Ion Bank CD Rates, Savings & MMA, Mortgage & Loan Rates, Reviews

  1. Home
  2. Banks
  3. Ion Bank Deposit Rates
Today's 12-month CD rates can be found at 4.50%, 6-month CD rates at 1.81% and 3-month CD rates at 2.90%. Current savings rates are at 0.20% and money market rates are at 2.78%. Mortgage rates today on 30-year fixed loans are around 7.10%. Credit Card rates are at 10.90%. Personal Loan rates are at 10.25%. All these rates, and more, can be found in our database of rates. Ion Bank's 13-Month CD (Credit-Builder) rates are at 5.00%, 7-Month CD rates are at 4.75%, 28-Month CD (Bump Up) rates are at 4.50%, 60-Month CD rates are at 0.70%, 48-Month CD rates are at 0.65%. Ion Bank's savings rates are at 3.00%. Ion Bank's money market rates are at 2.50%.

Ion Bank

To see how these rates compare to Ion Bank CD rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from Ion Bank, savings rates and money market rates, with rates from other banks and credit unions below. You can use our bank rate lists to compare CD rates for all CD terms, with Ion Bank CD rates. You can also compare Ion Bank savings rates, MMA rates and mortgage rates using our other rate lists.

Ion Bank money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Ion Bank? Share your experience about Ion Bank by leaving a review below, or read customer reviews before you decide to use Ion Bank.

Ion Bank Texas Ratio

Ion Bank's Texas Ratio is at 6.93%, which is considered excellent. The Texas Ratio for Ion Bank is higher than the national average of all banks, currently at 6.24%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing.

Overall, Ion Bank is an excellent bank worth considering, with an overall rating of 5 stars out of 5 stars.

Rate
APY/APR
vs Avg
12-Month CD
0.60%
18-Month CD
0.50%
24-Month CD
0.55%
36-Month CD
0.60%
48-Month CD
0.65%
60-Month CD
0.70%
Savings
3.00%
MMA
2.50%
30-Year Fixed
N/A
Credit Card
N/A
Personal Loan
N/A
Ion Bank
87 Church St
Naugatuck, CT 06770
Member FDIC
MonitorBankRates' Rating
5/5
★★★★★

Ion Bank CD Rates and Interest Rates

Bank
Product
APY
Min Dep
Ion Bank
Ion Bank
25 Month (Credit-Builder)
5.25%
$500
Ion Bank
Ion Bank
13-Month CD (Credit-Builder)
5.00%
$500
Ion Bank
Ion Bank
7-Month CD
4.75%
$500
Ion Bank
Ion Bank
28-Month CD (Bump Up)
4.50%
$500
Ion Bank
Ion Bank
Ka-Ching! Savings
3.00%
$50,000
Ion Bank
Ion Bank
Money Market
2.50%
$250,000
Ion Bank
Ion Bank
60-Month CD
0.70%
$500
Ion Bank
Ion Bank
48-Month CD
0.65%
$500
Ion Bank
Ion Bank
36-Month CD
0.60%
$500
Ion Bank
Ion Bank
12-Month CD
0.60%
$500
Ion Bank
Ion Bank
30-Month CD
0.55%
$500
Ion Bank
Ion Bank
24-Month CD
0.55%
$500
Ion Bank
Ion Bank
18-Month CD
0.50%
$500
Ion Bank
Ion Bank
Preferred Checking
0.05%
$50
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Compare Ion Bank Rates with Other Competitive Bank and Credit Union Rates

