bank rates

5 Banks Offer Top Savings Account Rates

The top nationally available savings rate is 1.10% APY.Keeping an eye on savings account rates is like following a moving target.

In the past several weeks, the best nationally available savings account has changed hands repeatedly as banks have cut rates or stopped accepting new accounts.

Now the best nationwide deals are paying 1.10% APY, and you have your choice among five banks.

The tie at the top is the result of a rate cut by CNBBankDirect (, which dropped its rate from 1.15% APY to 1.05% APY and dropped out of the top spot.

The banks paying 1.10% APY are:

Discover Bank (, which has a $500 minimum deposit. It’s the bank owned by the credit card company and based in Greenwood, Del.

airbanking (, which has a $50 minimum deposit. It’s the online division of Mainstreet Bank in Herndon, Va.

Clear Sky Accounts (, which also has no minimum deposit requirement. This is the online division of Chesapeake Bank of Williamsburg, Va., with 11 branches in Virginia.

Colorado Federal Savings Bank (, which has a $2,500 minimum deposit. The online bank is based in Greenwood Village, Colo.

Sallie Mae Bank (, which has no minimum deposit requirements. The bank is owned by the student loan company and based in Salt Lake City.

You’ll find slightly higher rates with the top nationally available money market accounts. AmTrust Direct ( and My Banking Direct ( are both paying 1.25% APY.

Banks qualify for our rankings by imposing no restrictions on who can open an account.

You can see how these offerings compare to the best money market and savings account rates from scores of banks in our database.

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