Which Online High-Yield Money Market & High-Interest Savings Account is Best?

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For the past couple of years, I’ve maintained this list of high-yield savings accounts by hand. That worked fine for a while, but savings account interest rates change often, and I prefer spending my time writing about personal finance.

So, now we’re providing you with this tool which monitors rates from over 200 banks and displays the top 50 highest rates. These are daily rate updates to help you find the best high yield savings account rates.

Reader reviews on the best savings accounts and over 1,600 Get Rich Slowly reader comments come after the table.

Savings Account Rates Updated August 10, 2012

The rates on this page are current as of August 10, 2012. Rates are low right now, but they’ll rise as the economic crisis eases. For more information about these banks, please see the 1,700+ comments that follow this list.

I’ve heard a lot of people mention their online high-yield savings account, but I’ve never bothered to look into them. It occurred to me today that it’s ridiculous to keep my “web money” in a no-yield checking account at Wells Fargo. As my blog revenue grows, I’m throwing away money by not having my savings someplace that pays. So how does one find the highest interest savings accounts?