Bank
Product
APY
Min Dep
Commerce Bank & Trust
Commerce Bank & Trust
6-Month CD
5.11%
$500
Popular Bank
Popular Bank
7-Month CD
5.05%
$1,000
Stryv Bank
Stryv Bank
12-Month CD
5.01%
$100
Unison Bank
Unison Bank
6-Month CD
5.01%
$2,500
VirtualBank
VirtualBank
eMoney Market
5.00%
$0
Haven Savings Bank
Haven Savings Bank
8-Month CD
4.75%
$500
Security Bank USA
Security Bank USA
6-Month CD
4.58%
$25,000
Barclays Bank
Barclays Bank
18-Month CD
4.50%
$0
Bank of Star Valley
Bank of Star Valley
12-Month CD
4.37%
$250
TD Bank
TD Bank
12-Month CD relationship
4.00%
$250
Crossroads Bank Effingham, IL
Crossroads Bank Effingham, IL
Super Christmas Club Savings
4.00%
$1
First Seacoast Bank
First Seacoast Bank
24-Month CD
3.75%
$1,000
Total Direct Bank
Total Direct Bank
36-Month CD
3.56%
$25,000
Premier Bank Omaha, NE
Premier Bank Omaha, NE
24-Month CD
3.55%
$500
FirstBank of Nebraska
FirstBank of Nebraska
18-Month CD
3.51%
$1,000
Capitol Federal Savings Bank
Capitol Federal Savings Bank
48-Month CD
3.50%
$1,000
Bank of Fayette County
Bank of Fayette County
24-Month CD
3.50%
$1,000
S&T Bank
S&T Bank
24-Month CD
3.50%
$500
Volunteer State Bank
Volunteer State Bank
3-Month CD
3.30%
$1,000
FSB of Burnet
FSB of Burnet
12-Month CD
3.29%
$1,000
Crossroads Bank Effingham, IL
Crossroads Bank Effingham, IL
18-Month CD
3.26%
$2,000
First Bank Clewiston, FL
First Bank Clewiston, FL
12-Month CD
3.04%
$2,500
FSB Louise, TX
FSB Louise, TX
48-Month CD
2.88%
$1,000
1st Advantage Federal Credit Union
1st Advantage Federal Credit Union
48-Month CD
2.75%
$500
1st Street Credit Union
1st Street Credit Union
12-Month CD share certificate
2.68%
$1,000
Achieve Credit Union
Achieve Credit Union
24-Month CD share certificate
2.50%
$500
Frontier State Bank
Frontier State Bank
60-Month Jumbo CD
2.27%
$250,000
Bank of Hartington
Bank of Hartington
18-Month CD
2.27%
$1,000
Bristol Morgan Bank
Bristol Morgan Bank
48-Month CD
2.25%
$500
First Federal S&L Pascagoula, MS
First Federal S&L Pascagoula, MS
60-Month CD
2.00%
$10,000
Genoa Community Bank
Genoa Community Bank
6-Month CD
1.70%
$500
Kentucky Farmers Bank
Kentucky Farmers Bank
18-Month CD
1.25%
$1,000
Fulton Bank
Fulton Bank
18-Month CD
0.95%
$1,000
Buena Vista National Bank
Buena Vista National Bank
6-Month CD
0.85%
$500
Continental Bank
Continental Bank
12-Month CD
0.75%
$25,000
CIT Bank
CIT Bank
48-Month CD
0.50%
$1,000
Homeland Community Bank
Homeland Community Bank
Money Market
0.50%
$1,000
Warsaw Federal S&L
36-Month CD
0.50%
$500
First State Bank and Trust
First State Bank and Trust
1-Month CD
0.40%
$2,500
Hamler State Bank
Hamler State Bank
12-Month CD
0.40%
$500
Nebraska State Bank and Trust Company
Nebraska State Bank and Trust Company
Prestige Interest Checking
0.40%
$1,500
Monson Savings Bank
Monson Savings Bank
24-Month CD
0.25%
$1,000
Verus Bank of Commerce
Verus Bank of Commerce
24-Month CD
0.25%
$1,000
Northwoods Bank of Minnesota
Northwoods Bank of Minnesota
Money Market
0.22%
$1,000
Monson Savings Bank
Monson Savings Bank
18-Month CD
0.20%
$1,000
La Salle State Bank
La Salle State Bank
Statement Savings
0.15%
$10
Community Bank Delaware
Community Bank Delaware
Savings Account Safe Harbor
0.10%
$100
Massena Savings and Loan
Massena Savings and Loan
Savings
0.10%
$1
United Bank of Philadelphia
United Bank of Philadelphia
6-Month CD
0.05%
$500
167th TFR Federal Credit Union
167th TFR Federal Credit Union
Share Savings
0.05%
$0
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Mortgage Rates May 28, 2024

