I don’t advocate jumping around from high yield savings account to high yield savings account to just to earn a few extra tenths of a percent but keeping your eye on the various rates offered by the high yield savings banks is important because you may find that you’re a full percent behind the top dog. In these monthly roundups, I’ll report out the top rates in the nation so you can be sure you’re within striking distance of the top dog.
| Bank Name | APY | Min. Balance (For Rate) |
| UFB Direct | 5.22% | None |
| FNBO Direct | 5.05% | None |
| E*Trade | 5.05% | None |
| WT Direct | 4.90% | $10k+ |
| Emigrant Direct | 4.65% | None |
| ING Direct | 4.10% | None |
There are, obviously, more banks out there but that’s a good selection of the top rates I don’t bother looking past those.
Tags: Emigrant Direct, ETrade, High Yield Savings Accounts, HSBC Direct, ING Direct, Interest Rates, Monthly Interest Rate Roundup, UFB Direct, WT Direct
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[...] Daily Money Hack, there’s a new high yield savings account interest rate comparison table, UFB Direct is top dog with 5.22% [...]
This page also has a comparison of many of the high yield savings accounts and their rates as of 1/26/08:
http://themoneykings.com/blog/comparison_of_high_interest_savings_account_rates
My personal favorite is HSBC Direct.
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