Which bank has the highest savings account intrest rates?

Question

Which bank has the highest savings account intrest rates? I have a money left over from my pay check and i would like to start putting it in a savings account but i need help finding one with a high intrest rate. I am also interested in CD's please help me i would really like to start investing some of my money.

Answer 1

I would highly recommend ING Direct for a few reason...they are FDIC insured, have high interest rates, and the security measures that they use are quite impressive. Currently ING offers a savings account at 4.5%. ING also offers a tiered rate checking...all for no fee and no minimums this goes for CD's as well. If you are interested in opening a savings account e-mail me and I can give you a referral link which gives you a $25 bonus if you open an account with $250 or greater.

I know alot of online banks offer high rates like emmigrant direct, capitial one, and hsbc but f/ experience and f/ friends that have tried the other banks...ING is your best bet.

Answer 2

about a yr ago i opened a high yield savings account with aid4families.com I receive my interest through monthly payments which are directly deposited into my bank account each month. There are other program options which allow for compounded interest and such. This programs really pays the highest APY around. You should check it out for yourself www.aid4families.com.

As a response to rip-off, aid4families.com has nearly 30 links on the frontpage for how people are being "ripped-off" and openly compare their track record of no complaints to the constant flow of lawsuits against the big names. 120% apy makes it obvious that 6% is a rip off. Also they mention how the early days when the discount online brokers took brokerage commissions from $400 a trade to $20 this same type of fear mongering went on from the industry and the brainwashed who didn't want more money in THEIR own pocket. You have to make your own decision and that's what you should do. Read the links on the front page and compare apples with apples. We should hope like e-trade a decade ago forced lower commissions that this company stops the price fixing on apy. Talk about rip offs!! there is very little fluctuation in my apy at the bank but the fdic insured have no problem offering adjustable rate mortgages and millions lose their home right now!!! There doesn't seem to be a limit of 6% on credit cards (fdic protected sham shell game) or on loans. Fdic means you can file a claim if the bank closes completely, most of the time they don't so it may take months or years just to get your deposit (limited to 100k total)back. With this company at least you have all your money back in a few months :) I'm better off making more money for ME just like people are better off keeping all those commissions from the big brokerages. Just like wall st. had to offer discount trading, maybe this will force banks to offer interest the way they charge it.

Answer 3

ING Direct had high yield savings accounts. they run somewhere in the 5 percent range and Have 6 months cd's that range in a similar range. Also if you are part of AAA they have cd's and other financial products with high yields. The only negative with ING Direct is they are a totally online bank so you have to do everyting over the internet which may make people feel uncomfortable. If you join AAA it is about 75 bucks a year and you get to use all of their products which include discounts and free towing when needed.

Answer 4

There is no bank that always pays the highest rates. Some banks that are always in the highest percentages include;
www.GMACBank.com
www.HSBCdirect.com
www.INGdirect.com
All are FDIC insured!
Look at services offered (ATM cards, checks, balance requirements)...... Good luck!


PLEASE NOTE: www.aid4families.com has all the markings of a rip off. They offer 120% APY with no indication of FDIC insurance....... major danger sign.......... besides no one on the planet (that's legit) would offer any rate over 6%. Be very happy to get 5.05% - 5.10% APY.

Answer 5

AmTrust Direct (www.amtrustdirect.com) is currently offering the highest savings account interest rate (5.36% APY). The other top banks are:

-BankUnited: 5.35% (watch out for maintenance fees)
(www.bankunited.com)

-UFB Direct: 5.31%
(www.ufbdirect.com)

-iGObanking: 5.30%
(www.igobanking.com)

-E-LOAN: 5.25%
(www.eloan.com)

Banks like HSBC Direct, ING Direct, and Emigrant Direct are good options too, but their interest rate is not among the highest anymore. However, ING Direct is popular for excellent service.

Also, HSBC is running a promotion 6% interest rate for a limited time...regular rate is 5.05%

Answer 6

HSBC has a good rate for savings but not good customer services.... However, I love my ING Orange Direct.... Right now it's rate is 3.00%. Easy application and easy to transfer between bank accounts from different institutions.