One of the best savings account rates for a national bank can be found at American Express Bank. For several years now American Express Bank’s savings rate has been on the higher end of our rate list. American Express Bank’s current online savings account rate is at 0.90% with an APY of 0.90%. 

American Express Bank Best Savings Account Rates

American Express Bank’s savings rate is well above the current national average savings account rate of 0.193% for account balances of $2,500 or more. Amex Bank is the banking arm of the credit card company American Express.

You can search and compare the highest savings account rates in your state by searching MonitorBankRates’ savings rate tables here: Highest Savings Account Rates.

Amex Account Features and Benefits:

• Amex’s High Yield Savings Account has no fees and no minimums to maintain.
• The account is FDIC insured for up to $250,000.
• You have 24/7 access to the account online.
• You can make deposits by electronic transfer or by check.
• Withdrawals can be made by check by calling Amex at 1-800-446-6307 and requesting a withdrawal by check.

As with all savings account rates Amex’s savings account rate is a variable rate account, which means the savings rate can change at anytime. Amex Bank is also advertising 12 month CD rates at 0.55% if you want to lock in a rate though you’re obviously better off with the higher savings account rate.

Savings account rates are near historic lows right now. The current national average savings account rate/money market account rate our on average rate survey is at 0.205%. The FDIC’s national rate average survey is even lower at 0.12%. You can find savings rates considerably higher than the national average rates.  

You can compare a list of both local savings account rates and national savings account rates by using our rate tables here: Savings Account Rates.

Right now Discover Bank’s money market account rate is at the top of our national list of rates. Discover Bank’s money market account rate is 1.04% with a money market account yield of 1.05%. Discover’s MMA rate is more than 5 times MBR’s national average and almost nine times the FDIC’s average rate.

Right behind Discover’s rate is American Express Bank’s online savings account rate. Amex Bank’s savings account rate is currently at 1.00% with a savings account yield of 1.00%. Amex’s rate is almost five times MBR’snational average rate. Eariler this year American Express Bank’s savings account rate was slightly higher at 1.29% but like most banks their rate has been lowered.

Here are a list of more banks offering savings account rates and yields at 1.00%.

• Salem Five Direct
• First Internet Bank of IN
• Nationwide Bank
• ING Direct
• Sallie Mae Bank

Ally Bank’s savings account rate and yield is just below 1.00% at 0.99%. Behind Ally Bank is Aurora Bank with a money market account rate of 0.92% with a yield of 0.92%. Aurora Bank also offers savings accounts with a rate and yield of 0.87%.

Naugatuck Savings Bank based in Naugatuck, Connecticut, just introduced a new interest-bearing Ka-Ching! Savings Account program for customers who have a personal checking account with a Visa Check Card. Every time you use the Visa Card for a non-Pin purchase of $50 or more you can earn money.

Naugatuck Bank will pay you the amount of cents in the transaction by making a deposit of that money into yourKa-Ching! Savings Account. For example, if your purchase totals $50.99, Naugatuck Savings Bank will deposit $.99 cents of the bank’s money into your Ka-Ching! Savings Account.

Savings account rates on the Ka-Ching! Savings Account are tiered and based on the account balance. There are three tiers and the savings account rate is either 0.25%, 0.50% or .075% based on the balance.

Granted these savings account rates are not the highest savings account rates around but when if you use the Visa card frequently the savings rate and savings yield can increase dramatically.

For more information about the Ka-Ching! Savings Account at Naugatuck Savings Bank visit: Naugatuck Savings Bank’s Ka-Ching! Savings Account. For a list of the best savings account rates from many different banks use our rate list here: BEST SAVINGS ACCOUNT RATES. You can also view the best CD rates here: BEST CD RATES.

State Employees Credit Union of North Carolina is offering some of the best savings rates available right now. State Employees Credit Union’s highest savings rate is on their Individual Retirement Account (IRA) and their Coverdell Education Savings Account (CESA).

