bank rates

2-Year CD Rates Roundup: Earn 1.50% Nationally, 2.25% Locally

24-month CDs

 

The top nationally available CD is paying 1.61% APY.

That’s from BAC Florida Bank, which is offering 1.61% APY with a $500 minimum.

Capital One 360 and Synchrony Bank, which have been offering great deals on all terms lately, aren’t too far behind.

Both of those banks are offering 1.60% APY.

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

Comments (0)
1 Star2 Stars3 Stars4 Stars5 Stars (25 votes, average: 4.40 out of 5)
Loading...

1-Year CD Rates Roundup: Earn 1.46% Nationally, 5.00% Locally

piggies in the round

The top nationally available return on 1-year certificates of deposit is currently 1.46% 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 for one lucky group of savers, an astonishing 5%), and we’ll tell you where to find those local deals.

Click here to read more

Comments (0)
1 Star2 Stars3 Stars4 Stars5 Stars (38 votes, average: 4.42 out of 5)
Loading...

Check Out Navy Federal Credit Union’s 17-Month CD Special

spigot_dollar_symbols

Navy Federal Credit Union is currently offering a 17-month CD special that’s certainly worth checking out. It’s a bonafide winner for military-affiliated savers across the country, as well as their families.

Navy Fed is currently paying 2.00% APY on special 17-month certificates, with a minimum $50 deposit.

Compare that with the 1.60% APY you can earn from the top nationally available 2-year certificate or the 4-year term it takes to earn 1.90% APY.

The one catch is that this certificate has a maximum investment of $20,000.

Membership in Navy Fed is open to savers who are affiliated in any way with the Armed Forces, the U.S. Department of Defense or the National Guard. This includes regular active duty and reservists in the Army, Navy, Air Force, Marine Corps and Coast Guard, as well as Army and Air National Guard personnel.
Click here to read more

Comments (0)
1 Star2 Stars3 Stars4 Stars5 Stars (13 votes, average: 4.23 out of 5)
Loading...

Several Big Banks Offer Sweet Checking Bonuses Of $200 Or More

Checking account

As big banks lose their allure with consumers, some are fighting back by offering new customers generous bonuses for opening a checking account.

Millennials in particular are fed up with the high fees and poor customer loyalty programs associated with big banks.

In fact, 16% have ditched big banks, a survey by Accenture found. Credit unions and community banks cashed in, with community banks gaining 5% more customers between the ages of 18 and 34, while credit unions gained 3%.

It no doubt doesn’t help that only 37% of financial institutions surveyed by Bankrate in 2015 still offer free checking accounts. Most banks now have requirements, such as keeping a minimum amount in a checking account or receiving a certain amount in direct deposits each month, in order to have monthly maintenance fees waived.

The Bankrate survey found the average monthly maintenance fee is now nearly $6, and the most common fee is $12 a month.

But some of the big banks are sweetening the pot by offering checking account bonuses of $200 or more for new account holders.

RATE SEARCH: Find the best checking account rates.

Here are a few of the current checking account offers:

Click here to read more

Comments (0)
1 Star2 Stars3 Stars4 Stars5 Stars (5 votes, average: 3.40 out of 5)
Loading...

Best Money Market Accounts for April 2017

Money Market AccountsThe best MMA rates continue to come from a pair of affiliated banks from Oklahoma, All America Bank and Redneck Bank, which are paying 1.25% APY. But the top rate is only paid on balances to $35,000. Higher balances earn 0.50% APY.

Both banks require a minimum deposit of $50 to open a Mega Money Market account. You don’t need to keep a certain amount in your account to earn interest, and there are no monthly service fees.

The family that owned a trio of Oklahoma banks rolled them together under the name All America Bank. It’s now based in Mustang, with seven branches and Redneck Bank as an online division.

My Banking Direct is the next best rate at 1.15% APY. While it only requires $2,500 to open, you’ll need to deposit $5,000 to earn the full 1.15% APY.

Everbank is paying 1.11% APY with the rate guaranteed for a year on its Yield Pledge MMA. Click here to read more

Comments (0)
1 Star2 Stars3 Stars4 Stars5 Stars (32 votes, average: 3.78 out of 5)
Loading...

Here’s Where To Find The Cheapest Early Withdrawal Penalties

With the Federal Reserve raising rates, savvy savers will want to consider CD exit strategies with new gravitas.

The smartest savers will be looking to secure the highest possible yield on certificates of deposit from banks and credit unions that charge a relatively small early-withdrawal penalty, making it cheap to cash out and move on if future rates far outstrip current returns.

To help you make the right choices, we’ve taken a careful look at the early-withdrawal penalties imposed by the top-paying national banks on long-term CDs, as well as what to expect from credit unions and community banks that offer the best long-term rates.

You may be surprised by the significant difference between the penalties at Ally and Salem Five – the most lenient and strictest banks we found.

There’s even a quick-and-dirty calculation that can help you figure out the approximate APY for any CD cashed in early, once you know its early-withdrawal penalty. Click here to read more

Comments (0)
1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 4.50 out of 5)
Loading...

5-Year CD Rates Roundup: Take Home 2.30% Nationally

Looking for the best 5-year CD rates? Right now the best you can earn is nationally is 2.30% from three banks — Capital One 360, Synchrony Bank and 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 spring.

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

Comments (1)
1 Star2 Stars3 Stars4 Stars5 Stars (30 votes, average: 4.47 out of 5)
Loading...

Best Checking Account Offers for April 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 April 2017:

Click here to read more

Comments (0)
1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 3.67 out of 5)
Loading...

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

Comments (24)
1 Star2 Stars3 Stars4 Stars5 Stars (24 votes, average: 3.29 out of 5)
Loading...