If you are familiar with the interest rates given by hundreds of online banks and other regular banks, you will know that the money you will put in any of their best savings accounts will be the most lucrative this month. This is because their APYs are one of the most high-yielding, with an annual percentage yield of up to a very high 2.50%. Below are the top three of the best banks with the best

APYs:
• Bank of the Internet USA – it is currently ranking number one due to its offer in its Advantage Savings of 2.50% annual percentage yield (APY) on a minimum deposit of as low as a mere $100.
• Tennessee Commerce Bank – Previously on the top spot, it was now surpassed by the 2.50% APY offer of Bank of the Internet USA. Its offer is still at 2.30% APY for the minimum deposit of $250.
• Goldwater Bank – It is a close third with a 2.03% annual percentage yield for its savings accounts which has a minimum of $1,500 deposit.

To get a better appreciation of these offers and rates, you may want to compare them with the other deals and rates being offered by the hundreds of banks in our long list of bank resources and database.

Up to a Very High 2.50% APY Offered by the Best Savings Accounts

It is saddening to note, although the rates they are offering are far reaching and found nationwide, that it has to be these small banks which can offer the best rates to depositors all over the country. This is just a sign that many bank today has place not much importance on the savings account depositors. These customers are not very much appreciated at present. In fact, there are a lot of banks today which offer very low rates to depositors. Ironically, most of these are the big banks. Some of them are offering a very low 0.10% to 0.25% APY. Chase Bank is at the bottom of the desirables with a measly 0.01% APY given to its savings account depositors as well as its money market accounts. Hopefully, no other banks will match, or worse, beat the rate offered by Chase.

For additional information, the Bank of Internet USA operates online and is based in San Diego, USA. The 2.50% APY is earned on the Advantage savings account. Your money with them is FDIC insured. Aside from the high APY, the bank also offers to depositors a no minimum balance, no maintenance fee requirement. Moreover, the interest rate of your account compounds daily. As an additional perk, you may have a free ATM card if you make 3 payments of bills to a 3rd party or to yourself in a period of one month.

On the other hand, Tennessee Commerce only has one branch based on Franklin, Tennessee. However, it can accept out of state deposits and even allows the opening of accounts online. It however requires a minimum deposit of $2,500. We include Tennessee Commerce in our best of the best with no negative comments given about it.

Lastly, Goldwater Bank has also just one branch located in Scottsdale, Arizona.

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