Best Savings Account Rates

The national average savings account rate/money market account rate is rather pathetic these days.

As you can see in the table below rates are either just above or just below 0.50 percent depending on the deposit amount. 

You can find savings account rates and money market account rates well above the national average rates, in fact, a select few banks and credit unions offer rates above 2.00 percent.

SFGI Direct is offering their "Direct Savings Account" which currently has an annual percentage yield of 2.25 percent. ShoreBank Direct is offering a savings account that has an annual percentage yield of 2.15 percent.

Savings account rates and money market account rates are variable and can change at anytime.  These days rates are headed down so chances are the rate change will be down. There is nothing more annoying than opening an account and have the rate change within a week or two.

If you want to lock in a rate around two percent you can find banks offering one year and two year CD rates around two percent. Interest rates will be headed up in the coming year so stick to shorter term certificate of deposits for now.

Here is a list of the best savings account rates.

1. SFGI Direct 2.25% APY
2. ShoreBank Direct 2.15% APY
3. Alliant Credit Union 2.00 APY
4. Evantage Bank 2.00% APY
5. AmericaNet Bank 2.00 APY
6. Redneck Bank 2.00% APY
7. Discover Bank 1.85% APY
8. Bank of Internet USA 1.75% APY
9. UFB Direct 1.75% APY
10. Ally Bank 1.70% APY
11. Nationwide Bank 1.70% APY
12. GiantBank.com 1.56% APY

Find the best savings account rates and money market account rates in your zip code by searching our savings rate tables here.

Best Savings Rates and Money Market Account Rates