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Florida Savings Rates 2017

If you have your savings dollars in a bank with low savings rates, then you are losing real money. With the magic of compounding interest, even an interest rate difference under 1% can really add up over time. See our Savings Booster Calculator to see why you should seek out a higher interest rate. The table below has an unbiased list of the savings and money market account rates of FDIC-insured banks that are near your current location (if they aren’t, then change the zip code above). Take a few minutes to explore these options and see how you can boost your savings by more than 6X the national average rate. You may also want to check credit unions near you or online banks by navigating through the tabs above. There is competition for your money. Take advantage of it!

FL - January 17, 2017

Savings Account National Average Rate: 0.13% ?

BANKS APY Vs. Nat'l Av. MIN MILES ?
EverBank 1.01% 8.08x $1,500 -
Biscayne Bank 1.00% 8.00x $1 -
First NBC Bank 0.75% 6.00x $10,000 -
Eastern National Bank 0.75% 6.00x $10,000 -
MERCANTIL COMMERCEBANK, NATIONAL ASSOCIATION 0.70% 5.60x $25,000 -
MERCANTIL COMMERCEBANK, NATIONAL ASSOCIATION 0.65% 5.20x $10,000 -
Beal Bank USA 0.61% 4.88x $25,000 -
First Florida Bank 0.60% 4.80x $300 -
First Bank of the Palm Beaches 0.60% 4.80x $2,500 -
Anchor Commercial Bank 0.57% 4.56x $100 -
Intercontinental Bank 0.50% 4.00x $100 -
Pacific National Bank 0.50% 4.00x $10,000 -
United Midwest Savings Bank 0.50% 4.00x $1,000 -
Central Bank 0.50% 4.00x $1 -
First Partners Bank 0.50% 4.00x $5,000 -
BAC Florida Bank 0.50% 4.00x $1 -
Citizens State Bank 0.50% 4.00x $10,000 -
Axiom Bank 0.50% 4.00x $10,000 -
FirstBank Puerto Rico 0.45% 3.60x $10,000 -
Intercontinental Bank 0.45% 3.60x $1,000 -
The Oculina Bank 0.42% 3.36x $10,000 -
TransCapital Bank 0.40% 3.20x $100 -
Banco do Brasil Americas 0.40% 3.20x $10,000 -
Atlantic Coast Bank 0.40% 3.20x $25,000 -
SmartBank 0.40% 3.20x $1 -
Landmark Bank, National Association 0.40% 3.20x $25,000 -
FirstCity Bank of Commerce 0.40% 3.20x $25,000 -
Anchor Commercial Bank 0.40% 3.20x $25,000 -
Patriot Bank 0.35% 2.80x $25,000 -
Interamerican Bank, A FSB 0.35% 2.80x $25,000 -
Stonegate Bank 0.35% 2.80x $25,000 -
American National Bank 0.35% 2.80x $25,000 -
USAmeriBank 0.35% 2.80x $25,000 -
CCB Community Bank 0.30% 2.40x $5,001 -
FirstBank Puerto Rico 0.30% 2.40x $2,500 -
Sunshine Savings Bank 0.30% 2.40x $25,000 -
Pinnacle Bank 0.30% 2.40x $25,000 -
1st Manatee Bank 0.30% 2.40x $10,000 -
Ocean Bank 0.30% 2.40x $25,000 -
Homebanc National Association 0.30% 2.40x $25,000 -
Anthem Bank & Trust 0.30% 2.40x $10,000 -
Atlantic Coast Bank 0.30% 2.40x $10,000 -
Pilot Bank 0.30% 2.40x $15,000 -
CBC NATIONAL BANK 0.30% 2.40x $25,000 -
Palm Beach Community Bank 0.30% 2.40x $25,000 -
Beal Bank, SSB 0.30% 2.40x $25,000 -