Lender
Product
Rate
APR
Points
4.990%
5.287%
0.500
5.500%
5.614%
0.000
5.500%
5.716%
0.500
5.625%
5.777%
0.500
5.500%
5.820%
0.000
5.750%
5.834%
0.000
5.500%
5.868%
2.000
5.750%
5.883%
0.500
5.750%
5.886%
0.000
6.000%
5.892%
0.000
15-Year Fixed
5.750%
5.910%
0.000
5.870%
5.970%
0.000
15-Year Fixed Jumbo
5.875%
5.970%
0.000
5.950%
5.998%
0.000
6.000%
6.043%
0.000
15 Year Fixed
5.750%
6.046%
1.000
3/5 Conforming ARM
5.000%
6.053%
0.250
6.000%
6.056%
0.000
5.000%
6.063%
0.250
10-Year Power Rate Fixed
5.750%
6.068%
0.000
5.875%
6.079%
1.000
6.000%
6.084%
0.000
6.000%
6.084%
0.000
15-Year Power Rate Fixed
5.875%
6.101%
0.000
6.000%
6.121%
0.000
Show More

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

Ion Bank Information

Ion Bank
87 Church St
Naugatuck, CT 06770
New Haven
Established Date: 01/01/1870
FDIC Certificate #: 18198
Date of FDIC Deposit Insurance: 07/01/1960
Bank Holding Company: ION FINANCIAL MHC
How Many Domestic U.S. Offices? 24
How Many Branches are There? 24
Is Ion Bank FDIC Insured? Yes
What is Ion Bank's Cert number? 18198
What is the maximum amount for insured deposits? $250,000 per holder, per account

Ion Bank Financials

Total Assets:
$2,083,933,000
Total Deposits:
$1,750,278,000
Equity Capital:
$180,655,000
Domestic Deposits:
$1,750,278,000
Net Income:
$5,043,000
Return on Assets:
0.5296%
Quarterly Return on Assets:
0.9700%
Pretax Return on Assets:
1.2218%
Pretax Quarterly Return on Assets:
1.2200%
Return on Equity:
6.3600%
Quarterly Return on Equity:
11.4000%
Common Equity Tier 1 Capital Ratio:
11.9317%
Tier 1 Risk-Based Capital Ratio:
11.9317%
Leverage Tier 1 (Core Capital) Ratio:
8.2826%
Total Risk-Based Capital Ratio (YTD):
13.0840%
Total Interest Income (YTD):
3.4146%
 
 
Headquarters:
Naugatuck
FDIC Field Office:
Windsor
Regulator:
FDIC
County:
New Haven
# of Offices:
24
Metropolitan Statistical Area (MSA):
New Haven-Milford, CT
Consolidated Metropolitan Statistical Area (CMSA):
New York-Northern New Jersey-Long Island, NY-NJ-CT-PA
OTS Region:
Northeast
FDIC Region:
New York
Source: FDIC

The Best CD Rates are Found Online

Finding the best CD rates available across the U.S. is easy but here are many factors to consider. Searching online for the best CD rates is obviously the best way to get the highest rate but did you know that some banks offer different CD rates for the same CD term?There are a few different ways banks and credit unions offer higher rates for the same CD term. The most prevalent way is offering a higher rate for a deposit of $100,000 or more. Most banks and credit unions refer to these CD accounts as jumbo CD accounts.

Best CD Rates ChartFinding the Best CD Rates

    Read more...

NewDominion Bank Money Market Account Rates now at 0.69%

NewDominion Bank Money Market Account rates are now at 0.69 percent with a yield of 0.70 percent. View current Money Market Account rates at NewDominion Bank below.     Read more...

NewDominion Bank 3 Month $50K CD Rates now at 0.25%

NewDominion Bank 3 Month $50K CD rates are now at 0.25 percent with a yield of 0.25 percent. View current 3 Month $50K CD rates at NewDominion Bank below.     Read more...

