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Given the current economic climate, saving money is more important than it has ever been. The easiest way to save money without risk is to put your savings in an online account with a high APY, or annual percentage yield. Since online banks do not have to maintain brick and mortar locations, they can afford to offer more favorable interest rates. We have reviewed the best high yield savings accounts, comparing the APY, fees, and account maintenance requirements. Check out the comparison chart below or read our detailed individual reviews. To learn more about online savings accounts, visit our FAQ.
Savings Accounts Reviews & Prices
Updated 01-27-2012
| Service Name: | APY: | Monthly Fees: | Minimum Balance to Maintain: | Minimum to Open Account: | Maximum Withdrawals Per Month: | Deposit and Withdrawal Methods: | Bottom Line: |
 | 0.80% | None | $0 | $0 | 6 | Electronic transfer, wire, check | Feature-rich, reliable, and fast |
 | 0.84% (as of 1/12/12) | None | $0 | $0 | 6 | Electronic transfer, wire, check | Good, high-yield option with $0 minimum balance and $0 start up deposit |
 | 0.90% | None | $0 | $1 | 6 | Electronic transfer, wire, check, ATMs | Great choice, particularly for those who want ATM access |
 | 0.76% | $8.95 for balances under $5,000, none for balances over $5,000 | $5,000 or $8.95 monthly charge | $1,500 | 6 | Electronic transfer, wire, check | Good for those who will maintain a balance above $5,000 |
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