If you are looking for high yield savings rate for November 2011, below are the top ten high yield savings rates we have gathered:
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?
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