American Express Bank now offers a couple of personal investment online banking products. Their highest CD rates are on a 2 year/24 month certificate of deposit with 2.00% APY interest.

AMEX Bank also has a variable interest rate “high yield’ savings account that currently earns a generous 1.50% APY. While this bank rate is subject to change it is defintely a competative rate. Capital One direct banking (online only) actually has higher savings rates at 1.55% APY but $2,500 minimum average daily balance must be maintained to earn that interest rate. Also the first twenty five hundred dollars in the account do not earn any interest at all: 0%. American Express pays interest on the entire bank account balance.

Centennial Bank has amazing certificate of deposit rates at 2.320 % annual percentage yield on a 2 year CD. There is a $10,000 dollar minimum deposit needed to receive this great interest rate. 60 month CDs (5 year CD) are offered at a high 3.00 % annual percentage rate.

Call Centennial Bank at 800 251-0705 ext. 103 to open up a new account.

Capital One Online Bank has high CD rates for 2 yr CD’s at 3.0% APY. The minimum for this certificate of deposit is $5,000. Capital One Direct Banking also has top jumbo CD rates for 2 year CDs at 3.1% APY. Jumbo CD rates require $100,000 to open a new CD account.

CapitalOne also offers best business money market account interest rates at 1.75% APY. Business owners can have easy access to their money (via checks and online electronic transfers) and they can also earn interest on the funds sitting in the business money market account. The minimum to open this bus money mkt account is only $1. One important note from the Capital One website:

Business Money Market Accounts have different rules for withdrawing funds than regular checking accounts. Youre allowed up to six transfers or withdrawals each statement cycle, three of which may be checks written to a third party.

So as long as you’re ok with those terms then why not make some extra money?

Igobanking online bank has high CD rates at 3.25% APY for 24 month certificates of deposit. A thousand bucks is required to get started. Don’t have enough for the minimum deposit? iGObanking.com also offers other investment accounts such as online savings accounts and online checking accounts with a one dollar initial deposit requirement. The FDIC backs up investments at iGObanking for up to $250,000 per account holder.