Once again, we compile the the companies that offer the best online savings rate for the month of April 2009.  It seems like rates are dropping like flies.

This is a snapshot of the Top Online Banking instutions offering their competitive rates as of April 2009 (April 23, 2009). We search the rates so you don’t have to invidually visit their sites.

Name	APY Yield	Detail
	1.90% APY	FNBO Direct – No minumum balance, no fee
	1.65% APY	Emigrant Direct – No Minimum Deposit; All products: Savings Accounts, Checking Accounts, Credit Cards, IRA
	1.20% APY	E*Trade – No Minimum Deposit; All products: Savings Accounts, Checking Accounts, Credit Cards, IRA, Mortgage, Home Equity, Brokerage
	1.65% APY	HSBC Direct – No Minimum Deposit; New Online Deposit Only; All products: Savings Accounts, Checking Accounts, Credit Cards, IRA, CDs
	1.76% APY	WT Direct – No Minimum Deposit; 1.76% APY for deposits under $10,000