PATH CD Rates, Savings & MMA, Mortgage & Loan Rates, Reviews

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  2. Credit Unions
  3. PATH Deposit Rates

PATH12-month CD rates can be found at 0.85%, 6-month CD rates at 3.05% and 3-month CD rates at 3.40%. Savings rates are at 0.05% and money market rates are at 0.12%. Mortgage rates on 30-year fixed loans are around 6.61%. Credit Card rates are at 14.00%. Personal Loan rates are at 11.90%. All these rates, and more, can be found in our database of rates which you can compare to PATH rates.

Compare PATH CD rates to other credit union and bank CD rates by searching our comprehensive rate tables. You can do side-by-side comparisons of PATH savings rates, CD rates and money market rates, with rates from other banks and credit unions below. You can also compare loan rates, including mortgage rates, personal loan rates and credit card rates.

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

Overall, PATH is an excellent credit union worth considering, with an overall rating of 5 stars out of 5 stars.

Rate
APY/APR
vs Avg
12-Month CD
N/A
18-Month CD
N/A
24-Month CD
N/A
36-Month CD
N/A
48-Month CD
N/A
60-Month CD
N/A
Savings
N/A
MMA
N/A
30-Year Fixed
N/A
Credit Card
N/A
Personal Loan
N/A
Bank of Jamestown
Path Federal
1 Path Plz
Jersey City, NJ 07306
Member NCUA
MonitorBankRates' Rating
5/5
★★★★★

Compare PATH Rates with Other Competitive Bank and Credit Union Rates

Bank
Product
APY
Min Dep
Bristol Morgan Bank
Bristol Morgan Bank
Rewards Checking
4.50%
$5,000
Jenius Bank
Jenius Bank
Savings
4.20%
$0
American Bank & Trust Co, Inc.
American Bank & Trust Co, Inc.
12-Month CD
4.15%
$1,000
NASA Federal Credit Union
NASA Federal Credit Union
60-Month CD
4.07%
$1,000
Fidelity
Fidelity
24-Month CD
4.00%
$1,000
TTNB Turbotville Bank
TTNB Turbotville Bank
6-Month CD
4.00%
$2,500
Bankwell Bank
Bankwell Bank
High Yield Money Market
3.75%
$100,000
Schaumburg Bank & Trust Company
Schaumburg Bank & Trust Company
17-Month CD
3.50%
$1,000
Thayer County Bank
Thayer County Bank
12-Month CD
3.49%
$2,500
Heritage Bank of St Tammany
Heritage Bank of St Tammany
36-Month CD
3.30%
$500
Alliance Community Bank
Alliance Community Bank
60-Month CD
3.30%
$1,000
Monroe Federal S&L
Monroe Federal S&L
48-Month CD
3.25%
$1,000
Heritage Bank Minnesota
Heritage Bank Minnesota
48-Month CD
3.03%
$250
Bellevue State Bank
Bellevue State Bank
24-Month CD
3.02%
$2,500
Bruning Bank
Bruning Bank
Premier Checking
3.00%
$1
Access Community Credit Union
Access Community Credit Union
36-Month CD
3.00%
$1,000
Wyoming Community Bank
Wyoming Community Bank
24-Month CD
2.60%
$1,000
OlyFed Olympia Federal S&L
OlyFed Olympia Federal S&L
Companion Savings
2.57%
$100
Axiom Bank
Axiom Bank
48-Month CD
2.50%
$500
Northwestern Bank
Northwestern Bank
18-Month CD
2.17%
$1,000
Huron Valley State Bank
Huron Valley State Bank
Money Market
1.76%
$5,000
North Shore Trust and Savings
North Shore Trust and Savings
60-Month CD
1.56%
$1,000
HomeBank
36-Month CD
1.51%
$2,500
Chelsea State Bank (CSB)
Chelsea State Bank (CSB)
Combined Money Market
1.26%
$25,000
Center National Bank
Center National Bank
48-Month CD
1.25%
$500
Lincoln FSB of Nebraska
Lincoln FSB of Nebraska
48-Month CD
1.20%
$5,000
Community Bank Owatonna
Community Bank Owatonna
12-Month CD
1.15%
$1,000
BankOrion
BankOrion
60-Month CD
1.10%
$500
Franklin SB Farmington, ME
Franklin SB Farmington, ME
60-Month CD
1.00%
$500
Iowa Falls State Bank
Iowa Falls State Bank
Money Market
1.00%
$5,000
The Antwerp Exchange Bank Company
The Antwerp Exchange Bank Company
60-Month CD
1.00%
$500
1st Bergen Federal Credit Union
1st Bergen Federal Credit Union
Share Savings
1.00%
$0
Consumers Credit Union
Consumers Credit Union
18-Month CD
0.99%
$250
Kirkwood Bank & Trust Co.
Kirkwood Bank & Trust Co.
Savings
0.75%
$25
The Victory Bank
The Victory Bank
48-Month CD
0.75%
$500
FSB Mcpherson, KS
FSB Mcpherson, KS
Regular Savings
0.60%
$50
Fidelity Bank West Memphis, AR
Fidelity Bank West Memphis, AR
Money Market Investor
0.25%
$2,500
United Bank of Philadelphia
United Bank of Philadelphia
36-Month CD
0.20%
$500
First Hope Bank
First Hope Bank
12-Month CD
0.15%
$2,500
La Salle State Bank
La Salle State Bank
Statement Savings
0.15%
$10
Industry State Bank
Industry State Bank
Preferred Investment Money Market
0.15%
$1,000
Bank of Star Valley
Bank of Star Valley
Money Market
0.10%
$1,000
PeoplesBank
PeoplesBank
Growth Savings
0.10%
$10
Bank of Old Monroe
Bank of Old Monroe
Money Market
0.10%
$1,500
Cape Cod Co-operative Bank
Cape Cod Co-operative Bank
Savings
0.05%
$10
Fulton Savings Bank
Fulton Savings Bank
Money Market
0.05%
$100
Great Midwest Bank
Great Midwest Bank
Direct Checking
0.05%
$1
360 Federal Credit Union
360 Federal Credit Union
Share Savings
0.05%
$5
First Federal S&L of McMinnville
First Federal S&L of McMinnville
Statement Savings
0.02%
$0
Premier Bank
Premier Bank
12-Month CD
0.00%
$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.

