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.

Lender

Product

Rate

APR

Points

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.

Institution

Product

APR

Notes

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

Institution

Product

APR

Loan Amt

Loan Term Months

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

Source: NCUA Last Updated 03/31/2024

Arbor Bank, Get a FREE Slow Cooker with New Checking Account

Remember the days when banks would offer free toasters, T.V.s etc. to open an account? Well, those days are back at Arbor Bank with a free 1.5-quart pressure cooker to open any checking account.

Arbor Bank Checking Account Types

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First Horizon Bank CD Rates: Best Rate at 0.10% APY

First Horizon Bank CD rates are not competitive at all, in fact, the banks' rates are lower than the average CD rates available. With rates so low, one can only assume First Horizon Bank isn't interested in raising rates time deposits. The highest CD rates available at First Horizon Bank CD Rates are at 0.10 percent, that rate is on most of their CD terms. Shorter-term CD rates are even lower, 1-month CD rates, 6-month CD rates and 9-month CD rates are all at a pathetic 0.05% APY. View an entire list of First Horizon Bank CD Rates right here and compare them to other bank CD rates.

First Horizon Bank Standard CD Rates

30 Days: 0.05%

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ableBanking CD Rates: Best Rate at 5.30% APY 12-Month CD

ableBanking is offering several certificates of deposit (CDs) but the best CD rates are on the bank's short-term CDs. Current ableBanking 6-month CD rates are at 5.00%, making it one of the top 6-month rates available on our rate list. 12-month ableBanking CD rates are slighter at 5.30% APY, also making into the top of our 12-month rate list. Both CD accounts have a minimum opening balance of $5000.

CD Rates As of 8/29/2023

6-Month CD: 5.00% APY

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Bank of America CD Rates

Bank of America CD rates are very competitive right now, especially from a large bank. Current 7-month CD rates are at 3.55% APY, 13-month CD rates are at 4.00% APY and 25-month CD rates are at 3.00% APY. Bank of America is also offering a 10-month CD and a 37-month CD, both with pathetic low rates compared to the bank's other rates. The current 10-month CD rate and 37-month CD rate is 0.05% APY, why even offer CDs with a rate that low.

Bank of America, one of the largest banks in the United States, offers a range of CD accounts with varying terms and features, the complete list of current CD terms and CD rates are below. The minimum opening deposit for a CD account at Bank of America is $1,000. The maximum opening deposit allowed for a CD account open through bankofamerica.com is $250,000.

Bank of America's Preferred Rewards program offers customers with eligible accounts additional benefits, such as higher interest rates on CDs, fee waivers, and other perks. The rewards are tiered based on the customer's combined balance in Bank of America banking and/or Merrill investment accounts.

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First City Bank Savings Rates

First City Bank savings rates listed here are current as of January 2020. Savings rates at First Savings Bank on the bank's First Savings account are currently at 0.25 percent. Savings rates from First City Bank on the bank's Relationship Savings account are at 0.50 percent. As the name suggests, to earn the higher savings rate you need to also have a First City Bank checking account. To get the best savings rates compare online rates with First City Bank savings rates.

First City Savings Bank Savings Rates

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Reasons for Home Ownership

Owning a home is an American dream that millions achieve each and every year. When owning your own home, you can increase your degree of ownership with every mortgage payment because some of your payment goes towards principal, paying down the money you borrowed. This process is referred to as "building up equity" and if the equity in your home grows greater than 20%, you may be able to borrow against your equity, should the need arise.You can borrow money to pay for a major purchase in the future, pay down credit cards, or for any other reason. Of course, it's always wise to be prudent with money and the same holds true with the equity in your home. Millions of people elect not to tap the equity in their home and some see investing in their home as another way of saving for retirement.Another benefit of owning a home is tax relief. If you are paying down a mortgage on your home, you can deduct your mortgage interest and property taxes. Taking these deductions lowers your overall tax bill and may even result in a refund. A recent tax law change capped the amount of "SALT" (state and local taxes) you can deduct to $10,000.     Read more...

