Christmas Day 2015 Variable Deposit Rates

2016 will be a better year for deposit rates after many years of watching rates decline to historic lows. The Fed will most likely increase the fed funds rate at least 3 or 4 times in 2016, on top of the 1 rate increase in 2015. While banks and credit unions haven't increased rates yet, it's only a matter of time before they do.

Let's look forward to higher fixed and variable bank rates in 2016. Listed are the best savings rates and money market rates on Christmas Day 2015. You can check on all current deposit rates by searching our database of interest rates at MonitorBankRates.com.

Best Savings Rates Christmas Day

• Radius Bank 1.09% Yield 1.10%
• The Palladian PrivateBank 0.90% Yield 1.10%
• Synchrony Bank 1.04% Yield 1.05%
• GE Capital Bank1.04% Yield 1.05%
• Barclays Bank 1.00% Yield 1.00%
• Ally Bank 1.00% Yield 1.00%
• iGObanking.com 1.00% Yield 1.00%
• My Savings Direct 1.00% Yield 1.00%
• CIT Bank 0.99% Yield 1.00%
• Discover Bank 0.95% Yield 0.95%
• FNBO Direct 0.95% Yield 0.95%

Best Money Market Account Rates Christmas Day

• EverBank 0.61% Yield 1.11% (promotional rate)
• Dime Savings Bank of Williamsburgh 1.09% Yield 1.10%
• Northeast Bank 1.09% Yield 1.10%
• iGObanking.com 1.09% Yield 1.10%
• ableBanking 1.00% Yield 1.00%
• Sallie Mae Bank 0.90% Yield 0.90%
• Ally Bank 0.85% Yield 0.85%
• Mutual of Omaha Bank 0.85% Yield 0.85%
• Synchrony Bank 0.85% Yield 0.85%
• MyCBB 0.83% Yield 0.83%
• Discover Bank 0.80% Yield 0.80%