Washington Bank Offering High Yield Savings Account

It is always a good week for a savings account customer when the Fed lowers short-term interest rates by 50 points, but their bank increase the rate on their savings accounts. Customers of Venture Bank in the state of Washington were fortunate enough to benefit this week from an increase up to 3.80% APY on the Venture Bank Direct Wise Choice Online Savings Account despite the dramatic movement by the Federal Reserve with the fed funds rate. Venture Bank has 18 branches in four western Washington counties with approximately $1.2 billion in assets, but their online savings account is available nationally for customers.

Find more online savings accounts with high rates at Money-Rates.com