Savings Account | High Yield Saving Account - Banks offering high yield savings account

The best high yield saving account for March 2011

March 25th, 2011 by hysa | No Comments | Filed in Savings Account

So what exactly is a high yield saving account? A high yield saving account is a deposit account opened at the bank of your choice where the money you deposit earns greater than average interest.

A number of U.S. banks offer a high yield saving account where some offer a high yield saving account boasting no fees and no minimum balance.

Here are some of the best high yield saving account ranked according to the highest savings rate:

1. 1.35%APY – a very competitive rate offered by Smarty Pig. Smarty Pig is a free online piggy bank for people saving for a specific financial goal. For example, if your goal is to save a certain amount for a future family vacation then Smarty Pig may be your answer. However, you must be comfortable banking online if you want to bank with Smarty Pig. There is no monthly fee and only a minimum of $25 to open.

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InterestPlus Online Savings by Capital One at 1.35%APY plus 10% quarterly bonus

June 2nd, 2010 by hysa | No Comments | Filed in Savings Account

There is a great offer made by Capital One that is quite tempting considering the low savings account rates in the financial market today. If you want to consider parking your money with Capital One, go through the bank’s InterestPlus Online Savings where there is a great opportunity for you to earn 1.35%APY plus a 10% quarterly bonus on interest earned on qualifying accounts. Though an APY of 1.35% is still low compared to Capital One online savings account rate a year ago, the additional 10% quarterly bonus is already something to think about.

Capital One’s InterestPlus Online Savings is an online savings account that gives you 1.35%APY when you have $2,500 or more in your account. In addition, you will get an extra 10% quarterly bonus on your interest earned. The catch however is that you must keep a balance of at least $15,000 in your savings account each month or use a Capital One credit card at least once a month to qualify.

The balance requirement is ideal for those searching for higher interest rates on savings accounts and who have lots of funds to stash away but for a regular guy this could only be wishful saving.

Capital One also offers to its clients free online transfers to and from your existing external bank accounts with no fees. A federally insured bank to at least $250,000 per depositor, Capital One is one of the top national banks.

Tags: online savings account, Savings Account

Savings account rate at 2.75%APY from ProvidentNJ Direct

June 30th, 2009 by hysa | No Comments | Filed in Savings Account

ProvidentNJ Direct is offering a special introductory savings account rate of 2.75%APY for the first 90 days of account opening with free ATM card. This is one great offer that NJ residents can take advantage of.

After the 90 day introductory period, your savings account will still earn a decent savings account rate of 1.75%APY on daily balances of between $50 to $9,999.99. If your daily balance is above $10,000, your savings account will earn 2.25%APY.

Only $50 is required to open. The requirement however is that you must have $50 minimum daily balance to earn the 2.75%APY during the first 90 days and you must participate in ProvidentConnect Online Banking to receive periodic electronic account statements.

Tags: Savings Account, savings account rate

American Metro Bank Golden Ox Savings Account at 2.25%APY

May 13th, 2009 by hysa | No Comments | Filed in Savings Account

American Metro Bank is offering 2.25%APY for those who want to open a Golden Ox Savings Account with the bank. Interested customers however need to maintain $25,000 minimum balance in order to obtain the APY, which is effective from March 1, 2009 to April 30, 2009. There is no change in the APY so far.

Interest is compounded monthly and paid monthly and there may be fees that could reduce the earnings.

One disadvantage is that, depositors are limited to only 3 transfers each month. Customers who go beyond the limit will be charged $1.00 for each preauthorized transfer.

American Metro Bank, based in Illinois, is insured with FDIC

Tags: Savings Account

Dollar Savings Direct Online High Yield Savings Rate

April 25th, 2009 by hysa | No Comments | Filed in Savings Account

An online high yield savings account with Dollar Savings Direct at a rate of 2.05%APY is already quite high in today’s market. With no hidden cost, no fees, no penalties and no monthly charges, it is a good money saver. Access to your online savings account is also made available 24 hours a day 7 days a week so you have complete control of your savings account.

Dollar Savings Direct deposits are covered by FDIC insurance up to the maximum allowed by law so money should be safe.

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