TotalBank 0.30% 2.40x $25,000 -
Anchor Commercial Bank 0.30% 2.40x $10,000 -
First Florida Integrity Bank 0.28% 2.24x $5,000 -
Stearns Bank National Association 0.26% 2.08x $1 -
First Florida Bank 0.25% 2.00x $25,000 -
Landmark Bank, National Association 0.25% 2.00x $5,000 -
American Commerce Bank, National Association 0.25% 2.00x $25,000 -
FirstBank Puerto Rico 0.25% 2.00x $2,500 -
Gateway Bank of Central Florida 0.25% 2.00x $100 -
Pinnacle Bank 0.25% 2.00x $1 -
Beal Bank, SSB 0.25% 2.00x $500 -
The Oculina Bank 0.25% 2.00x $100 -
Mainstreet Community Bank of Florida 0.25% 2.00x $10,000 -
Palm Beach Community Bank 0.25% 2.00x $10,000 -
1st Manatee Bank 0.25% 2.00x $100 -
Sunshine Bank 0.25% 2.00x $25,000 -
OptimumBank 0.25% 2.00x $25,000 -
Insignia Bank 0.25% 2.00x $1 -
BankUnited, National Association 0.25% 2.00x $2,500 -
FirstCity Bank of Commerce 0.25% 2.00x $10,000 -
Paradise Bank 0.25% 2.00x $1 -
The First National Bank of Mount Dora 0.25% 2.00x $25,000 -
Florida Community Bank, National Association 0.25% 2.00x $10,000 -
ServisFirst Bank 0.25% 2.00x $100 -
Banesco USA 0.25% 2.00x $25,000 -
U. S. Century Bank 0.25% 2.00x $25,000 -
Citizens State Bank 0.25% 2.00x $1,000 -
Beal Bank USA 0.25% 2.00x $500 -
MERCANTIL COMMERCEBANK, NATIONAL ASSOCIATION 0.25% 2.00x $50 -
American National Bank 0.25% 2.00x $10,000 -
CCB Community Bank 0.25% 2.00x $200 -
Banco do Brasil Americas 0.25% 2.00x $1 -
The Bank of Commerce 0.25% 2.00x $25,000 -
Floridian Community Bank, Inc. 0.25% 2.00x $100 -
First Bank 0.25% 2.00x $25,000 -
First City Bank of Florida 0.25% 2.00x $25,000 -
Synovus Bank 0.25% 2.00x $25,000 -
Mackinac Savings Bank, F.S.B. 0.25% 2.00x $2,500 -
First Bank of the Palm Beaches 0.25% 2.00x $100 -
Southeastern Bank 0.25% 2.00x $25,000 -
Home Federal Bank of Hollywood 0.25% 2.00x $10,000 -
TransCapital Bank 0.25% 2.00x $2,500 -
Intracoastal Bank 0.25% 2.00x $25,000 -
TrustCo Bank 0.25% 2.00x $200 -
First NBC Bank 0.25% 2.00x $1 -
National Bank of Commerce 0.25% 2.00x $25,000 -
First Partners Bank 0.25% 2.00x $1 -
PeoplesSouth Bank 0.25% 2.00x $25,000 -
Sunstate Bank 0.21% 1.68x $25,000 -
Gulfshore Bank 0.21% 1.68x $25,000 -
MidWestOne Bank 0.20% 1.60x $25,000 -
Cadence Bank, N.A. 0.20% 1.60x $15,000 -
American Momentum Bank 0.20% 1.60x $1 -
Bank of Pensacola 0.20% 1.60x $2,500 -
Atlantic Coast Bank 0.20% 1.60x $2,500 -
United Southern Bank 0.20% 1.60x $10 -
Patriot Bank 0.20% 1.60x $2,500 -
Homebanc National Association 0.20% 1.60x $10,000 -
The Bank of Commerce 0.20% 1.60x $10,000 -
Bank of Belle Glade 0.20% 1.60x $25,000 -
Republic Bank & Trust Company 0.20% 1.60x $1 -
First Bank 0.20% 1.60x $5,000 -
Pacific National Bank 0.20% 1.60x $1,000 -
Platinum Bank 0.20% 1.60x $100 -
Stearns Bank National Association 0.20% 1.60x $25,000 -
OptimumBank 0.20% 1.60x $1,000 -
First National Bank Northwest Florida 0.20% 1.60x $25,000 -
1st Manatee Bank 0.20% 1.60x $1 -
