Best Savings Account Rates and Money Market Rates – February 1, 2010

Savings account rates and money market rates have been very low for the past 18 months, current rates are averaging 0.351 percent for a savings account/money market account with a balance of $2,500.

Savings rates and money market account rates are expected to go higher sometime later this year when the Fed starts raising interest rates.

Looking for Savings Account Rates and Money Market Account Rates? Find the best rates in your area by searching our savings account rate tables. Saving Account Rates/Money Market Rates.

The current average savings/money market account rate for deposits of $10,000 is 0.43 percent. Savings account and money market rates for deposits of $25,000 are at .0494 percent. For account balances of $25,000 the interest rate is .0549 percent.

Although the average savings account rate and money market account rate is less than one percent you can find rates and yields that are higher than one percent. Right now Bank of Internet and Discover Bank both have one of the best savings account rates available, the current savings account rate is 1.59 percent with an APY of 1.60 percent.

Here is a list of the best savings account rates in New York City.

• Bank of Internet USA  1.60% APY Min $100 
• Discover Bank  1.60% APY Min $500
• UFB Direct  1.55% APY Min $1  
• North Fork Bank  1.55% APY Min $2500
• American Express Bank FSB 1.50% APY Min $ 1
• Nationwide Bank  1.50% APY Min $2000     
• Ally Bank  1.49% APY Min $ 1   
• Giantbank.com  1.41% APY Min $1000   
• FNBO DIRECT 1.40% APY Min $ 1     
• Apple Bank  1.40% APY Min $ 1 
• HSBC Direct 1.35% APY Min $ 1         
• EverBank 1.26% APY Min $ 1
• ING DIRECT  1.25% APY Min $ 1 
• First Internet Bank of IN  1.25% APY Min $100    
• Zions Bank  1.25% APY Min $2500
• Broadway National Bank  1.25% APY Min $1000    
• Allstate Bank  1.20% APY Min $100     
• EmigrantDirect.com  1.20% APY Min $ 1   
• Maspeth Federal S&L  1.20% APY Min $250     
• Intervest National Bank  1.15% APY Min $500      
• Ridgewood Savings Bank  1.02% APY Min $ 1    
• OneUnited Bank  1.01% APY Min $1000
• AARP Financial Savings Center  1.00% APY Min $ 1     
• Emigrant Savings Bank  1.00% APY Min $100   
• Marathon National Bank  1.00% APY Min $2500     
• Cross County Federal Savings  1.00% APY Min $2500

Find the Best Savings Account Rates in your area by searching our savings account rate tables. Best Saving Account Rates.