The following savings accounts are available to everyone. Make sure to read their terms and conditions in order to get the high rate. Find the best bank rate available nationwide!
| Bank or Credit Union | APY | Terms | Hard Inquiry | Review |
|---|---|---|---|---|
| TIAA Direct | 1.25% | $25 min to open | Yes | Review |
| MyBankingDirect | 1.15% | $5000 min to open | Yes | Review |
| FlagStar | 1.15% | 4 month guaranteed | Yes | Review |
| EverBank | 1.05% | 6 month guaranteed | Yes | Review |
| Acacia Federal | 1.00% | direct deposit or 3 billpays | Yes | Review |
| Salem Five Direct | 1.00% | Guaranteed til August | Yes | Review |
| Barclays | 1.00% | $0 min to open | Yes | Review |
| Alliant CU Savings | 0.95% | Join local PTA to qualify | Yes | Review |
| Incredible Bank | 0.93% | $2500 min to open | Yes | Review |
| SFGI Direct Savings | 0.91% | $500 min to open | No | Review |
| OneUnited Bank | 0.90% | $1000 min to open | No | Review |
| ING Direct | 0.90% | $100K or more | No | Review |
| Clear Sky Savings | 0.85% | No fee, $1 to open | No | Review |
The rewards checking accounts of up to $25K will only be listed below with the exception of Consumers Credit Union and INOVA Federal Credit Union. They offer customers a high yield typically up to $25K for meeting certain monthly requirements. They include 10 debit purchases, direct deposit/ACH transfer, and sign up for e-statements. Click on the details for each bank to see all requirements.
| Bank or Credit Union | Rate: APY | 1 Year Earnings | Maximum | Review |
|---|---|---|---|---|
| Consumers Credit Union | 4.09% | $409 | $10k | Review |
| INOVA Federal CU | 3.00% | $600 | $20K | Review |
| ABCO Federal CU | 2.52% | $630 | $25K | Review |
| Provident CU | 2.26% | $565 | $25K | Review |
| Community Bank of Raymore | 2.01% | $502 | $25K | Review |
| Community Bank of Pleasant Hill | 2.01% | $502 | $25K | Review |
| Connexus Credit Union | 2.00% | $500 | $25K | Review |
| Bank of Blue Valley | 2.00% | $500 | $25K | Review |
The American Express Premier Rewards Gold Card is offering 25,000 membership rewards points for spending $2,000 within the first 3 months. The 25,000 bonus membership rewards points can be redeemed for $250 gift cards of your choice. There is no annual fee for the first year, a saving of $175.
No related posts.
{ 2 comments… read them below or add one }
Low interest rates is a punishment for people who save money. People who took huge loan and bought houses they could not afford are now taking a free ride by going foreclosed and not paying mortgage’s/rent worth years, while the people who lived within their means, cut corners and saved are being punished by not getting their moneys worth and paying the hidden tax of low interest rates, their savings are being systematically raped by low interest rates.
Unfortunately, you are collateral damage. The alternative to low interest rates would have been a deeper and longer recession with more unemployment and a greater drop in incomes. Saving is a vital part to any economy, because it spurs investment, (you can’t eat the dollars you save) but letting interest rates spike due to a monetary contraction caused by a banking crisis is the road to disaster. (1929 all over again) To my mind however, the zero risk securities were yielding a lot for many years during the great moderation. The two year note was paying five percent. In this environment you have to actually take on risk to get a nice yield. Many blue chips have a nice dividend with some reasonable chance for capital appreciation. If you are after fixed income, but with a higher yield (and more risk), try emerging market sovereign debt, or high yield corporate bonds (aka “junk bonds”)… There are tons of ETFs and mutual funds out there…. If you simply have a high aversion to risk, try to ride it out for a few years until economic conditions allow the FED to unwind its balance sheet and return to normal monetary policy. Furthermore, be thankful that this whole mess is temporary and there is light at the end of the tunnel. Japan suffered from deflation for years and has basically had to keep its policy rate at zero since 1990! Hopefully, we were be able to tighten monetary policy by late 2014 as the FED has already communicated.