bank rates

6 Safe Places to Invest Your Money

It might be tempting at times to dig a hole in your backyard and bury your savings, even when the stock market is on a rally. But if you pick safe places to invest your money, you’ll know at all times how it’s performing for you.

Here’s a list of some places to consider investing your money that have very minimal risk: Click here to read more

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2-Year CD Rates Roundup: Earn 1.81% Nationally, 2.25% Locally

24-month CDs

The top nationally available 2-year CD is paying 1.81% APY, up more than a tenth of a percentage point since we last reported on this term in June.

Indeed, CD rates are on the rise. And 2-years are something to keep an eye on.

You can pick up 1.81% APY from two banks — First Internet Bank of Indiana and Everbank.

The main difference between the two is the minimum deposit amounts. First Internet requires a minimum of $1,000, while EverBank requires a minimum of $5,000.

Overall, we have six banks offering 1.70% APY or higher on 2-year CD rates. And 14 banks are offering deals of 1.50% APY or better.

Of course, there are still some local banks and credit unions offering better deals.

That makes it even more important to shop around thoroughly for the best CD rates.
Click here to read more

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1-Year CD Rates Roundup: Earn 1.60% Nationally, 2.00% Locally

piggies in the round

The top nationally available return on 1-year certificates of deposit is currently 1.60% APY, higher than you could have earned at this time last year.

Better yet, you can earn up to 2.00% APY from credit unions and community banks, and we’ll tell you where to find those local deals.

Click here to read more

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CIT Bank Savings Account: Bookmark This Deal

CIT Bank savings

If you’re in the market for a savings account, this is a deal you’ll want to bookmark. CIT Bank’s new savings offer is tough to beat.

It’s paying 1.30% APY with a $100 minimum on balances up to $100,000. And when you open an account, you’ll get a $100 bonus.

The only savings deal that currently beats that is from Live Oak Bank, which is offering 1.35% APY with no minimum.

Indeed, banks are starting to compete for the best rates, and that’s great news for savers.

You can check out our monthly roundup of the best savings accounts for more options and opportunities.

With the national average savings account rate at a dismal 0.09%, this deal from CIT Bank is certainly better-than-average.

RATE SEARCH: Compare the best savings account rates.

Click here to read more

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5-Year CD Rates Roundup: Take Home 2.35% Nationally, 2.61% Locally

Looking for the best 5-year CD rates? Right now the best you can earn nationally is 2.35% from Synchrony Bank or Popular Direct.

Even though the Fed has been raising the prime rate, we haven’t seen it reflected much in certificates of deposit.

Still, it beats the 2.27% you could earn from the top 5-year CD rates last summer.

Fortunately, you can almost always find some better-than-average local deals.

And keep in mind that rates change daily, which is why it’s always a good idea to check Bankrate’s extensive database of the day’s best CD rates. Click here to read more

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Best National Savings Accounts for July 2017

Hand grabbing money out of a jar

After months of stagnation, we’re finally starting to see a rise in savings rates. At the top of the list of the best national savings accounts for July 2017 is Live Oak Bank, offering 1.35% APY with no minimum deposit and no minimum balance to earn the APY.

Before being ousted by Live Oak Bank, Palladian PrivateBank had been at the top of our list for months with its current bonus offer, paying 1.30% APY for the first six months after you open your account. But after the promotional period ends, the rate returns to the regular rate, which currently is 0.90% APY. That gives you a combined annual return of 1.10%.

Now there are three other banks offering 1.30% APY on a savings account — DollarSavingsDirect, BankPurely and CIT Bank. And none of those offers are promotional — you earn a straight 1.30% APY on your balance.

 

Click here to read more

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Best Checking Account Offers for July 2017

Checking account offers

If you’re in the market for a new checking account, it pays to do some shopping around. This month, the top checking account offers pay a bonus of up to $500.

As long as you can avoid the potential monthly fees, these are worth a look.

Here are Bankaholic’s picks for the best checking account offers of July 2017:

Click here to read more

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Connexus Credit Union Offers National Deals Worth A Look

It might not be a national bank, but Connexus Credit Union is so easy to join it might as well be.

By making a one-time $5 donation to Connexus’ charitable association, anyone nationwide can become a member of the Wisconsin credit union, and now is as good a time as any given its current crop of CD specials.

CD deals worth a look from Connexus Credit Union

With a $5,000 minimum deposit, Connexus is paying 1.50% APY on 12-month certificates, 1.70% APY on 24-month CDs, 2.00% APY on 36-month CDs and 2.00% APY on 60-month CDs.

And while all of the rates its offering are solid deals, Connexus stands out in the 3-year CD category. Indeed, the only other bank paying 2.00% APY on 3-year CDs is Salem Five.

Connexus requires a $5,000 minimum to earn that rate while Salem Five requires a $10,000 minimum.

Click here to read more

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3-Year CD Rates Roundup: Earn 1.90% Nationally, 2.01% Locally

The top return among national 3-year CDs has been moving up lately. In fact, rates on 3-year CDs are around a quarter of a percentage point higher than they were at this time last year.

Now you can earn 1.90% APY from four different banks — GS Bank, Sallie Mae, E-Loan and KS StateBank.

But while there are several nationally-available deals worth a look, the case is as strong as ever for mid-term CD shoppers to capitalize on chart-topping rates from the country’s best-paying credit unions and community banks.

Indeed, we’ll tell you where to find local deals that beat the national leader.
Click here to read more

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