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High Yield Savings Accounts in New York: Highest Rate 1.49%

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Right now Tennessee Commerce Bank has the highest yield savings account on our list in New York. Tennessee Commerce Bank's savings rate is 1.49% with an APY of 1.50%. You must have a checking account with the bank in order to earn the rate and yield. That rate is almost seven times the national average rate of .022% as reported by MonitorBankRates.com.

The second best savings rate on our list is another "rewards" savings account. Salem Five Direct is offering a rate of 1.24% with an APY of 1.25%.  The minimum opening deposit for a savings account at Salem Five Direct is only $1.



If you're not interested in opening a checking account to get a higher yield Sterling National Bank is offering rates at 1.20% with an APY of 1.21%. The minimum opening deposit for a savings account at Sterling National is $2,500.

The fourth highest rate on our list in New York is from three different banks. American Express Bank, Discover Bank and Sallie Mae Bank are all offering account rates at 1.14% with an APY of 1.15%.

Rounding out the top 5 savings rates in New York is Flagstar Bank. The bank is currently offering rates at 1.10% with an APY of 1.11%.

Find the highest savings yields in our state by using our rate tables at SavingsAccount.MonitorBankRates.com.
 
Author: Lisa Graham
May 6th, 2011