Today's Bank Rates
- 6 Month CD 1.08%
- 1-year CD 1.34%
- 2-year CD 1.74%
- Money Market Account 1.06%
- Savings Account 1.06%
- 30-year Fixed Mortgage 4.77%
Rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming refinance mortgage rates.
Instead of a grand resolution that will be soon forgotten, follow our monthly resolutions to boost your savings.
Resolution of the month: Look into your cable, Internet, and landline costs
Bank Rates Have an Unlikely Competitor in Stock Dividends
A MoneyRates analysis shows that bank rates have fallen so far that they are not even competitive with stock dividend yields, based on a comparison using 1-month CD rates.
Read More >>Bank Rates Had a Decent Decade, Despite a Weak Finish
Bank rates may seem disappointing now, but looking back over the decade reinforces the value of deposit accounts.
Read More >>Better Bank Rates in 2010? Three Things to Look For
If you are hoping this year is a better year for bank rates, then keep an eye on these three economic trends.
Read More >>A Bizarre Twist for Bank Rates
As far removed as savings account rates, money market rates, and CD rates may seem from Middle Eastern finances, a recent debt crisis in Dubai could mean another hit to bank rates.
Read More >>
Five Tips on Safe Banking for National Consumer Protection Week
In keeping with National Consumer Protection Week, here are five tips to help you protect your rights and property as a bank customer. Read More >>
Posted 03/08/2010Bank Size Matters...In a Bad Way?
Based on a survey of 4,500 bank customers, bank customers at big banks report large portions of dissatisfaction. Part of that feeling may be due to the low rates being paid on CDs, money market accounts, and savings accounts. Read More >>
Posted 03/08/2010MoneyRates Monthly Resolution #3: Saving on Cable, Internet, and Phone Service
This month's resolution from MoneyRates.com is to build savings rates by looking at ways to cut cable TV, Internet, and land line telephone bills. Read More >>
Posted 03/04/2010Bank Risk Management Strategy Critical for Safety of Savings Accounts
Conservative investors who hold money in savings accounts, CDs, and money market accounts want to know that those funds are, above all, safe. In order for that safety to be real, banks must manage risk effectively. Read More >>
Posted 03/04/2010What the Record Federal Deficit Means for Bank Rates
Savings account rates, money market rates, and CD rates may already be low, but bank rates could come under even more pressure as a result of the growing federal budget deficit. Read More >>
Posted 03/01/2010FDIC Deposit Insurance Back to $100,000 Limit in 2013
The FDIC recently announced its plan to reduce protection rates to $100,000 per depositor per bank in 2013. Will this affect bank rates? Read More >>
Posted 02/24/2010Ally Bank Aggressively Courting Angry Bank Customers
To re-brand itself as a more consumer-friendly institution, Ally bank, formerly GMAC financial, now offers higher interest CD rates and reimbursement of ATM fees incurred from other banks. Read More >>
Posted 02/22/20101-Month CD Rates vs. Inflation
Find out how recent changes in the inflation rate make a critical difference to bank rates. Read More >>
Posted 02/21/2010Survey Says: You're Doing a Good Job of Saving!
A recent poll suggests that MoneyRates.com is succeeding in its mission to help people improve their savings rates. Read More >>
Posted 02/16/2010Does Local Banking Mean Higher Interest Rates on Deposits?
MoneyRates.com readers often observe that local banks habitually offer some of the highest interest rates on CDs, money market accounts, and savings accounts. Meanwhile, major chain banks such as Wells Fargo are striving to become more community-friendly. Is community banking the best way to spur higher interest rates on deposits?
Posted 02/11/2010How to Clear Higher FHA Hurdles with Help from a Money Market Account
Here's how you can work toward meeting new FHA mortage requirements with a disciplined savings program and a money market account. Read More >>
Posted 02/02/2010Money Market Fund Problems Make Savings Accounts More Appealing
Investors have been moving money out of money market funds, which are not the same as money market accounts. Charles Schwab reports that it is losing $100 million per quarter as investors exit money market funds en masse. Much of that money is finding its way into good old-fashioned savings accounts.
Posted 02/02/2010
