Compare High Yield Savings Account Rates Today – Local and Regional Community Bank Interest Rate Offers Over 3%
Posted on | May 18, 2011 | Comments Off
After the credit crisis many Americans started to save a significant amount of money due to the fact that they did not want to put themselves in the position they were during the housing bubble fallout. Some of these individuals are now looking to compare high yield savings account interest rates today. It is important to note that there are some local and regional banks are offering interest rates above 3% on a checking account.
Most of these local community banks require that individuals have a residency in a specific area before accepting any applications for a high yield savings account. Crescent State Bank located in Cary North Carolina offers interest rates as high as 3.01% on the checking account that it is important to note that there are certain requirements that must be met.
Individuals must have used an ATM or debit card at least 10 times in a month, at least one electronic transfer into the account and remain very active with his bank account. This is common for many local and regional community banks that are willing to offer very high rates at the present time.
With the advancements in technology it is now the case the customer should be able to do a significant amount of research from the comfort of their home or office. With Community Bank interest rates a very attractive levels at the present time there is no reason to pass up an opportunity to build great wealth by seeing accumulating interest build over time.
As we get closer to the summer of 2011 it will be very interesting to see what happens with overall savings account interest rates but at the present time there are still many opportunities to lock into rates over 3%. It is important to note that most national banks offer the convenience of many branch locations but they do not have as high of interest rates as some of the local banks.
Author: Heather Best
Tags: compare bank account rates > compare checking account rates > compare high yield savings accounts > compare savings account rates > high interest checking account > high interest savings account