You can expect a new report each time we make updates for the rates listed in our comparison charts.

So lets begin listing the movers and shakers!

First chart on our menu is the high interest savings account chart, a couple of banks have dropped their rates…unfortunately no banks that have raised their rates for their customers.

I guess that could take yet a little while before that is going to happen…Ugh!

Our first on the list is the Dollar Savings Direct account, they’ve dropped their rate by 0.10% — from 1.60% to 1.50%

Next one is Ally, they’ve dropped from 1.59% to 1.50% for their US high interest savings account offered on their US website.

It’s looks like we’re going to see a pattern here because WT Direct has also dropped by 0.10% — dropping from 1.51% to 1.41%

Did I say we’re going to see a pattern?

Yep I sure did, and iGoBanking happily picks up the same drop in interest, dropping from 1.41% to 1.31%

Our other entries in the high interest chart (US Accounts) have remained the same.

For the Canadian account chart (High interest accounts) we’ve got two accounts going up for a change.

The first one is ING Direct who has upped their rates from 1.05% to 1.20% and secondly we have Canadian Tire Financial Services going up from 1.20% to 1.35%

On the TFSA Account chart we’ve got three accounts going up, likewise as for their high interest savings account ING Direct has upped their rate from 1.05 to 1.20%

TD Canada Trust probably decided to take it up a few notches compared to their competitors because they upped their rate from 1.00% to a 1.60% APY!

Yeah, I know not long as high when the financial climate was in a much better shape, but I like the fact some banks start to see they need to return to their original high rates (Not quite there yet) — you know…back in the day when high interest accounts where rightfully called high interest accounts?

Another bank going in the right direction is Canadian Tire Financial Services, who has upped their rate from 1.50% to 2.00%

And that’s a wrap!

I’m wondering…is 2010 going to be the year we’re going to see a steady rise in high interest account savings rates on our charts?

What do you think?

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Take care!