Make 1% or more with February's top MMA and savings accounts

Closeup of U.S. quarter

Rates on savings and money market accounts are falling pretty consistently, but you still can find six nationally available deals that pay 1% APY or better.

The top savings rates available to savers nationwide is 1.15% APY.

You can earn the top rate on money market accounts from AmTrust Direct and My Banking Direct, online divisions of New York Community Bank.

You'll need a minimum deposit of $5,000 to open an account; if your balance falls below $5,000 in either account, you'll earn 0.25% APY.

New York Community Bank has more than 200 branches in New York, New Jersey, Florida, Ohio and Arizona, but you'll need to open an account through one of these two websites to earn these savings rates.

As of Feb. 1, 2012, four other banks pay at least 1% APY to savers nationwide:

Incrediblebank, the online division of River Valley Bank of Rothschild, Wis., pays 1.10% APY on balances between $2,500 and $249,999 on its money market account. Any portion of balances above that amount earn 0.60% APY. A $2,500 minimum deposit is required to open an account.

UFB Direct, an online bank owned by San Diego-based BofI Federal Bank, pays 1.05% APY on its savings account. You need a minimum deposit of $100 to open an account. UFB Direct has cut its savings rates twice in recent weeks.

SFGI Direct, an online division of Summit Community Bank in Moorefield, W. Va., pays 1.01% APY on its savings account with a $500 minimum deposit. Summit Community Bank has 15 branches in Virginia and West Virginia.

Salem Five Direct, the online division of Salem Five Bank in Salem, Mass., pays 1.00% APY on its savings account with a $100 minimum deposit. The rate is good on deposits up to $500,000.

The Salem Five savings rate is guaranteed through August on new accounts. Customers with existing savings accounts or branch bank checking accounts are not eligible.

To qualify for this list, a bank must allow savers from all 50 states to open a savings account or money market account online or through the mail.

See how these deals compare to the best money market and savings rates from scores of other banks in our database.

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