RateAPY

“SMART” Youngsters Earn More than 2% with an Ultima Bank Savings Account

Posted by: RateAPY Bank Rates News
June 3rd, 2010

High Interest Savings Accounts for Kids
Some banks offer special savings account deals to teenagers. You can see why. On the one hand, the child gets a very competitive interest rate, and a useful introduction to healthy savings habits. On the other, the bank gets an opportunity to bond with a potentially ... Read more »

Certificates of Deposit: Three Features You Should Know About

Posted by: RateAPY Bank Rates News
June 1st, 2010

Certificates of deposit are excellent investments that have a higher yield than most savings accounts and can be easily converted to cash. Be familiar with the following three features of any certificate of deposit you are are considering as an investment.
Certificates of Deposit: What You Need to Know

Maturity Date. Eager investors sometimes get excited by ... 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 »

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 »

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 »

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 »

Savings Is Main Event with 1.66% APY from Main Bank

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

Savings Accounts Aren’t All the Same
It is an unpalatable fact, but most savings accounts still are not paying the sorts of interest rates that savers need to maintain a reasonable lifestyle. Worse, the Federal Reserve’s Federal Open Market Committee says that it expects interest rates to remain low “for an extended ... Read more »

New Home Investments Jump To 1 1/2-Year High In April

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

According to the Commerce Department’s U.S. Census Bureau, home starts were up 5.8% in April and up 40.9% from the same time last year. Home start statistics show that consumers were making investments in new residences, creating jobs during the building phase. Most likely this surge was due to the tax credits of up to ... Read more »

Turn the Page Valley Bank 4% APY CD Rate to Your Advantage

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

CD Rates and Layering
RateAPY recently ran an interesting feature on how to layer your certificate of deposit accounts to your advantage. In brief, this suggested spreading your investments across a number of different CDs, each with a different interest rate and term, in a way that optimizes the income and ... Read more »