Highest Interest Rate Savings Account
If you’re looking to make the most of your savings, you’re probably wondering what the highest interest rate savings account is right now. Not a bad goal. Well, we here at Online Banks Blog are here to help by showing you who’s got the highest interest savings account offers right now.
Our first look is at money market accounts (MMA) with low minimum deposits (to avoid fees). These are traditionally the highest interest savings accounts and are available nationally or online for our purposes here.
Low-Deposit ($1,000 and under) Requirement MMA
The best high interest savings account (MMA) right now is at Tennessee Commerce Bank in TN with a $250 minimum balance to open and a current return of 2.30% annual percentage yield (APY).
Next in line is the Bank of Internet USA highest interest rate savings account (MMA) with a low $100 minimum and a 2.06% APY.
Medium ($10,000 and under) Deposit Requirement MMA
The highest interest savings account in this category is from Corus Bank of Illinois with a 2.09% APY and a $10,000 minimum deposit to avoid fees.
Next is Goldwater Bank in Arizona with a 2.03% APY and a $1,500 minimum deposit.
The absolute best rate right now, the nation’s number one high interest savings account is the above-mentioned Tennessee Commerce Bank at 2.30% APY.
All of these are variable interest rate accounts and are at banks that are FDIC insured to the fullest extent of the law.
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