Compare PATH Mortgage Rates with Lenders Rates for Fixed and Adjustable Mortgages

Lender
Product
Rate
APR
Points
Luana Savings Bank
Luana Savings Bank
15-Year Fixed
5.250%
5.299%
0.000
GTE Federal Credit Union
GTE Federal Credit Union
15 Year Fixed
5.375%
5.547%
0.500
Addition Financial Credit Union
Addition Financial Credit Union
10-Year Fixed
5.375%
5.632%
0.000
Hatboro Federal Savings
Hatboro Federal Savings
15-Year Fixed
5.375%
5.757%
2.000
Mid-Atlantic Federal Credit Union
Mid-Atlantic Federal Credit Union
7/6 ARM
5.750%
5.768%
0.000
Old National Bank
Old National Bank
15-Year Fixed
5.750%
5.830%
0.000
Geddes Federal S&L
Geddes Federal S&L
15-Year Fixed Bi-weekly
5.750%
5.869%
0.000
Manasquan Bank
Manasquan Bank
15-Year Fixed
5.750%
5.875%
0.000
FourLeaf Federal Credit Union
FourLeaf Federal Credit Union
15-Year Fixed
5.750%
5.897%
0.000
Sheboygan Area Credit Union
Sheboygan Area Credit Union
15-Year Fixed
5.875%
5.936%
0.000
Wells Fargo
Wells Fargo
30-Year Fixed VA
5.750%
5.979%
1.000
Logix Federal Credit Union
Logix Federal Credit Union
15 Year Fixed
5.875%
6.010%
0.000
Randolph Brooks FCU
Randolph Brooks FCU
15-Year Fixed
5.750%
6.030%
0.000
Holyoke Credit Union
Holyoke Credit Union
20 Year Fixed
5.875%
6.036%
0.000
Unity Bank
Unity Bank
15-Year Fixed
6.000%
6.047%
0.000
StonehamBank
StonehamBank
20-Year Fixed
6.000%
6.089%
0.000
First Federal Savings Bank Evansville, IN
First Federal Savings Bank Evansville, IN
15-Year Fixed
6.000%
6.107%
0.000
NESC Federal Credit Union
NESC Federal Credit Union
5/5 ARM
6.000%
6.109%
0.000
Georgias Own Credit Union
Georgias Own Credit Union
7/1 ARM
5.500%
6.141%
0.000
Ideal Credit Union
Ideal Credit Union
5/1 ARM
5.375%
6.198%
0.000
WVS West View SB
WVS West View SB
20-Year Fixed
5.990%
6.220%
0.000
FNB of Scotia
FNB of Scotia
30-Year Fixed
6.125%
6.301%
0.000
Catskill Hudson Bank
Catskill Hudson Bank
7/6 ARM
5.500%
6.326%
0.000
Sheboygan Area Credit Union
Sheboygan Area Credit Union
7/1 ARM
5.750%
6.333%
0.000
Georgias Own Credit Union
Georgias Own Credit Union
30-Year Fixed
6.250%
6.341%
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.

