This is a complete evaluation of banks with the highest interest rates on savings account s. Given the current economic insecurity, interest rates have been lowered from previous levels. The days of 5% and 6% APYs are over. Now the best rates are in the 2 to 3% range. Even though not the best rates, they are better than nothing, which is most likely what your local bank is giving you now. The banks offering the highest interest rates on savings accounts nowadays are those with the least overhead costs, mainly online banks. With dozens of online banks offering various types of savings accounts it can be a tedious task finding the right one for you. Here is a list of some online banks that have the highest interest rates on savings accounts. Everbank has a very attractive first year rate and give a 2.51% three month bonus rate with a 1.77% APY after that for accounts holding up to $50,000. The 2.51% rate is higher than most others and it helps the follow-up rate remain competitive. Everbank has one of the best rates for
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This note was uploaded on 03/06/2010 for the course ECON fin121 taught by Professor Peck during the Fall '10 term at Academy of Design Tampa.