bank rates

More Of The Same From Savings Rates

Savings rates aren’t moving. At all.

For the past two months, the best offer available nationwide has paid 1.05% APY, and that’s for balances of $25,000 or more.

You’ll get that rate from CIT Bank (www.bankoncit.com) if you keep at least $25,000 in your account. It only takes a $100 deposit to open an account, but if your balance is below $25,000, you’ll earn 0.90% APY.

The bank is a division of New York-based CIT Group. The company provides lending, leasing and advisory services to small- and medium-size businesses.

If you plan to keep a lower amount in your savings account, two banks now pay 1.00% APY:

Barclays (www.banking.barclaysus.com), which pays that rate for its Online Savings account. It has no minimum balance requirement to open the account or earn interest, and there are no monthly fees. The bank is part of Barclays Bank PLC of London. Its U.S. operations are based in Wilmington, Del.

Salem Five Direct (www.salemfivedirect.com), which has boosted the rate back to 1.00% APY on its eOne Savings account after dropping it down in June. It takes a $100 minimum deposit to open an account, but there is no minimum balance requirement to earn interest, and the account has no fees.

You must open the account online and cannot have an existing savings or checking account — other than an eOne Checking account — with the bank. Salem Five Direct is the online division of Salem Five Cents Savings Bank in Salem, Mass.

You’ll find a number of money market accounts that pay as well or better. EverBank offers the best nationally available MMA at 1.25% APY. But that rate is guaranteed for just six months, after which you’ll earn the standard rate, currently 0.76% APY.

You can check how these rates compare to the best savings and money market account rates from our extensive database of banks.

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