Financial Fellow

Financial Insight for Young Professionals

The Latest Online Savings Account Interest Rates

June 24th, 2009 · No Comments

Written by J.P. Wicklein

     Over the last few weeks top interest rates have dropped.  The largest dip came from Ally Bank (formerly GMAC bank) – a quarter point decline to 2.00%.  Overall, the best online savings rates remain in the 1.5% - 2.0% range.

Online Bank

 APY

Min Opening Balance*

Bank of Internet USA

2.06%

$100

Goldwater Bank

2.03%

$1,500

Ally Bank

2.00%

$1

Beverly National Bank Online

2.00%

$5,000

Ultima Bank Minnesota

1.95%

$1,000

IGoBanking.com

1.91%

$1

AIG Bank

1.91%

$10,000

HSBC Direct

1.55%

$1

ING Direct

1.50%

$1

* Note:  Minimum opening balance required to receive APY.   

Tags: Banks · Interest Rates

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