AARP Financial Savings Center offers a competitive high interest savings account which earns 1.00% APY. You only need an initial funding of $1 to enjoy the best interest rates. The account comes with a free ATM card and also has a program to refund incurred ATM fees by the account holder.

Interested individuals can open the high interest savings account by completing the application form online. The website does not detail a lot about the application process. It will be best to contact the bank with regard to fees, funding the account, and other concerns. You can reach them through 1866-421-5806. They also have an assistance form which you can send through their website.

AARP Financial Savings Center is made available by the AARP Financial Inc. which is a subsidiary of AARP. All deposits made through AARP Financial is processed and held by Waterfield Bank. Waterfield is covered by the FDIC.

A money in the bank deal is being offered by Grand Yield Direct through their online high yield savings account that earns 1.40% APY on all balances.

The high interest savings account can only be opened online. This is how the bank is able to maintain the attractive interest rates for these consumer products. You can send your initial funding via ACH or you can also mail a check to the bank. You can also have a joint account holder if you opt to for this account.

Interestof this savings account is compounded every month. You don’t have to worry about any monthly fees when you manage this savings account.

You can monitor your deposit through your online account access any time. You will also receive a monthly statement from Apple Bank or it will be quarterly if there are no account activities.

The bank representative we spoke to is not sure if there is a hard credit pull done during application so it will be safe to call the bank to inquire if you do not want a ding on your credit score.

Regular ACH transfers will not cost you anything but you need to pay $10 if you want the transaction to be completed on the next business day.

Grand Yield Direct is an online consumer product from Apple Bank for Savings.

Apple Bank for Savings is headquartered in New York. It is well funded institution with about $7 billion in assets. It manages about 50 branches spread across New York including offices in the Long Island, 5 boroughs, and Westchester County.

The bank is a member of the FDIC.

Franklin Synergy Bank has an online savings account that offers the highest interest rate of 1.75% APY for deposits of $25,000 and up. Anything below $25K gets 1.35% APY. Earnings for this savings account are paid on a quarterly basis.

The E-Savings Account can be opened online through a secured application portal. The info page about the account says a max of $500 is accepted coming from an external account.

This money in the bank deal allows three withdrawals every month. It will cost you $5 per transaction. The bank may also convert your account into another account if you repeatedly go over this transaction limitations or the bank can close your account.

The bank is a new bank which was established just in 2007. Franklin Synergy Bank is based in Franklin, Tennessee. It has small operations with assets amounting to $221 million and deposits at $173 million.

BauerFinancial still tags this bank as a start up institution while bankrate.com issued 3 stars for soundness and safety.

The bank is covered by the FDIC with certificate number 58714.

Salem Five Direct is still offering their high yield savings account called eOne Savings Account which earns 1.25% APY for deposits of up to $1 Million. This high interest savings account does not have a minimum balance requirement and does not impose any monthly service fees.

You can take advantage of the best interest rates by completing a form online. According to the bank’s customer service they do a hard credit pull when you apply for an account but one of our readers reported that he did not get a hit when he opened one of these eOne accounts from Sale Five Direct.

Take note that this savings account is only offered online. You cannot open this kind of account at any of their branches. When you sign up online, you will need a your social security number, driver’s license number, home address, email address, and joint owner information if you have one.

You can initially fund your savings via electronic transfer. Make sure you have your account number, routing number, and name of bank from which the funds will be drawn.

Salem Five Direct is the online division of Salem Five Cents Savings Bank based in Massachusetts. The bank has a long history of banking experience with a declared asset of almost $3 billion. If you want to know more about their products and services, you can call Salem Five Direct through 1800-850-5000.

BauerFinancial issued 4 stars while bankrate.com gave the bank 3 stars when they reviewed its performance using their March 2009 data.

Salem Five is insured with the FDIC through certificate # 23296. They are also a member of the DIF.

