Here is a list of the top 10 online savings account rates and money market account rates on our rate tables:

1. Bank of Internet USA 1.50% APY Min $100
2. BancorpSouth  1.50% APY Min $1 1.50% APY Min $ 1 Transfer at least $50 (total) into this account via ACH or Internet Banking, also combine Performance Savings and Performance Checking account statements into one statement. Balances over $30K get Non bonus Performance Savings rate 0.15% APY
3. Capital One Direct Banking 1.40% APY Min $2500 10% bonus on interest earned
4. Nationwide Bank 1.35% APY Min $2000
5. Discover Bank 1.35% APY Min $500
6. American Express Bank FSB 1.30% APY Min $0
7. Ally Bank 1.30% APY Min $1
8. Giantbank.com 1.26% APY Min $1000
9. EverBank 1.26% APY Min $1
10. FNBO DIRECT 1.25% APY Min $1

Search our savings rate/money market rate tables to find the best rates in your area. SavingsAccount.MonitorBankRates.com

Capital One is offering a savings account that currently has a rate of 1.39 percent and an annual percentage yield of 1.40 percent. The interest rate isn’t the highest savings rate around but still beats the national average rate.  The minimum balance to earn the 1.40 APY is $2,500.

Capital One Direct Banking, which is the online banking arm of Capital One, is also offering a 10 percent savings bonus on the interest earned on the account.  If you earn $100 in interest for a quarter the bonus comes to an additional $10.

Requirements for the 10% Bonus:

To receive the bonus you must either maintain an average monthly balance of at least $15,000 every month of the previous quarter, or you must be an owner of an active Capital One Credit Card in good standing (not restricted, not over limit, not past due), with at least one transaction per calendar month.

Capital One Bank is also advertising a high yield money market account that currenlty has an APY of 1.10%, a Rewards Money Market account with an APY of 1.01 percent and a business money market account with an APY of 1.01 percent.

For more information on Capital One Bank’s Savings Account visit: Capital One.

HSBC Advance, the online banking division of HSBC formerly known as HSBC Direct, is offering an online savings account rate that is more than double the national average savings account rate. The bank’s current savings account rate is 1.24 percent with an annual percentage yield of 1.25 percent.

Looking for Savings Account Rates? Search our interest rate tables here: MonitorBankRates.com/Savings.

HSBC doesn’t have the best online savings account rate but the rate is certainly competitive. The national average savings account/money market account rate is around .53 percent for account balances of $10,000 or more.

The minimum opening account deposit for HSBC’s high yield savings is only $1.00. Online savings accounts are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor per account.

HSBC Advance online savings account: HSBC Advance Online Savings Account.

WTDirect, the online banking arm of Wilmington Trust Federal Savings Bank is advertising a competitive savings account rate that is more than double the national average savings account/money market account rate.

WTDirect’s online savings account rate is currently at 1.25 percent with an annual percentage yield (APY) of 1.26 percent. Their savings rate is consistantly in the top 5% of U.S. banks.

There is no minimum deposit to open the savings account. The current savings account rate and yield is for account balances of any amount for the first two months. After the initial two month period only, account balances of $10,00o or more earn the 1.25% APY.

WT Direct Online Savings Account Benefits:

• There are no account fees.
• There is no minimum deposit to open the account.
• FDIC insurance for up to $250,000 per depositor with Wilmington Trust FSB.
• Free PDA banking - you can access your account from an iPhone, Blackberry or other mobile device.

WTDirect Online Savings Account: WT Direct.

Acacia Federal Savings Bank, a subsidiary of the Acacia Life Insurance Company based in Falls Church, VA, is offering competitive rates for their savings account. The Sensible Savings Account rate and savings account yield are both currently at 1.00 percent.

While the 1.00 percent interest rate isn’t the highest rate around, it’s more than double the national average savings rate. The bank also offers certificates of deposit in CD terms of 3 months to 60 months and a money market account that has tiered money market account rates.

Savings Account Features:

• Free automatic account transfers.
• Low initial deposit
• There are no monthly maintenance fees.
• 24/7 account information access.

Acacia Federal has been operating in the Washington DC Metro area since it opened in March 1985. All deposit accounts are insured by the Federal Deposit Insurance Corporation for up to $250,000 per account per depositor.

Sallie Mae, which provides federal and private student loans for students and their parents has just started offering retail banking products. Their deposit products which are being offered through Sallie Mae Bank include a savings account and three different certificate of deposit terms.

Looking for a list of current savings account rates? Search our savings account rate tables: Savings Account Rates.

Their new online ” High Yield Savings Account” (HYSA) currently has a savings rate of 1.34% with an annual percentage yield (APY) of 1.35%. That online savings account rate isn’t the highest online saving rate around but it is over three times the national average savings account rate of 0.42 percent (savings account/money market account balances of $10,000).

High Yield Savings Account Details:

• The high yield savings account is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor per account.
• Interest is compounded daily and credited monthly.
• Direct Deposit can be set up.
• Federal regulation for savings accounts mandates a maximum of 6 withdrawals per statement cycle.
• There is a $10 charge per withdrawal transaction for withdrawals beyond the allotted six per statement cycle.
  There is a $5 fee for all deposits that are returned. This includes all deposits, electronic transfers and checks, returned due to insufficient funds or funds that are not collectible.
• You receive a statement for each month there is a deposit or withdrawal on the account, otherwise you receive a statement quarterly.
• There is a $5 charge for getting a copy of your statement  mailed to you.
• You can link external bank accounts to the Sallie Mae savings account.

Current Sallie Mae Bank High Yield Savings Account Rate: Sallie Mae Savings Account