Discover Bank, the banking arm of the credit card company Discover, is offering one of the best savings account rates and savings account yields available right now.

Discover Bank’s online savings account currently has a savings account rateof 1.34 percent with a savings account annual percentage yield of 1.35 percent. That savings rate is one of the highest savings account rates around and beats most 12 month certificate of deposit rates.

Discover Bank’s online savings account rate also is 5 times the national average savings rate (as reported by Informars) of 0.24 percent for account balances of at least $2,500.  The minimum opening Discover Bank online savings account deposit is $500.

Discover Bank’s online savings account earns interest daily. Interest is also compounded daily giving you a higher annual percentage yield. Interest is credited to the online savings account monthly.

Discover Bank’s online savings account is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 until December 31, 2013. After that date FDIC insurance protection reverts back to $100,000 for all deposit accounts at all banks.

You’ll need to fulfill the following requirements and provide the appropriate information when filling out an online savings account application:

• You must be at least 18 years old
• Have a valid Social Security Number
• Have a valid US Address
• Provide an electronic signature

Credit Union of Colorado has Share Savings Accounts, Holiday Savings Accounts and Health Savings Accounts. The credit union also is advertising an Insured Money Management Fund and an Insured Money Market Plus Account.

The savings account rates are some of the lowest savings account rates available right now. The current Share Savings account rate and Holiday Savings account rate is 0.25 percent with an annual percentage  yield of 0.25 percent. Of course you can find savings rates higher than that.

The Health Savings Account (HSA) rates and yields are somewhat better. The HSA has tiered savings account rates. The lowest savings rate is .030 percent for savings account balances of $0 to $2,500.

HSA balances of $2,500 to $4,999 earn a savings rate and savings yield of 0.35 percent. Account balances of $5,000 to $9,999 earn a savings rate and savings yield of 0.45 percent and account balances of $60,000 or more earn a rate and yield of 0.60 percent.

The Insured Money Management Fund rate is at  0.30 percent with an APY of 0.30 percent. The minimum opening MMA deposit is $2,500.  The minimum balance to earn the MMA rate and yield is $2,500.

The Insured Money Market Plus Account has the highest minimum balance and the account also has tiered interest rates.

Insured Money Market Plus Account rates and APY

• Balance of  $10,000 – $24,000 - MMA Rate 0.35% Yield 0.35%
• Balance of $25,000 – $49,999 - MMA Rate 0.60% Yield 0.60%
• Balance of $50,000+ - MMA Rate 0.75% Yield 0.75%

Municipal Credit Union of New York, NY, is advertising money market account rates and savings account rates. The credit union’s savings account yields are not very competitive at all but their money market account yields are competitive.

The credit union is advertising five different savings accounts,  a regular Share Savings Account, a Smart Apple Savers Savings Account, a Future Investors Club Savings Account, a Holiday Club Savings Account and a Vacation Club Savings Account.

Municipal Credit Union Savings Accounts

 Municipal Credit Union Share Savings Account Rates and Savings Yields

• Balances of $500 to $999 – 0.10% Rate 0.10% APY
• Balances of $1,000 to $3,999 – 0.15% Rate 0.15% APY
• Balances of $4,000 to $49,999 – 0.25% Rate 0.25% APY
• Balances of $50,000 or more - 1.00% Rate 1.00% APY

Smart Apple Savers

• 0.40 Savings Rate 0.40 Savings Yield

Future Investors Club 

• 0.40 Savings Rate 0.40 Savings Yield

Holiday Club Savings

• 0.20 Savings Rate 0.20 Savings Yield

Vacation Club Savings

• 0.20 Savings Rate 0.20 Savings Yield

Both the money market account has tiered interest rates. Following is a list of MMA rates.

Municipal Credit Union Money Market Account Rates

Money Market Account

• Balances of $2,500 – $9,999 0.55% Rate 0.55% APY
• Balances of $10,000 – $24,999 0.65% Rate 0.65% APY
• Balances of $25,000 – $49,999 0.75% Rate 0.75% APY
• Balances of $50,000 – and over 0.95% Rate 0.95% APY

For more current savings account rates and money market accounts from Municipal Credit Union visit nymcu.org.

Maspeth Federal Savings located in Maspeth, New York is offering two savings accounts and a money market account. The accounts have some of the highest savings account rates for accounts without monthly requirements.