Fidelity Bank of Florida, National Association 0.20% 1.60x $25,000 -
American Commerce Bank, National Association 0.20% 1.60x $1 -
FirstCity Bank of Commerce 0.20% 1.60x $2,500 -
Peoples National Bank 0.20% 1.60x $25,000 -
The Oculina Bank 0.20% 1.60x $2,500 -
First National Bank of Pasco 0.20% 1.60x $25,000 -
First Citrus Bank 0.20% 1.60x $10,000 -
Peoples State Bank 0.20% 1.60x $25,000 -
Ocean Bank 0.20% 1.60x $2,500 -
Stonegate Bank 0.20% 1.60x $10,000 -
Anthem Bank & Trust 0.20% 1.60x $2,500 -
Flagship Community Bank 0.20% 1.60x $5,000 -
Pilot Bank 0.20% 1.60x $1 -
SmartBank 0.20% 1.60x $25,000 -
The First National Bank of Mount Dora 0.20% 1.60x $1 -
OneUnited Bank 0.20% 1.60x $1,000 -
CBC NATIONAL BANK 0.20% 1.60x $10,000 -
First American Bank 0.20% 1.60x $10,000 -
Biscayne Bank 0.20% 1.60x $25,000 -
Beal Bank USA 0.20% 1.60x $1,000 -
Harbor Community Bank 0.20% 1.60x $2,500 -
USAmeriBank 0.20% 1.60x $5,000 -
Beal Bank, SSB 0.20% 1.60x $1,000 -
TD Bank, National Association 0.20% 1.60x $25,000 -
Fidelity Bank 0.20% 1.60x $25,000 -
First American Bank 0.20% 1.60x $25,000 -
Palm Beach Community Bank 0.20% 1.60x $2,500 -
TrustCo Bank 0.20% 1.60x $15,000 -
Marquis Bank 0.20% 1.60x $100 -
MERCANTIL COMMERCEBANK, NATIONAL ASSOCIATION 0.20% 1.60x $100 -
Platinum Bank 0.18% 1.44x $1 -
CCB Community Bank 0.17% 1.36x $2,500 -
Sunshine Bank 0.17% 1.36x $25,000 -
Sunstate Bank 0.16% 1.28x $10,000 -
First Citrus Bank 0.16% 1.28x $300 -
First Florida Bank 0.15% 1.20x $2,500 -
First City Bank of Florida 0.15% 1.20x $10,000 -
Hillsboro Bank 0.15% 1.20x $1 -
First Bank 0.15% 1.20x $50 -
Interamerican Bank, A FSB 0.15% 1.20x $50 -
Landmark Bank, National Association 0.15% 1.20x $100 -
Intracoastal Bank 0.15% 1.20x $10,000 -
Insignia Bank 0.15% 1.20x $2,500 -
Union State Bank 0.15% 1.20x $20,000 -
Beach Community Bank 0.15% 1.20x $10,000 -
Preferred Community Bank 0.15% 1.20x $25,000 -
Community Bank, Coast 0.15% 1.20x $100 -
MidSouth Bank 0.15% 1.20x $100 -
Stonegate Bank 0.15% 1.20x $100 -
Apollo Bank 0.15% 1.20x $5,000 -
The Bank of Commerce 0.15% 1.20x $100 -
Mainstreet Community Bank of Florida 0.15% 1.20x $1,000 -
Fidelity Bank of Florida, National Association 0.15% 1.20x $250 -
Friends Bank 0.15% 1.20x $25,000 -
Amerasia Bank 0.15% 1.20x $25,000 -
Sunshine Bank 0.15% 1.20x $10,000 -
Columbia Bank 0.15% 1.20x $25,000 -
PeoplesSouth Bank 0.15% 1.20x $2,500 -
FNBT BANK 0.15% 1.20x $500 -
City National Bank of Florida 0.15% 1.20x $1 -
One South Bank 0.15% 1.20x $50 -
Southeastern Bank 0.15% 1.20x $100 -
First Green Bank 0.15% 1.20x $25,000 -
Seaside National Bank & Trust 0.15% 1.20x $25,000 -
ServisFirst Bank 0.15% 1.20x $1 -
First National Bank Northwest Florida 0.15% 1.20x $10,000 -
United Midwest Savings Bank 0.15% 1.20x $1 -
American National Bank 0.15% 1.20x $1 -
Peoples State Bank 0.15% 1.20x $5,000 -
First National Bank of Wauchula 0.15% 1.20x $25 -
