Best Online Savings Accounts 2011

Check out these popular online Savings Account deals. Rate last updated February 4, 2011.

• EverBank Yield Pledge Money Market Account 1.26% Bonus Rate
• Sallie Mae Savings Account 1.10% APY
• Zions Bank Internet Savings Account 1.01% APY
• Discover Bank Savings Account 1.15% APY
• FNBO Direct Online Savings Account 1.00 % APY
• HSBC Advance Online Savings Account 0.90% APY
• ING Direct Orange Savings Account 1.00% APY
• Ally Bank Onlines Savings Account 1.00% APY

EverBank Yield Pledge Money Market Account 1.26% Bonus Rate

Highlight: EverBank Yield Pledge Money Market Account currently has a 3-month introductory rate of 1.26%. The introductory rate will be good until the end of this year. You can earn an yield of 1.06% for the first year with account balance up to $50,000. The Money Market account has a minimum initial balance of $1,500 to avoid the $4.95 monthly account fee.

Zions Bank Internet Savings Account 1.01% APY

Highlight: Zions Bank Internet Savings Account has one the highest rates for online savings accounts. A minimum deposit of $100 is required to open an account, and a balance of $1,000 is needed to earn 1.01% APY with no monthly service fee. Zions Bank also offer Money Market Account at 1.06% APY and Interest Checking Account at 0.40% APY.

Ally Bank Onlines Savings Account 1.00% APY

Highlight: Ally Bank Online Savings Account has one the best online savings accounts. With just $1 to open an account, you can enjoy the 1.00% APY with no minimum balance requirement and no monthly service fee.

Sallie Mae Savings Account 1.10% APY

Highlight: Sallie Mae Savings Account offers a competitive yield of 1.10% APY. The account has no minimum balance requirement and no monthly maintenance fee. Plus, you will get 10% annual match on your Upromise earnings from Upromise. Sallie Mae Savings Account was name 2010 The Best Savings Online Account by Kiplinger.

Discover Bank Online Savings Account 1.15% APY

Highlight: Discover Bank Savings Account offers a very solid  1.15% APY. The account requires $500 initial deposit to open an account and no monthly account fee. Discover Bank also offers CD products.

FNBO Direct Online Savings Account 1.00% APY

Highlight: FNBO Direct Online Savings Account, which was named the Best Online Savings Account in 2008 Kiplinger, offers an attractive 1.00% APY with no monthly fee and no minimum ($1 to earn interest). With FNBO Direct, you will enjoy the flexibility of online banking while getting great returns for your money.

ING Direct Orange Savings Account 1.00% APY

Highlight: ING Direct Orange Savings Account, one of the oldest direct online savings accounts, has the largest customer basis among all major online banks. The Orange Savings account currently yields 1.00% annually with no account maintenance fee and no minimum. With ING Direct, you know your money is in good hands.

HSBC Advance Online Savings Account 0.90% AP

Highlight: HSBC, one of the world’s largest financial institutions, offers a competitive 0.90% APY through its HSBC Advance Online Savings Account that has no monthly fee and no minimum balance requirement. In addition, HSBC Direct also has interest checking account and CDs to meet all your banking needs.