NewDominion Bank 6 Month CD Rates now at 0.30%

NewDominion Bank 6 Month CD rates are now at 0.30 percent with a yield of 0.30 percent. View current 6 Month CD rates at NewDominion Bank below.     Read more...

NewDominion Bank 18 Month CD Rates now at 0.99%

NewDominion Bank 18 Month CD rates are now at 0.99 percent with a yield of 1.00 percent. View the current 18 Month CD rates at NewDominion Bank below.     Read more...

NewDominion Bank MMA Rates now at 0.15%

NewDominion Bank MMA rates are now at 0.15 percent with a yield of 0.15 percent. View the current MMA rates at NewDominion Bank below.     Read more...

NewDominion Bank MMA 50K Rates now at 0.69%

NewDominion Bank MMA 50K rates are now at 0.69 percent with a yield of 0.70 percent. View the current MMA 50K rates at NewDominion Bank below.     Read more...

Banks Hold Steady on CD Rates - Top Rates Remain Unchanged this Week

There were no changes to the highest CD rates available in our database this week. Financial institutions are probably holding tight on rates to see if the Federal Reserve increases the fed funds rates next month. An increase was more than likely but the recent equity market declines have made an increase less likely.If an increase doesn't happen in September, there is still a chance a rate increase will happen this year. After September's meeting, there are two more meetings in October and December. The CME Group has a FedWatch Tool which you can use to quickly gauge the market’s expectations of potential changes to the Fed Funds target rate.As of August 28, the FedWatch has market's expectation of a rate hike in September at 24 percent, a rate hike happening in October at 34 percent, and a hike in December at 52 percent.     Read more...

CD Rate Report - August 20, 2015 - Top 1 Year CD Rate at 1.30% APY

There were only 2 CD rate changes this week as financial institutions wait for the September Federal Reserve meeting and potential rate hike. My e-BAnC by BAC Florida Bank increased their 18 month rate 1 basis point to 1.21 percent APY and EverBank lowered their 4 year rate to 1.87 percent, a decline of 4 basis points.The Fed's July meeting minutes were released yesterday. The minutes showed Fed officials are struggling to get comfortable with raising interest rates next month. Fed officials are ready to increase rates because they believe the economy will continue to gain traction but inflation is still well below the point needed to increase rates.August 20, 2015 Weekly CD Rate ReportConsumer prices (CPI) over the past 12 months increased only 0.02 percent according to the government's CPI report. Consumer inflation at 0.02 percent is well below the 2 percent rate the Fed considers healthy enough to increase interest rates.     Read more...

CD Rate Report August 10, 2015

There were several changes to CD rates this week. The good news is, most of the changes were higher and there was only 1 decrease. The biggest increases were on EverBank's 3 month rate and E-Loan's 3 year rate. E-Loan also had the majority of increases this week.EverBank's 3 month rate was increased from 0.35 percent to 0.55 percent. Everbank's 3 month rate is now tied with California First National Bank for the best 3 month rate in our database. E-Loan's 3 year rate was increased from 1.65 percent to 1.85 percent. E-Loan now has the best 3 year CD rate and the best rate for several other CD terms.Weekly CD Rate Report August 10, 2015E-Loan also increased their 5 year CD rate and their 18 month CD rate. E-Loan's 5 year CD rate is now at 2.45 percent, the highest 5 year rate in our database. E-Loan's 18 month rate is now at 1.35 percent, the highest 18 month rate in our database.     Read more...

CD Rate Report August 3, 2015

Average CD rates moved higher this week for all CD terms with the exception of 3 month rates. The biggest average CD rate increase was on the longest term certificates of deposit. 5 year CD rates on average increased from 1.66 percent last week to 1.76 percent this week.Listed below are average CD rates and the best CD rates for certificate of deposit terms ranging between 2 months and 5 years.Average CD Rates August 3, 2015     Read more...

