Election Day’s Savings Rates and Money Market Account Rates

As we Americans head to the polls for one of the biggest Elections in our lifetime average savings rates and money market rates are still very low this week. Regardless of who wins the White House average savings account rates and money market account rates will stay at hear record lows for most of this President's term.

The best savings rates right now at still at 1.05 percent APY while the national average savings rate this week is at 0.08 percent. On our savings interest rates table this week the highest savings rates are from CIT Bank. Current CIT Bank savings account rates are at 1.04 percent with an APY of 1.05 percent. CIT Bank's savings rates are more than 13 times the FDIC average for the week ending November 5, 2012.




Average money market account rates are at 0.12 percent in the FDIC rate survey for the week ending November 5, 2012. The best money market account rates are more than 8 times the FDIC average. The highest money market rates on our rate survey for Election Day are from Union Federal Savings Bank and Sallie Mae Bank at 1.04 percent with an APY of 1.05 percent.

I forgot to mention both our regular savings account rates and money market rates are also many times the jumbo rates in the FDIC rate survey this week. Current jumbo savings rates are at 0.08 percent , our highest savings rate is at 1.05 percent APY. Current jumbo money market rates are at 0.18 percent and our highest money rate is at 1.05 percent APY.

Best Election Day Savings Rates



  1. CIT Bank Savings Rates 1.04% APY 1.05%

  2. Barclays Bank Savings Rates 1.00% APY 1.00%

  3. Ally Bank Savings Rates 0.95% APY 0.95%

  4. American Express Savings Rates 0.90 % APY 0.90%

  5. Colorado Federal Savings Bank Rates 0.85% APY 0.85%

  6. Discover Bank Rates 0.80% APY 0.80%

  7. Bank of Internet Savings Rates 0.80% APY 0.80%

  8. ING Direct Savings Rates 0.75% APY 0.75%

  9. First Trade Union Bank Savings Rates 0.70% APY 0.70%

  10. Heartland Bank Direct Savings Rates 0.70% APY 0.70%


Best Election Day Money Market Rates



  1. Sallie Mae Bank Money Market Rates 1.04% APY 1.05%

  2. Union Federal Savings Bank Money Market Rates 1.04% APY 1.05%

  3. EverBank Money Market APY 1.01%

  4. Able Banking Money Market Rates 0.96% APY 0.96%

  5. Ally Bank Money Market Rates 0.95% APY 0.95%

  6. MetLife Bank Money Rates 0.85% APY 0.85%

  7. Bank of Internet USA Money Market Rates 0.75% APY 0.75%

  8. FlagStar Bank Money Market Rates 0.70% APY 0.70%

  9. Discover Bank Money Market Rates 0.70% APY 0.70%

  10. GiantBank.com Money Market Rates 0.65% APY 0.65%


Bank savings rates and money market rates change all the time, check back with us often to make sure you are getting the best return for your money. Also, please don't forget to vote today because every vote counts in this Election and every Election!
 
Author: Lisa Graham
November 6th, 2012