Savings Account Interest Rate Scorecard

The Savings Account Interest Rate Scorecard highlights some of the leading savings account interest rates. It is most useful for a quick answer on where to stash your cash. If you really want the best rates, you can start here and continue on for even better deals.

To be included on the Savings Account Interest Rate Scorecard, banks must be FDIC insured. Savings account interest rates quoted should be valid for deposits as low as $1. Rates quoted are quoted in APY. Some accounts are money market accounts - not just savings accounts

• How APY Works
• How FDIC Insurance Works
• Money Market Accounts vs Money Market Funds

Leading Savings Account Interest Rates

• 1.04% APY - Clear Sky Accounts
• 1.00% APY - Sallie Mae
• 0.89% APY - Ally Bank

See reviews of some of of the leading online bank accounts:

• ING Direct Orange Savings Account
• HSBC Online Savings Account
• Emigrant Direct Review
• E-Loan Savings Account Review

Note that you might be able to find even better savings account interest rates if you look hard enough. Check to see what the personal finance bloggers are talking about. They tend to find great deals, and you’ll find some savings interest rates that are only valid on larger minimum deposits. ConsumerSearch also ranks bank accounts by compiling reviews from various sources.

It may be possible to earn more in a checking account. Reward checking accounts pay high interest rates as long as you meet a few criteria. You generally have to bank online, use your debit card frequently, and make automatic deposits into the account.

• How Reward Checking Works

This scorecard is designed to inform you of competitive rates in the marketplace. The savings account interest rates quoted may change by the time you are able to open an account.