1. UFB Direct Airline Rewards Savings – 1.30%APY. This is a regular savings requiring $100 minimum to open with no monthly fee.

2. Alliant High Yield Savings – 1.15%APY. This is a regular savings issued by Alliant Credit Union. Only $5 minimum is required to open and there is no monthly fee.

3. SmartyPig Savings Account -  1.10%APY. A regular savings that requires $25 minimum to open with 0 monthly fee.

4. CNBBankDirect High Yield Savings Account – 1.05%%APY. Only $1 minimum is required to open and no monthly fee for this regular savings account.

5. Clear Sky Accounts Clear Sky Savings Account – 1.04%APY. Same thing with CNBBankDirect high yield savings account offer, this regular savings only requires $1 minimum to open with no monthly fee.

6. State Farm Federal Credit Union Share Savings – 1.01%APY. This requires $5 minimum with no monthly fee.

7. Discover Online Savings – 1.00%APY. For this high yield savings, Discover requires at least $500 minimum to open, but there is no monthly fee. Discover’s Refer-A-Friend Bonus for its savings account promotion has already expired.

8. American Express High Yield Savings Account – 1.00%APY. American Express does not require a minimum amount to open and charges no monthly fee.

9. Colorado Federal Savings Bank Online Savings Account, First Trade Union Bank High and Mighty Savings and ING Direct Orange Savings Account all offer a savings rate of 0.90%APY. Colorado Federal Savings Bank and First Trade Union Bank both requires $2,500 minimum amount to open, but while Colorado Federal Savings Bank charges no monthly fee, First Trade Union Bank charges $2.50 monthly fee, which can be waived. ING Direct requires nothing for opening an account.

10. Aurora Bank Statement Savings Account – 0.87%APY. Aurora Bank requires at least $500 minimum to open and charges $5 monthly fee. However, the monthly can be waived if you maintain an average balance of $500 or more each month.

Compare the above with the saving account rates for October 2011. It shows UFB Direct Airline Rewards Savings maintaining its savings account rate at 1.30%APY. You can also compare the above with the high yield savings rates offered in July 2011, which shows Discover offering a saving account rate of 1.15%APY. Take a look at the May 2011 saving account rates or the high yield online savings accounts offered in March 2011 and you will see the drop in saving account rates.

So, how will this affect your savings goal?

Related posts:

1. High Yield Saving Accounts for October 2011
2. Alliant Credit Union high yield savings at 2.00%APY
3. High Yield Savings Rate for July 2011

Here are the top five banks that offer high yield online savings accounts for October 2011. Choose the bank that fits your goal and interest.

1. UFB Direct Airline Rewards Savings – 1.30%APY. Minimum to open is $100 with zero monthly fee. Interest is calculated daily but paid montly. Account is covered with FDIC insurance up to $250,000
2. Incrediblebank Incredible Money Market Account – 1.25%APY. Requires $2,500 minimum to open with a $10 monthly fee. Interest is calculated and paid monthly. Account is covered with FDIC insurance up to $250,000.
3. SmartyPig Savings Account – 1.10%APY.  Only $25 is required to open with no minimum balance. Interest is calculated and paid monthly. Account is covered with FDIC insurance up to $250,000.
4. CNB Bank High Yield Savings Account – 1.05%APY. Only $1 minimum to open with no monthly fee. Interest is calculated and paid monthly and account is covered with FDIC insurance up to $250,000.
5. First Trade Union Bank – 1.05%APY. Requires $2,500 minimum to open with $2.50 monthly fee which may be waived. Interest is calculated and paid monthly. Also, account is covered with FDIC insurance up to $250,000.

The above high yield saving accounts for October 2011 are available online. Compare these saving accounts that are high yield with the high yield savings rate offered in July this year.

Related posts:

1. High yield online savings accounts March 2011
2. Best High Yield Savings Accounts, May 2011
3. High Yield Savings Rate November 2011

1. Open a new convenience checking account online or in any of TCF’s branch locations; and

2. The new opened checking account must have a total of 10 qualifying transactions posted to the account within 60 calendar days of account opening.

There is no minimum balance and no monthly maintenance fee with a TCF checking account provided you have:

1. $500 or more in qualifying deposits, or

2. 10 qualifying withdrawals in 30 days, or

3. $2,500 minimum in combined balances.

Qualifying transactions are paid bill payments, paid ACH payments, check card purchases and paid checks. After you have been found qualified, the $100 cash bonus will be credited to your account within 3 business days following the date you meet the qualifying circumstances.

Please note that this offer is open to individuals and small businesses without a TCF checking account in the past 90 days. So, if you have one within those 90 days then you are not qualified. Only $25 is required by the bank to open a personal non-interest bearing checking account and $100 for business non-interest bearing checking account.

The TCF Bank Checking Challenge expires September 30, 2011 so you better hurry if you want to avail of the $100 free cash.

If interested, you can also check promotions from other banks like Chase and PNC.

Related posts:

1. Get up to $215 cash when you open a new personal checking account with HomeStreet Bank
2. Open a Wamu Free Checking and get $25 cash bonus
3. Get $50 Free when you open a new TCF Checking Account

The current customer will receive the $25 bonus when the new customer is found qualified to open an eligible deposit account with the bank.

On the other hand, if you are the new customer, you must meet the following bank requirements before you get the $25 refer-a-friend bonus:

1. You must open an eligible account online which could be one of the following:

• An online savings account, which currently is at 1.10%APY with $500 minimum initial deposit
• A certificate of deposit, which currently is at 2.20%APY for a 5 year term CD with $2,5000 minimum initial deposit, or
• A money market account, which currently is at 1.00%APY for a $10,000 balance. Minimum initial deposit required is $2,500

2. When you apply, you must enter your Refer-A-Friend codes in your application form. This is how you do it:

• From the drop down menu, select “Refer-a-Friend” from “How Did You Hear About Us”
• Enter your Referral Code, then
• Enter your Offer Code

The referral and the offer codes are:

• Referral Code: 0000877426
• Offer Code: RAF911E1

3. You must maintain the minimum initial deposit for 60 days from the beginning of funding the deposit account.

If you meet the above requirements, both you and your referring friend will each receive the $25 bonus. The $25 bonus will be credited to your account within 8 weeks from the date the terms of the offer are satisfied.

Discover has a 5 star safe and sound rating and is FDIC insured up to the maximum of $250,000 per depositor and per deposit category.

Related posts:

1. Refer a friend to Washington Trust Bank and get $50 checking account bonus
2. Get $50 when you Refer-A-Friend to People’s United Bank
3. Refer a Friend to Univest and receive a $25 Univest Visa Gift Card