This feed is provided for the convenience of Moolanomy’s subscribers. Additionally, you could opt for special incentive from participating retailers to get even more from your savings.
Here’s a review of SmartyPig I did in 2008, please note that several things may have changed since.
High Yield Checking Accounts (up to 1.65% APY)
Generally, there are more restriction around high yield checking to be eligible for the best rate. While your savings is accumulating, it’s earning a competitive interest rate of 3.25% APY — currently the bast savings rate. The specific interest rate depends on the quality of loan you are investing in. Ask it now at Moolanomy Answers!
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All of these accounts are FDIC insured up to 0,000. However, it may be worth while if you can meet the requirements. To learn more about peer lending, please read Introduction to Peer-to-Peer Lending.
* IMPORTANT: Please note that there are special risks associated with social lending.
Save Yourself Account at TD Ameritrade (0 + 0.50% APY)
Open a new (non-retirement) Save Yourself Account at TD AMERITRADE, make 12 consecutive monthly deposits of 0 or more, and TD AMERITRADE will give you 0. Currently, ING Electric Orange offers a high yield checking account that pays up to 1.65%.
Please review information associated with each offer before you sign up. Rates and conditions change constantly and I have reported what I believe to be the most accurate information at the time the article was updated. Your principal is protected and you’re guarantee a positive nominal return on investment.
Savings Banks With Highest Interest Rate
As of 7/2/2009 the highest yield savings accounts are:
Bank
Interest Rate (APY)
Minimum Deposit
EverBank Yield Pledge Money Market Account*
2.15%
,500
Ally Bank High Yield Savings
2.00%
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Discover Bank Money Market Account
2.00%
,500
WT Direct Savings Account
1.76%
,000
HSBC Direct Online Savings Account
1.55%
E*Trade’s Complete Savings Account
0.95%
Tennessee Commerce Bank
2.30%
0
Goldwater Bank
2.03%
,500
Heartland Bank Direct
2.01%
0
Corus Bank
2.00%
0
UFBDirect.com
2.00%
0
Dollar Savings Direct
2.00%
,000
* 3.01% APY 3-month bonus rate from EverBank
If you are looking for more savings options, I recommend that you use MoneyAisle to help you find the best online savings rate.
Alternative Savings And Investment Options
In addition to high yield savings accounts, there are other alternatives that may work for you.
Lending Club (average 9.92% APY*)
Lending Club is a social lending network where you can invest in individual loans with as little as . Also, you will receive free online access to Women & Money—the book that launched Suze’s Save Yourself movement.
SmartyPig (3.05% APY)
SmartyPig is an online piggy bank where you could set up savings goals, and invite family and friends to contribute to your account.
Although the average interest rate on high interest savings accounts continue to drop, you can still find a good rate if you know where to look. Currently, the average return on investment is 9.05% APY.
Do you have a financial question? In this article, I’ve compiled a list of nationally available highest yields savings accounts.
Posted under Credit Repair
This post was written by admin on July 5, 2009
