Best Savings Account Rates

All that you need to open a savings account is the necessary information such as your Social security number and tax numbers and fill out a form online. You can submit that form and you will receive a confirmation from the bank within no time about your application being accepted. From then onwards you are on your way to earning high yield savings account. They offer you an extremely competitive rate and within a few minutes spent online you are on your way to getting a high yield savings account.

The high yield savings account will fetch you several other benefits besides the high yield savings account. Bank of America offers a 2.75% rate with all the other benefits in it. The savings plan can be started with the minimal amount of balance. They are the perfect option to get yourself a savings account and at the same time ensure that you regularly save for any unexpected contingencies or make plans for a holiday or gifts.

There are no fixed limits for you to open a high yield savings account and at Bank of America you can open one for as little as $25. You are eligible for a free online service, FDIC insurance for your principal, and no monthly charges.

Here is a comparative analysis table for you

The highest is Ever bank which gives you an extremely appealing rate of 2.51% for the first year which is the bonus three month rates and an APY yield of 1.77% for an amount of up to $50,000. Although not many people might have heard about such banks but they are the best of the breed in small time banks that are making their mark in the High yield savings account scenario. If you are willing to move away from the most renowned of banks then you will be able to garner a better deal in the realm of High yield savings account for yourself. There are several such banks that have been around for quite some time and are guaranteed to protect your money and interests.