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News That May Affect Your Online Savings Account

Posted by: RateAPY Bank Rates News
January 22nd, 2010

On tap for next week are several key news items that may affect interest rates long term. These interest rates may affect online savings accounts, money market accounts, and certificates of deposit, among other financial instruments.
State of the Union Address
President Obama plans to speak to Congress at ... Read more »

FNBO Direct Online Savings Account at 1.40% APY

Posted by: RateAPY Bank Rates News
January 22nd, 2010

Sometimes the hardest part about saving money is getting started. Many financial experts say the best way to begin is by opening a savings account, even if you have to open it with a small sum of money. Gradually increasing your savings and watching it grow by earning interest may be ... Read more »

Banks Reined In by the Government

Posted by: RateAPY Bank Rates News
January 21st, 2010

According to top reporters at the Wall Street Journal, new policy may limit banks in size and market share. New steps by the government may restrict the type of trading that banks can do with deposits. Many critics of the policy think that the government may not be helping to create jobs with this move, ... Read more »

EverBank Money Market at 2.25% APY for New Customers

Posted by: RateAPY Bank Rates News
January 21st, 2010

Money market accounts offer an enticing combination of security and savings, with most offering up to six withdrawals each month while the funds in the account earn interest.
Compare money market accounts online to find the best deals and the best interest rates. Some money ... Read more »

Economic Indicators Hint That Interest Rates May Remain Low

Posted by: RateAPY Bank Rates News
January 20th, 2010

Interest rates on financial tools, such as mortgages, money market accounts, savings accounts, and certificates of deposit, will likely remain low for an extended period of time. This news comes after leading economic ... Read more »

Chinese Banks to Rein In Lending

Posted by: RateAPY Bank Rates News
January 20th, 2010

The U.S. economy is still struggling to right itself after the recent recession. But in China, growth is healthy due to extreme government stimulus measures. Economists are warning that China may have overstimulated its economy by keeping its key interest rate too low for too long. Economists in the U.S. are also worried about this ... Read more »

Amerimac Has 30-Year, Fixed-Rate Mortgages at 4.920% APR for Californians

Posted by: RateAPY Bank Rates News
January 20th, 2010

Nationwide, mortgage rates have been at or near all-time lows for some time. In response, more and more people are considering buying a home or refinancing now.
Home loan rates vary from state to state, but you can often still find deals for 30-year, fixed-rate mortgages at or below 5%. Such ... Read more »

CapWest Mortgage offers 30-Year Fixed-Rate Mortgage at 5.025% APR

Posted by: RateAPY Bank Rates News
January 19th, 2010

First-time homebuyers, repeat buyers, and homeowners all share one common interest: to find the mortgage loan with the best interest rate and the lowest fees. The Internet makes this comparison that much simpler.
Earlier generations had to call banks and lenders to compare mortgage programs, but today’s ... Read more »

How Much Money Should You Put into Savings Each Month?

Posted by: RateAPY Bank Rates News
January 18th, 2010

According to many financial planners, the rule of thumb for how much you should put into savings each month is 10% for long-term retirement and an additional 10% for general savings. The percentage could be based either on your gross earnings or your take-home pay, depending on how aggressive you choose to be. If you ... Read more »

Receive up to 1.77% APY with a Super Money Market Account from Greystone Bank

Posted by: RateAPY Bank Rates News
January 18th, 2010

You expect money market rates to be lower than those for certificates of deposit (CDs). After all, a money market account involves little commitment to the bank, and you can access your funds whenever you want by check, online (where available), or by debit card.
But Greystone Bank has a ... Read more »