Online savings account rates are low these days. Right now, the average savings account rate / money market account rate for account balances of $2,500 is only 0.365%. The average savings account / money market rate for account balances of $10,000 is 0.43 percent this week.

• Find Savings Account/Money Market Rates in your Area: Current Rates

The average rate for account balances of $25,000 is .0492 and the average rate for balances of $50,000 is 0.513 percent. You can find rates well above the national average rate. Some banks offer rates 3 or 4 times that national average savings rate. Here is a list of current savings account and money market account rates in New York City:

1. UFB Direct  1.55% APY Min $1
2. Sterling National Bank 1.55% APY Min $2500 - Account can be opened either online or in the branch. New money required. Expires on June 1, 2010.
3. American Express Bank FSB 1.50% APY Min $0
4. Bank of Internet USA  1.50% APY Min $100
5. Capital One Direct Banking  1.45% APY Min $2500
6. Nationwide Bank  1.45% APY Min $2000
7. Ally Bank  1.44% APY Min $1
8. Giantbank.com  1.41% APY Min $1000
9. FNBO DIRECT 1.40% APY Min $1
10. Apple Bank  1.40% APY Min $1

Find the best savings account rates and money market account rates in your zip code: Savings Account Rates and Money Market Account Rates