Presidential Bank is still pushing for their Premier Savings Account which is a high interest savings account that earns 1.25% APY for deposits up to $$35,000. Funds above the $35K line earns 0.75% APY. The bank asks for an initial funding of $5,000 when you open the savings account.

This money in the bank deal does not entail any monthly service fees. The bank also does not require any minimum balance to be maintained.

You can use the online application if you want to open an account. Presidential Bank will send you a packet about the Premier Savings Account along with a signature card that you must accomplish and send back to them. The bank will ask for a copy of your driver’s license and another proof of identity.

You can send in the initial funds via ACH transfer. The transaction usually takes around 4 banking days to complete. The bank limits your transaction to $15,000 on a daily basis and $25,000 every month.

Once you open this high yield savings account, you get free access to online banking, archived bank statements, deposit confirmation via email, copy of checks and other transactions online.

The interest of the savings account is compounded and credited to your account every month. The interest rate of the Premier Savings account with Presidential Bank has been pretty steady the past few months despite the fall of interest rates being offered in the market.

Since 1985, the bank has been indexed with the FDIC.

CapitalOne Direct Banking invites consumers to take advantage of their high yield savings account called InterestPlus Online Savings that has a current interest rate of 1.45% APY for deposits of at least $2,500.

The high interest savings account alos gives a 10% bonus on a quarterly basis on top of the interest earned by the account. You can qualify for this savings account bonus if you can maintain $15,000 in you account every month or use a CapitalOne credit card for your purchases at least once a month.

According to the savings account disclosure, the bonus will be credited to your account within 1 or 2 months after each quarter. You will also be able to see it on your account statement.

Those who want to open an account can conveniently do so from the comforts of their own home. CapitalOne has an online application that you can complete. The initial deposits can be done by mailing in a check, transferring money from another bank account, or do an internal transfer from your other CapitalOne account.

Withdrawal of funds is also very easy with their online banking facility. You can transfer funds from your online savings account to your other existing bank accounts. Take note though that online withdrawals is quite different from your regular savings since this is limited to six withdrawals per moth.

Likewise, deposits can also be done by transferring money from your existing bank account to your online savings account with CapitalOne. Transactions usually complete after one banking day. Another option is to mail in a check or wire money to your account.

There are no fees associated with this savings account. Special fees apply for outbound wire transfers that will cost you $20.

All online savings accounts are deposited with Capital One Bank (USA), N.A. It is also owned byCapital One Financial Corporation.

Last March 2009, Bankrate.com issued 4 stars for soundness and safety of Capital One. BauerFinancial stamped 3 ½ stars for its performance. The bank is insured with the FDIC through certificate number 4297.

Provident Credit Union has a money in the bank deal through their high yield savings account called Accumulator Savings Plan. The guaranteed floor APY for 2010 is 0.25% with the high interest savings account having a current interest rate of 1.59% APY.

The Accumulator savings account is perfect for those who want to save up for important things like a holiday trip, taxes, or property. Here are some of its features:

• The floor APY is typically higher than a 12-month certificate of deposit
• It is very convenient with all of your deposits done through direct deposit of auto-transfer
• Funds must be transferred to your credit union savings account once a year
• Earnings are credited on the last calendar day of the month when you schedule the transfer to happen
• You will forfeit all your earnings if you decide to withdraw before the date you selected for the transfer of funds to your savings account
• The savings plan is limited to deposits of $3,000 per month for every member
• APY is variable and may change every 1st day of the month

Interested individuals can open an account online. The credit union requires a membership fee of $5 into a share savings account. You can use the online application for to join Provident and apply for an account. You can also print out the form, complete it, and bring it to the nearest local branch of the credit union. Provident can also serve you through Credit Union Service Centers if you don’t know of a local branch near your place.

You can join the credit union via accredited associations like the American Cancer Society or the Sierra Club. The Sierra Club collects a $25 membership fee.