Compare PATH Credit Cards with Other Competitive Bank and Credit Union Credit Cards

Institution
Product
APR
Notes
1st United Credit Union
1st United Credit Union
Visa Platinum Rewards
14.900%
ABCO Federal Credit Union
ABCO Federal Credit Union
VISA® Credit Cards
7.990%
Aberdeen Proving Ground FCU
Aberdeen Proving Ground FCU
Visa Platinum Preferred Starter
17.990%
Security Service Federal Credit Union
Security Service Federal Credit Union
Security Service Power Travel Rewards World MasterCard
16.250% - 17.250%
SchoolsFirst Federal Credit Union
SchoolsFirst Federal Credit Union
Share-Secured Mastercard
13.900%
Maximum Loan Amount Up to $5,000.00
ACMG Federal Credit Union
ACMG Federal Credit Union
VISA Platinum with Rewards
8.900%
Suncoast Credit Union
Suncoast Credit Union
Rewards Platinum VISA
12.500%
Credit Limit - $500 - $50,000
Abbott Laboratories Credit Union
Abbott Laboratories Credit Union
Visa Signature Rewards
17.200%
Introductory rate of 0% APR for the first twelve months on balance transfers and cash purchases.
ACFCU
ACFCU
Max Cash Preferred Card Visa
19.490% - 29.740%
Get more value with up to 5% cash back in 2 categories you choose.
Academic Federal Credit Union
Academic Federal Credit Union
Academic VISA® Classic
15.400%
LMCU Lake Michigan Credit Union
LMCU Lake Michigan Credit Union
Max Rewards Visa Credit Card
15.250%
ACFCU
ACFCU
College Real Rewards Card Visa
19.740% - 29.740%
Earn 1.5 points for every $1 you spend on eligible purchases (equal to 1.5% cash back)6 and work towards building a strong financial future.
BECU Boeing Employees Credit Union
BECU Boeing Employees Credit Union
BECU Visa
13.240% - 25.240%
0.00% Introductory APR for twelve (12) months from date of transfer when transfers are completed within 90 days of account opening.
600 Atlantic Federal Credit Union
600 Atlantic Federal Credit Union
Visa Credit Card
11.900%
Abri Credit Union
Abri Credit Union
Platinum Rewards Visa
15.400% - 24.400%
Earn 1 point for every purchase dollar spent. 12 Month Balance Transfer Rate 0%
ACFCU
ACFCU
Max Cash Secure Card Visa
29.990%
Make improving your credit score4 even more rewarding with up to 5% cash back in 2 categories you choose
Randolph Brooks FCU
Randolph Brooks FCU
World Cash Back Credit Card Mastercard
18.000%
1st MidAmerica Credit Union
1st MidAmerica Credit Union
Platinum
8.900%
Abbott Laboratories Credit Union
Abbott Laboratories Credit Union
Select Visa
13.200%
Introductory rate of 0% APR for the first twelve months on balance transfers and cash purchases.
Academic Federal Credit Union
Academic Federal Credit Union
Academic FCU VISA® Secured Card
10.900% - 15.400%
No annual fee, no cash advance fee, rewards program.
Acipco Federal Credit Union
Acipco Federal Credit Union
Visa Credit Card
9.990%
ABNB Federal Credit Union
ABNB Federal Credit Union
ABNB VISA Signature
14.740% - 17.740%
No annual fees or cash advance fees. Rates may vary depending on credit worthiness.
Y-12 Federal Credit Union
Y-12 Federal Credit Union
VISA Traditional
14.240% - 18.000%
Suncoast Credit Union
Suncoast Credit Union
Rewards Share Secured
18.000%
Credit Limit - $300 - $5,000
Aberdeen Proving Ground FCU
Aberdeen Proving Ground FCU
Visa Platinum Preferred Student
17.990%
Show More

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.

Compare PATH Personal Loans with Other Competitive Bank and Credit Union Personal Loans

