ShoreBank Direct, the online banking division of ShoreBank, is offering an online savings account that currently has an interest rate of 2.13 percent and an annual percentage yield ( APY) of 2.15 percent, one of the highest online savings account rates available today.
The current national average rate for savings account/money market account is around .50 percent, getting a rate over four times the national average savings rates is an excellent deal.
The high yield savings account rate of 2.15 percent is as of July 28, 2009. Since savings account are variable rate accounts the savings account interest rate and yield can change at anytime. A minimum balance of $1.00 is required to open a savings account and to obtain the savings rate.
ShoreBank Direct Online Savings Account
MonitorBankRates.com has Money Market Account/Savings Account rate tables you can use to find high yield accounts in your zip code.
Money Market Account/Savings Account Rate Tables Here
We also have rate tables for finding the best CD rates and best mortgage rates in your area.
CD Rate Table
Mortgage Rate Table
Author: Lisa Graham
August 27th, 2009
