This Week’s Top Money Market Account Rate at 1.01% APY

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This week's top interest rate on deposit accounts is EverBank's 1.01 percent APY on the bank's Yield Pledge money market account. The bonus rate on this account even higher at 1.40 percent but this rate is only available for the first 6 months (on account balances up to $50,000), making the overall first year's APY 1.01 percent.

The best interest rate on savings accounts this week remains at 0.95 percent from Synchrony Bank (Optimizer +Plus Account) and CIT Bank. This week's average savings rate/money market rate also remains at 0.49 percent. Below are lists of the best money market rates and savings rates this week.



Best Money Market Rates

  • EverBank 1.01% APY

  • Sallie Mae 0.90% APY

  • iGoBanking.com 0.90% APY

  • Ally Bank 0.85% APY

  • Synchrony Bank 0.85% APY

  • Mutual of Omaha Bank 0.85% APY

  • Union Federal Savings Bank 0.85% APY

  • First Internet Bank of Indiana 0.80% APY

  • ableBanking, a division of Northeast Bank 0.80% APY

  • Bank of Internet USA 0.75% APY

  • Discover Bank 0.70% APY

  • EH National Bank 0.70% APY

  • VirtualBank 0.65% APY

  • TIAA Direct 0.60% APY

  • Alostar Bank of Commerce 0.60% APY


Best Savings Rates

  • Synchrony Bank Optimizer +Plus 0.95% APY

  • CIT Bank 0.95% APY

  • GE Capital Bank 0.90% APY

  • Barclays Bank 0.90% APY

  • The Palladian PrivateBank 0.90% APY

  • Ally Bank 0.87% APY

  • Colorado Federal Savings Bank 0.85% APY

  • FNBO Direct 0.85% APY

  • Discover Bank 0.85% APY

  • American Express Bank 0.80% APY

  • Bank of Internet USA 0.61% APY

  • TIAA Direct 0.60% APY

  • First Internet Bank of Indiana 0.60% APY


 
Author: Brian McKay
June 27th, 2014