Ken Tumin
Ken Tumin, founder of DepositAccounts.com, which monitors interest rates at more than 8,000 banks and credit unions.
Here are nationally available accounts with the best recent annual percentage yields (APY) as of January 20…
Savings and money-market accounts…
• All-American Bank Mega Money Market, 1.25% APY on balances up to $35,000.
• Incredible Bank Incredible Savings, 1.17% on balances up to $250,000.
Rewards checking…
• Main Street Bank of Bingham Farms, Michigan, offers “Kasasa Cash,” yielding 2.25% for balances up to $25,000 with monthly requirements including 12 debit card purchases.
• Lake Michigan Credit Union, which you can join for a onetime $5 donation, offers Maximum Checking yielding 3% on balances up to $15,000 (that’s $450 per year) with monthly requirements that include direct deposit, signing up for electronic statements and 10 debit card purchases.
CDs…
• A one-year CD yielding 1.4% on balances of at least $500 is offered by Lake Michigan Credit Union, which you can join for a onetime $5 donation.
• A one-year CD yielding 1.3% is offered by Capital One 360.
• A 15-month CD yielding 1.51% with a $500 minimum and no maximum is offered by US Alliance Financial.