Updated Latest Checking and Savings Account Interest Rates

Last updated on January 16, 2018 Views: 547 Comments: 4

Following E*trade’s announcement that they were slightly increasing the interest rate on their Complete Savings Account to 3.15%, I’ve updated the list of savings and checking account interest yields. There have been a number of changes since the last update, including the following.

  • UFB Direct dropped from 3.35% to 3.01%.
  • Kirkpatrick Bank’s Savings Square dropped from 3.25% to 3.05%.
  • E-Loan increased from 2.75% to 3.01%, plus they are offering a short promotion for new money at 3.75%.
  • Presidential Bank decreased from 2.75% to 2.6%.
  • VirtualBank decreased its entire hierarchy of rates with the lowest level down to 1.77%.

Due to popular demand, I’ve added iGoBanking to the list. This bank’s savings account is offering 3.28% APY currently, placing them towards the top of the list, below only OneUnited and Washington Mutual.

Article comments

Anonymous says:

Hey Flexo,

Great chart. I noticed you have HSBC Direct’s savings account down as supporting qfx and ofx formats. I got excited when I saw this because didn’t think I could automate this account with my Quicken at all other then by logging in and doing on-demand downloads. As far as I can see, this is still true. I saw the option for QFX, but not OFX on the site, and express web connect is not available as well. That is a world of difference from a site like e-trade that you have marked with the same notes, however on e-trade I can update my accounts with Quicken without ever having to log in to a seperate website.

Anonymous says:

Thanks for the information. I was looking into this topic and I may switch to one of the higher paying accounts which have some promotions now.