Institution
Product
APR
Loan Amt
Loan Term Months
Advantage Credit Union Newtown, IA
Advantage Credit Union Newtown, IA
Personal Loans
14.700%
$8,000
60 - 60
Security Service Federal Credit Union
Security Service Federal Credit Union
Debt Consolidation Loan
9.990% - 16.240%
$0
61 - 66
ACFCU
ACFCU
Personal Loans
13.450%
$0
60
ABCO Federal Credit Union
ABCO Federal Credit Union
Personal Loans
10.490%
$0
1st Valley Credit Union
1st Valley Credit Union
Signature Loan
10.500%
$0
Acadian Federal Credit Union
Acadian Federal Credit Union
Open-End Unsecured Signature Loan-Line of Credit
10.200%
$0
1st MidAmerica Credit Union
1st MidAmerica Credit Union
Signature Loan
10.700%
$0 - $10,000
60 - 60
America First Federal Credit Union
America First Federal Credit Union
Personal Loan
12.990%
$0
12
705 Federal Credit Union
705 Federal Credit Union
Personal Loan
12.250% - 17.000%
$0 - $20,000
Access Federal Credit Union
Access Federal Credit Union
Consolidation Loans
14.850%
$0
37 - 60
Randolph Brooks FCU
Randolph Brooks FCU
Signature Personal Loan
12.150% - 18.000%
$0
49 - 60P
Aberdeen Proving Ground FCU
Aberdeen Proving Ground FCU
Personal Loan Rates
5.740%
$0
1 - 36
ACMG Federal Credit Union
ACMG Federal Credit Union
Personal Loans
8.990%
$0
36
Mountain America Federal Credit Union
Mountain America Federal Credit Union
Personal Loan
13.740%
$0
60
America First Federal Credit Union
America First Federal Credit Union
Line of Credit Variable
16.740%
$0
Advantage Credit Union Newtown, IA
Advantage Credit Union Newtown, IA
Personal Loans
14.200%
$5,000 - $8,000
48 - 48
AHE Plant 3 Federal Credit Union
AHE Plant 3 Federal Credit Union
Unsecured (Signature) Loan
11.000%
$0 - $500
Alec Federal Credit Union
Alec Federal Credit Union
New Signature Loans
8.990%
$0
Acadia Federal Credit Union
Acadia Federal Credit Union
Personal Loans
11.900%
$0 - $15,000
24 - 60
Access Of Louisiana Federal Credit Union
Access Of Louisiana Federal Credit Union
Personal Loan
9.200% - 17.950%
$0 - $15,000
60 - 60
Hughes Federal Credit Union
Hughes Federal Credit Union
Summer/Holiday Loans
9.500%
$0
Advantage Plus Federal Credit Union
Advantage Plus Federal Credit Union
Signature Loan
14.990%
$0
25 - 36
1st United Credit Union
1st United Credit Union
Personal Line of Credit Variable
13.150%
$0
360 Federal Credit Union
360 Federal Credit Union
Debt Consolidated
9.490%
$500
36
InFirst Bank
InFirst Bank
Personal Loan
12.000% - 12.110%
$1,500 - $15,000
48 - 48
Show More

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.

Our apologies, we do not have PATH rate data right now, check back for updates, we are adding rates all the time.

PATH Information

Credit Union Name: PATH
Full Time Employees: 3
Part Time Employees: 1
President: Edward Rehm
CEO: DENISE KINGSBERRY
Branch Locations: 0
ATM Locations: 0
Corporate Office Address:
1 Path Plz
Jersey City, NJ 07306
Phone Number: 201-216-6094
Fax Number:

PATH Financials

Total Assets:
12,866,475
Total Amount of Shares and Deposits:
8,123,857
Total Shares and Deposits < 1 Year:
8,123,856
Total Insured Shares and Deposits > $250K (item 17 less item K):
8,123,857
Total Interest Expense (Sum of items 6 8):
37,631
Share Certificates:
127
Number of Accounts for Share Drafts:
292
IRA KEOGH Accounts:
25
Number of Accounts for Regular Shares:
1,529
Total Cash on Deposit (Amounts Deposited in Financial Institutions):
263,021
Total Liabilities:
8,774,164
Show More

PATH Questions and Answers

No Cost Share Drafts:
Yes
Share Certificates with Low Minimum Balance Requirements:
Yes
Is Financial Counseling Offered?:
Yes
Financial Education offered for Members?:
No
Are financial literacy Workshops offered?:
No
Is there a first time homebuyer program?:
No
Credit management and repair offered?:
No
Online Financial Literacy?:
No
No Cost Bill Payer:
Yes
Mortgage Processing:
No
Approved Mortgage Seller?:
No
Deposits and Shares Meeting 70310(a):
1
Brokered Certificates of Deposits:
1
payment:
No
Are low cost wire transfers available?:
Yes
Member Application:
Yes
Are New Loans Available:
Yes
New Share Account:
No
Are online loan payments available:
Yes
Online Bill Payment Allowed?:
Yes
Can I download my account history?:
No
Electronic Signature Authentication Certification:
No
Can I get my bank statements online?:
No
External Account Transfers Allowed:
No
Remote Deposit Allowed:
No
Are Mobile Payments Avilable?:
No
Show More
Source: NCUA Last Updated 03/31/2024

Property Income Ideas: Secure Your Mortgage

In today's ever-evolving real estate landscape, securing your mortgage through additional property income not only stands as a prudent financial strategy but also as a necessity for many. 

As the market continues to witness fluctuating interest rates and varying property values, homeowners and investors alike are seeking innovative ways to ensure their investments remain secure and profitable. 

This introduction lays the foundation for exploring practical financial ideas aimed at protecting and maximizing the potential of your mortgage, ensuring long-term stability and growth in your real estate ventures.

    Read more...

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%
  •     Read more...

    Connecticut Community Bank CD Rates: Top Rate 4.15% APY 20-Month Bump-up CD

    Connecticut Community Bank is offering some good CD rates and some not so good. The highest CD rates are on the bank's 20-Month Bump-up CD, with a current rate of 4.15% APY. The second highest CD rate is on the bank's regular CD at 4.00% APY. The lowest CD rate is on the 18-month CD at 0.30% APY, a rather pathetic rate not worth even offering, I shouldn't even mention it. View all of Connecticut Community Bank CD Rates right here.

    Connecticut Community Bank Standard CD Rates

    12-Month CD

        Read more...

