El Segundo, CA (PRWEB) October 24, 2012
In the wake of outrage over the high fees and poor interest rates offered by national banks, community banks and credit unions have been garnering attention for their customer-friendly accounts and competitive rates on deposit products like savings accounts. Consumers desperately want to take advantage of these amazing local savings rates, but they have no idea where to find the banks that are actually offering them. That’s why we decided to locate the 100 best rates in the country.
Go Banking Rates examined its database of more than 4,000 national, local and online financial institutions to determine where the highest savings account rates are being offered today.
The best savings account rate on the top 100 list is 1.51% APY, which both Houston Police Credit Union of Houston, Texas, and Illinois National Bank of Peoria, Illinois provide. The next best rate is offered by Merck Employees Federal Credit Union (Rahway, New Jersey) at 1.13% APY, while Delaware Alliance Credit Union (New Castle, Delaware) offers the third highest savings interest rate on the list at 1.05% APY.
Of the top 100 financial institutions offering the highest savings account rates in the country, 53 percent are credit unions. Traditional banks make up 44 percent of the list, while three institutions are online banks.
About Go Banking Rates
Go Banking Rates (GoBankingRates.com) a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information. Go Banking Rates also regularly publishes expert advice from personal finance professionals.
GoBankingRates.com is a division of ConsumerTrack, Inc., an 8-year leader in online lead generation, performance-based marketing, and customer acquisition in the financial, insurance and credit sectors. The company’s portfolio of 1500 finance websites includes
GoBankingRates.com, GoInsuranceRates.com, and GoFreeCredit.com. These sites receive more than 2 million visits each month.
For questions or comments, please contact:
Jaime Catmull, Director of Public Relations