Maspeth Federal Savings’ current money market account rate and Passbook savings account rate is a lot higher than the national average savings account rate/money market account rate. The bank’s current interest rate for both accounts is 1.18 percent with an annual percentage yield (APY) of 1.20 percent.

All deposit accounts are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 until December 31, 2013. After that date FDIC insurance reverts back to $100,000 of coverage per account.

Both the savings account and money market account are variable interest rate accounts. When you invest in variable rate accounts, the savings rate and savings yield can change at any time.

Certificates of deposit that have a fixed interest rate maintain the same rate for the duration of the deposit.

Maspeth Federal Savings’ current savings account interest rates and money market account rates can be found by going to maspethfederal.com.

Asheville Savings Bank, headquartered in Asheville, North Carolina, is advertising three types of savings accounts and two types of money market accounts.

Their savings accounts are a Statement Savings Account, a Health Savings Account (HSA) and a Dime-A-Saurus Savings Account, which is a custodial savings account.

Their money market accounts (MMA) include a regular MMA and a Premier MMA. Both the savings accounts and money market accounts have tiered interest rates. The bank’s HSA has the best savings account rate, the current rate is 1.79 percent with an annual percentage yield of 1.80 percent.

The minimum opening deposit for the Statement Savings Account and Dime-A-Saurus Savings Account is $25. The minimum opening deposit for the HSA is $100. Their regular MMA has a minimum opening deposit of $500.00 and the Premier MMA minimum opening deposit is $10,000.00.

Current Savings Account Rates

Statement Savings Account & Dime-A-Saurus Savings Account:

• 0.35 rate 0.35% APY for all balances

Health Savings Account Rates

• Rate 1.24% APY 1.25% Min to $9,999
• Rate 1.49% APY 1.50% Min $10,000 to $24,999
• Rate 1.59% APY 1.60% Min $25,000 to $49,999
• Rate 1.69% APY 1.70% Min $50,000 to $99,999
• Rate 1.79% APY 1.80% Min $100,000 and up

Money Market Account Rates

Regular Money Market Account

• Rate 0.60% APY 0.60% Min $9,999
• Rate 0.75% APY 0.75% Min $10,000 to $24,999
• Rate 0.75% APY 0.75% Min $25,000 to $49,999
• Rate 0.85% APY 0.85% Min $50,000 to $99,999
• Rate 0.90% APY 0.90% Min $100,000 and up

Premier Money Market Account

• Rate 0.95% APY 0.95% Min $10,000 to $24,999
• Rate 1.00% APY 1.00% Min $25,000 to $49,999
• Rate 1.00% APY 1.00% Min $50,000 to $99,999
• Rate 1.04% APY 1.05%  Min $100,000 and up

For current interest rates go to ashevillesavingsbank.com.

United Central Bank, headquartered in Garland, Texas, is advertising four types of savings account and a tiered money market account. The savings account rates are not the best savings account rates around but their money market account rates are very good.

The best money market account rate is their Global Money Market Account with balances of $1,000,000 and above. The current money market account rate is 2.23 percent with an annual percentage yield (APY) of 2.25%.

The best savings account rate is on their “Premium Unique Savings Account.” The current savings account interest rate is .59 percent with an APY of .60 percent. That savings rate isn’t hte highest savings rate but it beats the National Average Savings Account Rate.  The minimum opening balance is $500.

Global Money Market Account Yields:

• $ 1,000,000.00 & above 2.25% APY
• $500,000.00 – $999,999.99 1.65% APY
• $300,000.00 – $499,999.99 1.50% APY
• $150,000.00 – $299,999.99 1.40% APY
• $75,000.00 – $149,999.99 1.35% APY
• $5,000 minimum – $74,999.99 1.21% APY
• Below $5,000  0.12% APY

Current Savings Account Yields:

• Unique Savings
  $500 to open 0.40% APY
• Premium Unique Savings
  $1000 to open 0.60% APY
• Traditional Savings
  $100 to open 0.35% APY
• Youth Savings (Minor Savings Account)
  $0.01 to open 0.40% APY

For more information on United Central Bank Savings Accounts and MMAs visit: United Central Banking.

Acacia Federal Savings Bank of Falls Church, VA, is advertising some really good deposit rates for their certificates of deposit, savings account and a money market account. The money market account has tiered interest rates.

Acacia Federal Savings Bank’s ”Sensible Savings Account” has a current savings account rates of 1.00 percent and an annual percentage yield (APY) of 1.00 percent.