Gateway Bank of Central Florida 0.15% 1.20x $25,000 -
U. S. Century Bank 0.15% 1.20x $10,000 -
Alma Exchange Bank & Trust 0.15% 1.20x $500 -
Jefferson Bank of Florida 0.15% 1.20x $25,000 -
Sunshine Savings Bank 0.15% 1.20x $2,000 -
OptimumBank 0.15% 1.20x $500 -
TD Bank, National Association 0.15% 1.20x $10,000 -
Bank of the South 0.15% 1.20x $2,500 -
Commerce National Bank & Trust 0.15% 1.20x $1 -
American Commerce Bank, National Association 0.15% 1.20x $100 -
First National Bank of Pasco 0.15% 1.20x $2,500 -
First American Bank 0.15% 1.20x $5,000 -
Reliance Bank 0.15% 1.20x $10,000 -
Intercontinental Bank 0.15% 1.20x $1,000 -
TotalBank 0.15% 1.20x $2,500 -
Axiom Bank 0.15% 1.20x $1 -
BAC Florida Bank 0.15% 1.20x $25,000 -
First Colony Bank of Florida 0.15% 1.20x $25,000 -
Cadence Bank, N.A. 0.15% 1.20x $15,000 -
Banesco USA 0.15% 1.20x $10,000 -
The First, A National Banking Association 0.15% 1.20x $25,000 -
Biscayne Bank 0.15% 1.20x $1 -
Florida Community Bank, National Association 0.15% 1.20x $50 -
BMO Harris Bank National Association 0.15% 1.20x $25,000 -
Fidelity Bank 0.15% 1.20x $1 -
BankUnited, National Association 0.15% 1.20x $300 -
Synovus Bank 0.15% 1.20x $25,000 -
National Bank of Commerce 0.15% 1.20x $5,000 -
Gibraltar Private Bank & Trust Co. 0.15% 1.20x $1 -
Bank of the Ozarks 0.15% 1.20x $25,000 -
Encore Bank, National Association 0.13% 1.00x $25,000 -
Helm Bank USA 0.13% 1.00x $1 -
Trustmark National Bank 0.12% 0.96x $5,000 -
Sunshine Bank 0.12% 0.96x $2,500 -
Sunstate Bank 0.11% 0.88x $100 -
Atlantic Coast Bank 0.11% 0.88x $50 -
Gulfshore Bank 0.11% 0.88x $1 -
First Florida Integrity Bank 0.11% 0.88x $1 -
PNC Bank, National Association 0.11% 0.88x $25,000 -
Sunrise Bank 0.11% 0.88x $25,000 -
Jefferson Bank of Florida 0.10% 0.80x $2,500 -
Sunshine Bank 0.10% 0.80x $2,500 -
TrustCo Bank 0.10% 0.80x $1 -
Heartland National Bank 0.10% 0.80x $1 -
First National Bank Northwest Florida 0.10% 0.80x $1,000 -
Gateway Bank of Florida 0.10% 0.80x $25,000 -
Seaside National Bank & Trust 0.10% 0.80x $2,500 -
Homebanc National Association 0.10% 0.80x $2,500 -
Gateway Bank of Central Florida 0.10% 0.80x $5,000 -
First City Bank of Florida 0.10% 0.80x $500 -
Community Bank, Coast 0.10% 0.80x $20,000 -
City National Bank of Florida 0.10% 0.80x $1 -
First Colony Bank of Florida 0.10% 0.80x $1 -
United Southern Bank 0.10% 0.80x $5,000 -
Iberiabank 0.10% 0.80x $10,000 -
New York Community Bank 0.10% 0.80x $1 -
Apollo Bank 0.10% 0.80x $2,500 -
Palm Beach Community Bank 0.10% 0.80x $2,500 -
Terrabank, National Association 0.10% 0.80x $100 -
Professional Bank 0.10% 0.80x $500 -
Gibraltar Private Bank & Trust Co. 0.10% 0.80x $10,000 -
Friends Bank 0.10% 0.80x $100 -
National Bank of Commerce 0.10% 0.80x $1 -
Bank of Belle Glade 0.10% 0.80x $1 -
Southeast First National Bank 0.10% 0.80x $50 -
Peoples State Bank 0.10% 0.80x $1 -
Southeastern Bank 0.10% 0.80x $2,500 -
