It’s a new year so I figured I would start it off by listing the 10 banks paying the highest interest on savings and money market accounts.

 

1. Colorado Federal Savings Bank                    1.70% APY               $2,500 minimum

2. Bank of Internet USA                                    1.65% APY               $ 100 minimum

3. Capital One Bank                                          1.60% APY               $2,500 minimum

4. UFBDirect                                                      1.60% APY                 No minimum

5. American Express Bank                                1.50% APY                  No minimum

6. Ally Bank                                                      1.50% APY                  No minimum

7. Nationwide Bank                                          1.50% APY                  No minimum

8. Dollar Savings Direct                                   1.50% APY                $1,000 minimum

9. Giant Bank                                                   1.46% APY                $1,000 minimum

10. FNBO Direct                                              1.40% APY                   No minimum

This is for informational purposes only. This is not a recommendation that you place your money in any of the following banks. Before opening any bank account check investigate the financial soundness of the bank and make sure that the bank account is insured by the FDIC. FDIC insurance covers bank accounts up to $250,000.