SAVINGS ACCOUNT RATES » Savings News

Despite all the brown bag lunches and coupon clipping, there are some necessary expenses that do not seem to be flexible at all, like high auto loan rates. Consumers are actively seeking ways to reduce their household budgets to more easily manage the economic downturn hitting them from all angles.

For most people, having their own means of transportation is a necessity, and for many, this is one of the most expensive things you will ever own. The amount that individuals are charged for auto loans can differ greatly from person to person, and the biggest factor contributing to your high auto loan rate is your credit score.

Before agreeing to loan anyone money, lenders need to gauge how risky a business proposal will be and checking your credit score as part of the application process is the route they generally follow. FICO (Fair Isaac Corporation) as developed an intricate mathematical equation based on several factors regarding how you use your credit. The result is a score ranging from 300-850, and like the SAT's, the higher the score the better off you are.

Because of the recent state of the economy and the credit crunch, the best auto loan rates are only given to those with outstanding credit generally at 700 or higher. The lower your credit rating, the more you need to pay to borrow money as the lender will consider you a higher risk. Ultimately, they want to get as much money as possible and if you have a lower credit score, the theory is you may ultimately default on the loan so they want to get as much from you before that happens.

Alliant Credit Union is offering a 2.25% APY savings account rate on their regular savings account. To open the account you must have an initial deposit of $5 and must meet certain qualifications.

Benefits to the savings account are:

• There is a high dividend paid monthly on the average daily balances of $100 plus. (Dividends are paid on the last day of every month.)
• There is no maximum balance limit

To qualify for this account you must have one of the follow eligibility:

• You must work or live in one of the Chicagoland communities
• You must be an employee or a member of a qualifying organization
• You must have direct legal relations with a person who is qualified

Please check out more great Rates on Go Banking Rates.

Tennessee Commerce Bank is currently offering a 2.30% APY on a savings account with balances that are up to $100,000.00. This is for both personal savings accounts and business savings accounts. This account is good for those planning on saving only and not planning on using the savings account as a transactional account, since there are limitations on the savings account.

Some restrictions on the savings account are:

• There are only 6...

Located in Southern Georgia, First Catham Bank offers very competitive savings account rates of 2.50% APY on its e-Savings offer. This savings account is an online account which enables consumers to easily manage the account from anywhere. To open the account a $100 deposit is required. The perk about this account is that there are no maintenance fees - which is great for saving money. And since you can only make 3 free withdrawals per...

If saving money is the most important thing to you - especially in these uncertain times - having a savings account that just acts like a savings account should be what you need. Kirkpatrick Bank offers an online Savings Square savings account that is a non-transactional account and is interest bearing at 2.00% APY.

The account is fast and easy to set up and simple. Great perks about this account are:

• There are no minimum balances...

ShoreBank is now offering a 2.05% APY Online High-Yield Savings Account. This is a great account since the minimum to open the account is just $1 dollar and there are no monthly fees (yay!) - perfect for anyone who is just thinking about "saving."

Some good things about this bank account are:

• This account allows up to 6 free transfers or automatic debits per monthly statement cycle.
• The bank is insured by FDIC, so you won't have to worry...

Now at Wilshire State Bank consumers can use new and/or "Now Personal" or "Now Power" checking account to be linked to their savings account and earn interest of 2.25% APY on their entire savings account balance if the account is open online.

Benefits of the savings account include:

• 6 free ACH Transfers a month
• Unlimited deposits and withdrawals that are made in person
• ATM card linked to both qualified checking and savings account
• ...

Beach Business Bank in California is offering a 2.5% APY savings account rate. What's great about this is that even though it's a small bank with branch locations in Manhattan Beach and Long Beach, California the account is nationally available and is rated with 3 stars according to Brankrate. If you're not satisfied with the low savings account rate on your current savings account - check this account out - this rate will be available the...

When it seemed as if savings account rates couldn't get any more lower than it already is - many banks decided to lower their savings account rates even more. If you have not checked the savings account rates at your bank, you should definitely check to see if the rates have lowered. For those who are making it a priority to save as much money as they can - this comes as disappointing news. However, don't despair, you can always check to see...

The Dollar Savings Direct - which is a division of Emigrant Bank is currently offering competitive savings account rates at 2% APY. Among some of the other banks offering high yield savings account rates - The Dollar Savings Direct is one of the best savings accounts available to consumers today.

Reasons why the Dollar Savings Direct is competitive and good:

• There are no hidden fees, no hidden costs, no penalties, and no service charges
• ...