Los Angeles Savings Rates | LA Average Savings Rate 0.22%, Highest Savings APY 1.50%

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%.
Author: Lisa Graham
May 13th, 2011