Fidelity Bank offers a high yield savings account that offers their best interest rates for large balances. The high interest savings account is a tiered account that has the top savings interest rates of 1.75% APY for balances through $100,000.

The interest rate drops to 1.25% APY for balances of $50K through $100K and to a still competitive savings interest rate of 1.00% APY for lower account balances. The best interest rates are offered for both their personal savings and business savings account. The current interest rates are still listed on the bank’s website as of April 22.

You can open this savings account for a minimum initial deposit of $50. You might want to inquire with the bank with regard to factors that may affect the earnings of your savings account since these things are not detailed on the bank’s website.

It seems that you need to visit a branch to open an account. They have offices spread across the Metro Area of Atlanta. They also operate an office in Jacksonville, Florida. Take note that this money in the bank deal is only offered to their consumers in GA and FL.

If you want to know more about the products and services of Fidelity Bank, you can call them through 888-248-LION(546).

Fidelity Bank has some weak financial ratings. Bankrate.com issued 2 stars for soundness and safety while BauerFinancial stamped their performance report with 3 stars. The ratings are based on the agencies’ collected data on December and September 2009, respectively. It will be wise to stay within the limits of the FDIC.

The bank is covered by the FDIC since 1974. They are listed with certificate number 21440.