EverBank of Jacksonville, Florida, is offering a money market account ( ”Yield Pledge Money Market Account”) that currently has an annual percentage Yield (APY) of 2.51% for the first three months.

The 3 month “Bonus Interest Rate” period APY on the money market account is for the first $50,000 deposited, balances over $50,000 currently earn an APY of 1.50%.

The rate and yield on the first $50,000 will remain fixed for the first three months. In other words, the account rate and yield are guaranteed. For money market account balances over $50,000 the rate is a variable rate.

If you combine the 2.51% 3 month bonus savings account period and the current account APY after the bonus period has ended, the first year’s APY is 1.77%. EverBank refers to this as the “New Account First-Year APY”. The first year APY can change because after the first 3 months the rate isn’t guaranteed.

The minimum opening money market account balance is $1,500. There is an $8.95 monthly charge for accounts under $5,000, so be sure to keep at least $5,000 in the account if you decide to act on this promotional savings rate. If you don’t, the charge will effectively lower the APY on the account.

Deposit accounts at EverBank have been insured by the FDIC since October 1998. The account is FDIC insured up to $250,000. EverBank’s FDIC Cert number is 34775. Accounts can be opened online or by calling EverBank at 888.882.EVER (3837). EverBank High Yield Money Market Account Application.

In addition to deposit products including money market accounts and certificate of deposit accounts, EverBank also offers home financing products. EverBank’s current conforming fixed 30 year mortgage rates are under 5.00% at 4.875 percent.

Capital One Direct, the banking arm of the credit card company Captial One is offering an online savings account promotional bonus of $25.00.

To qualify for the promo bonus, you first must open your online savings account or money market account with Capital One Direct and deposit at least $10,000 by November 25, 2009 to receive a $25.00 promotional bonus.

When you open the money market account or online savings account you must use promotional offer code SAVER25DF. The savings account or money market account must be your first account with Capital One Direct Banking. The account you open must also remain open for 4-8 weeks after November 25, 2009 and during this time the $25 promo bonus will be deposited into your account.

The online savings account rate is very competitive with other savings account rates available today. The savings rate is also competitive with 12 month CD rates available these days.  The annual percentage yield is currently 1.60% for account balances of $10,000 or more. Savings account balances of less than $10,000 receive an annual percentage yield of 0.60%.

Capital One Direct Bank Online Savings Account Bonus

SFGI Direct, the online banking division of Summit Community Bank, is offering a high yield savings account that currently has an annual percentage yield of 2.25 percent.

The minimum opening account balance for the online savings account is only $500. There is also a maximum savings account opening balance of $25,000.

Considering the national average savings account rate is only 0.390 percent for account balances of $2,500 an annual percentage yield of 2.25 percent is a really good deal. SFGI Direct savings accounts are opened online and funded through an electronic deposit, you can’t use paper checks at this time to fund the savings account.

SFGI Direct only offers individual savings accounts or joint savings accounts. The bank doesn’t offer business savings accounts or Individual Retirement Accounts. SFGI Direct Online Savings Account Application.

American Express Bank, the banking arm of the credit card company American Express, is offering a personal high yield savings account that currently has an annual percentage yield of 1.85 percent.

Interest earned on the high yield savings account is compounded daily and credited to your account monthly. American Express Bank is also offering some of the best CD rates available these days.

During the credit crisis of late last year American Express along with other financial institutions including Morgan Stanley and Goldman Sachs became bank bank holding companies regulated by the Federal Reserve. The main reason to become bank holding companies was to be able to collect deposits since the credit markets weren’t functioning during the crisis.

Savings account balances are insured by the Federal Deposit Insurance Corporation for up to $250,000. Since savings accounts are variable rate accounts, the 1.85 annual percentgage yield can change at anytime. As with all savings accounts you are limited to six withdrawals per calendar month.

Webster Bank is offering a special promotional savings account that currently has an annual percentage yield of 1.75 percent.

The “Premier Savings Account” has a minimum opening balance requirement of $5,000. The funds deposited must be “new money”, money not currently with Webster Bank. The savings account has to be opened by September 30, 2009.

The Premier Savings Account annual percentage yield will stay fixed at 1.75 percent until November 30, 2009. As with all variable savings accounts the rate and yield can change at any time after November 30.  A Premier Checking Account is also required to receive the great interest rate on the savings account.