The current savings rate is 2.25% with a savings yield of 2.28%. This rate is about 10 times the current national average savings rate of 0.22% as reported by MonitorBankRates.com.

Of course membership at SECU isn’t open to everyone. The eligibility requires can be found here: SECU Membership.

If you don’t meet the requirements you can search our rate tables for the highest Savings rates here: Highest Savings Rates.

The second highest savings rate at SECU is on their Health Savings Account (HSA). Current HSA rates are at 2.00% with a yield of 2.02%, which is more than 9 times the national average.

Regular share savings rates at SECU are almost 6 times the national average. Current share savings rates are at 1.25% with a savings yield of 1.26%. Holiday Club, FAT CAT Share, Z-Club accounts also have a rate of 1.25% and a yield of 1.26%.

SECU also offers their Bridge Share account which is variable rate account, subject to change quarterly based on the S&P 500® index from the previous quarter. Maximum rate on this account is 12.00% APR / 12.55% APY.

If you’re interested in certificates at SECU the credit union is also offering some of the highest CD rates right now. Current 6 month CD rates and yields are at 1.25%.

Right now on our national savings account rates list three banks have best interest rate. American Express Bank, Discover Bank and Sallie Mae Bank are all offering online savings account rates at 1.14% with an APY of 1.15%. The rate those banks are offering are about 5 times the current national average savings rate of 0.232% as reported by MonitorBankRates.com.

Find the best savings account rates and money market account rates at SavingsAccount.MonitorBankRates.com. 

The second best savings interest rate on our list is from Flagstar Direct. The bank’s current online savings account rate is 1.10% with an yield of 1.11%. 

The third highest interest rate on our list is from Nationwide Bank. The bank’s current money market account rate is 1.04% with an APY of 1.05%.

The fourth best rate on our list is from three banks, WTDirect, EverBank and Zions Bank are all offering Internet savings account rates at 1.01% with an APY of 1.01%.

Highest National Savings Account Rates

American Express Bank FSB 1.14% Yield 1.15% Min $ 0 
Discover Bank 1.14% Yield 1.15% Min $500 
Sallie Mae 1.14% Yield 1.15% Min $ 1 
Flagstar Bank 1.10% Yield 1.11% Min $ 1 
Nationwide Bank 1.04% Yield 1.05% Min $10,000 
EverBank 1.01% Yield 1.01% Min $ 1 
Zions Bank 1.01% Yield 1.01% Min $1000 
WTDirect 1.01% Yield 1.01% Min $10,000 
FNBO DIRECT 1.01% Yield 1.00% Min $ 1 
ING DIRECT 1.00% Yield 1.00% Min $ 1 
First Internet Bank of IN 1.00% Yield 1.00% Min $100 
Ally Bank 1.00% Yield 1.00% Min $ 1 
AIG Bank 1.00% Yield 1.00% Min $10,000

Current savings account rates in Chicago are dismal and expected to be so for the rest of 2011. World economic problems and weak economies are keeping interest rates low. The Fed funds rate is in a targeted range of 0% to 1/4% for about two years now.

Compare the highest savings account rates in your state by using our interest rate tables at SavingsAccount.MonitorBankRates.com. Both national banks and local banks with the best rates will be listed.

Since savings rates are so low, finding the best savings rate is even more imperative. Right now on our savings account rate list in Chicago, Illinois, American Express Bank and Sallie Mae Bank have the highest unrestricted savings rate. Both banks are offering rates at 1.14% with a savings yield of 1.15%.

We do have two banks on our rate list for Chicago, IL, offering better savings rates but you must have a checking account to earn the rate and yield. Tennessee Commerce Bank is offering savings rates at 1.49% with a yield of 1.50% and Salem Five Direct is offering rates at 1.24% with a yield of 1.25%.

Flagstar Direct comes in with the fourth best rate on our Chicago list. The online banking arm of Flagstar Bank is offering savings interest rates at 1.10% with an APY of 1.11%.

