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Sallie Mae Online High-Yield Savings Account at 1.25% APY

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

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Rumors Fly Over A Key Interest Rate For Banks

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

The stock market fell in response to rumors that the Federal Reserve might raise the discount interest rate today (the discount interest rate is the fee banks pay when they borrow money from the Federal Reserve). The Feds raised the discount interest rate last month from 0.500% to 0.750%, sending a signal to the market ... Read more »

AimLoan.com 30-Year Fixed-Rate Mortgage at 4.687% APR

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

Whether you are looking for a first mortgage for a home purchase or to refinance your existing mortgage, comparing mortgage rates online can be the best way to get the lowest interest rates and the terms you need.
AimLoan.com, a Certified UpFront Mortgage Lender licensed in 43 states, currently has a variety ... Read more »

Quicken Loans’ 30-Year, Fixed-Rate Mortgages Start at 4.75%

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

Mortgage Rates Set to Rise?
The Federal Reserve announced March 16 that it would halt at the end of this month its $1.25 trillion program of buying mortgage-backed securities. And many economists think that that could mean higher mortgage rates soon.
So if you’re considering refinancing, or if you want to buy a ... Read more »

The FOMC Leaves Interest Rates Unchanged, Again

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

The FOMC met today to discuss U.S. monetary policy. As expected, they decided to leave their main interest rate, the Fed Funds Target Rate, unchanged. The current target of 0.000%-0.250% has been in place over a year in order to stimulate the struggling U.S. economy.
Interest Rates Still Low for ... Read more »

AmericaNet Bank Mega Money Market Account at 2.00% APY

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

Money Market Accounts for Quick Access and Emergency Funds
Money Market accounts appeal to consumers who want to earn interest on their money yet have quick access to it in case of an emergency.
Financial planners suggest that every household should have an emergency fund of three to six months of expenses. A money market ... Read more »

Georgia Primary Bank Pays up to 2.30% APY to Georgia Residents with Money Market Accounts

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

When Money Market Accounts Make Sense
Generally speaking, money market accounts pay better interest rates than either checking or savings accounts. So if you don’t want to tie up your money in certificates of deposit, and prefer to avoid riskier investments, a money market account may well be right for you.
Georgia ... Read more »

Bank United’s Eight-Month Certificate of Deposit at 1.25% APY

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

Certificates of Deposit (CDs) are a popular savings product for several reasons. First, customers know their principal balance is safe and FDIC-insured. Second, CDs have a specific term, so savers know exactly how much interest they will earn by a certain date.
Savings Strategy for Certificates of Deposit
Some consumers opt to stagger their CDs ... Read more »

Shop Bank Accounts, Find The Best Banks

Posted by: RateAPY Bank Rates News
March 12th, 2010

FDIC Bank Accounts Always Safe
According to the FDIC, over 100 banks were taken over in 2009. Several more banks have folded so far this year. As weak banks are sold and taken over by stronger banks, the banking world gets healthier. Your FDIC insured deposits are always safe. In the history of the FDIC, not ... Read more »

AmericaNet Bank Mega Money Market Account at 2.00% APY

Posted by: RateAPY Bank Rates News
March 12th, 2010

Money Market accounts appeal to consumers who want to earn interest on their money yet have quick access to it in case of an emergency.
Financial planners suggest that every household should have an emergency fund of three to six months of expenses. A money market account could be the best place to keep ... Read more »