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Average Savings Rates on Accounts in Florida

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Average rates on savings interest accounts in the State of Florida are low right now and haven't gone higher even though bond yields and mortgage rates have risen the past two months. The average savings interest rate is 0.25 percent on account balances of at least $2,500. You can get rates higher than the national average. Right now on our rate table the highest rate in Florida are from American Express Bank and Sallie Mae Bank. Both banks are offering rate of 1.29 percent and a yield of 1.30 percent on their online accounts.

Discover Bank is currently offering the second best savings rate on our Florida rate list. Discover Bank's current account rate on their Online Savings deposit account is 1.24 percent with a yield of 1.25 percent. 

BankcorpSouth also has the same account rate and yield on our rate list for Florida but BankcorpSouth's account has monthly transactions that have to be doen each month to receive the account rate and yeild.

The third best rate on savings interest accounts goes to WTDirect. Their current rate is 1.20 percent with a yeild of 1.21 percent. 

Florida Average Savings Rates on Accounts

  • American Express Bank Rates 1.29% Yields 1.30% Min $ 0 

  • Sallie Mae Rates 1.29% Yields 1.30% Min $ 1 

  • Discover Bank Rates 1.24% Yields 1.25% Min $500 

  • BancorpSouth Rates 1.24% Yields 1.25% Min $ 1 : Transfer at least $50 (total) into this account via ACH or Internet Banking, also combine Performance Savings and Performance Checking account statements into one statement. Balances over $30K get Non bonus Performance Savings rate 0.15% APY.

  • WTDirect Rates 1.20% Yields 1.21% Min $10,000 

  • Zions Bank Rates 1.10% Yields 1.11% Min $1000 

  • FNBO DIRECT Rates 1.09$ Yields 1.10% Min $ 1 

  • ING DIRECT Rates 1.09% Yields 1.10% Min $ 1 

  • Nationwide Bank Rates 1.09% Yields 1.10% Min $10,000 

  • Salem Five Direct Rates 1.09% Yields 1.10% Min $ 1 Must have a checking account.

  • Ally Bank Rates 1.08% Yields 1.09% Min $ 1 

  • EverBank Rates 1.05% Yields 1.06% Min $ 1 

  • Flagstar Bank Rates 1.05% Yields 1.06% Min $ 1

Author: Lisa Graham
January 5th, 2011