Savings Account Rates in Chicago

• Tennessee Commerce Bank 1.49% Yield 1.50% Min $250 Must have a checking account with TCB.
• Salem Five Direct 1.24% Yield 1.25% Min $ 1 Must have a checking account with SFD.
• American Express Bank FSB 1.14% Yield 1.15% Min $ 0
• Discover Bank 1.14% Yield 1.15% Min $500
• Sallie Mae 1.14% Yield 1.15% Min $ 1
• Flagstar Bank 1.10% Yield 1.11% Min $ 1
• Nationwide Bank 1.04% Yield 1.05% Min $10000
• EverBank 1.01% Yield 1.01% Min $ 1
• Zions Bank 1.01% Yield 1.01% Min $1000
• WTDirect 1.01% Yield 1.01% Min $10000
• FNBO DIRECT 1.00% Yield 1.00% Min $ 1
• ING DIRECT 1.00% Yield 1.00% Min $ 1
• First Internet Bank of IN 1.00% Yield 1.00% Min $100
• Ally Bank 1.00% Yield 1.00% Min $ 1
• AIG Bank 1.00% Yield 1.00% Min $10000
• OneUnited Bank 0.90%% Yield 0.90% Min $1000 Available to
• Internet customers only.
• Giantbank.com 0.85% Yield 0.85% Min $1000
• National City of the Midwest 0.85% Yield 0.85% Min $ 1
• Bank of Internet USA 0.80% Yield 0.80% Min $100
• EmigrantDirect.com 0.80% Yield 0.80% Min $ 1
• HSBC Advance 0.80% Yield 0.80% Min $ 1
• Capital One Direct Banking 0.875% Yield 0.75% Min $10000
• Allstate Bank 0.70% Yield 0.70% Min $100
• Ameriprise Bank FSB 0.60% Yield 0.60% Min $10000 Must be a Achiever Circle Elite member to receive higher rate.
• E-LOAN.com 0.50% Yield 0.50% Min $10000 Must make monthly deposits of at least $100 to qualify for rate. If monthly deposits not met, standard savings rates apply.
• E*TRADE Bank 0.30% Yield 0.30% Min $ 1
• Bank of America 0.30% Yield 0.30% Min $10000 Must have an automatic transfer of $250 or more from your Bank of America account, an automatic transfer of the monthly interest payment from your Bank of America CD or a direct deposit of $250 or more to earn the bonus rate.
• Central Illinois Bank 0.30% Yield 0.30% Min $10000
• PenFed 0.25% Yield 0.25% Min $10000
• Chase 0.2%% Yield 0.25% Min $10000 Must have a Chase Premier Platinum or Chase Premier Checking account

Find the best savings rates in your state at MonitorBankRates.com.

The current average Los Angeles savings rate is averaging 0.22 percent as reported by Monitor Bank Rates. You can find savings rates in L.A. a lot better than the average rate. Right now on our L.A. rate table Tennessee Commerce Bank is offering a rewards savings rate of 1.49% with an APY of 1.50%. To earn this rate and APY you have to have a checking account with the bank.

Search and compare savings account rates and money market account rates at SavingsAccount.MonitorBankRates. You can find the best rates from national bank and local banks.

The second highest savings rate on our list is also a rewards rate. Salem Five Direct is offering rates at 1.24% with an APY of 1.25%. This bank also requires you to have a checking account with them to earn the rate and yield. 

If you’re not interested in opening a checking account to get a higher yield savings account you can get a 1.14% rate and 1.15% APY at three different banks. American Express Bank, Discover Bank, and Sallie Mae Bank are all offering a rate of 1.14% with an APY of 1.15%.

Flagstar Bank has the fourth highest rate on our list. Flagstar Bank is offering savings rates at 1.10% with an APY of 1.11%. Rounding out the top 5 rates is Nationwide Bank. The bank is their money market account rate at 1.04% with an APY of 1.05%.