E*TRADE Bank Premium Savings Account

E*TRADE Bank Premium Savings Account which already had one of the best online savings rates available was upped to a new higher rate. The current savings rate on the Premium Savings Account from E*TRADE Bank is now at 2.08 percent with an APY of 2.10 percent.The old Premium Savings Account savings rate was at 1.88 percent with an APY of 1.90 percent. E*TRADE Bank says their Premium Savings Account savings rate is 20 times the national average rate. The minimum opening deposit account is only $1.00.There is a $10 monthly fee on this account but there is criteria you can meet to avoid the charges.     Read more...

Higher Mortgage Rates Hurt Buyers

Higher mortgage rates in 2018, combined with a low number of homes available for sale across the U.S., are hurting buyers. Mortgage rates are higher this year because economic growth has been robust, the unemployment rate has declined, and the Federal Reserve has increased interest rates.Last year, 30 year mortgage rates were under 4.00 percent for most of the year and finished the year just under 4.00 percent. So far this year, average 30 year mortgage rates increased about 50 basis points. The current average 30 year mortgage rate is at 4.42 percent.Although mortgage rates are higher this year, rates are not much higher than the all-time lows. Back in 2012, average 30 year rates hit a low of 3.37 percent, about 1.00 percent lower than the current level. Looking back over the past 40 years, these rates are still incredibly low.     Read more...

Mortgage Rates Fall Again This Week: Lowest 30 Year Refinance Rates at 3.50%

30 year mortgage rates are lower again this week, falling back below 4.00 percent. Mortgage rates will continue to move lower in the coming days as a result of lower U.S. bond yields. 10 year bond yields declined below 2.00 percent yesterday and the decline will send 30 year mortgage rates down another 5 to 10 basis points in the next few days.Lower bond yields and mortgage rates can be attributed to the decline in equity markets across the globe. Sharp declines in markets have sent investors into the safely of U.S. bonds. As bond prices move higher, bond yields move lower. Lenders tie mortgage rates to 10 year bond yields so when yields decline, mortgage rates also decline.Mortgage rates today on 30 year loans are averaging 3.89 percent, down from last week's average 30 year rate of 4.00 percent. Average rates are at 3.89 percent but there are many lenders quoting rates below the average. The lowest 30 year conforming rates in our rate database are quoted at 3.50 percent with points.     Read more...

Mortgage Rates Slightly Higher This Week as Housing Forecasts are Revised Higher

Mortgage rates moved slightly higher this week but will decline later this week because of lower bond yields. Despite the increase in rates, average mortgage rates are still near all-time record lows. Near record low mortgage rates, combined with 5 million jobs created over the past two years, and an unemployment rate nearing 5 percent will help the housing market in 2015.30 year conventional mortgage rates today are averaging 3.90 percent, up slightly from last week's average 30 year rate of 3.88 percent. Average 30 year rates are only about 50 basis points from the all-time record lows set in May 2013.Economists with Freddie Mac and Fannie Mae, have revised their outlook higher for housing this year. Home sales and home prices are expected to increase in the final 6 months of 2015. 30 year mortgage rates are forecast to remain near current levels and also remain under 4.00 percent in 2015. You can view all Fannie Mae forecasts: Fannie Mae's Housing Forecast for May 2015     Read more...

8 Banks Now Offering Deposit Rates at 1.00 Percent or Higher

There are now 8 banks on our variable deposit rate list offering rates at or above 1.00 percent. GE Capital Bank and My Savings Direct have the best savings rate at 1.04 percent with an APY of 1.05 percent. The savings rate at GE Capital Bank was recently increased from 1.00 percent.EverBank has the top money market rate with 1.01 percent APY. I should note, the EverBank MMA has an intro period of 1.40 percent for 6 months, then the rate falls to 0.61 percent. The first annual percentage yield combined is 1.01 percent.We don't anticipate variable interest rates to move much higher from current levels until the Federal Reserve increases the fed funds rate.  The current fed funds rate has been in a targeted range of zero percent to one quarter percent since December 2008.     Read more...

