Best Bank Rates 2009 – Savings Accounts
During the current recession, many people are looking for the best bank rates. 2009 savings accounts with a good rate of return are scare but can be had, if the person looking digs deep enough in all the available information.
In September of 2009, the best bank rates for a savings account that is not a money market account is from Valley Community Bank of Illinois. They offer a savings account with an APY of 2.30% and an interest rate of 2.30%. There is a minimum of $100,000 required as the initial deposit but this is insured by the FDIC.
Choice Financial has a great rate at 2.26% APY but this is only an introductory rate that lasts for 30 days then is reverted to below 2.0%.
For those fortunate enough to reside in the great state of Georgia, Darby Direct offers 2.25% APY with their savings account.
ShoreBank Direct has a 2.15% APY on their online high yield savings account with a required $1 deposit.
Ultima Bank offers a 2.02% APY and 2.00% interest on their SMART Savings Account. There is no minimum deposit required, but without a deposit, no interest can be accumulated.
Centennial Bank offers an APY of 2.02% and an interest rate of 2.00% for its online customers that make a deposit of $100,000 or more.
Another emerging online financial institution is SmartPig. They have a savings account that offers an APY of 2.01% with a deposit of $25.
All of these rates are posted by their respected intuitional and are accurate as of the beginning of the month of September 2009.
With most of the larger financial institutions still well below 2.0% the best bank rates 2009 savings accounts are from the online banks.
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