If you are from from California may be automatically qualified for membership if you are from Humboldt, Placer, El Dorado, Sacramento, Monterey, Contra Costa, Alameda, Santa Clara, San Francisco, or San Mateo. People from Los Angeles are eligible to join.

Provident Credit Union is a large organization with about $1.6 billion in assets and a member base of about 97,000. They are covered by the NCUA through charter number 66343.

DanversBank is pushing for their high yield savings account online that has a current interest rate of 1.50% APY. This high interest savings account needs at least $1 of funding to open.

Interested individuals can easily open an account online. One good feature about the application process is that it involves certain security questions to protect consumers from fraud and identity theft.

The interest that we have here is still posted as of February 15 but it can be changed any time without notice.

According to the website, you can send an initial fund of as much as $100,000 via ACH for the first time. Moving forward, you can make additional deposits any time.

Take note that you cannot fund this savings account from a credit card. You need to send them via ACH from your existing Danversbank account or from another bank. Internal transfers usually complete the next business day while ACH transfer from another bank takes about 3 business days.

If you have questions about the product or the application process, you can contact the bank’s customer service hotline through 1800-771-8200.

DanversBank is a well funded institution with about $171 million of capital during its initial public offering in 2008. The bank also did not participate in any subprime mortgage loans.

It seems that this offer is nationwide. DanversBank is headquartered in Massachusetts but it has several offices spread across other major cities in the United States.

The bank is index with the FDIC through certificate number 90185.

Clear Sky Accounts , a subsidiary of Chesapeake Bank, offers a high interest savings account that offers attractive interest rates. The current interest rates show that deposits from $1 to $250,000 earn a good 1.60% APY. Anything beyond the $250K line gets 0.50% APY.

Interested individuals open the savings account online. The website boasts that the whole process will only take 15 minutes for new customers and about 5 minutes for existing clients. Just make sure you have a valid ID handy like drivers license; address information; access to a valid email account.

Once you have applied for an account, you can send your funds to your high yield savings account by transferring money from your existing Chesapeake account, make a bank to bank transfer, send in a check via mail, or make drop by a branch and complete a deposit. Subsequent funds can be done through bank to bank transfers or by mailing in a check. The bank’s routing number is 051403779.

The customer service representative told us that they do not do a hard credit pull when you apply for an account. It will be wise to check with the bank if you are worried about your credit score. You can inquire through 1877-257-7594.

Clear Sky Accounts is a product of Chesapeake Bank which has a long story of banking dating back to 1900. All off the Clear Sky accounts are completely online and paperless.

Clear Sky Accounts is covered by the FDIC through its mother company headquartered in Virginia. Chesapeake Bank has been indexed with FDIC since 1934 under certificate number 6862.

Chesapeake Bank received 4 stars for its performance from both Bankrate.com and BauerFinancial. These were based on their September 2009 data.

Centennial Bank through its online division CBDirect.com offers a very attractive money in the bank deal called Optimal Online Savings Account which has current interest rates of 1.50% APY.

Interested individuals can open and fund this high yield savings account online. Minimum balance requirement is just $1. All earnings compound on a daily basis and credited to your account on a monthly basis. This savings account can be opened by qualified individuals from any state of the U.S.

When you complete the application form for this high interest savings account, you will get an email from the bank letting you know that your account has been approved. You will also get emails instructing you how to complete the application process. Once completed, you will be given a username sent through your email inbox. A temporary password will be sent via snail mail.

Once you can access your online savings account, you can fund the account by transferring funds electronically from your linked accounts. These funds will be going through ACH and complete the process in 2 to 4 business days. You can also mail in a check for initial funding if that is your preference. You can find the information on how to send the check on the bank’s website.

The website does not detail the fees and limitations which may affect the earnings of your savings. You can contact the bank through their customer service at 1888-449-3398. The bank is headquartered in Orem, Utah.

Centennial Bank is insured with the FDIC since 1989. It is indexed under certificate number 32707. They have deposits of around $708.5 million and about $872.9 million.