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10 High Yield Savings Accounts: July 2008 Update

By Daniel | July 4, 2008

High yield savings accounts are providing interest rates that are worth taking a look at. Your money is FDIC insured and can be accessed usually within just a few days. We have been using Emigrant Direct for two years now and they have worked out well for us. I have provided a list of high yield savings accounts with the rates current as of 7-4-2008. The rates are always changing, a year ago several of them were over 5.00% APY. I did not list them in order by interest rate because the highest one today may be the lowest next week, and there are other factors that can determine which one is best for you. The rates that have changed are highlighted in yellow and you can see the previous rates here. Compared to the April rates, the first 4 highlighted banks have lower rates, the last 3 highlighted banks are higher, and only 3 of the 10 stayed the same.



10 High Yield Savings Accounts
AMTrust Direct
2.50% APY
Minimum $1, No Fees
Capital One
<$10k - 2.50% APY
>$10k - 3.50% APY
No Minimum, No Fees
Citibank
2.25% APY
No Minimum, No Fees
Countrywide
<$10k - 2.75% APY
>$10k - 3.65% APY
Minimum $1000, No Fees
Emigrant Direct
2.75% APY
No Minimum, No Fees
E*Trade
3.30% APY
No Minimum, No Fees
FBNO Direct
3.50% APY
No Minimum, No Fees
HSBC Direct
3.50% APY
No Minimum, No Fees
ING Direct
3.00% APY
No Minimum, No Fees
Washington Mutual
3.30% APY
Minimum $1, No Fees,
Must have WAMU Free Checking

  • Rates current as of 7-4-2008
  • All accounts are FDIC insured
  • “No Fees” refers to monthly service charges, other fees,
    such as early termination, or excessive transaction fees may apply

Click here to look at the previous rates.

Topics: Banking, Personal Finances, Saving |

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