Best Savings Account

Rank 

Item

Reasons it's among the best

1.

Offered through HSBC Direct

High 5.05% APY. Only need $1 to open an account. ATM cards are available for withdrawing money.

2.

Offered through Amboy Direct

5.25% APY with no minimum or fees for account. Regular transfers can be set up.

3.

Offered through Emigrant Direct

5.05% APY. In addition to no minimum balance, direct deposits can be set up with this account.

4.

Offered through Citibank

High 5% APY with no minimum balance. ATM transactions are available when you link to the Citibank EZ Checking. This is an online money market savings account.

5.

Offered through ING Direct

No minimum account balance or fees are associated with this account. Set up an automatic savings plan. Yield 4.4% APY; get a bonus if you register through a referral with a minimum deposit.

6.

Offered through GMAC Bank

APY of 5% for balances above $500. Minimum opening deposit of $50. Can get a check card linked to savings account, and use STAR/CIRRUS ATMs.

7.

Offered through Washington Mutual

Depending on the amount deposited, the APY is figured according to balance. Offers ATM, in-person, and telephone banking. No monthly charge, although certain fees may apply.

8.

Offered through Countrywide Bank

Minimum opening deposit is $1,000. Tiered APY depending on account balance.

9.

Offered through E-Loan

Minimum account opening is $5,000. High 5.5% APY. They do not accept wire, cash, or check deposits.

10.

Offered through Principal Bank

Opening balance of $25,000. Need to maintain opening balance to avoid fees. Interest rates begin at 5% for opening balance amount and are tiered from there on up.