BEST DEPOSIT RATES
|Online Saving Accounts||1.00% APY|
|1 Year Online CDs||1.06% APY|
|3 Year Online CDs||1.40% APY|
|5 Year Online CDs||2.30% APY|
|Online Checking||0.85% APY|
|Rewards Checking||3.01% APY|
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Rates and Information to Help You Save & Borrow
AVERAGE LOAN RATES
|30 Year Fixed Mortgage||4.47% APR|
|15 Year Fixed Mortgage||3.77% APR|
|5 Year ARM||2.92% APR|
|Home Equity Line||4.38%|
|10 Year Home Equity||5.74%|
|3 Year Auto Loan||3.19%|
INTEREST RATE ANALYSIS
By Sol Nasisi
March 4, 2014 - The news has been mostly dominated by events in the Ukraine, shoving aside almost all business and economic news. With the U.S. government raising the debt ceiling without a fight, the economy continues to chug along without major external disturbances. Some economists have expressed worry that the economy is slowing down but this seems to follow a trend of economists getting overly optimistic and then overly pessimistic. The bet is steady if unspectacular growth. Quoted on CNN, Warren Buffet characterized it like this:
"Exactly what's been going on since the fall of 2009 continues," Buffett said. "We've had this moderate but consistent growth. Every now and then we get excited about it speeding up and every now and then we start to worry about a double dip," Buffett said. "But I would say it's been almost a straight line, not at the kind of slope that people would like, but not flat either."
All of this means that rates will continue their gradual rise. No change to the forecast.
You can read my 2014 rate forecast here.
CD & ONLINE SAVINGS RATE TRENDS
Information to Help You Save
- How Much of Your Money Should Be in Cash?
- Compare Savings Accounts to Other Income Generating Investments
- The Difference Between Banks and Credit Unions
- How to Decide Whether to Open a Shorter or Longer Term CD
- Rewards Checking Accounts - Free High Yield Checking with Activity Requirements
- See All Savings and CD Articles
Information to Help You Borrow