Patriot Bank 0.10% 0.80x $100 -
First Green Bank 0.10% 0.80x $10,000 -
Ameris Bank 0.10% 0.80x $25,000 -
Cadence Bank, N.A. 0.10% 0.80x $100 -
Sunshine Savings Bank 0.10% 0.80x $25 -
Bank Leumi USA 0.10% 0.80x $25,000 -
Harbor Community Bank 0.10% 0.80x $2,500 -
Intracoastal Bank 0.10% 0.80x $1 -
Prime Meridian Bank 0.10% 0.80x $1,500 -
Bank of Pensacola 0.10% 0.80x $50 -
Summit Bank, National Association 0.10% 0.80x $25,000 -
SmartBank 0.10% 0.80x $1 -
The First, A National Banking Association 0.10% 0.80x $10,000 -
Ocean Bank 0.10% 0.80x $1 -
Preferred Community Bank 0.10% 0.80x $10,000 -
Bank of the South 0.10% 0.80x $100 -
Flagship Community Bank 0.10% 0.80x $300 -
First National Bank of Wauchula 0.10% 0.80x $25,001 -
Reliance Bank 0.10% 0.80x $25 -
Natbank, National Association 0.10% 0.80x $1 -
Pilot Bank 0.10% 0.80x $1 -
Desjardins Bank, National Association 0.10% 0.80x $25,000 -
Sunstate Bank 0.10% 0.80x $2,500 -
TotalBank 0.10% 0.80x $500 -
Legacy Bank of Florida 0.10% 0.80x $25,000 -
One South Bank 0.10% 0.80x $2,500 -
Peoples National Bank 0.10% 0.80x $10,000 -
BAC Florida Bank 0.10% 0.80x $1 -
Sabal Palm Bank 0.10% 0.80x $1,000 -
CBC NATIONAL BANK 0.10% 0.80x $1 -
First National Bank of Pasco 0.10% 0.80x $2,500 -
Paradise Bank 0.10% 0.80x $1 -
U. S. Century Bank 0.10% 0.80x $500 -
Gateway Bank of Southwest Florida 0.10% 0.80x $25,000 -
FNBT BANK 0.10% 0.80x $2,500 -
Sunrise Bank 0.10% 0.80x $100 -
Bank of the Ozarks 0.10% 0.80x $10,000 -
Anthem Bank & Trust 0.10% 0.80x $1 -
Wauchula State Bank 0.10% 0.80x $1 -
The First National Bank of Mount Dora 0.10% 0.80x $50 -
Stearns Bank National Association 0.10% 0.80x $1,000 -
Centennial Bank 0.10% 0.80x $2,500 -
The First National Bank of South Miami 0.10% 0.80x $20,000 -
Columbia Bank 0.10% 0.80x $2,500 -
PeoplesSouth Bank 0.10% 0.80x $200 -
First Partners Bank 0.10% 0.80x $100 -
Compass Bank 0.10% 0.80x $20,000 -
Farmers & Merchants Bank 0.10% 0.80x $50 -
Synovus Bank 0.10% 0.80x $10,000 -
First American Bank 0.10% 0.80x $1 -
Citizens State Bank 0.10% 0.80x $2,500 -
First National Bank Northwest Florida 0.09% 0.72x $1 -
Anchor Commercial Bank 0.09% 0.72x $1,000 -
PNC Bank, National Association 0.09% 0.72x $10,000 -
Gateway Bank of Southwest Florida 0.08% 0.64x $100 -
Mackinac Savings Bank, F.S.B. 0.08% 0.64x $100 -
Ameris Bank 0.08% 0.64x $2,500 -
Renasant Bank 0.08% 0.64x $10,000 -
Sunrise Bank 0.08% 0.64x $1 -
Amerasia Bank 0.07% 0.56x $1 -
Columbia Bank 0.07% 0.56x $10 -
Gateway Bank of Southwest Florida 0.07% 0.56x $5,000 -
Marine Bank & Trust Company 0.07% 0.56x $25,000 -
Wauchula State Bank 0.06% 0.48x $25,000 -
Encore Bank, National Association 0.06% 0.48x $1 -
TD Bank, National Association 0.05% 0.40x $1 -
Citizens Bank and Trust 0.05% 0.40x $10,000 -
Union State Bank 0.05% 0.40x $1 -
Community Bank and Trust of Florida 0.05% 0.40x $1 -
OneUnited Bank 0.05% 0.40x $500 -
