High APY Online Banking Rates

High APY online banking rates are a great way to earn high interest rates when investing your money in online bank accounts.

These online savings accounts and online checking accounts provide some of the highest interest rates available from any bank.

Online banking accounts offer higher interest rates than most brick-and-mortar bank accounts, because they have less operating costs.

Most online bank accounts are also free, so you can really earn great interest rates with no fees from these free online accounts.

These Internet banking accounts are fully FDIC-insured, so your money is completely secure when deposited in online savings and checking accounts.

Take advantage of these high-interest bank accounts to earn a great interest rate when you deposit your money into a safe online bank account.

High APY Online Bank Rates

Get high banking rates with no fees from these online deposit accounts.

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Ally Bank

Ally Bank

Ally Online Savings Account – 1.25% APY (as of 8/31/2010)

The Ally Bank Online Savings Account offers a high APY with no minimum balance requirements, no monthly maintenance fees, and no minimum opening balance requirement.

Read our Ally Bank Account Review for more details on Ally Bank online bank accounts.

Read our Ally Bank Interest Checking Account Review to earn interest on your checking account deposits with no banking fees.

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American Express Personal Savings

American Express Personal Savings

American Express High-Yield Savings Account – 1.30% APY

American Express personal savings accounts include online high-yield savings accounts with no monthly fees and no minimum balance requirements as well as certificate of deposit accounts with high interest rates.

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Bank of Internet

Bank of Internet

Bank of Internet High Yield Savings Account – .80% APY

The Bank of Internet High Yield Savings Account offers a high APY with no minimum balance requirements, no monthly maintenance fees, and a low $100 minimum opening deposit requirement.

Read our Bank of Internet Account Review for more details on Bank of Internet online bank accounts.

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Capital One Direct Banking

Capital One Direct Banking

Capital One InterestPlus Online Savings Account – up to 1.35% APY

The Capital One Online Savings Account has no maintenance fees, free online transfers, and a low $1 minimum balance requirement to open this FDIC-insured online savings account. However, this online savings account offers a tiered interest rate and a minimum daily balance of $10,000 or more is required to receive the full APY.

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Discover Bank

Discover Bank

Discover Bank Online Savings Account – 1.35% APY

Discover Bank offers a free online savings account with high interest rates as well as money market accounts, CDs, and IRA CDs with great rates.

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Dollar Savings Direct

Dollar Savings Direct

Dollar Savings Account – 1.20% APY

Dollar Savings Direct, a division of Emigrant Bank, offers a high-interest rate online savings account with no fees and no service charges, plus this FDIC-insured online bank account is completely secure.

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Emigrant Direct

Emigrant Direct

AmericanDream Savings Account – 1.00% APY

Emigrant Direct, a division of Emigrant Bank, offers the AmericanDream Savings Account with a great interest rate, no minimum balance requirements, and no banking fees.

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EverBank

EverBank

EverBank FreeNet Checking Account – 2.25% APY for 3 Months

EverBank Yield Pledge Money Market Account – 2.25% APY for 3 Months

The EverBank high yield checking and high yield money market accounts offer an incredible 3-month bonus rate and a high APY thereafter, although the checking account does require higher balances to receive the full interest rate potential after the initial 3 month bonus period. Both of these EverBank online accounts have a $1,500 minimum opening balance requirement. The checking account has no maintenance fees and no minimum balance requirements while the money market account requires a $1,500 minimum balance to avoid the $4.95 monthly maintenance fee.

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FNBO Direct

FNBO Direct

FNBO Direct Online Savings Account – 1.10% APY

FNBO Direct offers the Online Savings Account with no fees, no minimum balance requirements, a low $1 minimum opening deposit requirement, and a high rate APY.

Read our FNBO Direct Banking Review for more details on FNBO Direct Online Savings Accounts and the ExtraEarnings Visa Card that offers a 2% cash rebate on purchases for your first year with no annual fee.

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HSBC Advance

HSBC Advance

HSBC Advance Online Savings Account – 1.10% APY

HSBC Advance offers an Online Savings Account with a high APY, no minimum balance requirements, and no maintenance fees as well as additional online banking services.

The HSBC Advance Online Savings Account is one of the highest savings rates available and is FDIC-insured to guarantee your deposited funds are secure.

Read our full HSBC Advance Savings Account Review for more details on this free online bank account from HSBC Advance.

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iGObanking

iGObanking

iGOsavings High Interest Savings Account – 1.21% APY

The iGOsavings account from iGObanking.com is a high interest online savings account with no monthly maintenance charges and a low $1 minimum balance requirement. iGObanking offers high interest checking accounts, savings accounts, and CDs that are fully FDIC insured, so your money is safe in iGObanking online accounts.

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ING Direct

ING Direct

ING Direct Orange Savings Account – 1.10% APY

ING Direct Electric Orange Checking Account – up to 1.25% APY

ING Direct offers online bank accounts including the Orange Savings account with a great APY, no fees, and no minimums as well as the Electric Orange high-interest checking account. The Electric Orange checking account does require higher balances to receive the full interest rate.

Get an ING Direct $25 Bonus when you open your free online savings account or online checking account from ING Direct.

Read our ING Direct Bank Review for more information about ING Direct online banking and home mortgage loans.

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Sallie Mae Bank

Sallie Mae Bank

Sallie Mae Online High-Yield Savings Account – 1.40% APY

The Sallie Mae Online High-Yield Savings Account is a free online savings account with no monthly maintenance fees and no minimum balance requirement, plus you’ll receive a high interest rate on your deposited funds.

Read our Sallie Mae Online Savings Account Review for more details on earning 10% in Upromise matching funds with your Sallie Mae savings account.

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ShoreBank

ShoreBank

ShoreBank Direct Online Savings Account – 1.19% APY

ShoreBank offers the Direct Online Savings Account with a high interest rate and no fees, plus ShoreBank contributes to community services. You’ll receive a 1.19% APY with a minimum balance of $100,000, or a 1.03% APY with balances between $1 and $99,999.99.

Read our ShoreBank Review for more details on this online savings account.

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VirtualBank

VirtualBank

VirtualBank eMoney Market Accounts – up to 1.16% APY

VirtualBank offers online savings accounts, checking accounts, and the free eMoney Market account with a great interest rate, although higher balances are required to earn the full interest rate with the eMoney Market account.

Get a VirtualBank $20 eMoney Market Bonus when you open an eMoney Market account from VirtualBank.

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WTDirect

WTDirect

WTDirect Savings Account – 1.21% APY for 60 Days

The WTDirect Savings Account offers a high APY with no maintenance fees and a low $1 minimum opening balance requirement. After the first 60 days, you must have a balance of $10,000 or higher to receive the full APY, or you will receive a 0.15% APY for balances less than $10,000.

Read our WTDirect Account Review for more details on the WTDirect Online Savings Account.

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Zions Bank

Zions Bank

Zions Bank Internet Savings Account – 1.11% APY

Zions Bank Internet Money Market Account – 1.11% APY

The Zions Internet Savings Account has no monthly fees with a low $100 minimum opening balance requirement, but a $1,000 minimum balance is required to receive the high interest rate. The Internet Money Market Account has no monthly fees as well, but a $2,500 minimum balance is required to earn the full interest rate. Both of these Zions Bank deposit accounts are FDIC-insured free online bank accounts.

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Take advantage of these online bank accounts to get the best interest rates with no banking fees for fully FDIC-insured online checking accounts and online savings accounts that provide high-interest Internet banking.