(http://savingsaccount.monitorbankrates.com) Costco and Capital One Bank have teamed up to offer an online savings account that currently has an annual percentage yield of 1.50 percent. Their online savings account is called “InterestPlus Savings Account”.

In addition to having one of the best savings account rates and yields available, the savings account also has a 10% bonus on interest earned and either a $60 bonus or $20 bonus depending on your Costco membership.

The minimum opening savings account balance is $5,000. You also have to maintain an average savings balance of at least $5,000 to earn the 1.50 APY. Account balances under $5,000 do not earn any interest.

To receive the 10% interest bonus your InterestPlus 0nline savings account must be open and you must maintain an average monthly balance of at least $15,000 in this account every month during the preceding quarter. The bonus is paid into your online savings account within 4-8 weeks after the end of each quarter.

To receive the $60 Costco member bonus, you must be a Costco Executive Member at the time you open your account. To receive the $20 Costco member incentive, you must be a Costco Gold Star or Business Member at the time you open your account.

The other restriction on the member bonus is the account must be your first Capital One Direct Banking account of any kind through the Costco program and you must fund your account with at least $5,000 within 30 days of account opening.

Costco/Capital One Bank Online Savings Account Info: InternetPlus Savings Account.

Savings account rates and money market rates have been very low for the past 18 months, current rates are averaging 0.351 percent for a savings account/money market account with a balance of $2,500.

Savings rates and money market account rates are expected to go higher sometime later this year when the Fed starts raising interest rates.

Looking for Savings Account Rates and Money Market Account Rates? Find the best rates in your area by searching our savings account rate tables. Saving Account Rates/Money Market Rates.

The current average savings/money market account rate for deposits of $10,000 is 0.43 percent. Savings account and money market rates for deposits of $25,000 are at .0494 percent. For account balances of $25,000 the interest rate is .0549 percent.

Although the average savings account rate and money market account rate is less than one percent you can find rates and yields that are higher than one percent. Right now Bank of Internet and Discover Bank both have one of the best savings account rates available, the current savings account rate is 1.59 percent with an APY of 1.60 percent.

Here is a list of the best savings account rates in New York City.

• Bank of Internet USA  1.60% APY Min $100 
• Discover Bank  1.60% APY Min $500
• UFB Direct  1.55% APY Min $1  
• North Fork Bank  1.55% APY Min $2500
• American Express Bank FSB 1.50% APY Min $ 1
• Nationwide Bank  1.50% APY Min $2000     
• Ally Bank  1.49% APY Min $ 1   
• Giantbank.com  1.41% APY Min $1000   
• FNBO DIRECT 1.40% APY Min $ 1     
• Apple Bank  1.40% APY Min $ 1 
• HSBC Direct 1.35% APY Min $ 1         
• EverBank 1.26% APY Min $ 1
• ING DIRECT  1.25% APY Min $ 1 
• First Internet Bank of IN  1.25% APY Min $100    
• Zions Bank  1.25% APY Min $2500
• Broadway National Bank  1.25% APY Min $1000    
• Allstate Bank  1.20% APY Min $100     
• EmigrantDirect.com  1.20% APY Min $ 1   
• Maspeth Federal S&L  1.20% APY Min $250     
• Intervest National Bank  1.15% APY Min $500      
• Ridgewood Savings Bank  1.02% APY Min $ 1    
• OneUnited Bank  1.01% APY Min $1000
• AARP Financial Savings Center  1.00% APY Min $ 1     
• Emigrant Savings Bank  1.00% APY Min $100   
• Marathon National Bank  1.00% APY Min $2500     
• Cross County Federal Savings  1.00% APY Min $2500

Find the Best Savings Account Rates in your area by searching our savings account rate tables. Best Saving Account Rates.

Bank of Internet is advertising one of the highest savings account rates available these days. Bank of Internet has three different savings accounts and each has a different savings account rate and yield.

The savings accounts include their “High Yield Savings Account,” “Money Market Savings Account” and “Advantage Savings Account.”

The best yielding savings account is their High Yield Savings Account, the current annual percentage yield is 1.65%. Next in line for the best yield is their Money Market Savings Account which currently has an APY of 1.60% and the bank’s Advantage Savings Account has an APY of 1.55%. Bank of Internet is also offering some of the best CD rates available today.

Each savings account has different features and benefits. There are no fees or minimum balance requirements for all three accounts. Savings accounts are insured by the Federal Deposit Insurance Corporation up to $250,000. Bank of Internet’s FDIC CERT number is 35546.

Savings account rates are not expected to be much higher during the first six months of 2010 but will probably go higher later in the year if the economic recovery stays on track and the Fed raises interest rates.

The current average savings account rate for deposits of $2,500 is 0.36 percent. Savings account rates for deposits of $10,000 are at .044 percent. For account balances of $25,000 the savings rate is .051 percent and for savings account balances of $50,000 the rate is 0.56 percent.

Although the average savings account rate is less than one percent you can find rates and yields that are higher than one percent. Bank of Internet USA tops our savings table list with an 1.65 percent annual percentage yield (APY).

Here is a list of Savings Account Yields above 1.00 percent in Atlanta, Georgia:

• Bank of Internet USA  1.65% 
• UFB Direct  1.60%
• Discover Bank  1.60% 
• Salem Five Direct  1.55%
• EverBank 1.51%
• Ally Bank  1.50%
• Nationwide Bank  1.50%
• Giantbank.com  1.46%
• FNBO Direct  1.40%
• HSBC Direct 1.35%
• ING DIRECT  1.30%
• Allstate Bank  1.30%
• First Internet Bank of IN  1.25%
• Zions Bank  1.25%
• EmigrantDirect.com  1.20%
• Citibank  1.01%
• OneUnited Bank  1.01%
• AARP Financial Savings Center  1.00%

Serach for the best savings account rates in your zip code by using the savings rate tables on MonitorBankRates.com here:  Best Savings Account Rates

The national average savings account rate/money market account rate for account balances of $2,500 is only 0.364% this week but you can find savings account rates well above the national average. We did a search for rates in Miami, Florida and generated this list of the top 10 savings account rates and yields.

Top 10 Savings Account Rates and Yields

• Discover Bank 1.75% APY - $500 Minimum
• Bank of Internet USA 1.65% APY - $100 Minimum
• UFB Direct 1.60% APY - $1.00 Minimum
• Salem Five Direct 1.55% APY - $1.00 Minimum
• EverBank 1.51% APY - $1.00 Minimum
• Ally Bank 1.50% APY - $1.00 Minimum
• Nationwide Bank 1.50% APY - $2,000 Minimum
• GiantBank.com 1.46% APY - $1,000 Minimum
• FNBO Direct 1.40% APY - $1.00 Minimum
• HSBC Direct 1.35% APY - $1.00 Minimum

Search for the best savings rates and money market account rates in your zip code here: Best Savings Account Rates - Money Market Rates