RateAPY

Get the Most Protection Possible from the FDIC

Posted by: RateAPY Bank Rates News
December 24th, 2009

Since 1933 when the FDIC was formed, not one person has lost even a penny of their insured deposits. To promote consumer confidence, the insurance per depositor was increased to $250,000 until December 2013. The insurance applies to all deposit accounts, including checking accounts, savings accounts, Read more »

Zions Bank Internet Money Market Account at 1.25% APY

Posted by: RateAPY Bank Rates News
December 24th, 2009

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Geithner Says No Second Recession

Posted by: RateAPY Bank Rates News
December 23rd, 2009

The residual fear of the Great Recession, the worst economic crisis to hit the U.S. in 70 years, is that it’s going to happen again. Some call it a “dead cat bounce.” Many economists have predicted that the economy may take a few steps backward again, given the severity of the recent crisis. But the ... Read more »

Bank of America Home Loans Has 30-Year, Fixed-Rate Mortgages Starting at 4.750% (5.010% APR)

Posted by: RateAPY Bank Rates News
December 23rd, 2009

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Mortgage Rates Steadily Increasing

Posted by: RateAPY Bank Rates News
December 22nd, 2009

According to the Freddie Mac Primary Mortgage Market Survey (PMMS) that is published weekly, the average 30-year fixed conforming mortgage rate hit the 2009 low on December 3 at 4.71% with 0.7% points. But for the last two weeks, mortgage rates have been leaping higher. On December 10, mortgage rates ... Read more »

FDIC Takes Over Seven More Banks

Posted by: RateAPY Bank Rates News
December 21st, 2009

On Friday, December 17, 2009, the FDIC took over seven more failed banks, bringing the total of closed banks to 140 for the year. The seven banks included:

RockBridge Commercial Bank in Atlanta, Georgia
Citizens State Bank in New Baltimore, Michigan
Peoples First Community Bank in Panama City, Florida
New South Federal Savings Bank in Irondale, Alabama
Independent Bankers’ ... Read more »

AmericaNet Bank’s Mega Money Market Account Pays 2.00% APY

Posted by: RateAPY Bank Rates News
December 21st, 2009

If you’re shopping around for a money market account, you know how much money markets can vary. Some offer attractive rates but impose restrictions or charges that end up making them difficult to use. The trick is not to be blinded by dazzling interest rates, but to find the ... Read more »

Quicken Loans Offering 30-Year Fixed-Rate Mortgage at 5.032% APR

Posted by: RateAPY Bank Rates News
December 21st, 2009

Mortgage rates have remained near historic lows for 2009, making it easier for potential buyers to purchase a home. Homeowners are also watching mortgage interest rates, comparing bank deals from different lenders to boost their savings when they are ready to refinance.
When choosing a mortgage, be sure ... Read more »

The Importance of a Six- to Nine-Month Emergency Fund

Posted by: RateAPY Bank Rates News
December 20th, 2009

If you have credit card debt or a mortgage balance, you may think that paying those debts down is priority number one. But, if the last two years has taught Americans anything at all, it is the importance of having an emergency fund that covers your expenses for six to nine months. You should keep ... Read more »

First National Community Bank Certificates of Deposit at 3.50% APY

Posted by: RateAPY Bank Rates News
December 18th, 2009

Consumer savings rates have increased during these recessionary times, and most individuals are looking for a safe, secure place to keep funds for future financial needs. Certificates of Deposit (CDs) can be an excellent option since they are typically offered with a variety of terms and interest rates.
Consumers can compare quotes online ... Read more »