• Security – the maintenance of High Yield Savings Account is usually performed online and by this, the bank is essentially assuring the safety of your money. Furthermore, you will be able to access your account at any time. Whether you take out your fund or not is all up to you;
• Guarantee – the fact that this is a savings account; it is not a speculative investment, thus, you are guaranteed a monthly return of investment;
• Develop a good savings habit – opening a savings account can compel you to make regular deposits, thus, as it is done regularly, it becomes a habit, which is, in any way, a good thing;
• Growth – the likelihood of your savings to grow is evidently high as it is subject to a top growth rate.

Statement Savings
APY is varible

This account is a great way to begin to prepare for your future. There is a $50 minimum opening deposit. You will incur a $3 monthly service fee if your balance falls below $200. Savings of $5,000 or more will earn a better interest rate. Interest is compounded daily. FDIC insured.

Convenience Savings
APY depends on geographic location and amount deposited

Savers will enjoy a competitive interest rate with a low minimum balance required ($250). There is no minimum initial deposit and no monthly fees if you meet the terms of the agreement. FDIC insured

Elite Savings
APY depends on geographic location and amount deposited

This account is the most popular account–earns a high yield that increases as your balance grows! Competitive tiered interest rates $10,000 minimum daily balance. No monthly fee if you maintain the balance or are over 62. No minimum initial deposit required to open this account.FDIC insured.

Young Saver
APY depends on geographic location and amount deposited

This account is for the beginners. $250 minimum daily balance required. Competitive interest rates, no minimum initial deposit. FDIC insured

TD Bank also offers special savings accounts: Health Savings, Holiday Savings, Club savings. These accounts help you save for particular moments and close after the goal has been met. See their website for more details.

Of course, rates are subject to change. The posted rates are based on the geographic location of Albany, NY. These rates were updated January 30, 2010.

Wells Fargo Goal Savings
.25 APY

These savings account rates are a fantastic way to start off your savings. There is no monthly fee if you maintain a $300 minimum balance, sign-up for direct deposit or set up an automatic transfers from a Wells Fargo account. Put down $100 (only $25 if you opt for automatic transfers) to open this account. FDIC insured.

Wells Fargo Money Market Savings
.05 APY

This account offers great rates and you can write checks directly from that account. You need $100 to open this account. There is a $10 monthly service fee unless you maintain a $3,500 daily minimum or transfer $75 from another Wells Fargo account. Many people choose to use this account as overdraft protection. FDIC insured.

Wells Fargo High Yield Savings
.40 APY (if investing over $25k)

This account is for those who have more money to work with. Savers will enjoy competitive, premium rates and direct access to their money. Savers can write checks directly from the account. You must have at least $25,000 to open the account. You must maintain that balance to avoid a monthly fee or decrease in interest. FDIC insured.

Of course, these rates are subject to change. These rates are based on input GA as the geographic locations. Please visit Wells Fargo for the most current rates.

Univest’s Anytime Online Savings Account
1.25 APY

This account is great for all reoccuring savings transfers and a compliment to Univest checking accounts as overdraft protection. Interest is compounded daily and credited monthly. You’ll only put $1 down to open this savings account. No monthly fees or minimum balance. No paper statements are available with this account (e-statements). FDIC insured

Of course, this rate is subject to change. This rate was posted January 30, 2010.

Key Saver Savings Account
APY is dependant on location

Open your account with $50. You will not incur any monthly service charges if you maintain a daily balance of $300. Enjoy 24 hour access to the expansive Key ATM network.FDIC insured.

Silver Money Market Savings Account
APY is dependent on geographic location

You’ll get better rates with the Silver Money Market account from Key. This account is for individuals that can commit to saving $25 a month. You will open your account with $50 down and it is FDIC insured.

Key4Kids Savings Account
Visit a branch for a APY quote

This is an account for kids under the age of 18. There is no minimum balance and it costs nothing to open the account. It is a great gift to give to the future generation.

Of course, all terms are subject to change. The above terms were last updated January 30, 2010.

“High Interest, No Fees, No Minimums” Your money works for you with this high yield savings account. Sign up for this online savings account and your can start to plan for your future in under 10 minutes. FDIC insured.

Orange CD
1.75 APY (60 month)

ING offers competitive rates for their CD’s. All funds are FDIC insured and their are a variety of different terms (variable rates for the length of time selected) and how you want to receive your interest paid. ING notifies you of the maturity of your CD and you are able to withdraw your money if need be (fees will apply).

Of course, these rates are subject to change. The rates posted are current as of January 30, 2010.

Online Savings Account
1.35 APY

This online savings account allows you access to your money anytime any where. There are no monthly fees or minimum balance. Open your account for $1 AND you don’t have to have or open a checking account with HSBC. FDIC insured.

Of course, this rate is subject to change. The rates posted were updated January 30, 2010.

FNBO Online Savings Account
1.40 APY

This convenient, secure online savings account will help you reach your financial goals faster! No monthly fees. No minimum balance requirements. Open your savings account with just $1 ! Mobile transfers and email payments are another huge perk to saving with FNBO. FDIC insured.

Of course, these rates are subject to change. The rates listed were updated on January 30, 2010.