Savings Account & MMA Rates
CD (Certificate of Deposit) RatesLess than two weeks ago we scoured the country to find the top-paying savings accounts.
But three of the five rates have already been cut, including the top two.
That sent us back to work and we’re pleased to report that we’ve found four new deals that are actually better than the ones they replace.
These offers clearly come with no guarantees. Savings account rates are variable and can change tomorrow — or not until next year.
Yet they offer a better return than the top-paying 3-month CDs, and all but the very best 6-month CDs.
The top rates on nationally available savings accounts now are:
1.75% APY with a $25,000 minimum deposit from Franklin Synergy Bank, which has two branches in Franklin, Tenn.
1.70% APY with a $10,000 minimum deposit from The Palladian Private Bank, which is based in Chicago and has 34 locations in 10 states.
1.55% APY with a $1 minimum deposit from UFB Direct, an online affiliate of Waterfield Bank, which has a couple of full-service offices in Carmel, Ind., and Germantown, Md.
1.55% APY with a $1 minimum deposit from Chesapeake Bank, with a single branch in Williamsburg, Va.
Most money markets currently pay less than savings accounts, with one notable exception: the Mega Money Market Account pays 2.00% APY and is available from three jointly owned banks in Oklahoma.
Compare these rates with the best savings rates from scores of other banks in our extensive database.
(6 votes, average: 3.83 out of 5)
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