3.60% High Yield Savings Account at OnBank

The high-yield money-market competition is dwindling. With Washington Mutual out and HSBC bringing down rates, OnBank from M&T Bank is increasing its rate to 3.60% APY.

Get OnBank Money Market Savings for... a high-yield, no minimum, no fee online account, backed by M&T Bank.

With no service charges and no minimum to earn the highest money market rates, OnBank can give online savings leaders HSBC Direct, ING DIRECT and E*Trade a run for their money. But if these competitors have shown us anything, it’s that highly-marketed accounts eventually head to the middle of the pack. Someone has to pay for all those ads and it might as well be you.

About OnBank Savings

OnBank is the online-only banking division of M&T Bank. OnBank allows you to open, fund, and manage your savings account completely online, and offers both Money Market Savings as well as 24 Month CDs.

OnBank Savings Reviews

2.0
May 28, 2008 10:44 am

I've known a few people who have had a terrible time with M&T Customer Service.

4.0
Staff
May 27, 2008 5:10 pm

If the market makes you nervous, finding a high-yield safe savings account is a good option.

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Provided by Informa 11.21.08