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Bankrate has more than four decades of experience in financial publishing, so you know you’re getting information you can trust. is a subsidiary of CIT Group Inc., a financial holding company founded in 1908.

Bankrate was born in 1976 as “Bank Rate Monitor,” a print publisher for the banking industry and has been online since 1996. Outlets such as The Wall Street Journal, USA Today, The New York Times, CNBC and Bloomberg depend on Bankrate as the trusted source of financial rates and information. Perks: CIT offers competitive yields on its accounts and has a couple of options for savers.

Bankrate's experts have analyzed the best savings accounts and here are our top rates: Best for: High-yield rate Overview: CIT Bank is a nationwide direct bank and is a division of CIT Bank, N. Both the Savings Builder and the Premier High Yield Savings accounts have daily compounding.

But the Savings Builder – as long as you open it with at least $100 and keep making at least $100 in monthly deposits – earns a very competitive 2.45% APY.

What to watch for: In order to get the 2.45% APY on the Savings Builder account, you need to maintain a $25,000 balance or open the account with at least $100 and make $100 monthly deposits.

If you have under $25,000 or don’t make monthly deposits of at least $100, you’ll earn a variable rate, which is currently 1.17% APY.

Best for: Runner-up high-yield rate Overview: CIBC Bank USA, formerly The Private Bank and Trust Company, was founded in 1991 and is based in Chicago.

It was rebranded as CIBC Bank USA and offers one of the most competitive APYs on a savings account.

Perks: If you don’t like maintenance fees, the CIBC Bank USA Agility Online Savings Account might be for you.

The bank proudly states that this account has no maintenance fee.

CIBC Bank USA also has a mobile app for both Apple and Android.

What to watch for: CIBC Bank USA has a great combination of one of the highest savings APYs and one of the lowest minimum balances, which is $1.