The best savings account rates are around 1.50 percent right now. Savings account rates have been coming down for awhile now and probably won’t start heading back up again until the third quarter of 2010.

The average savings account rate of a savings account/money market account with a balance of $10,000 is 0.433 percent this week – not much of a return on your money for the average savings rate.

Here is a current list of the top savings account rates in New York City.

• Bank of Internet USA  1.60% APY Min $100      
• UFB Direct  1.55% APY Min $ 1 
• North Fork Bank  1.55% APY Min$2500 Must have a Smart Cents Checking account.
• UFB Direct  1.55% APY Min $ 1  
• American Express Bank FSB 1.50% APY Min $ 0 No monthly fees. No minimum balance.
• Capital One Direct Banking  1.45% APY Min $2500 Will get a 10% quarterly bonus with a monthly average balance of at least $15K and use of a Capital One credit card.
• Nationwide Bank  1.45% APY Min $2000     
• Salem Five Direct  1.45% APY Min $ 1 Must have a checking account.
• Ally Bank  1.44% APY Min $ 1   
• Giantbank.com  1.41% APY Min $1000      
• FNBO DIRECT 1.40% APY Min $ 1   
• Apple Bank  1.40% APY Min $ 1 Internet Only.
• Discover Bank  1.35% APY Min $500    
• EverBank 1.26% APY Min $ 1 2.25%
• First Internet Bank of IN  1.25% APY Min $100   
• Zions Bank  1.25% APY Min $2500 Internet only
• Broadway National Bank  1.25% APY Min $1000    
• HSBC Direct 1.20% APY Min $ 1     
• ING DIRECT  1.20% APY Min $ 1      
• Allstate Bank  1.20% APY Min $100    
• HSBC Direct  1.20% APY Min $ 1   
• Maspeth Federal S&L  1.20% APY Min $250      
• Intervest National Bank  1.15% APY Min $500      
• EmigrantDirect.com  1.10% APY Min $ 1     
• Banco Popular  1.10% APY Min $2500 Must have a checking account.
• Ridgewood Savings Bank  1.02% APY Min $ 1
• Citibank  1.01% APY Min $ 1 Must have EZ checking account and you must have on-line bill pay and make 2 payments each month.
• OneUnited Bank  1.01% APY Min $1000 Available to Internet customers only.
• AARP Financial Savings Center  1.00% APY Min $ 1     
• Emigrant Savings Bank  1.00% APY Min $100      
• Marathon National Bank  1.00% APY Min $2500    
• Cross County Federal Savings  1.00% APY Min $2500     

Looking for Savings Account Rates? Find the Best Savings Rates here: Best Savings Account Rates.