RateAPY

A 30-Year, Fixed-Rate Mortgage Starts at 4.25% at Affiliated Financial Group

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

Current Mortgage Rates Near Record Low
When Freddie Mac released its rate survey figures for week ending May 20, it revealed that the then current mortgage rates were the lowest so far this year. In fact, at an average 4.84% for a 30-year fixed-rate mortgage (FRM), they were extremely close to ... Read more »

WT Direct Savings Account from Wilmington Trust at 1.16% APY

Posted by: RateAPY Bank Rates News
May 25th, 2010

Opening a savings account can be the best place to begin building financial security. Financial experts recommend creating an emergency savings fund with at least three months or even six months of expenses. A savings account with the lowest fees and highest interest rates will increase your funds faster.
Savings Account with High Interest ... Read more »

Nexity CD Rates as High as 1.80% APY

Posted by: RateAPY Bank Rates News
May 24th, 2010

If you are looking for high interest rates on certificates of deposit, Nexity Bank is offering some of the best–as of May 24, 2010, as high as 1.80% APY for 24-month CDs and 1.51% APY on 12-month CDs–well above the national average reported by the Federal Deposit ... Read more »

CD Rates Much Higher Than Treasury Investments

Posted by: RateAPY Bank Rates News
May 24th, 2010

Each Monday the Federal Reserve updates interest rate statistics. As of May 21, 2010, the Constant Maturity Treasury (CMT) with a 7-year term is paying about 2.71% on average. That is a much lower rate of return than what you can earn if you invest in a certificate of deposit with the same 7-year term. ... Read more »

Money Market Account from Gogebic Range Bank Earns Over 2% APY

Posted by: RateAPY Bank Rates News
May 24th, 2010

Interest Rates Likely to Remain Flat
The minutes of the Federal Open Market Committee meeting of April 27-28 were published May 19 by the Federal Reserve. They did not make happy reading for savers, because the committee’s position on interest rates–that they should remain at “exceptionally low levels…for an extended period”–remained unchanged.
That, of course, means that ... Read more »

30-year Mortgage Rates Average 4.8%

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

Not since December 10, 2009, have mortgage rates been this low. According to this week’s Freddie Mac PMMS, the average 30-year conforming home loan dipped to 4.84% with 0.7 points, a .09% improvement week-over-week. Last year at this time the average 30-year home loan was 4.81%. Year-over-year, mortgage rates may ... Read more »

American Bank’s 30-Year Fixed-Rate Mortgage at 4.90% APR

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

While some financial analysts anticipate an increase in mortgage interest rates in the next several months, rates remain historically low this week. Whether you are arranging financing to buy a home or are interested in refinancing to improve your monthly cash flow, searching online to compare mortgage interest rates can save you money.
When ... Read more »

3 Checking Account Security Tips

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

Use these 3 tips to protect your checking account from fraud and banking mistakes. You will ultimately save yourself money and time.

Do not give out your checking account number or the bank’s routing number without being sure it is safe. Beware of scams that are looking for a way to access your checking account. Work ... Read more »

Money Market Account Yields 1.25% APY at Nationwide Bank

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

While consumers know they should be saving money for emergencies, tuition, a down payment on a home, retirement, and even vacations, the idea of putting cash in an inaccessible place can be a little scary. This is one reason many Americans choose to save their money in a money market account, where the ... Read more »

CD Rates from EBSBdirect Up to 2.75% APY

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

If you’re looking for an outstanding rate on certificates of deposit for personal investment, EBSBdirect–the online division of East Boston Savings Bank–is currently offering 10-month certificates of deposit with the very attractive annual percentage yield (APY) of 1.77%. And if you are willing and able to put your money away for 3 years, you can ... Read more »