CD Rates - July 24, 3015 Report

It is hard to believe we might be less than 2 months away from higher CD rates when the FOMC increases the fed funds rate. Banks and credit unions have been increasing rates, but for the most part the increases have been small. In this week's CD Rate Report, there were a handful of rate increases and a couple rate decreases.Most of the higher rate changes were to longer term certificates of deposit. The largest increase was 0.13 percent to EverBank's 3 year CD rate. The rate was increased from 1.52 percent to 1.65 percent. Silvergate Bank now as the best 3 year rate at 1.65 percent with an APY of 1.66 percent. E-Loan.com and EverBank are now tied for having the best 4 year CD Rate at 1.91 percent and 5 year CD rate at 1.31 percent.Also in this report, average CD rates were down across the board. Listed below is this week's CD Rate report.     Read more...

CD Rate Report July 9, 2015 - Best 1 Year CD Rate Remains at 1.25 Percent

This past week we had 8 banks in our database increased their CD rates and 1 bank that lowered their CD rate. There are new top rates on the 2 year rate list and 3 year rate list.Silvergate Bank now has the top 2 year CD rate at 1.51 percent with a yield of 1.52 percent.Sallie Mae Bank now has the best 3 year CD rate at 1.59 percent with a yield of 1.60 percent.     Read more...

9 CD Rates Increased - 8 CD Rates Decreased in June

Banks and credit unions have been all over the place with their rates. In our database of CD rates, there were 9 CD rate increases and 8 CD rate decreases in June. Average CD rates on 2 year, 3 year and 5 year certificates of deposit moved slightly higher while 3 month and 6 month rates were unchanged.The biggest decrease the past month was from Chartway Federal Credit Union. CFCU's 6 month rate was lowered from 0.85 percent to 0.70 percent. The largest increase was from Synchrony Bank. The bank's 2 year CD rate was increased from 1.15 percent to 1.25 percent.CD Rates will remain near current levels until the Federal Open Market Committee increases the federal funds rate. Most Fed watchers anticipate an increase during the FOMC's September meeting. The amount of the increase will probably be 0.25 percent, which will send the best CD rates in our database up by the same amount.     Read more...

CD Rate Report June 2, 2015: Best 6 Month CD Rate at 1.00 Percent

A couple of banks increased their CD rates this past week. California First National Bank increased their 6 month CD rate from 0.85 percent to 0.95 percent, putting them in second place in our 6 month rate database. CIT Bank increased their 2 year CD rate from 1.35 percent to 1.40 percent.These increases were small and we won't see any major increases in deposit rates until the Federal Open Market Committee increases their key benchmark interest rate. There is a slight chance the FOMC might increase the rate during their June meeting (June 16th and 17th).If a rate increase doesn't happen this month, July will be the next target for an increase. The FOMC will meet again on July 28th and July 29th to discuss monetary policy. May and June's employment reports will be driving factors on whether or not the rate is increased.     Read more...

Bank CD Rates Report May 21, 2015

Another quiet week for CD rates, no big change in rates for short term or long term certificate of deposits. We don't expect any major changes in CD rates until the Federal Open Market Committee meets next month. If the FOMC does increase the federal funds rate, banks will follow with higher deposit rates.The best CD rate deal in our rate database is MyCBB Bank's 2 month CD rate at 0.80 percent. Investing in short term certificates of deposit right now makes sense because rates are moving higher this year. MyCBB Bank's rate is also higher than all 3 month rates in the database and better than most 6 month rates.Colorado Federal Savings Bank increased their CD rates and the bank is now listed in most of the rate lists below. Capital One Bank also increased their rates and made some of the lists. California First National Bank increased their 6 month rate from 0.85 percent to 0.95 percent. EverBank made small increases to their rates, a couple basis points higher. Discover Bank lowered their 5 year CD rate 10 basis points.     Read more...

Highest Short Term CD Rates: Best 2 Month CD Rate at 0.80 Percent

By now you must have heard the news that the Federal Reserve will increase their key-benchmark interest rate in 2015. When the federal funds rate is increased, CD rates and other bank rates will also increase. Higher rates is good news but you should position your CD investments for higher rates.If you have any certificate of deposit accounts maturing over the next 6 months you should invest in shorter term CDs. This is especially true for long term CD accounts maturing, most banks will automatically roll over your CD into another long term CD.So pay attention to the maturity dates, the last thing you want to do is lock into another 5 year CD at 2.50 percent. You'll have to either watch rates move above the low rate you locked-in or pay an early withdrawal penalty. By the end of 2015, or by early 2016, 1 year CD rates will probably be at 2.50 percent.     Read more...

