interesting links
high annual percentage yield savings accounts
These days it is hard to come across a bank that is offering a respectable interest rate, especially in local banks. The best alternative is online savings accounts. These types of accounts used to have 5% and higher APY's, but now they have fallen considerably. Still, it is possible to find high-ish interest rates on the internet.
The following savings accounts have no minimum balance and high APY's. You can sign up for all of them online.
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Ally Bank Online Savings (http://www.ally.com/savings/online-savings-account/online-savings-account-overview) - 2.25% APY. This is the highest I can currently find on the internet. It is much higher than the national average, and it is higher than anything you could probably find locally. It is also a very easy sign-up process, taking less than a few minutes. You may even open the account with $0. 24/7 customer service.
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HSBC Direct Savings Account (http://www.hsbcdirect.com/1/2/1?code=CSM0000617) - 1.55% APY. Only $1 to open account. It is likely the interest rate will increase in the future. No minimum balance.
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ING Direct Orange Savings Account (http://home.ingdirect.com/products/products.asp?s=OrangeSavingsAccount) - 1.50% APY. Easy sign-up process. Also, get $25 bonus for a limited time (http://www.mymoneyblog.com/ing-direct-promotion-25-opening-referral-bonus-for-new-accounts). Also, if you sign up for their Orange Electric Checking Account (http://home.ingdirect.com/products/products.asp?s=ElectricOrange), you can get a $25 bonus for that by using reference code EM25 when signing up.
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