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9/30/15 Deposit Rate Report

By now you have probably heard the Fed didn't increase the fed funds rate this month so deposit rates have mostly remained the same. There is still hope for an increase in October's meeting but a lot will depend on September's employment report due to be released on Friday.

September 30, 2015 Deposit Rate Report

Best Money Market Rates

  • EverBank 0.61% Yield 1.11%
  • Dime 0.20% Yield 1.10%
  • Northeast Bank 1.09% Yield 1.10%
  • iGObanking.com 1.09% Yield 1.09%
  • ableBanking 1.00% Yield 1.00%
  • Sallie Mae Bank 0.90% Yield 0.90%
  • Ally Bank 0.85% Yield 0.85%
  • Synchrony Bank 0.85% Yield 0.85%
  • MyCBB 0.83% Yield 0.83%

Best Savings Rates

  • My Savings Direct 1.09% Yield 1.10%
  • Radius Bank 1.09% Yield 1.10%
  • The Palladian Private Bank 0.90% Yield 1.10%
  • Synchrony Bank 1.04% Yield 1.05%
  • CIT Bank 1.04% Yield 1.05%
  • GE Capital Bank1.04% Yield 1.05%
  • Barclays Bank 1.00% Yield 1.00%
  • iGObanking.com 1.00% Yield 1.00%
  • Ally Bank 1.00% Yield 1.00%
  • Discover Bank 0.95% Yield 0.95%
  • American Express Bank 0.90% Yield 0.90%

Average Deposit Rates

  • Money Market/Savings Min Deposit $10,000 Current Average Rate 0.510%
  • Money Market/Savings Min Deposit $25,000 Current Average Rate 0.600%
  • Money Market/Savings Min Deposit $50,000 Current Average Rate 0.610%

Check on current variable deposit rates at anytime by searching our database at SavingsAccount.MonitorbankRates.com







 
Author: Brian McKay
September 30th, 2015