The Victory Bank Articles

Best Savings Account Rates - Don't Settle for Average Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Best Savings Account Rates - Don't Settle for Average

Average savings account rates continue to fall, with average online savings accounts yielding 0.85% APY and average local savings account rates at 0.23% APY. But there's no reason to settle for average savings rates.

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Banks Paying Above Average Savings Account Rates

We all know that savings account rates have been on a path to nowhere over the last three years since the start of the global financial crisis. Back in 2007, savings rates were as high as 6% but now the average is closer to .50% APY. But with a little bit of research, you can still find savings accounts at 1% APY and above - some even higher than 1.50% APY.

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