Personal Savings Rate Higher on Lower Gas Prices

The personal savings rate, not to be confused with savings account rates, increased again this past January. The report Personal Income and Outlays for January 2015, released by Bureau of Economic Analysts, showed the Personal Savings Rate increased to 5.5 percent in January. The rate is up 0.5 percent since December and up 1.00 percent since November 2014.U.S. households saved 728.5 billion in January, compared with $659.6 billion in December, almost $70 billion more. The higher personal savings explains why retail sales and economic growth hasn't been as robust as expected, despite lower gas prices.Only 7 years removed from the Great Recession, the average person is still cautious about spending and rather save their windfall from lower gas prices. Many households, which were overleveraged during the credit binge in the 2000s are still paying down debt.     Read more...

Unemployment Rate Falls to 7.0%, Higher Interest Rates Coming

A better-than-expected jobs report for the month of November is another nail in the coffin of low mortgage rates and deposit rates. This is a mixed bag, depending on whether you are a net borrower or lender, i.e. have a mortgage or own certificates of deposit. At the end of this article are steps you can take to position your finances for higher rates.November's job report showed 203,000 private sector jobs were created,. Economists polled by Reuters had forecast only 180,000 new jobs. The unemployment rate fell from 7.3 percent to 7.0 percent and analysts were expecting the rate to only fall to 7.2 percent. The last time the unemployment rate was that low was five years ago. With the better-than-expected jobless claims number released yesterday and the good news in the Labor Department's Employment Situation Summary today, all eyes are on the Federal Reserve's next move.

Interest Rates Dependent on What the FOMC Decides in December's Meeting

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Most Americans Have Enough to Get by but Lack Any Financial Cushion for Major Purchases or Expenses

A large percentage of Americans have enough to get by but lack the financial resources to make a major purchase or handle an unexpected major expense. 69 percent of respondents to a recent Gallop Survey said they have enough money to buy the things they need but only 47 percent of respondents said they have enough to be able to make a major purchase or incur an unexpected expense.As annual incomes rises, the percentage of Americans who have enough money to buy what they need and can handle a major expense increases. 43 percent of those who have annual incomes below $24,000 have enough money to buy things they need and 87 percent of those with annual incomes of $180,000+ have enough money to buy things they need.     Read more...

The Housing Market is Back Thanks to Affordable Home Prices and Low Mortgage Rates Today

The housing market is making a comeback after the worst bust since the Depression of the 1930's, thanks to low mortgage rates today and more affordable homes. Owning a home was the American dream for most people but that dream turned into a nightmare for millions of homeowners during the housing bust and owning a home wasn't the most important thing Americans wanted.Times are changing again as headline after headline is showing a positive turn for housing. The number of home sales is going higher and home prices are also moving up. The turnaround is quite remarkable as attitudes towards owning a home are also changing as more and more Americans become more confident in the housing market.A recent CNBC All-America Economic Survey showed the desire to buy a home is growing each month. The percentage of Americans in the survey who say owning a home is an essential part of the American dream is at 79 percent - a three year high. There has also been an increase in the percentage of Americans who say it is better to own than rent. The percentage who believe buying is better than renting grew by four points to 69 percent.     Read more...

Current 30 Year Mortgage Rates Still Low at 3.50 Percent but Will Increase in 2013

The Federal Reserve's multi-year campaign to revive the housing market by forcing mortgage rates down to record lows has finally started actually helping the housing market to recover. The Federal Reserve's policies created a refinance boom over the past three years as homeowners took advantage of low refinance rates. Many homeowners refinanced more than once the past two years as rates kept falling.In 2013, a slew of housing reports have been released showing higher home prices, lower home inventory for sale, higher builder sentiment, and a growing optimism about housing again. The highest home affordability in a generation combined with the lowest mortgage rates in 65 years has made these times the best time to buy a home.Home prices are moving higher in 2013 and mortgage rates will also move higher due to a stronger economy. Another factor that will send mortgage rates higher is the Federal Reserve ending their purchases of mortgage-backed securities and U.S. Treasuries.     Read more...

Bank CD Rates Moving Higher at the 18 Bank Holding Companies the Federal Reserve Just Tested?