Acacia Federal Savings Bank Sensible Savings Account:

• The bank offers a good savings rate.
• Free automatic transfers by arranging to transfer funds monthly from another account at Acacia Federal or from your account at another bank to your Sensible Savings Account
• Low Initial Deposit
• No Monthly Maintenance Fees.
• Convenient Access to Funds. With an Acacia Federal Choice Checking Account and Visa Check Card, you can add your savings to your Visa Check Card for ATM access.
• 24/7 Access to Account Information

Acacia Federal Savings Bank Tiered MMA Rates

• Balances $125,000 and over 1.49% Rate 1.50% APY
• Balances $75,000 – 124,999 1.24% Rate 1.25% APY
• Balances $25,000 to $74,999 1.00% Rate 1.00% APY
• Balances $10,000-$24,999 0.75% Rate 0.75% APY
• Balances $0-$9,999 0.25% Rate 0.25% APY

For current savings account rates and money market account rates visit: afsbonline2.com.

Discover Bank is advertising savings account that has one of the highest savings account rates and yields available right now. As of April 1, 2010, the savings account rate is 1.34 percent with an annual percentage yield (APY) of 1.35 percent. The current more than four times national average savings account rate of 0.34 percent for account balances of at least $25,000.

You can open a savings account at Discover Bank with a minimum opening deposit of $500. The savings account interest earned is compounded on a daily basis and credited to your account monthly. Interest compounding daily gives you a higher rate return.

Savings accounts and all deposit accounts at Discover Bank are insured by the Federal Deposit Insurance Corporation for up to $250,000. Federal regulation limits you to six withdrawals per billing cycle.

When opening an online savings account at DiscoverBank.com you will need to be at least 18 years old and provide the following information:

• Have a valid Social Security Number
• Have a valid US Address
• Provide an electronic signature

Discover Bank’s current savings account rate and more information here: Discoverbank.com.

AIG Bank, the banking arm of the insurance company AIG, is offering some of the best money market rates available. Money market accounts are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor until December 31, 2013. After that date deposit insurance will revert back to the $100,000 limit.

AIG Bank’s money market rates are tiered, which means the rate of interest the account earns is scaled according to the amount invested in the account.  The higher the balance in the money market account, the higher the rate. 

Savings accounts and jumbo CDs typically earn higher rates with larger deposits and terms than accounts with smaller deposits and shorter terms. AIG Bank’s money market accounts with balances of $2,500 to $9,999 earn a rate of 1.09 percent and a yield of 1.10 percent.

Account balances between $10,000 and $49,999 earn a rate of 1.49 percent and an annual percentage yield of 1.50 percent. Balances between $50,000 and $99,999 earn a rate of 1.54 percent and a yield of 1.55 percent. 

Money market accounts with balances between $100,000 and $249,000 earn a rate of 1.60 percent and a yield of 1.60 percent. Account balances over $250,00 earn a rate of 1.64 percent and a yield of 1.65 percent.

Deposits are insured up to $250,000 so I would keep account balances under that limit. If you have more funds to deposit a better option for you is probably the Certificate of Deposit Account Registry Service (CDARS.com) which allows you to deposit up to $50 million and still receive FDIC insurance coverage.

AIG Bank also now also offering mortgages and the bank is currently  advertising a 30 year mortgage rate at 4.625 percent.

Evantage Bank the internet banking division of Southwest State Bank of Sentinel, OK is offering a money market account they call “Mega Money Market” Account. This account has a one of the best money market account or savings account rates available today.

The current annual percentage yield for the money market account is 2.00%. The account also comes with a free MasterCard CheckCard, which is a debit card.  The money market account also has the following features.

• Monthly Statements are received electronically
• Includes 6 FREE withdrawals per month ($5 fee for each withdrawal after 5 per statement cycle).
• FREE Account (No Monthly Maintenance Fee)
• FREE Online Banking
• FREE Customer Service
• Overdraft Privilege available.
• NO MINIMUM BALANCE

Evantage Mega Money Market Account

Southwest State Bank is offering a rewards checking account that currently has an annual percentage yield of 4.00%. In case you’re not familiar with rewards checking accounts there is a certain number of transactions you have to do every month to receive the rewards checking rate.

If you fail to meet the requirements for a particular month the APY is a lot less than the advertised rate. Lean more here: Southwest State Bank Rewards Checking