California Savings Rates | CA Average Savings Rate 0.23%, Best Savings APY 1.15%

The current average California savings rate is at 0.23 percent as reported by Monitor Bank Rates. You can find savings accounts rates in California that are a lot higher than the average rate. Right now on our CA savings rate table three banks are offering the best rate. Discover Bank, American Express Bank and Sallie Mae Bank are all offering savings rates at 1.14% with a savings yield of 1.15%.

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

The second best savings account rateon our list is from Flagstar Bank. Flagstar Bank is offering online savings rates at 1.10% with an APY of 1.11%.

The third best interest rate on our list is from Capital One Direct Banking. The bank is offering their InternetPlus savings rates at 1.09% with a savings yield of 1.10%.  With Capital One's savings account you can also receive a 10% quarterly bonus on interest earned with a monthly average balance of at least $10,000 or use of a credit card at least once a month.

The fourth highest interest rate on our list is from Ally Bank. The bank is offering online savings rates at 1.03% with an online savings yield of 1.04%.

Rounding out the top 5 savings rates is Everbank and Zions Bank. Both banks are offering rates and yields at 1.01%.

Author: Lisa Graham
June 14th, 2011