Today’s Savings Rates: Highest Account Rates at 1.04%

Today's savings rates and money market account rates on account balances of $10,000 on averaging 0.53 percent in Bankrate's national survey. Larger savings account balances earn a little more. Account balances of $25,000 earn 0.56 percent and account balances of $50,000 earn 0.65 percent.

The FDIC's national average savings rate survey is even lower at 0.09 percent for account balances of less than $100k. Jumbo savings rates (account balances of $100k or more) are also at 0.09 percent in the FDIC's rate survey this week.

On our savings account rates list there are rates listed that are well above Bankrate's average and more than 10 times the FDIC national average rate. In fact right now the best savings rate is at 1.04 percent with an APY of 1.05 percent.

CIT Bank's savings rate on their CIT Savings Account is at 1.04 percent with an APY of 1.05 percent. To earn this rate and yield you must have at least $25k on deposit. Savings account balances of less than $25k earn a rate and yield of 0.90 percent.

Union Federal Savings Bank's money market rate is also at 1.04 percent with an APY of 1.05 percent. The minimum opening deposit at Union Federal Savings Bank is $2,500.

The second best rate on our rate list is on EverBank's money market account. EverBank's current money market APY is at 1.01 percent for the first year.

This MMA rate is a promotional rate, the first six months the account earns 1.25 percent and the last six months the account earns 0.76 percent. This makes the first year's overall APY 1.01 percent. After the first year the MAA rate is 0.76 percent.

Best Savings Rates August 14, 2012

• CIT Bank Savings Account Rates 1.04% APY 1.05%
• Union Federal Savings Bank Savings Rates 1.04% APY 1.05%
• EverBank Money Market APY 1.01%
• Barclays Online Savings Account Rates 1.00% APY 1.00%
• Sallie Mae Bank MMA Rates 0.90% APY 0.90%
• Ally Bank Account Savings Rates 0.89% APY 0.89%
• American Express Bank Savings Account Rates 0.85% APY 0.85%
• MetLife Bank Savings Interest Rates 0.85% APY 0.85%
• ableBanking MMA Rates 0.85% APY 0.85%
• Colorado Federal Savings Bank Rates 0.85% APY 0.85%
• Discover Bank Savings Rates 0.80% APY 0.80%

As you can see there are many banks offering interest rates well above the national average rates. You can search for the best rates in your state by using our rate list below: