With the crash of the stock exchange last year, many people lost money and now they are looking at banks to save money and give them interest on the same. The banks in the United States Bank pay less interest as the interests are lowered by the Federal Reserve. Finding a good bank is difficult in these times when there is a drop in CD rates, saving account rates and checking rates.

To begin with AIG, Countrywide Bank and Washington Mutual Bank failed and because of this the banks finally stopped the race that they had online by providing higher interest rates. After this, most of the leading banks lowered their interest rates, especially on the high interest money market savings account. 

In 2009 the best bank rates were seen at the new Ally Bank which was formerly known as GMAC Bank, the WT Direct and Dollar Savings Account. Nobody can now see a saving accounts interest of more than 3% anywhere. In 2009 the saving account rates have been around 2%. To find high rates is a story of the distant past and one no longer can find high rates. There are many sites on the internet which provides a list of the banks along with the saving account rates which makes it easier for you to choose the bank and know the one that pays the highest rates.

More Articles :

• Difference Between Money Market Account And Savings Account
• How Does A Money Market Account Work ?
• Money Market Saving Account Rates
• What Is A Money Market Account ?
• What Is The Advantage Of A Money Market Account ?