    U.S. Bank CD Rates: 7-Month 4.80%, 15-Month 4.85%, and 11-Month 4.95%

    There are many fixed-income investment opportunities out there, but when it comes to Certificates of Deposit (CDs), U.S. Bank is as an institution worth noting. With its Special CDs offering really competitive CD rates, U.S. Bank distinguishes itself from other financial institutions, thereby appealing to investors seeking substantial, risk-free returns.

    U.S. Bank offers many different types of CDs, which are listed below. U.S. Bank's Special CD rates are the best CD rates available and present an enticing option for investors looking to maximize short-term gains. Currently, the 7-month CD rate is at 4.80%, 11-month CD rate is at 4.95%, 15-month, and 19-month CD rates are at 4.85% These CD rates significantly outpace the national average for similar CD terms. To contextualize, a $25,000 investment in a 7-month Special CD at 4.40% APY would accrue $636.47 in interest—a remarkable, risk-free return. Importantly, these Special CDs can be opened with a minimum deposit of $1,000 and cap at $250,000.

    Standard CD Rates: A Less Lucrative Path

        Read more...

    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.

        Read more...

    US Bank CD Rates: 7-Month at 4.40%, 11-Month 4.50%, 15-Month 4.60%, 19-Month 4.70%

    US Bank CD rates on the bank's special certificates of deposit (CDs) are some of the best short-term rates available. 7-month CD rates are at 4.40%, 11-month CD rates are at 4.50%, 15-month CD rates are 4.60%, and 19-month CD rates are at 4.70%. As you can see, these short-term rates are very competitive and will above the current national average for the same CD term. If you deposit $25,000 in the 7-month CD at a rate of 4.40%, you will earn $636.47 in interest, not a bad risk-free return. The minimum opening deposit is $1,000 and the maximum is $250,000.

    US Bank is also offering many other types of CDs but the current rates on those CDs are pathetic when compared to the special rates. I'll list those rates below just so you can see the difference. One type is US Bank's Standard CD, which has terms ranging from 1-month to 60-months, with the highest rate being on the 60-month CD at a paltry rate of 0.25% APY.

    US Bank CD Rates on Special CD Accounts

        Read more...

    Fed's Yellen Sees Likely Increase in the Federal Funds Rate Later this Year

    We heard it straight from the horse's mouth: higher interest rates this year. In a speech last Friday, Federal Reserve Chairwoman, Janet Yellen said, "I expect that conditions may warrant an increase in the federal funds rate target sometime this year." A higher fed funds rate in 2015 will also lead higher CD rates in 2015.In Janet Yellen's speech, "Normalizing Monetary Policy: Prospects and Perspectives," she continued to prep the markets for a higher fed funds rate:
    As you know, last week the Federal Open Market Committee (FOMC) changed its forward guidance pertaining to the federal funds rate. With continued improvement in economic conditions, an increase in the target range for that rate may well be warranted later this year.
        Read more...

    Online Banks Dominate Top Savings Interest Rates Available

    For several years now, the average online bank deposit interest rate has been higher than the average traditional brick and mortar bank interest rate. In fact, this month the top 10 deposit rates listed in our database are all offered by online banks. Banks that do not have branches have lower overhead, which is how they can offer higher savings rates and money market rates.The largest U.S. bank holding companies (by assets) by far offer the lowest rates over regional banks, local banks, and of course, online banks. For example, below is a list of savings rates by the top 4 largest banks.

    CD Rates Move Higher This Week - Biggest Increases Will Come in 2015

    Banks and credit unions continue to increase CD rates on both short term and long term certificates of deposit. Overall, the increases have been marginal but at least the direction is higher. After six years of writing about lower certificate of deposit rates its a nice change to write about rates moving up.The biggest changes in rates this week are on 2 year certificates of deposit. Two credit unions, Chartway Federal Credit Union and HeritageWest Credit Union, are now offering the best rate on the rates tables at 1.25 percent with an APY of 1.26 percent. We now have 26 banks and credit unions offering 24 month rates at 1.00 percent or higher. These increases have sent the average 2 year CD rate higher this week to 1.13 percent, up from last week's average rate of 1.09 percent.Deposit rates will start moving much higher in 2015, when the Federal Reserve is expected to increase the fed funds rate. Exactly when rates will move higher in 2015 is debatable but minutes from the Fed's July meeting showed that policymakers discussed raising rates sooner than later.     Read more...

    Savings Rates Forecast for 2014 and 2015

    Current savings account rates and money market rates are still near record lows as we head into the new year. 2013 ends another year of very low deposit rates. Interest rates have been low for over 5 years now, ever since the financial crisis and "Great Recession." The question we hear all the time is when we can expect deposit rates to move higher.Before we get into forecasting savings rates and money market rates in 2014 and 2015, here's a quick check into where rates are right now.

    Current Average Savings Rates and Money Market Rates

        Read more...

