Have you saved up for this upcoming holiday season? Now that we’re into November, you’re likely going to be spending a lot more through the end of the year. If you’re concerned about entering 2012 with leftover debt, a high-interest Boston savings account can ensure you start the new year with a little extra cash.

Everyone has a preference when it comes to where they like to bank. Some prefer the convenience of national chains, while others may actually belong to a credit union. A large number of local residents happen to prefer the smaller, community-oriented Boston banks.

When looking around for a new bank account near you, you likely look for the highest Boston interest rate as a way to determine which account is best. While interest rates are extremely important, the deposit account with the very highest rate near you isn’t the only good option.

The holiday season is looming closer and you’re probably preparing to begin gift shopping soon. Is your budget ready to handle the extra expenses the year end undoubtedly brings? If the answer is no, it’s time to beef up you current savings. One of the fastest ways you can do this is by securing a higher interest rate on your savings account. So where can you find the top savings rates in Boston today?

Have you been saving money this summer? If you’ve been spending more on vacations and shopping this season than you care to admit, there’s no reason you can’t get your finances back on track today. There are many banks and credit unions in Boston, MA offering great savings accounts that will maximize your deposits. Below are the best Boston savings account rates today.

Boston community banks tend to be a popular choice because of the competitive rates they offer, but credit unions in Boston also offer some of the best rates, as well You can see a list of the credit unions in Boston with the highest interest rates below, along with the average CU rates across various deposit accounts.

Whether you’re looking for a simple savings account or longer-term commitment like a certificate of deposit, the interest rate it earns is very important. The best rates depend on where you live, as some locales have higher rates that others. That’s why knowing the average interest rates in your home town, like the average Boston interest rates, will help you determine which banks and credit unions near you have the best offers on deposit accounts.

Boston Banking Rates recently examined the savings account rates from Boston-area banks and credit unions to find out whether they’ve been trending up or down. We reviewed Boston savings rates over the past six months and found that they have actually decreased.

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When looking for the best savings account rates, it’s important to know more than just the highest interest rate in the city. Even a savings rate isn’t the highest one, it can still be an excellent rate that will help your balance grow. Therefore, you should regularly check up on the average Boston savings rate to get a benchmark for comparing accounts. If you find an offer that beats the city average, you have found a competitive interest rate for your area.

If you’re not currently earning a competitive rate on your savings, you’re basically wasting money. As we head into July, let’s examine current savings rate trends in Boston and find out where the best rates are today.

Current Savings Account Interest Rates in Boston

In order to better understand current savings rate trends in your area, here’s a breakdown of interest rates presently available: