The Fed made some moves this month (dropping the rates by 75 points and then 50 points) and, as expected, the rates have fallen as well. The days of 5%+ APY on an online savings account are clearly over as there are hardly any banks offering that rate anymore (none of the ones I track list a rate over 4.40%!).

You might be tempted to rate chase, moving your funds to E*Trade, but I do not recommend rate chasing high yield savings accounts.

Want to see a bank tracked in this list? Leave it in the comments below and I’ll be sure to include it!

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.

There are, obviously, more banks out there but that’s a good selection of the top rates I don’t bother looking past those.