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Top Savings Rates Hit 5.5%, But Several Drop Slightly

Mixed Signals on Savings Account Rates

The OPM top savings rates reached 5.5% for accounts from Flagstar Bank and My Banking Direct, while accounts from Ally, American Express, Capitol One, Cloudbank, Customers Bank, Marcus, Salem Five Direct, and Valley Direct offered slightly lower rates than in previous months.

For full details, check out the OPM savings account comparison.

Spending Accounts Unchanged

Interest rates for spending accounts (aka checking, cash) haven’t changed much in the last few months.  For details on the best checking account interest rates, along with other important features and information, check out the OPM checking account comparison.

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