The Board of Governors of the Federal Reserve System tests the 18 largest bank holding companies in the United States to see if they can withstand a steep recession. This test was created after the financial crisis of 2007 and the subsequent recession to see if the largest banks would fail or need large infusions of capital to withstand another crisis.If you think back to the financial crisis and recession, some banks were scrambling to increase capital by offering CD rates that were considerably higher than rates most banks were offering. For example, one of the banks that was put into receivership (failed) by the FDIC was Washington Mutual Bank. At the time, WaMu had one of the best CD rates by a wide margin on 1 year certificates of deposit.WaMu was offering 12 month and 13 month rates at 5.00 percent while most 12 month CD rates at banks were much lower than WaMu's rates. Monitor Bank Rates reported on WaMu offering 5.00 percent CD rates on those two certificate of deposit terms back on August 23, 2008.  Just a month later, on September 25, 2008, the FDIC put WaMu into receivership. You can read the original post here: Washington Mutual 5.0% APY 13 Month CD.     Read more...

Why Do Away with Freddie Mac and Fannie Mac? They are Finally Making Money Again

The two government-sponsored enterprises (GSE), Freddie Mac and Fannie Mae, have been the whipping post for Republicans of government gone amok. You can't blame Republicans since combined Freddie Mac and Fannie Mae lost $138 billion dollars during the housing bust. You can't also put the blame for the losses squarely on the GSEs.During the housing boom, there was rampant outright irresponsibility throughout the housing financing system. Some of the most blatant practices were "no-doc" loans, where a mortgage could be acquired without providing any financial information.  How could a lender give someone hundreds of thousands of dollars to buy a home without them having prove they can actually pay back the loan? They took this blind risk because the lenders who made those loans didn't hold onto them, they sold these loans to others, including Freddie Mac and Fannie Mae. Most people believe housing prices could never fall in tandem across the United States and we all know how that ended. After the housing bust, both GSEs were bailed out by the U.S. Treasury (taxpayers) and put into receivership of the Federal Housing Finance Agency.Fast forward to 2012 and both Freddie and Fannie are a lot healthier and making money again. In the first nine months of 2012, Fannie Mae has had a $9.7 billion profit. Freddie Mac made an all-time record profit of $11 billion for 2012. Both are also paying back billions of dollars to the U.S. Treasury (U.S. taxpayers).     Read more...

Forecasts are for Long Term Bond Yields to Increase to 4 Percent to 5 Percent

For many years now, bond yields and interest rates have been at record lows. While rates and yields have moved higher from record lows, they are still not near historical norms. Current 10 year bond yields closed on Friday at 1.85 percent, down from a high of 2.02 percent on February 19. The best 5 year CD rates remained just below 2.00 percent this past week.In four different forecasts, 10 year U.S. Treasury yields are expected to rise above 4.00 percent and possibly as high as 5.00 percent by 2017. With 10 year U.S. Treasury yields in that range, we can expect 5 year bank CD rates to move up to the 3 percent to 4 percent range as well. Shorter term CD rates will also increase but where rates are will depend on the inflation rate and where shorter term bond yields are in 2017.In a speech on long term interest rates at the Annual Monetary/Macroeconomics Conference, the Federal Reserve Chairman, Ben Bernanke, spoke as to why long term bond yields are so low and where yields are headed in the future. The main reason why rates are at record lows is due to the central bank driving rates lower but there are other factors to consider.     Read more...

2012 Employment Growth Better as CD Rates Move Higher in February 2013

Average CD rates on 12 month and 60 month certificates of deposit actually moved higher this week, which is a nice surprise. Another nice surprise was January's unemployment report which showed more jobs were created in 2012 than previously thought. Granted, the increase in average CD rates was small but these days any increase is good news.Average 1 year CD rates increased to 0.72 percent this week, up from last week's average of 0.69 percent. Average 5 year CD rates increased to 1.33 percent, up from last week's average of 1.31 percent. While both 1 year and 5 year rates moved higher on average, that wasn't the case for 24 month CD interest rates which declined to 0.76 percent, down from 0.78 percent.As for January's job numbers report, the number of jobs created last month was 157,000 and the unemployment rate moved up to 7.9 percent, up from December's 7.8 percent. The positive points in the report weren't January's number but the final numbers for the last three months of 2012.     Read more...

