TAB Bank Ups Savings Rate
TAB Bank savings rates, which was already offering one of the best online savings rates available, were recently increased. The old savings rate at TAB Bank was at 2.27 percent with an APY of 2.30 percent. The new savings rate at TAB Bank is at 2.37 percent with an APY of 2.40 percent.
The 10 basis point increase on the savings rate from TAB Bank puts the bank's rate in second place on our savings rate list. The top saving rate on our list is only 1 basis point higher at 2.41 percent. Savings rates and other deposit rates are constantly being increased these days. We could see the highest savings rates soon hit 2.50 percent.
This high savings rate of 2.40 percent is on TAB Bank's Premium Savings Account. TAB Bank offers other types of savings accounts so make sure you sign up for the Premium Account. There is no minimum balance to open this account.
Opening a Premium Savings Account with TAB is rather cumbersome in this day and age, you can't open an account online. To open an account, you have to download an application, fill it out and either fax or mail it in.
To get the best deal and rate on a savings account you can see how other online savings rates compare to TAB savings rate at MonitorBankRates.com.
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