The best deposit interest rates are at 10% for two different types of accounts and financial institutions. But like most investments there are restrictions.
Shore Bank offers 10.00% APY on their grand slam checking account with balances from $ 0.01 to $ 1000. The big catch here is you must live in an eligible county in either Maryland or Virginia.
Affinity Bank also has an account that has a 10.00% APY on a savings account for minors. The restrictions here are that you must a California resident and the balance must be under $ 500.
Patelco Credit Union has a savings account that has an 8.00% APY for its members that live in the San Francisco area and are under the age of 21. This rate is only good for a balance of $ 1000 or less. This credit union also has a 1 year CD for new members in the San Francisco area which has a 7.00% APY but is only for $ 1000.
Montgomery Bank offers 7.01% APY on their kids club savings account for children under the age of 12 and is only good for the first $ 500.
Boeing Employee Credit Union offers a savings with member's advantage and early savers accounts for balances up to $ 500 that has an APY of 6.17%. This is available for all residents and students in the state of Washington as well as former and present employees of Boeing Aircraft Corporation.
There is Alliance Bank with their Freedom Checking rewards checking account that has an APY of 5.00% with restrictions. The restrictions include that there must be one ATM transaction per month, use internet banking, receive their statement online and make 10 debit card transactions per cycle.
There are great deals out there if you are lucky enough to live in the right place. The best deposit interest rates give a great return but watch out for the restrictions.