10 Year U.S. Treasury Yields Rise Above 2.00 Percent as 4th Quarter U.S. GDP Declines 0.1 Percent

10 year U.S. Treasury yields are higher today and above 2.00 percent for the first time since April 2012 as the Commerce Department reported 4th quarter GDP contracted 0.1 percent. The decrease in GDP was a surprise since economists estimated the number would come in at plus 1.0 percent.The economy was humming along in 2012 - 3rd quarter GDP was at 3.1 percent and overall, the economy grew at 2.2 percent for 2012, up from 1.8 percent in 2011. The recent pull back is due to businesses reducing inventories and government spending falling sharply. These two reductions can be attributed to politicians struggling to reach a fiscal cliff deal on tax increases and budget cuts at the end of 2012.     Read more...

Asset Allocation Best Practices Change During Your Lifetime

There are best practices everyone should adhere to when allocating investments. Many people just starting out are resistant to setting aside anything - their belief is that they'll make more money later and that they can't spare a dime right now. Often paying off student loans and setting up a new life are looming overhead.The easiest way to begin is if your company is offering a 401(k) program. You can have as little as 1% automatically deducted from your paycheck and increase it by 1% every few months and see your returns and savings grow. It's a small amount but a huge investment in your future and absolutely worth it. Many companies also match your 401(k) investment (read: free money).When you're young and just starting to invest, you have time on your side and you can afford to have your asset allocation on the riskier side. If there are drastic market declines like we have seen twice in the past 12 years, you still have time to recover from those declines and benefit in being invested for the long run.     Read more...

This Week's Best CD Rates on Short Term Certificates of Deposit

My colleagues and I have been writing about the turbulence in the stock markets yesterday thanks to the Fiscal Cliff that the markets have finally decided to realize is coming. That combined with the ongoing financial issues in the European Union are driving stocks lower. We have been talking about limiting exposure to stocks and mutual funds until the Democrats and Republicans can reach a deal.I'm not holding my breath about a deal until at least the first quarter of 2013. Why? Because we are already hearing the same from both sides so I believe we will have to fall over a cliff before anything is done. That being said I've started dumping my stock holdings and investing in deposit accounts.I realize I'll have to deal with higher taxes since the gain in the markets but I figured I'd might as well pay higher taxes on my gains now at 15 percent, the Bush tax cut rate, instead of the new capital gains rate of 20 percent in 2013. Considering the gains we already had and the pending declines I've decided to invest in a 3 month certificate of deposit.     Read more...

Mortgage Rates Decline: Current Fixed 15 Year Refinance Rates as Low as 2.25 Percent

For the second consecutive week fixed conforming mortgage rates declined in Freddie Mac's Primary Mortgage Market Survey. Current mortgage rates on 15 year conforming loans are now below 5 year adjustable conforming loans. Average rates are lower again on weak economic news and on mortgage securities purchases by the Federal Reserve.Fixed conventional 30 year mortgage rates today hit an all-time record low of 3.36 percent with 0.6 mortgage point for the week ending October 4, 2012. The average 30 year mortgage rate in the survey is down from last week's record low of 3.40 percent. Average 30 year mortgage rates will probably head down to 3.00 percent before the end of 2012.There are lenders out there offering 30 year refinance rates below Freddie Mac's average 30 year mortgage rate. Right now we have one lender listed offering 30 year refinance rates today at an incredibly low rate of 3.125 percent with points in the state of New Jersey.     Read more...

Today's Mortgage Rates Near Record Lows and Reasonible Lending Standards Would Raise Home Sales

Today's mortgage rates just above record lows combined with reasonable lending standards would raise home sales by 500,000 to 700,000 additional homes in the coming year. The National Association of Realtors just released an interesting survey showing home sales could be significantly higher if lenders returned to reasonably safe and sound lending standards.The Federal Reserve is doing their part to help the housing market by buying mortgage backed-securities and long term Treasuries to drive mortgage rates down to record lows. Current mortgage rates on 30 year conforming loans are around 3.50 percent. Mortgage rates today on 15 year conventional loans are just above record lows at 2.93 percent. Jumbo mortgage rates on 30 year and 15 year jumbo loans are also just above record lows.The National Association of Realtors chief economist, Lawrence Yun, said if mortgage lending standards return to normal there would be tremendous benefits to the U.S. economy. There would be additional sales of 500,000 to 700,000 homes in the coming year which would add 250,000 to 350,000 jobs in related housing trades and services.     Read more...