RECEIVE FREE WEEKLY RATE UPDATES

Receive the best bank rates every week right to your inbox.

Rates and Information to Help You Save & Borrow

AVERAGE LOAN RATES

30 Year Fixed Mortgage 4.15% APR
15 Year Fixed Mortgage 3.45% APR
5 Year ARM 2.95% APR
Home Equity Line 4.31%
10 Year Home Equity 5.58%
3 Year Auto Loan 3.14%

INTEREST RATE ANALYSIS

By Sol Nasisi

November 19, 2014 - Not much new on the rate front. Two major online players (CIT and Synchrony) have raised their online savings rate and 1% APY has become the new upper tier, after hovering around .90% APY for awhile. It's the first time since 2008 that several banks have raised online savings rates simultaneously. I spoke to a friend who works in commercial banking and he told me that the banks have begun to loan freely again. Lending standards are dropping. This is another sign that the economy is beginning to heat up.

The unemployment rate fell to 5.8% in October, 2014, the lowest figure since July 2008 and before the full-on financial crash. Employers have added 200,000 jobs per month for nine straight months. Once we see figures edge closer to 300,000, we'll see bank rates begin to move up more quickly. But, if the economy continues to strengthen (which with falling oil prices it will), expect to see deposit and lending rates go higher.

You can see these rate trends on our Savings, CD, and Mortgage Rate trends page.

CD & ONLINE SAVINGS RATE TRENDS

Advertiser Disclaimer. Some of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

Financial products of all nature bear inherent risks and this website is not a financial advisory service. BestCashCow.com provides information related to rates on US-based savings accounts, CD (certificate of deposit) rates, money market accounts, money market funds, government bonds, other bonds and income producing securities, commodities, equity securities, mortgage rates, home equity rates and auto loans rates, free of charge to internet users for their independent use. The accuracy of information on the website is not guaranteed, and no financial product of any sort is endorsed. On certain web pages, BestCashCow.com may contain discussion and analysis of the risks and rewards associated with certain financial instruments, including equity instruments, or may link to other pages with such discussions. The information should not be construed to provide investment advice. In fact, users are specifically warned against following any advice related to specific instruments, including advice that may be on other web pages linked from BestCashCow.com. Please seek personalized advice on the risks and applicability to your own circumstances of any financial product from a qualified professional. © BestCashCow.com, LLC, 2014.