Posted by: Natasha Cassidy in
Bank Rates on August 6th, 2010
Finding the best savings account rates involves more than just searching for current yields. It also requires a little bit of diligence on the consumer’s part to make sure fees don’t cancel out savings.
Although savings account rates have been dismally low across the board lately, struggling to stay around the national average of 0.2 percent in the summer of 2010, financial experts and common sense will tell you that getting any return on your money is better than none.
Online banks tend to offer the highest rates of return, in part because they don’t have the overhead of brick-and-mortar banks.
Compare and contrast
Banks offer not only different returns on savings accounts, but also different requirements.
Read more…
Posted by: Brodie Jerrems in
Bank Rates on July 17th, 2010
Two credit unions that allow anyone to join, regardless of where they live or work, now offer the best nationally available rates on 3-month to 5-year certificates of deposit:
3-month CD: 1.40% APY from Fort Knox Federal Credit Union, headquartered in Radcliff, Ky. , requires a $500 minimum deposit.
Read more…
Posted by: admin in
Bank Rates on February 9th, 2010
All rates fell by 10 basis points:
- High Yield Savings Account – 1.50% APY (was 1.60%)
- Money Market Savings – 1.45% APY (was 1.55%)
- Advantage Savings – 1.40% APY (was 1.50%)
Refer to the Bank of Internet review and the Bank of Internet overview for more details.
Hat tip to reader who mentioned this in the Open Discussions Thread.
Tags: Bank of Internet USA, banks, rate changes, nationally available, savings accounts
Posted by: admin in
Bank Rates on November 8th, 2009
Current mortgage rates are mixed this week over last, both conventional 30 year mortgage rates and 15 year conventional mortgage rates are lower. Fixed jumbo mortgage rates are higher.
The Federal Open Market Committee (FOMC) met last week and decided to keep the federal funds rate in a target range of zero percent to 1/4 percent because there is still “substantial resource slack in the system” which should keep inflation down for now even though the economy expanded by 3.5% in the third quarter of 2009.
Looking for today’s mortgage rates? The best mortgage interest rates can be found in your state by using our mortgage rate tables: Current Mortgage Rates
The Feds has been providing support to mortgage lending and the housing market by purchasing a total of $1.25 trillion of agency mortgage-backed securities. This program has kep
Read more…
Posted by: admin in
Bank Rates on October 26th, 2009
Current mortgage rates are mixed this week, 30-year conforming fixed mortgage rates are down and 30-year jumbo mortgage rates are higher this week over last.
Today’s conforming fixed 15-year mortgage interest rates are down and 15 year jumbo home mortgage rates are higher. 10-year Treasury yields are back above 3.50 percent as of Monday morning, contributing to the slight rise in jumbo rate mortgages and shorter term adjustable rate mortgages. Higher Treasury yields will mean higher mortgage interest rates this coming week.
Looking for mortgage interest rates, including jumbo mortgage rates? Use our bank mortgage rate tables to find the best mortgage rates. Best Mortgage Rates
Low mortgage rates are supporting the housing market. Last week the Na
Read more…
Posted by: admin in
Bank Rates on October 22nd, 2009
Bank CD rates continued their slow decent down this week, there were no big moves down, in fact the average bank CD rate decline was fractional this week over last week.
Bank CD rates are not expected to move higher until sometime next year when the economic recovery is well under way and the Federal Reserve starts raising interest rates.
Bank CD Rates
- The average yield on a 3 month bank certificate of deposit is at 0.592 percent this week, down from last week’s average 3 month CD rate of 0.600 percent. UFB Direct is offering the best CD rate for a 3 month CD, the current rate is 1.24% and the yield is 1.25%
- 6 month bank certificate of deposit rates are averaging 0.863 percent this week, down from the prior week’s average rate of 0.873 percent. First
Read more…
Posted by: admin in
Bank Rates on September 28th, 2009
Rate-setters held back from further aid for the economy today as the Bank of England paused for breath in its battle against recession. The Monetary Policy Committee (MPC) held interest rates at their 0.5 per cent record low, with no increases in its £125bn programme to boost the money supply after its two-day meeting. “The scale of the programme will be kept under review,” the Bank said. The move could signal the Bank is in “wait and see” mode as it judges the strength of possible green shoots…