High Yield Savings Account Rates | Bank Checking

having trouble deciding what to do with the extra cash you may have from a bonus or are you ready to invest in a CD but are unhappy with the rates? Another alternative is a fixed rate savings account in which you are guaranteed a specific rate of return. most commonly it is one year, but can be longer depending on the financial institution.

While the best fixed rate savings accounts are probably going to be with smaller banks, you can still find them with some of the most common bank. Bank Of America,  Wachovia and others may not advertise if they have one or not, so you will want to go ahead and check with each bank to see what the current rates are for a local fixed rate savings account.

Most of the times you are required to set up a feeder account in order to get your fixed rate savings account with a bank. If you have a checking account already, it is better to check with that current bank than going through the hassle of opening one elsewhere. Your best options to find good rates is to search the net for good bank deals. Specials are always starting and ending each week so it is difficult to keep up. If you have the patience, you may want to wait for the bank of your choice to have a special, or inquire of them frequently when they may start to get the best fixed rate savings account locally.

Venture bank direct offers a 3.30% savings account currently with a No minimum balance requirement, and FDIC Insured up to $250,000. their checking accounts are even higher interest at 3.50% APY. There are no monthly service charges, and its simple and easy to set up an account in a matter of minutes.

Currently Venture bank direct is one of the top 20 leading online banking in highest checking account rates and also highest savings account rates. The checking accounts allow for a low minimum opening account of $100 dollars and is easy to maintain.

The history of Venture bank goes back to a group of local business owners who got together and opened Lacey Bank in Lacey, Washington in 1979. In 1981, the bank’s name changed to First Community Bank, and a holding company was shortly formed in 1983. Following in 1987 mortgage lending services were offered.

May 2003 is when they began to make some changes in improving services such as checking and savings accounts, and at that time changed their name to Venture bank. Today there is currently operating 18 financial centers in four Western Washington locations. they strive to improve things and offer high interest savings and checking accounts to improve customer experience.

Yet another bonus from E*trade for opening a Complete Savings Account. E-trade is offering a $25 bonus which is good through 2/25/2009. It looks as if all you will need to deposit is $1 to receive your $25 bonus. There are however some restrictions and requirements in order to benefit from this.

E-trade has some of the most competitive savings account rates, and have had them for a while now. You might also consider Etrade’s checking account rates on the signature Max-Rate Checking, which has not been so good, as it only pays 1.50% APY for balances over $5,000.

E-trade also has bank cd accounts as well which you might take a look at as an alternative. The 5-year CD APY is only 1.70% but still pays more than the E-trade checking account.

If you are looking for an online savings account with a high rate, you might check out Dollar Savings Direct. They are a branch of Emigrant bank which has been around since 1850. There are no fees as long as you keep your account to the $1,000 account balance minimum. If you already have a checking account with Dollar Savings Direct, it is conveniently connected to you Savings account.

You can access your account 24 hours a day, and of course setting up your account online is a breeze. Emigrant Bank central locations are in New York. Manhattan, Bronx/Westchester, Brooklyn/Queens and Long Island. The bank was started in 1850 by Irish emigrants, and has developed into a very strong company with over $14.3 billion in assets.

You might also consider the decent CD rates they have as well. For just a 16 month CD at 3.50% with a minimum deposit of $1000 you are sure to enjoy a nice return. All accounts are covered by the FDIC up to the maximum. For any other concerns you will want to visit their website.