    Actions by The Bank of Japan will Help Force Mortgage Rates Lower in the United States

    Current actions by The Bank of Japan (BOJ) will help force mortgage rates in the United States lower. The BOJ has started down an unprecedented path of stimulus by announcing their plan to purchase more than ¥100 trillion of Japanese government debt over the next two years. As a result of the BOJ's actions, investors are retreating from the Japanese bond market and looking for higher yields elsewhere in Europe and the United States.Actions by The Bank of Japan will Force Mortgage Rates Lower in the United StatesInvestors have been purchasing long term U.S. Treasuries which is sending yields lower. When bond prices rise because of investor demand, bond yields move lower. Since the BOJ announced their plans last week, 10 year Treasury yields have fallen from 1.85 percent down to 1.70 percent and have since bounced back to 1.75 percent today. Over the past week both conforming and jumbo mortgage rates have also fallen.Mortgage rates today on 30 year conforming loans are averaging 3.56 percent, a decline from last week's average 30 year mortgage rate of 3.65 percent. The recent high for average 30 year rates was 3.86 percent just a few weeks ago. Overall, average rates are expected to stay within current levels and will remain under 4.00 percent for the entire year. The forecast is for higher average 30 year mortgage rates in the coming year but rates will also remain under 4.50 percent for all of 2014.     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...

    U.S. Personal Savings Increases Dramatically in December 2012

    The U.S. personal savings rate, not to be confused with savings rates, jumped considerably higher in December 2012. The personal saving rate was 6.5 percent in December, up from 4.1 percent in November 2012. In dollar terms that translates into $805.2 billion saved in December 2012, compared with $495.0 billion in November 2012.Seeing a jump this large, you would think that the nation saving more had to do with an increase in savings account rates but that isn't the case. The best savings rates were just above 1.00 percent in both November and December of last year. The increase was the result of higher personal income due to the anticipation of higher tax rates in 2013.

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    Money Market Rates and Savings Rates December 10, 2012

    As we head until the final weeks of 2012 both average savings rates and money market rates are unchanged, ending another year of ultra low deposit rates. The best savings rates and best money market rates on our rate lists also haven't changed this week and probably won't for at least a couple more years.Dealing with these pathetic interest rates for about 4 years now isn't an easy thing for anybody who relies on interest income to live or just even if you're just trying to stay ahead the rate of inflation. You basically can't do either investing only in deposit accounts which means you have to take on more risk to get the same return you would have several years ago without any risk. The current national average savings rate/money market rate on account balances of $10,000 is at 0.52 percent this week, unchanged from last week's average rate. Larger deposit amounts don't earn that much of a higher rate. Current rates on account balances of at least $25,000 are at 0.56 percent and account balances of $50,000 earn 0.63 percent.Think these average rates are low? In this week's FDIC national average rate survey the average savings account rate is at 0.08 percent and the average money market account rate is at 0.12 percent. Jumbo savings rates on account balances of $100,000 or more are also at 0.08 percent and jumbo money market rates are at 0.18 percent.     Read more...

    Consumer Confidence and Home Prices are Up, Are Higher CD Rates on the Way?

    A series of positive economic reports have been released over the past couple months which point to a stronger economy and possibly higher CD rates sooner than the expected time frame of mid-2015 the Fed plans to keep the Fed Funds rate at near zero percent. Just this morning two more positive reports were released that add credence to higher interest rates.The Conference Board Consumer Confidence Index, which is a measure of consumer attitudes, rose to 73.7, higher than the expected 73.0 percent in a Reuters poll of economists. Consumer confidence is now at the highest the highest level in four and a half years. The second positive report this morning was the S&P/Case-Shiller Home Price Index which show home prices increasing 3.6 percent in the third quarter.The Federal Reserve has stated their need to keep the Fed Funds rate at exceptionally low levels until mid-2015, to lower the unemployment rate. Unfortunately a very low Federal funds rate also means low very interest rates on all interest bearing investments. The last factor dampening economic activity and as a result keeping a lid on higher interest rates is the pending fiscal cliff. Many economists believe the U.S. economy will boom once Congress and the President can come to an agreement of tax increases and automatic spending cuts to avoid the fiscal cliff.     Read more...

    Average Savings Rates and Money Market Rates at 0.51% This Week, Best Rates at 1.05% APY

    Average savings rates and money market account rates for account balance of at least $10,000 are averaging 0.51 percent this week in Bankrate's national rate survey. The Federal Deposit Insurance Corporation also releases a Weekly Average Rates and Rate Cap Survey and in this week's survey average savings account rates are at 0.08 percent and average money market rates are at 0.12 percent.The FDIC's jumbo savings rates and jumbo money market rates are not much higher in this week's survey. Jumbo savings rates are also averaging 0.08 percent and jumbo money market rates are averaging 0.18 percent. Thankfully the best interest rates available on both types of deposit accounts are much higher than the averages.The highest savings account rate on our rate survey this week is from CIT Bank at 1.04 percent with an APY of 1.05 percent. The highest money market rates are also at 1.04 percent with an APY of 1.05 percent. Two banks, Sallie Mae Bank and Union Federal Savings Bank are both offering money market rates at that level.     Read more...

