Living Frugal
Best Savings Account Rates
You're a hard worker, living on a budget and deserve the best savings account rates that are available. Make the banks compete for your money, don't just settle for the local bank interest rate. Do your research and find the best savings account rates out there.
When researching, read the fine print and make sure the rate being offered is not just an introductory rate but a long term rate.
Before you put your money anywhere, make absolutely sure the bank is covered by FDIC insurance and that your deposits are within the $250000 insurance limit that the FDIC covers. (Beware - multiple accounts at the same bank may count toward the FDIC coverage limit - check it out before opening multiple accounts at the same bank).
The winner for the month for the best savings account interest rates is:
- MMA Account with an APY of 1.01%. There is an intro rate of 1.25% for the first six months. The minimum amount to open is $1500.00 and a $5000.00 balance to avoid monthly fees of $8.95.
Next in line for the best savings account interest rates for the month is:
- Savings Account with an APY of 1.00%. The minimum amount to open is $25,000.00. There are no monthly fees or check writing fees.
- MMA Account with an APY of .90%. There is no minimum amount to open or any monthly fees. There is a notation of a check writing fee.
- Savings Account with an APY of .90%. There is no minimum amount to open or monthly fees. There is no check writing fee.
- MMA Account with an APY of .76%. The minimum amount to open is $1,000.00 and the minimum balance is $1,000.00 to avoid fees. The monthly fees are $8.00 and a notation of check writing fees.
- MMA Account with an APY of .45%. The minimum amount to open is 5,000.00 and there is no minimum balance or notation of monthly fees or check writing fees.
