Best Savings Rates in Florida: Highest Savings APY in Miami 1.15%

Right now on our savings rate list in Miami, Florida, the best savings account rate is 1.14% with a yield of 1.15%. American Express Bank, Sallie Mae Bank and Discover Bank's savings account rates are all at 1.14% with a yield of 1.15%. That rate might not be that high historically speaking but it is about 5 times the current national average rate of 0.231% as reported by Monitor Bank Rates.

Find the highest savings account rates and money market account rates at

Flagstar Bank has the second best savings account rate for our list in Miami, FL. The bank's current savings rate is 1.10% with a yield of 1.11%.

The third highest savings rate on our list is from Capital One Direct Banking. The bank's current rate is 1.09% with a yield of 1.10%. A bonus about this account is you can also earn a 10% quarterly bonus on interest earned with a monthly average balance of at least $10K or use of a Capital One credit card at least once a month.

Coming in with the fourth highest rate and yield is Nationwide Bank. The bank's current money market account rate is 1.04% with a yield of 1.05%.

Rounding out the top 5 rates is Ally Bank with a rate of 1.03% and a yield of 1.04%.

FL Best Savings Account Yields

Discover Bank Yield 1.15% Min $500 

American Express Bank FSB Yield 1.15% Min $ 0 

Sallie Mae Yield 1.15% Min $ 1 

Flagstar Bank Yield 1.11% Min $ 1 

Capital One Direct Banking Yield 1.10% Min $1000 

Nationwide Bank Yield 1.05% Min $2000 

Ally Bank Yield 1.04% Min $ 1 

EverBank Yield 1.01% Min $ 1 

Zions Bank Yield 1.01% Min $1000 

First Internet Bank of IN Yield 1.00% Min $100 

ING DIRECT Yield 1.00% Min $ 1 

Salem Five Direct Yield 1.00% Min $ 1 - Must have a checking account with SFD

Author: Lisa Graham
June 16th, 2011

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