CD Rate Report May 12, 2015

Listed below are this week's CD rates for certificate of deposit terms ranging between 1 month and 5 years. There have been slight functions in rates offered by banks and credit unions this week. We will have to wait until the FOMC increases the fed funds rate for bigger changes in rates. Also listed below are this week's average CD rates, derived from the CD rate database.

May 12, 2015 CD Rate Report

1 Month CD Interest Rates     Read more...

Top 1 Year CD Rate Now at 1.35 Percent

Banks continue to increase CD rates even before the Federal Reserve increases the federal funds rate. The highest 1 year CD rate in our database is now at 1.34 percent with an APY of 1.35 percent. Last month, the highest rate available was at 1.40 percent. That rate was a promotional rate from Live Oak Bank that ended on April 30. The current average 1 year CD rate is much lower at 0.98 percent.Bank CD rates are moving higher, but the increases are small, and will be small until the Fed increases the fed funds rate. At the beginning of 2015, the best 1 year rate was from Bank Direct at 1.16 percent with an APY of 1.17 percent. As you can see, the highest 1 year CD rate in the database has increased 18 basis points the past 4 months.It won't be long before the fed funds rate is increased and that increase send deposit rates higher. The current fed funds rate has been near zero percent since December 2008. We anticipate an increase in the rate will come either during next month's Fed meeting or during the September meeting.     Read more...

CD Rates at Banks and Credit Unions March 24, 2015

There were no big moves in CD rates week over week, though that will change in the coming months. Last week the FOMC held their two day meeting and released statements pointing to a possible fed funds rate hike in June or September.A higher fed funds rate will send CD rates at banks and credit unions higher. Don't look for any major increases in rates. The Fed will probably hike their key benchmark interest rate by 0.25 increments which will send CD rates up in 0.25 percent increments.The current fed funds rate is in a range of zero percent to 0.25 percent. By the end of 2015 look for the fed funds rate to be between 0.75 percent and 1.00 percent. The fed funds rate near 1.00 percent will send 1 year bank CD rates towards 2.00 percent. The best rates will probably be slightly over 2.00 percent.     Read more...

CD Rate Report March 16, 2015

Certificate of deposit rates are stable this week, no major changes in either average CD rates or the highest CD rates available. Rates are expected to move higher in the near future, when the Federal Open Market Committee (FOMC) increases the federal funds rate.We are still forecasting for the FOMC to increase the fund funds rate by 25 basis points during their mid June meeting. When an increase does take place look for banks and credit unions with the most competitive rates to also increase rates by 25 basis points.Listed below are the best CD rates available this week for CD terms ranging between 1 month and 5 years.     Read more...

Certificate of Deposit Rates Move Higher as the FOMC is Scheduled to Meet This Week

Banks and credit unions continue to increase certificate of deposit rates this past week. Once again, the rate increases are small since any larger increases will have to wait until the Federal Open Market Committee increases the federal funds rate. The FOMC's next meeting is scheduled for December 16 and 17.There is talk that the FOMC might drop the "considerable time" language on keeping interest rates low. Since the financial crisis and recession 6 years ago, the FOMC has used the language to send signals to the markets that they were in no hurry to increase the federal funds rate.Omitting the language is the last step the FOMC will take before actually increasing the fed funds rate. When the fed funds rate is increased, financial institutions will quickly increase deposit account rates. The FOMC is expected to increase the rate sometime in 2015. The soonest the rate will increase will likely be during the June meeting and the latest the rate will be increased is in the December meeting.     Read more...

