Best Bank Rates

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Featured Rates (APY) Bank / Credit Union Location Account Type Share
1.10%
As of May 14, 2012
1-Year CD Rate

CIT Bank
Online
CD Account
1.09%
As of May 21, 2012
 

Ally Bank
 
Online
 
CD Account
 
 
Best Rates (APY) Bank / Credit Union Location Account Type Share
1.60%
As of May 2, 2012
View Rate Details Centralia, WA Savings Account
1.51%
As of May 7, 2012
View Rate Details Springfield, IL Savings Account
1.26%
As of May 8, 2012
View Rate Details Rahway, NJ Savings Account
1.25%
As of May 1, 2012
View Rate Details Savings Account
1.16%
As of May 8, 2012
View Rate Details Inglewood , CA CD Account
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Rates can change. Rates based on $10 000 deposit. See individual banks for the latest details and requirements.

BANKING » Compare Best Rates

Citigroup Buckles Under the Heat of Gov’t Stress Test

Northwest-Georgia-Bank

Checking Account Rate Deal of the Day: Northwest Georgia Bank at 0.25% APY

Banking

Wells Fargo Kills Free Checking Accounts With a $7 Monthly Fee

How Kasasa Is Giving Megabanks Like BofA a Run for Their Money

Money Market Account Rate Deal of the Day: Citizens State Bank of Paola at 0.50% APY

entrust-financial-credit-union

Checking Account Rate Deal of the Day: Entrust Financial Credit Union at 0.20% APY

Money Market Account Rate Deal of the Day: San Jacinto Area Credit Union at 0.50% APY

online banking services

Are Online Banking Services Really That Much Faster?

Officials Investigating Banking Deposit Accounts

Banking

Bank of America Checking Customers Could Face Monthly Fees…Again

Banking Rates

With an economic recession looming on the horizon, many people have been rattled by recent job losses and a decline in most housing markets. But curiously, the outlook for interest rates may actually be improved by recent developments in the economy. With easing inflation, not only housing prices, but also yields on treasury bonds, tend to go lower. Since 30 year fixed rate mortgage rates usually track with yields on treasury notes, you may find the lowest interest rates on loans during a recession.

The Federal bank bailout may also keep interest rates low in the coming months. In November, when the Federal Reserve announced its plan to buy up debt and mortgage-banked securities from the distressed mortgage lenders Fannie Mae and Freddie Mac, that also reduced those lender’s financing costs, enabling them to pass on savings to consumers in the form of lower interest rates.

If you are shopping for a home loan, now may be a good time to compare interest rates and find the best rates on home loans.

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