The best nationally available savings account pays just 1% APY.
So the best advice we can give to anyone looking for a liquid account is to go with the top nationally available money market accounts.
You could also look local.
There are nine local deals we’ve highlighted in 2013 that are still available.
Many of these deals come from banks and credit unions that offer Kasasa-branded accounts. That’s the program that requires customers to open both a checking and savings account and places requirements — like a minimum number of debit card swipes each month — in exchange for high interest rates.
The very top rates we’ve found? 1.51% APY for savings, 3.01% APY for checking. One thing to note: Top rates are often paid only on the first $10,000 to $15,000 in your account.
Here are the deals:
- German American State Bank in Illinois (www.germanamericanstatebank.com) pays 2.51% APY (down from 3.01% APY when we first published this deal) on balances to $10,000 with its Kasasa Cash account, a checking account, and 1.00% APY on balances to $20,000 with its Kasasa Saver account.
- Roundbank in Minnesota (www.roundbank.com) pays 1.11% APY on its Kasasa Saver accounts for balances to $25,000. Its Kasasa Cash rewards checking account pays 3.01% APY on balances to $10,000.
- American Trust & Savings Bank in Iowa (www.americantrust.com) pays 1.51% APY on balances to $15,000 on a REWARDSavings account that’s paired with a REWARDSChecking account, which pays 3.01% APY on balances to $15,000.
- Washington Savings Bank in Massachusetts (www.washingtonsavings.com) pays 1.51% APY on balances to $15,000 with its Saver Rewards account. The Interest Rewards Checking account pays 3.01% APY on balances to $10,000.
- Coulee Bank in Wisconsin (www.couleebank.net) pays 1.00% APY on balances to $15,000 with a Kasasa Saver account and 2.55% APY on balances up to $15,000 on its Kasasa Cash rewards checking account.
- Atlas Bank in New York (www.atlasbank.com) pays 1.06% APY (up from 1.01% APY when we published the initial offer) if you have $100 or more in your savings account, and there are no special conditions attached to the account.
- Gulf Coast Federal Credit Union in Texas (www.ccgcfcu.com) offers tiered savings rates of 0.95% APY to 1.10% APY, depending on how much money you have on deposit.
- Putnam Bank in Connecticut (www.putnambank.com) pays 1.00% APY on its Success Saver account and 3.01% APY on its Success Checking account. Both accounts have $9,999 cap for earning the top rate.
- Trailhead Federal Credit Union in Portland, Oregon, (www.trailheadcu.org) pays 1.50% APY on its Kasasa Saver account on balances to $15,000. Its Kasasa Cash account pays 3.00% APY on balances to $15,000.