Best Savings Rate at 1.26% APY - Higher Deposit Rates in 2015

An online bank increased the rate they offer on their savings account and is now the leader on our savings rate table. The Palladian PrivateBank, a division of The PrivateBank and Trust Company, is now offering a savings rate of 1.25 percent with an APY of 1.26 percent. This online bank's rate is 31 basis points higher than our previous top savings account rate. The minimum opening deposit for an account at the bank is $10,000.Prior to The Palladian PrivateBank increasing their rate, the top rate was stable for over a year at 0.95 percent. Whether or not other banks follow suit and increase their rates remains to be seen. This rate is also significantly above the current average savings rate of 0.47 percent for account balances of at least $10k.Over the next year, we will start seeing banks increase rates on their variable rate deposit accounts and certificate of deposit products. The reason rates will finally be increasing is the Federal Open Market Committee will be increasing the federal funds rate. The current rate is near zero percent and has been at that level for almost six years.     Read more...

Top Deposit Rates Still Offered by Online Banks

Average savings rates and money market rates continue to fall ever so slightly this month. While average rates have moved lower, savvy savers can find deposit rates much higher than the averages. The best rate deals these days are from online banks which offer rates much higher than the averages and much higher than traditional brick and mortar banks.The national average savings rate/money market rate this week as reported by MonitorBankRates.com is at 0.45 percent. The FDIC national average rate is much lower at 0.06 percent. The FDIC's national average money market rate is slightly higher at 0.08 percent. Compare these rates to the best savings rates and money market rates offered on our rate tables this week.Best Savings Rates     Read more...

Weekly Deposit Rates, Best Rates Remain at 1.00%

The best savings rates remain at 1.00 percent and the best money market rates remain at 0.90 percent this week. Don't expect any big changes in deposit rates anytime in 2014 because of the Federal Open Market Committee's policies to keep rates low. The FOMC released their statement on monetary policy after concluding their two day meeting. There were no surprises in the statement and no signs of higher deposit rates anytime soon.

FOMC Keeps Federal Funds Rate Near Zero Percent

The FOMC announced on January 29 that the federal funds rate will remain near zero percent and that they would also reduce their monthly purchases by another $10 billion a month. The past two months, the Fed has reduced their purchases of long term bonds and mortgage backed securities (MBS) from $85 billion to $65 billion.     Read more...

Explore Other Rate Deals

I have to be honest, savings rates and money market account rates were so low I didn't believe rates could fall much more in 2013. That was before the sequestration of government spending cuts became more of a reality as many top Republicans believe will happen. In two weeks, automatic federal government spending cuts in defense and social programs will start taking place.
home-equity-loans-vs-reverse-mortgagesAre you 62 years or older and looking to tap into the equity in your home but are unsure if a reverse mortgage or a home equity loan is the way to go? There are big differences between a reverse mortgage and a home equity loan.

Bank or Credit Union Offers and Deals

PenFed Home Equity Line of Credit 3.25 Percent
Aurora Bank CD Rates
CD Rate Increases from First Internet Bank of Indiana
Vio Bank CD Rates - Lowered
Home Sales
Champion Bank Savings Accounts
PurePoint Financial CD Rates Move Upward
Applying for a Mortgage: Steps to Take When Buying a Home
Average Bank CD Rates
Record Low Mortgage Rates are History as Fixed Rates Soar 50 Basis Points

Alternative Bank and Credit Union Offers to Explore

Highest CD Rates November 2, 2012: Best 12 Month Rates at 1.11% APY
Louisiana Federal Credit Union Certificate of Deposit Rates
Orlando Savings Account Rates
Mortgage Rates Descend to Record Low: 30 Year Mortgage Rates 4.01%
Discover $100 Cash Bonus Credit Card
Higher Fed Funds Rate Later This Year Will Send Deposit Rates Higher
Lowest Mortgage Rate at 1.99% from Third Federal Savings and Loan
Silvergate Bank Money Market Account Rates now at 1.10%
First Central Direct Best CD Rates
Astoria Bank Money Market Account Rates now at 0.20%

Ion Bank Reviews

There are no reviews for Ion Bank yet. Feel free to create one below.
Average Rating
☆☆☆☆☆
Total Reviews
0
Add Your Rating and Review for Ion Bank
Your Name:
Your Rating:

See how Ion Bank Compares to other banks