Maximize your bank savings

With the current economic recession, many are playing it safe with their finances and steering clear of the stock market. But if you want your money to grow, stashing your cash under the mattress or in a shoe box won't help. Instead, allow your savings to grow risk-free in a money market account or savings account.

Here's a look at some of the highest Annual Percentage Yield (APY) offerings from a few select national, local, and online banks.

NOTE: All rates are from April 20 and are subject to change.

– Megan Jicha, Boston.com Correspondent

With the current economic recession, many are playing it safe with their finances and steering clear of the stock market. But if you want your money to grow, stashing your cash under the mattress or in a shoe box won't help. Instead, allow your savings to grow risk-free in a money market account or savings account. Here's a look at some of the highest Annual Percentage Yield (APY) offerings from a few select national, local, and online banks. NOTE: All rates are from April 20 and are subject to change. – Megan Jicha, Boston.com Correspondent