You have several banks to choose from for a good rate. I would use Bank of America.
Banks offer high yield savings accounts to customers by investing the deposited funds in various financial instruments that generate higher returns, such as bonds or money market accounts. This allows banks to pay customers a higher interest rate on their savings compared to traditional savings accounts.
wamu is the best right now with a 3.30 With a lot of banks, the rate can differ based on the type of savings account and the minimum balance required.
The average savings interest rate in banks is 3.5 to 4%
3.0
There are several banks that offer high interest savings accounts. ING Direct has a good reputation for offering a high interest rate with excellent customer service. Ally National Bank and American Express also provide high interest rates on their savings accounts.
There are many banks that offer a higher interest rate savings account. Some of the highest rates can be found at EverBank, Ally Bank, Capital One, Barclays, and CIT Bank.
AIG online savings accounts seem to offer the best interest rates. As for brick-and-mortar banks, rates don't differ much, maxing out at around 2%.
www.money-rates.com/savings.htm offers the top interest rates listed
United States citizens have a negative savings rate because they are not motivated to save. The banks do not pay a high return on the money saved. People have the attitude that they want everything now and spend the money to get it.
The online site http://www.moolanomy.com/1333/how-to-find-best-high-yield-savings-interest-rate/ will provide you with a list of of top online banks that offers high yield savings account, high interest savings account, or high yield money market account. All of these accounts are FDIC insured up to $250,000. Your principal is protected and you’re guarantee a positive nominal return on investment.
If you are investing in a savings bond, you wish for it to have a high rate of interest. If you are selling savings bonds, you wish it to be at a low rate of interest.