If you’re in Pittsburg, PA, you can take advantage of Alliant Credit Union Dollar Bank’s FreeMoney Savings Account. This savings account accompanies the same banks checking account, and is a high yield savings account which has only a minimum $50 deposit to open. Its 2.00% APY is certainly one of the most competitive interest rates comparing it to other high yield savings offers in the market today.

Aside from being a high interest savings account, this account has no minimum balance requirement. It also has no monthly service fees and card usage fees. The only clincher is that you can only use it if you also have the bank’s checking account. Compared to Dollar Bank’s regular personal savings account, called the Statement Savings, FreeMoney’s rates are significantly higher.

The interest rate for the regular savings account falls back to the 0.15% base. This won’t earn much at the end of the year. It also charges $2.00 for every non-dollar card usage. However, both savings accounts have no minimum balance requirements. You do have to have balances of at least $250 to earn the interest, though, and deposit at least $25 just to open the account. When we put it that way, both deals are comparatively attractive.

You would want to check the bank’s website, though, before opening an account. These rates tend to change a lot, and if you want to take advantage of high interest rates, now is the time to open that account. Dollar Bank has branches across Ohio and Pennsylvania. You can open an account online, and the companion savings account is offered outside Pittsburgh. The rates might vary, though, depending on where you’re based.

Dollar Bank’s ratings are pretty impressive. It scored four stars at Bankrate.com, and five stars from BauerFinancial.com. This financial institution is insured under FDIC listed as  a member since 1984. The bank is covered by the FDIC through certificate # 32245.