Heartland National Bank 0.05% 0.40x $2,500 -
CenterState Bank of Florida, National Association 0.05% 0.40x $100 -
Capital City Bank 0.05% 0.40x $1 -
Marquis Bank 0.05% 0.40x $1 -
Gateway Bank of Central Florida 0.05% 0.40x $1 -
BMO Harris Bank National Association 0.05% 0.40x $1 -
Bank of Belle Glade 0.05% 0.40x $25 -
Community Bank, Coast 0.05% 0.40x $1 -
Englewood Bank & Trust 0.05% 0.40x $1 -
Summit Bank, National Association 0.05% 0.40x $2,500 -
Eastern National Bank 0.05% 0.40x $1 -
The Northern Trust Company 0.05% 0.40x $500 -
Harbor Community Bank 0.05% 0.40x $1 -
Desjardins Bank, National Association 0.05% 0.40x $1 -
Synovus Bank 0.05% 0.40x $1 -
Citizens Bank of Florida 0.05% 0.40x $100 -
Apollo Bank 0.05% 0.40x $100 -
Fifth Third Bank 0.05% 0.40x $25,000 -
Bank Leumi USA 0.05% 0.40x $5,000 -
Compass Bank 0.05% 0.40x $1 -
Academy Bank, National Association 0.05% 0.40x $100 -
Brickell Bank 0.05% 0.40x $1 -
FirstAtlantic Bank 0.05% 0.40x $1 -
First Citrus Bank 0.05% 0.40x $2,500 -
Centennial Bank 0.05% 0.40x $1 -
Bank of the Ozarks 0.05% 0.40x $100 -
The Bank of Commerce 0.05% 0.40x $1 -
Cadence Bank, N.A. 0.05% 0.40x $1,000 -
Prime Meridian Bank 0.05% 0.40x $100 -
Banesco USA 0.05% 0.40x $300 -
Sabadell United Bank, National Association 0.05% 0.40x $1,000 -
USAmeriBank 0.05% 0.40x $1 -
MidWestOne Bank 0.05% 0.40x $1 -
First National Bank of Wauchula 0.05% 0.40x $2,500 -
Busey Bank 0.05% 0.40x $15,000 -
Drummond Community Bank 0.05% 0.40x $200 -
Preferred Community Bank 0.05% 0.40x $50 -
Iberiabank 0.05% 0.40x $1 -
Beach Community Bank 0.05% 0.40x $1 -
Natbank, National Association 0.05% 0.40x $1,000 -
Citizens First Bank 0.05% 0.40x $25,000 -
Wauchula State Bank 0.05% 0.40x $1 -
BAC Florida Bank 0.05% 0.40x $1 -
First-Citizens Bank & Trust Company 0.05% 0.40x $1 -
Florida Community Bank, National Association 0.05% 0.40x $1,000 -
Third Federal Savings and Loan Association of Cleveland 0.05% 0.40x $50 -
Peoples National Bank 0.05% 0.40x $1 -
Legacy Bank of Florida 0.05% 0.40x $10,000 -
The First, A National Banking Association 0.05% 0.40x $1 -
Banco Popular North America 0.05% 0.40x $25,000 -
U. S. Century Bank 0.05% 0.40x $250 -
National Bank of Commerce 0.05% 0.40x $50 -
The Bank of Tampa 0.05% 0.40x $25,000 -
Woodforest National Bank 0.05% 0.40x $1 -
New York Community Bank 0.05% 0.40x $25,000 -
Ameris Bank 0.05% 0.40x $100 -
Professional Bank 0.05% 0.40x $2,500 -
Home Federal Bank of Hollywood 0.05% 0.40x $100 -
Marine Bank & Trust Company 0.05% 0.40x $10,000 -
FineMark National Bank & Trust 0.05% 0.40x $1 -
The First National Bank of South Miami 0.05% 0.40x $300 -
First Green Bank 0.05% 0.40x $1 -
First American Bank 0.05% 0.40x $100 -
Armed Forces Bank, National Association 0.05% 0.40x $100 -
Trustmark National Bank 0.05% 0.40x $1,000 -
Reliance Bank 0.05% 0.40x $1 -
Encore Bank, National Association 0.05% 0.40x $100 -
