RateAPY

Fed Raises the Discount Interest Rate

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

The writing has been on the wall for months–interest rates may have to go up. Even though inflation still appears to be under control, and unemployment still seems high, interest rates may not remain at current levels much longer. The irony is, the official position from the Fed is that interest rates should remain low ... Read more »

Ridgestone Bank’s Momentum Savings Account at 2.50% APY

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

Many American families have refocused their attention on saving money this year. While they are happy to see low interest rates on mortgage loans and other debt, they are less enthusiastic about low rates on their savings accounts. Recently, some banks have been increasing their interest rates on savings accounts.
Read more »

Banks Are Competing for Your Business

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

Last year, over 100 banks failed and were taken over by the FDIC. That means that many of the remaining banks are strong. The past couple of years have been a struggle for survival of the fittest banks. Since the founding of the FDIC, not one depositor has lost a dime of their qualified insured ... Read more »

Ally Bank Money Market Account at 1.39% APY

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

As hard as individuals try to save money, there are times when they need to spend a little of those savings for unexpected expenses. Rather than locking up cash in an inaccessible account, some savers prefer a money market account that allows them to earn interest and keep savings ... Read more »

Interest Rates May Rise According to FOMC Minutes

Posted by: RateAPY Bank Rates News
February 17th, 2010

Today, the Federal Reserve’s Federal Open Market Committee (FOMC) released the minutes from its January meetings. The minutes confirmed to investors that the FOMC is beginning to consider raising interest rates for banks. The current discount rate, money the Fed lends to banks for emergencies, is at 0.500%. Soon, banks may be penalized an additional ... Read more »

How to Use a Mortgage Payment Calculator

Posted by: RateAPY Bank Rates News
February 17th, 2010

Mortgage payment calculators are plentiful on the Internet. There are several different types. Following are a couple of tips so that you’ll know which kind of loan calculator you may need, and what type of information you should provide.
A basic mortgage loan calculator will ask you for a loan ... Read more »

Quicken Loans Can Find 30-Year, Fixed-Rate Mortgages at 4.75%

Posted by: RateAPY Bank Rates News
February 17th, 2010

Are mortgage rates set to rise? Earlier this week, the San Francisco Chronicle interviewed five home loan experts. All expected mortgage rates to rise, and one thought rates could get as high as 7% later this year.
So now may well be the best time to buy a home, or ... Read more »

Integrated Financial Group Offers 30-Year Fixed-Rate Loan at 4.726% APR

Posted by: RateAPY Bank Rates News
February 16th, 2010

Whether they are refinancing or looking for a mortgage loan for a home purchase, consumers should take the time to carefully compare several loan offers. Be sure the length of the loan and amount are the same, and then compare interest rates, fees, and discount points.
Integrated ... Read more »

Top 3 Ways to Find a High-Yield Savings Account

Posted by: RateAPY Bank Rates News
February 15th, 2010

Making sure that your money stays ahead of inflation is the name of the game. The best way to do that is to make sure you invest your money into the safest and highest-yield savings accounts available. Following are the top three ways to find a high-yield savings account:

Shop for ... Read more »

EverBank Pays up to 2.25% for a Money Market Account

Posted by: RateAPY Bank Rates News
February 15th, 2010

Right now, money market accounts are among the most competitive savings vehicles around. So, there are some truly exceptional deals out there for those with the perseverance to seek them out.
Maybe that’s why EverBank is currently offering a remarkable, special introductory rate of 2.25% to new money market account ... Read more »