Best Savings Account Rates

Online savings account is one which can be opened and managed completely online. Online banks in US offer differ schemes and varying interest rates to the savings accounts (especially personal accounts). These are high yielding accounts with lot of short and long term benefits.

best online savings account rates

Given below is a list of familiar online banks from US along with the interest rates for the savings accounts that they offer.

Online checking account (product name : FreeNet Checking Account) can get a maximum interest rate of 1.26 % APY. This applies for balances in excess of 100,000$. For lowest possible balance of 9999$ and less the rate is 0.76% APY. The rate gradually increases for increasing balances and reaches the ceiling at 100,000$ as already mentioned.

The rates offered to AllyBank online savings accounts are greater than those of Everbank accounts. The maximum rate one can get at AllyBank is 1.39% APY. This rate applies to balances in excess of 50,000$.

Other key benefits include zero opening balance, zero monthly maintenance fees etc.

Savings accounts from HSBC can enjoy a maximum interest rate of 1.20% APY.The official website of the bank promises that there are no hidden charges involved.

Other key benefits include personalized checkbook, easy tracking and transaction etc. Also with online savings account one becomes eligible for HSBC credit cards.

WTDirect customers can enjoy a very high APY of 1.26% for balances greater than 10,000$. The bank claims the rates are among the top 5% of the highest interest rate providers.

Advantages include very high fund transfer limits, restriction less inter bank transfers, free mobile phone banking etc.

ING Direct online banking customers can benefit with a rate of 1.15% APY. (However this is lower than the other banks which we are discussing currently.)

These accounts have no hidden charges, minimum balance or monthly fees. Electronic fund transfers are easy and almost with no service charge.