Top 10 Savings Account Rates and Money Market Account Rates

The national average savings account rate/money market account rate for account balances of $2,500 or more is only 0.34%. Of course you can find rates higher than the average. Right now both Bancorp South and Bank of Internet are offering the best savings account rates of 1.49% with an APY of 1.50%. Bancorp South has certain requirements and restrictions on the account, you can see the details below.

The average rate for account balances of $10,000 to $24,999 is .0417.%  For account balances of $25,000 to $49,999  the average rate is 0.45% and for balances of $50,000 or more the average rate is 0.50%.

Search our savings rate/money market rate tables to find the best rates in your area.

Here is a list of the top 10 savings account rates and money market account rates on our rate tables:

  1. Bank of Internet USA 1.50% APY Min $100

  2. BancorpSouth  1.50% APY Min $1 1.50% APY Min $ 1 Transfer at least $50 (total) into this account via ACH or Internet Banking, also combine Performance Savings and Performance Checking account statements into one statement. Balances over $30K get Non bonus Performance Savings rate 0.15% APY

  3. Capital One Direct Banking 1.40% APY Min $2500 10% bonus on interest earned

  4. Nationwide Bank 1.35% APY Min $2000

  5. Discover Bank 1.35% APY Min $500

  6. American Express Bank FSB 1.30% APY Min $0

  7. Ally Bank 1.30% APY Min $1

  8. 1.26% APY Min $1000

  9. EverBank 1.26% APY Min $1

  10. FNBO DIRECT 1.25% APY Min $1

Author: Jason P. Jones
March 11th, 2010