Today's Bank Rates
- 6 Month CD 1.13%
- 1-year CD 1.38%
- 2-year CD 1.77%
- Money Market Account 1.09%
- Savings Account 1.12%
- 30-year Fixed Mortgage 5.03%
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: Take a fresh look at your mortgage
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 >>Time to Check Up on Savings Rates
Household savings rates are especially crucial with bank rates low, so year end is a good time to examine whether your savings rates have met your goals.
Read More >>
How 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 02/02/2010Money-Rates.com Checking Account Fee Study Shows Bargains Exist for Smart Shoppers
Knowing what to look for can help you shop for a checking account; a new Money-Rates.com survey tells you what today's conditions are like. Read More >>
Posted 01/29/2010Obama's Bank Plan Draws Mixed Reviews
Pundits spent the weekend beginning January 15 dicing and slicing the Obama plan for the banking system. Reviews vary widely. The main idea behind the bank plan seems to center on separating speculative activities that banks undertake from the bank's base of deposits, such as money market accounts, savings accounts, and checking accounts.
Posted 01/28/2010If Fed Withdraws Cash, Will Money Market Rates Rise?
The Federal Reserve is looking to sell off some of the assets it bought during the financial crisis. Interest rates for deposit accounts, such as money market accounts, and even savings accounts, could benefit under a scenario that sees the federal government seeking to reduce the money supply in circulation.
Posted 01/28/2010Five Questions and Answers About Bank Rates in 2010
With much in the economy still in flux, many depositors wonder where the bank environment will go during the rest of 2010. Here are five common questions and their answers. Read More >>
Posted 01/26/2010Better Savings Rates in 2010: 12 Monthly Resolutions
Rather than one grand New Year's resolution that will be quickly forgotten, follow Money-Rates.com's series of 12 monthly resolutions designed to build your savings rate. Read More >>
Posted 01/21/2010Boosting Savings Rates: From Good Intentions to Good Results
Polling data from Money-Rates.com shows that most people plan to increase their savings rates in 2010. To help with this, Money-Rates.com will offer 12 monthly savings tips. Read More >>
Posted 01/15/2010First Job Growth, Then Higher Interest Rates
Conservative investors who hold funds in CDs, money market accounts, and savings accounts may be eagerly awaiting news of Fed interest rate hikes. But analysts state that higher interest rates will not be initiated by the Fed until job growth picks up. CD rate watchers should be watching for unemployment reports.
Posted 01/14/2010Small Banks Fighting for Their Lives, Your Deposits
Smaller community banks are facing the toughest competitive environment ever, with the top five big banks holding 37 percent of all deposits as of June 30, 2009. One method smaller banks are employing to stay relevant is to offer higher CD, money market, and savings account rates than the big five.
Posted 01/14/2010Treasury Bonds May Lead Way to Higher CD Rates
As the U.S. economy shows signs of recovery, highlighted by strong consumer sentiment numbers, the yield on 10-year U.S. Treasury bonds hit a four-month high in December. Historically, Treasury yields have been a key indicator as to the direction of interest rates for CDs, savings accounts, and money market accounts.
Posted 01/09/2010Getting Savings Rates On Track: Five Ideas for the New Year
The savings rates for most Americans have not been enough to meet retirement needs. Here are five ideas to improve your savings program in the new year. Read More >>
Posted 01/05/2010
