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North Middlesex Savings Bank Pays Savers up to 2.25% APY

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

Savings Accounts–for That Rainy Day
In the current economic climate, when so many people feel they lack job security, it makes sense to set up a regular savings plan to have something to fall back on in the event of an emergency or unforeseen crisis. Certificates of deposit may pay the highest interest rates, but they ... Read more »

Range of Strong CD Rates from Avon Co-operative Bank

Posted by: RateAPY Bank Rates News
June 14th, 2010

Certificates of Deposit–a Competitive Market Place
You might assume that all certificates of deposit are much the same. After all, most of them (all of them on this site) are 100 percent secure for balances of at least $250,000 thanks to the Federal Deposit Insurance Corporation (FDIC), so why should ... Read more »

Thirty-year, Fixed-rate Mortgages Start at 4.50% (4.713% APR) at Quicken Loans

Posted by: RateAPY Bank Rates News
June 9th, 2010

More to Mortgages than 30 Years
To most of us, a home loan is a 30-year, fixed-rate mortgage (FRM). That’s it. Few of us ever give a second thought to all the other sorts of mortgage loans.
However, earlier this month, the New York Times pointed out that we could be missing a ... Read more »

America! Net 2% APY with an AmericaNet Money Market Account–No Catch; No Hook Required

Posted by: RateAPY Bank Rates News
June 7th, 2010

Money Market Accounts–Net Returns
If you regularly trawl through money market account interest rates, you’ll know that a full 2% APY is quite a catch nowadays. And if that interest rate comes with an account that’s generally free to maintain, then you know that you’ve probably netted a winner.
AmericaNet Bank Money ... Read more »

“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 »

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 »

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 »

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 »

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 »