Highest Online Savings Rates

Green banking is all about reducing the carbon footprint of our banking activities. Of course that doesn’t mean we can’t earn a great interest rate while we bank green. It just so happens that some of the best savings account rates are available from online-only bank saving accounts.  This is great news. You can earn a higher savings account rate and bank eco-friendly at the same time. In some cases the online bank is a division of a large bank and in other cases it is a true internet-only bank. Either way the rates are good and the accounts are pro-environment. Green Bank Report is listing the highest rates on savings accounts as ranked by APY:

Featured Online Savings Account Rates

  • Tennessee Commerce Bank, 1.50% APY, must open a checking account to qualify for highest rates, APY quoted applies to balances between $250 to $99,999.99, link
  • SmartyPig, 1.35% APY, $1 minimum deposit, link
  • Salem Five Direct, 1.25% APY, minimum deposit $1, maximum deposit APY applies to is $1,000,000, link
  • Flagstar Bank, 1.25% APY, $1 minimum deposit, promotional rate unavailable in all states, link
  • SFGI Direct, 1.21% APY, $1 minimum deposit, link
  • American Express Bank, 1.15%, APY, $0 minimum deposit, link

Banks listed are insured by the FDIC up to $250,000 per depositor. Rates may vary based on geographic location or deposit amount.

Online savings account rates may be higher than savings account rates available through bank branches. Savers who need the ability to write checks or withdraw funds online can find the highest rates on money market accounts posted at Green Bank Report. Money market accounts allow 6 withdrawals per month.

CD rates and bank deposit rates



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  1. [...] is 1.35%. Of course this is not a rate that will knock your socks off, but it ranks among the highest online savings account rates  in the country. The big investment kicker with the SmartyPig account comes with the retailer [...]

  2. [...] to be  indexed to US Treasury yields. Treasury yield are at an all-time low and are well below the highest online savings rates. Even worse, sometimes banks set the variable CD rate at 10 or 20 basis points below even the [...]

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