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Fed President Has Higher Interest Rates in Mind

Posted by: RateAPY Bank Rates News
May 31st, 2010

Jeffrey Lacker is the President of the Federal Reserve Bank in Richmond, Virgina. He is not yet a voting member of the FOMC but does attend and contribute to the FOMC meetings on interest rates. He is beginning to make statements about his bullish view on the U.S. economy and the possibility of higher interest ... Read more »

West Town Savings Bank CD Rates Pay up to 3.56% APY

Posted by: RateAPY Bank Rates News
May 31st, 2010

Certificates of Deposit Competitive?
According to the Federal Reserve, on May 21 the average yield for a seven-year Constant Maturity Treasury (CMT) was about 2.71%. However, a quick glance at RateAPY shows that you can do way, way better than that with certificates of deposit that have the same term.
Take, ... Read more »

Up to 2.86% APY for CDs from Bank of the Internet

Posted by: RateAPY Bank Rates News
May 28th, 2010

Some folks like lots of choices, and some like to have their cake and eat it, too. If you’re either one of those–and you’ve already gotten as far as deciding to invest your money in certificates of deposit–you’ll like Bank of the Internet’s wide ... Read more »

Quantum Bank Hi-Rate Money Market Account at 0.30% APY

Posted by: RateAPY Bank Rates News
May 28th, 2010

Money market accounts, especially those with online access for transfers between accounts, can be the simplest way to maintain control over your saving and spending. While the cash in your money market account earns interest, it can still be accessed if needed and yet stays separate from the funds you use for daily ... Read more »

30-year Fixed Mortgage Rates Average 4.78%

Posted by: RateAPY Bank Rates News
May 28th, 2010

Mortgage rates continue to drop for the seventh straight week. According to the Freddie Mac Primary Mortgage Market Survey (PMMS), the average 30-year fixed conforming mortgage rate was 4.78% with 0.7 points this week, down from 4.84% last week. The year-over-year trend is now down. A year ago at this ... Read more »

From Credit Addict To Savings Addict

Posted by: RateAPY Bank Rates News
May 27th, 2010

Get rid of the buy now, pay later mindset. Saving in advance for a large purchase, such as a new computer, is much more satisfying and far less expensive. Open an online savings account and set up regular monthly transfers. The larger the purchase, the longer you will need ... Read more »

33-Month CD Special: 2.26% APY from Raymond Federal Bank

Posted by: RateAPY Bank Rates News
May 27th, 2010

Certificates of deposit (CDs) are one of the most popular types of savings accounts because of their guaranteed rates, safety and specific terms.
Raymond Federal Bank offers a variety of CD rates and terms for varying deposit amounts. Each is FDIC-insured and requires a minimum opening deposit of $100. Free online and ... Read more »

0.90% APY on Money Market Account from Nexity Bank

Posted by: RateAPY Bank Rates News
May 26th, 2010

If you don’t currently have a Money Market Advantage account with Nexity Bank, now would be a great time to consider opening one. For new money market account customers depositing funds from an external account–even if you’re a current Nexity customer–Nexity is offering rates of 0.50% APY on ... Read more »

SmartyPig Savings Plan Featured In American Banking News

Posted by: RateAPY Bank Rates News
May 26th, 2010

SmartyPig, the savings alternative to buying on credit, was featured in American Banking News this week when it announced it would change its interest rate structure to a tiered system. Savings accounts with balances of less than $50,000 can earn an APY of up to 2.15%. This is one of the highest yields available on ... Read more »

Banks Offer Deals To New Money

Posted by: RateAPY Bank Rates News
May 26th, 2010

The best savings rates available will likely be for new banking customers. Banks run promotions to bring in clients who have not previously had an account at their institution. You can sometimes double the APY on your savings account, if you try out a new bank.
Everbank is one such bank running this type of promotion. ... Read more »