    Highest 6 Month Bank CD Rates at 0.92 Percent

    Current record low mortgage rates has been a godsend for homeowners refinancing and for home buyers. Unfortunately record low interest rates also means record low CD rates and savings rates. The Federal Reserve just unleashed more easing to drive interest rates even lower, the Fed also said it plans to keep the Fed funds rate near zero percent until mid 2015. This means deposit rates will stay low for at least three more years and probably longer.In this week's National Rate survey released by the FDIC average 6 month CD interest rates are at 0.17 percent and average 6 month jumbo CD rates are at 0.18 percent, rather pathetic average rates if you ask me. Many banks are offering 6 month CD rates just above the average of 0.17 percent but thankfully there are still some banks interested in raising deposits so they are offering 6 month rates well above the average rate.The best CD rates on 6 month certificates of deposit are available at many times the FDIC average. The highest CD rate on our 6 month rate list is from Doral Bank at 0.92 percent with an APY of 0.92 percent, more than 5 times the FDIC average rate.     Read more...

    Best Online Savings Rates at 1.05 Percent, 10 Times the FDIC National Average Savings Rates

    The best online savings rates and money market rates are nothing to write home about but when you compare the best interest rates to the average rates things start to look a lot better. This week's savings account rates in the FDIC national average rate survey are at 0.09 percent for account balances of less than $100k. Jumbo savings rates are averaging the same pathetic rate of 0.09 percent.The highest savings rates on our national rate list are at 1.04 percent with an APY of 1.05 percent. That rate is more than 10 times the FDIC's average. The bank offering that rate is CIT Bank. To earn that rate and yield you have to open a CIT Bank savings account with a minimum opening balance of $25k.Money market rates are averaging in a little higher than savings account rates this week. In this week's FDIC survey the national average money market rate is at 0.13 percent. Jumbo money market rates are doing a little better at 0.19 percent. The best money market account rates on our national rate list are also paying 1.04 percent with an APY of 1.05 percent. The bank paying this rate and yield is Union Federal Savings Bank. The minimum opening deposit for a Union FSB money market account is $2,500.     Read more...

    This Week's Economic News Will Keep CD Rates and Other Deposit Rates Low

    News out this week doesn't bode well for CD rates and other bank deposit rates.  At an economic conference in Jackson Hole, Wyoming, Federal Reserve Chairman, Ben Bernanke, said Friday that the FOMC intends to act to help the economy recovery stay on tract. Stopping short of  saying more Fed easing to lower interest rates is imminent Ben still used language to suggest the Fed will act sooner than later if growth doesn't pick up.The Fed's action to lower bond yields and borrowing costs to spur growth as an negative impact on deposit rates. Bank CD rates on 1 year certificates of deposit are averaging a pathetic 0.27 percent in the FDIC's national rate survey. Bankrate's national survey has 1 year CD rates at banks averaging 0.71 percent.The highest CD rates on 12 month certificates of deposit are many times the FDIC national average and above Bankrate's average. Right now on our 1 year CD interest rates list the best CD rates are above 1.00 percent. The highest CD rate on our list is from two banks, CIT Bank and Bank of Internet. Current CIT Bank CD rates and Bank of Internet CD rates are at 1.09 percent with an APY of 1.10 percent.     Read more...

    Best CD Rates on 3 Year Certificates of Deposit

    The FDIC has the current national average 3 year CD rate at 0.62 percent. The national average 3 year jumbo CD rate is slightly higher at 0.64 percent. Thankfully you can find 3 year CD rates a higher than the averages since the average rates are so pathetic.Right now on our 3 year bank CD rates list the best CD rates are more than double the national average. Doral CD rates on 3 year certificates of deposit are currently at 1.44 percent with an APY of 1.45 percent. You probably won't find 3 year CD rates at banks or credit unions higher than Doral Bank's rate.The second highest CD rate on our 3 year rate list is from a national online bank. CIT Bank CD rates on 3 year certificates of deposit are currently at 1.41 percent with an APY of 1.42 percent.     Read more...

    Pathetic Savings Account Rates the New Normal

    Savers can't get break! Since the financial crisis and the recession savings account rates have been pathetic. Savings rates will continue to be pathetic until at least the end of 2014 since the Federal Open Market Committee (FOMC) plans to keep the Fed funds rate in a targeted range of zero percent to one quarter percent.The very highest savings rates and money market rates are barely just above 1.00 percent these days. The highest CD rates on 5 year certificates of deposit are just above 2.00 percent. If you have a mortgage you made out like a bandit if you were able to refinance your loan recently. I refinanced this year and found 15 year refinance rates just above 3.00 percent.Younger Americans have benefited more from record low interest rates than older Americans. Those just starting out in life owning a home more than likely have a large mortgage and less of a savings.     Read more...

