If you don’t mind purely online transactions, the eSavings account offered at QNB Bank might be the high yield savings account you’re looking for. This earns as much as 1.60% APY, a rate exclusive to this eSavings account. The other personal savings accounts also have competitive rates but non which go over 0.50% APY.

The 1.60% APY is usually applied to savings accounts which complement checking accounts from the same bank. Unlike these savings accounts, though, the eSavings account is not tied down to a checking account. You’re basically just rewarded for letting the bank save on overhead since all of your transactions will be carried out online.

You can also access your account through ATMs, so this is just as good as other savings accounts also offered by QNB. All of your statements will be delivered electronically, and you won’t be charged monthly service charges nor asked to maintain a certain balance. The latter is pretty rate for a high interest savings account.

To open this account, all you have to do is go to the bank’s website and look for the eSavings account’s page. You’ll see a button with the words “Open An Account” which will then lead you to an online application form. This is a safe form powered by LinkQ, so you don’t have to worry about identity theft. There are no limitations stated on the page, so it’s safe to say that the account is being offered nationwide.

While rates for savings accounts don’t change as frequently as other bank deals, it’s still best for you to double check the rates before you apply. Right now, the rate it very competitive, but things can change in a matter of days.

The ratings for the bank are fair. It earned three stars from Bankrate.com and four stars from BauerFinancial. QNB Bank is based in Florida, and is insured by and a member of FDIC. The bank holds FDIC Certificate # 7714.