While a traditional savings account offers the security of FDIC insurance, consumers need to search for a high yield savings account to earn more interest on their money.

Dollar Bank Federal Savings offers the FreeMONEY Savings Account to customers in Pennsylvania and Ohio. Customers must also open a FreeMONEY Checking Account or an eChecking Account with Dollar Bank in order to earn the high interest rate, currently at 2.00 APY. Accounts can be opened online, with additional paperwork provided in person. Interest is earned on balances up to $20,000 and there are no minimum balance or minimum deposit requirements. No monthly fees are charged.

Compare savings account rates and terms online before choosing an account that meets your needs.

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