updated as on May 2, 2009
Most of the top online savings companies are offering 1.75%-2.00% APY. The highest interest rate offered for May 2009 is Dollar SAvings Bank (formerly Emigrant Direct) with 2.00% APY. Closely following Dollar Savings is FNBO Direct and followed by Everbank.
Best Online Savings Accounts Rate for May 2009
| Company Name | APY% Rate | Miniumum Balance |
| Dollar Savings Bank | 2.00% | $1,000 |
| FNBO Direct | 1.90% | $1 |
| Everbank | 1.87% (#1) | $1,500 |
| WT Direct | 1.76% | $10,000 |
| Discover Bank | 1.75% (#2) | $2,500 |
| HSBC Direct | 1.65% | $1 |
Footnote:
- #1: 2.51% first 3 months
- #2 (2.00% for balance over $25,000)
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