The First State Bank of Arcadia 0.05% 0.40x $100 -
Branch Banking and Trust Company 0.04% 0.32x $10,000 -
Valley National Bank 0.04% 0.32x $25,000 -
Charlotte State Bank & Trust 0.04% 0.32x $25,001 -
CharterBank 0.04% 0.32x $1 -
Citizens First Bank 0.04% 0.32x $10,000 -
Comerica Bank 0.04% 0.32x $15,000 -
Jefferson Bank of Florida 0.04% 0.32x $1,000 -
Marine Bank & Trust Company 0.04% 0.32x $100 -
The First State Bank of Arcadia 0.03% 0.24x $2,500 -
Synovus Bank 0.03% 0.24x $1,000 -
Valley National Bank 0.03% 0.24x $10,000 -
Citizens Bank and Trust 0.03% 0.24x $100 -
The Bank of Tampa 0.03% 0.24x $1 -
Wells Fargo Bank, National Association 0.03% 0.24x $1 -
Busey Bank 0.03% 0.24x $2,500 -
Comerica Bank 0.03% 0.24x $1 -
Armed Forces Bank, National Association 0.03% 0.24x $1 -
Desjardins Bank, National Association 0.03% 0.24x $1 -
Charlotte State Bank & Trust 0.03% 0.24x $10,001 -
Renasant Bank 0.03% 0.24x $1 -
First Federal Bank of Florida 0.03% 0.24x $5,000 -
Whitney Bank 0.03% 0.24x $2,500 -
Bank of America, National Association 0.03% 0.24x $1 -
Marine Bank & Trust Company 0.03% 0.24x $1 -
Peoples National Bank 0.03% 0.24x $1 -
New York Community Bank 0.03% 0.24x $5,000 -
Gateway Bank of Southwest Florida 0.03% 0.24x $1 -
PNC Bank, National Association 0.03% 0.24x $1 -
Academy Bank, National Association 0.03% 0.24x $1 -
Seacoast National Bank 0.02% 0.16x $2,500 -
New York Community Bank 0.02% 0.16x $200 -
Branch Banking and Trust Company 0.02% 0.16x $1,000 -
Republic Bank & Trust Company 0.02% 0.16x $100 -
Valley National Bank 0.02% 0.16x $100 -
Charlotte State Bank & Trust 0.02% 0.16x $200 -
The Northern Trust Company 0.02% 0.16x $1 -
Synovus Bank 0.02% 0.16x $1 -
The Bank of Tampa 0.02% 0.16x $1 -
City National Bank of Florida 0.02% 0.16x $1 -
Whitney Bank 0.02% 0.16x $200 -
First Federal Bank of Florida 0.02% 0.16x $1,000 -
Citizens Bank of Florida 0.02% 0.16x $1 -
Fifth Third Bank 0.02% 0.16x $10,000 -
The Huntington National Bank 0.02% 0.16x $2,500 -
Citizens First Bank 0.02% 0.16x $2,500 -
Gateway Bank of Florida 0.01% 0.08x $1 -
Capital City Bank 0.01% 0.08x $1 -
JPMorgan Chase Bank, National Association 0.01% 0.08x $1 -
Banco Popular North America 0.01% 0.08x $1 -
Liberty Savings Bank, F.S.B. 0.01% 0.08x $1 -
Branch Banking and Trust Company 0.01% 0.08x $1 -
Bank of America, National Association 0.01% 0.08x $1 -
Regions Bank 0.01% 0.08x $2,500 -
HSBC Bank USA, National Association 0.01% 0.08x $100 -
PNC Bank, National Association 0.01% 0.08x $2,500 -
SunTrust Bank 0.01% 0.08x $1 -
FineMark National Bank & Trust 0.01% 0.08x $1 -
Fifth Third Bank 0.01% 0.08x $1 -
Legacy Bank of Florida 0.01% 0.08x $1 -
Wells Fargo Bank, National Association 0.01% 0.08x $1 -
Citibank, National Association 0.01% 0.08x $1 -
Busey Bank 0.01% 0.08x $100 -
Comerica Bank 0.01% 0.08x $1 -
Trustmark National Bank 0.01% 0.08x $300 -
Citizens First Bank 0.01% 0.08x $100 -


BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

PRODUCT INFORMATION


Local Savings Accounts 2017

Savings accounts offer depositors flexibility along with the stability of FDIC insurance (assuming your deposit amounts are within FDIC limits – see below). Savings accounts are a good place to keep money for unforeseen expenses, as well as money that you may be preparing to use and want to keep safe. Individuals often use savings accounts for a home down payment, a vacation, a wedding, a car, an emergency fund, or other near-term expenditures. However, if you have cash that you do not believe you will need for at least a year, you may want to consider investing in a certificate of deposit.

While online savings account have grown in popularity and usage dramatically over the past fifteen years, some consumers prefer opening an account in a branch and having a personal relationship with the people who safeguard their money. Physical branches also provide an easy way to get cash instantly, to deposit checks, to access to notaries, and sometimes to get free coffee and donuts.

You will find a map with all banks that are close to you here.

FDIC Insurance

BestCashCow strongly recommends that when depositing money, you stay within the insured limits of the Federal Deposit Insurance Corporation (“FDIC”). You should not deposit over $250,000 at a single bank across all products (savings or share certificates, certificates of deposit or time deposits, etc.) unless these deposits are made across different product types (individual, joint, etc). Learn more about FDIC insurance and different product types here. If you are still uncertain whether you are within FDIC limits, you should visit the FDIC's website to determine your coverage limits based on your circumstances.

Advantages of Local Savings or Money Market Accounts:

  • Higher interest rate than a checking account, usually.
  • Personal service and interaction. Unlike an online account you are building a relationship with your banker by opening it in a branch.
  • Online access. Often, depending on the size of the bank, banks enable transactions and deposits to be performed online or through a mobile application.
  • Liquidity. Depositors can withdraw their money at any time.

Disadvantages:

  • A variable interest rate. Rates can change at any time. In a falling rate environment, this is a negative. In a rising rate environment, this is a positive.
  • A lower rate than an online bank. Branches are expensive and non-online banks often can't afford to pay as much interest as an online bank.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES


Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

  • Find a bank with a location convenient to you. Location counts.
  • Choose a bank with good rates. Rates are important to get continued growth of your capital.
  • Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
  • Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
  • Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
  • Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you and be sure it is appropriate. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
  • Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
  • Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.

SAVINGS & CD BOOSTER CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

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  • george koshefsky

    April 21, 2015

    Where is the list of the worst online banks to bank with or the States to avoid

  • ctyank January 19, 2015

    January 19, 2015

    Liberty Bank...Hamden, CT...new branch opening...special savings rate, 1.50% up to $100,000.00 through 2016...do not beleive it is available to om-line customer(s)...checking account linked, free...

  • Sol @ Travis

    September 29, 2013

    @ Travis

    In many cases we do provide this information. For example, the Belmont Savings Bank rate you list above comes with a clear disclaimer if you click the Learn more button. We're always trying to improve though and will certainly continue to gather additional information. Thanks for your comment.

  • Travis MacDonald

    September 29, 2013

    I find the numbers decieving. Some of your banks listed with the highest APR have many restrictions and requirements. I feel that these should be listed on your site in the "details" section to avoid any "bait-and-switch" claims. For instance, Belmont Savings Bank in Belmont, MA is listed as having a 1.00% APR, but the savings account requires a companion checking account with a daily average balance of 250,000. Another example is Salen Five cents Bank under the online banks. The account listed is not available on their website. When I inquired about it, they told me that particular savings product was reserved as an add-on for accounts with daily balances in excess of $10,000. It seems alot of research went into the details pages in terms of company financials and whatnot. Seems like a little more research could be done on the savings and checking products themselves.

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