Webster Bank has been around since 1935 and has branch locations in Connecticut, Massachusetts, Rhode Island and New York. To open the Premier Savings Account you can either call 1-800-4webster or print this coupon: Premier Savings Account

UFB Direct is offering one of the highest yielding online savings account available these days.  The current annual percentage rate is 1.98 percent and the current annual percentage yield is 2.00 percent. The minimum opening deposit is $1.00.

Find the best savings account rates in your area by searching our savings rate tables here: Savings Account Rate Tables

The minimum monthly balance required to earn this high yield is also only $1.00. The bank also guarantees the rate you receive will be within the top 10 percent of competitive accounts. Savings accounts are insured by the FDIC for up to $250,000 until December 31, 2013.

The national average rate for a money market account/savings account is a lot lower, the current average rate is 0.47 percent for accounts up to $2,500. For money market/savings account balances up to $5,000 the current average savings rate is 0.54 percent.  One-year CD ratescan be found for a rate similar to UFB Direct’s savings account if you want to lock the rate in.

UFB Direct US Savings Account

Redneck Bank, the Internet Banking Division of Bank of the Wichitas based in Snyder Oklahoma, is offering their Mega Money Market Account that currently has an annual percentage yield of 2.00 percent which is higher than most 12-month CD rates these days.

The high yield money market account of 2.00 percent is for account balances of up to $35,000. Money market account balances of more than $35,000 receive an annual percentage yield of 1.00 percent.

The Mega Money Market Account yield is higher than the national average money market account or savings account rate. Currently the national average rate is for account balances of $25,000 is 0.622 percent.

Redneck Bank not only offers a high yield on their money market account there website is hilarious. The bank’s motto is “Where Bankin’s Funnier” The bank also is offering a high yield checking account with an annual percentage yield of 4.00 percent. Like all rewards checking accounts there are monthly minimum transcations you have to do to earn the high yield.

Redneckbank.com

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

Bank of America is offering an introductory savings rate of 1.50 percent for their Money Market Savings Account. The savings account rate stays the same until January 4, 2010 for the opening balance and any additional money you deposit into the money market savings account. The minimum savings account opening balance is $10,000.

Compare Savings Account Rates from Several Banks in your area here: Savings Account Rate Table

To qualify for this money market saving rate that locks in just like a certificate of deposit you must have a Bank of America Personal Checking Account.  The savings account rate is also higher than most CD rates for the six month period you receive the promo rate. The money market rate applies to account balances between $10,000 and $250,000. There is also a limit of one promotional savings account rate per customer.

After January 4, 2010, the “Introductory Rate Money Market Savings Account” will automatically convert to a “Growth Money Market Savings Account” that has a variable rate. The Growth Money Market Savings Account has a tiered rate for account balances.  The current rate is 1.09 percent for savings account balances up to $25,000 with a BofA checking account.

When we first reported on BofA’s promo savings account back in April 09 the promo rate was 2.50 percent.

Wilshire State Bank of Los Angeles, California with bank branches in California and in three other states including New York, New Jersey and Texas is offering their “Rainbow” savings account.

The savings account is a savings installment plan which allows you to set aside a fix sum each month.

What makes this interest savings account - savings plan attractive is the rates. The rate on this high yield savings is tiered, the savings account currently has an annual percentage yield of 4.34 percent, one of the best savings rates around.

To earn this high yield you’ll have to do more than just deposit your money. The APY you receive depends on the amount of monthly payments you make and the time period you select.

Another good thing about this savings account is the rate is fixed until the maturity date you select. In fact, this account is also like a certificate of deposit account which has one of the highest CD rates around.

The monthly transaction limits and requirements posted on the bank’s website.

• One installment payment must be deposited into account on a monthly basis based on the installment contract with the bank. Any delays in monthly deposits past the deposit cycle date will reduce both the interest and the maturity withdrawal amount
• Failure to make three (3) consecutive monthly installments or 
   cancellation of automatic transfers from a WSB deposit account results in either closure of account or transfer to a Regular Savings Account
• A $10.00 fee will be applied for every deposit in excess of three (3) 
  within a quarterly cycle

 Find out more at Wilshire State Bank Rainbow Savings Account