Online banks, traditional banks, credit unions and prepaid debit cards offer the highest rates on savings accounts, claims Forbes. Savings accounts usually offer lower returns than riskier alternatives, such as stocks or bonds, reports the Houston Chronicle.
Bankrate publishes a list of the savings accounts offered by banks that have the highest interest rates. As of July 30, 2015, Synchrony Bank's interest rate of 1.05 percent is the highest rate on a savings account without minimum deposit. Credit unions tend to have high-yield savings accounts, recom
Emigrant Bank, GE Capital Bank, Barclays Bank Delaware and Ally Bank are some banks that offer the highest interest on savings accounts, as of 2015. Other features include no fees and no minimum required amounts.
To find the highest savings rate, compare rates with multiple banks and be on the lookout for hidden fees, advises Ally.com. Compare online banks to traditional brick-and-mortar establishments to determine which has the best rates to offer.
As of June 2015, personal savings account interest rates are averaging 1 percent per year, according to MoneyRates.com. This means that an individual receives 1 percent of the total he has deposited in a particular account for the entire year.
Consumers seeking the best interest rates on bank savings accounts should look at banks offering online savings accounts. Although annual percentage yield earnings on savings account deposits change frequently, on average, online savings accounts outperform traditional accounts offered at brick-and-
Savings account interest rates can vary from very low rates at banks, which may have rates as low as 0.01 percent, to higher-yield accounts at online banks, which can be as high as 1.10 percent. Some local credit unions offer significantly higher interest rates on savings accounts, although membersh
You can find the current interest rate for ING savings accounts by visiting the ING website at INGDirect.com.au, and clicking on the Savings tab on the menu. Once you are on the Savings page, the current interest rate for each savings account type is displayed.
There are several online surveys of savings interest rates, and one of the easiest to use is from Bankrate.com. Go to the Bankrate website, select the Bank Rates tab, and click on Checking & Savings. Select the MMA and Savings option for either national or local banks.
As of 2015, the average savings account rate is 0.17 percent, according to U.S. News and World Reports. However, consumers who shop around are often able to find opportunities to earn more on their savings.