What are the best savings rates right now?

[reezz]

Ive been looking around at B&M banks/credit unions trying to find somewhere to plant a few extra pennies I have. The best I saw was a state credit union at .75

I shouldve jumped on AE when it was @ 1.15

Anybody seeing anything better?

[Abbybob]

We're getting 1% on both out savings account and money market accounts.

[reezz]

Is it local banks or online?

[Abbybob]

It's our local bank, but I also have an ING direct savings account online and it gives 1% interest. We're saving $$ for kiddos college. It's only $40.00/month, but it's all we can afford right now. The money is transferred from our credit union checking account each month on a date we pick.

[StacyNVA]

I have my savings at ING also. I really really like them.

[Nate]

TIAAdirect.com 1.25% a local credit union might have a better rate, just have to check around

[joshmamabear]

check your local bank's offer. the highest in our area I'm getting right now is 4.15% APY on deposits up to $25K, anything above that earns 1.25% which is still higher than most CDs. Added benefit is the personalized service I get plus easy access to my funds should I "smell" something is about to happen.

Right now, we can't expect high interest rates because Uncle Ben has again started more printing of USDs. Banks do not have the incentive to offer high CD rates if the government is their best customer willing to pay higher rates to them.