    Savings Account Rates in California: Best Savings Rate at 1.10 Percent

    The current California average money market/savings account rate is at 0.53 percent for savings account balances of $10,000. For account balances of $50,000 or more average savings rates are a little higher at 0.69 percent. The FDIC's national average savings rate is a pathetic 0.9 percent.Thankfully you can find rates higher than the average rates. Right now on our money market rate/savings rate list the best savings rate/money market rate in the state of California is 1.25 percent APY. This rate is a 6 month promotional money market rate from EverBank. After the six month period the MMA rate drops to 0.76 percent.The top savings rate on our list that isn't a promotional rate is from CIT Bank. The current CIT Savings Account rate is at 1.04 percent with an APY of 1.05 percent for account balances of $25,000 or more. Account balances of less than $25k still earn a decent rate of 0.90 percent with an APY of 0.90 percent. The minimum opening balance for a CIT Bank savings account is $100.     Read more...

    Mango Savings Account 6 Percent APY

    A savings account with a 6 percent APY these days when the FDIC's average savings rate is .10 percent? That's right, you can get a 6 percent savings account rate on a Mango savings account! That rate has to be the best savings rate available today.Here's the catch, the savings account rate is tied to setting up direct deposit into the Mango Savings account. The last catch is the 6 percent rate is only on account balances up to $5,000. Account balances over 5k earn .010 percent, the pathetic national average rate as reported by the FDIC.If you're not interested in setting up direct deposit you can still earn a rate of 2 percent on the savings account by having a Mango Debit Card. The account will only earn 2 percent up to $5,000, balances over 5k earn only earn 0.10 percent.      Read more...

    Start a Savings Plan Now: A Guide for Teenagers

    As a teen you're probably in one of the most difficult periods of your life. For the first time in your life you're thinking about the future, where to go to college, where you want to live, what career path you want to choose the list is endless. One thing you're probably not thinking about is saving money for the future. The sooner you start the better off you'll be.Like most teenagers you probably have spent any money given to you by family or any money you have earned. You need to start thinking about saving some of that money, more importantly you need to learn how to do so.Start by deciding on putting a percentage of money away in a saving account when ever family gives you money or any money you earn. You might get several hundreds of dollars in cash from family on your birthday. You might work part time and earn money. Anyway you earn it always put some away.     Read more...

    Interest Rates Will Stay Low for Most of 2012

    For the past several years since the "Great Recession" interest rates have been low and heading lower. If you borrow more than you save, low rates have been a blessing. If you recently closed on a mortgage to buy a home or refinanced a mortgage, you no doubt benefited from historically low mortgage rates.Just to put things into perspective, mortgage rates today on 30 year conforming home loans are averaging 3.90%. Just a few years ago 30 year conforming rates were around 6.50%. Go back to the fall of 1981 and 30 year rates were in the double digits - as high as 18.45%. You can view Freddie Mac's PMMS Archives and see rates going back as far as 1971.If you're retired and rely on interest income from certificates of deposit, savings accounts or money market accounts low rates have put a dent in your income.     Read more...

    Explore Other Rate Deals

    Manville Area Federal Credit Union of Manville, New Jersey, is offering short term certificates of deposit that have some of the highest CD rates available from any bank or credit union. The credit union's CD rates also beat the national average CD rates.
    Virtual Bank is advertising several different types of CD rates. Virtual Bank is advertising Regular CD rates, eCD rates and Institutional CD rates. In addition to those CD rates the bank is also featuring a 3 month eCD rate. The current 3 month CD rate is 0.70 percent with an annual percentage yield of 0.70 percent. The minimum opening certificate of deposit balance is $10,000 for all CD accounts at Virtural Bank.
    Mortgage rates started 2014 on the downside, which caught many analysts off guard since the general consensus was mortgage rates would follow bond rates higher as a result of the Federal Reserve's policies. For many years now, the Federal Reserve's polices have been designed to suppress mortgage rates and bond rates to help the housing market recover, help the economy grow, and lower the unemployment rate.

    Bank or Credit Union Offers and Deals

    Mortgage Rates Up This Week: 30 Year Mortgage Rates at 5.14%
    Mortgage Interest Rates Decrease and Mortgage Applications Increase: Average Contract Rate on 30 Year Mortgages at 4.78%
    Mortgage Rates: Current Lender's Mortgage Rates Sunday, October 30
    Mortgage Rates - 30 Year Mortgage Rates Decrease to 5.13% and 15 Year Mortgage Rates Decrease to 4.45%
    Today’s Mortgage Rates: Current 30 Year Mortgage Rates 4.87%, 15 Year Mortgage Rates at 4.16%
    Mortgage Rates and Refinance Rates Stable: 30 Year Mortgage Rates at 4.74%, 15 Year Mortgage rates at 3.99%
    Mortgage Rates Decline Again: 30 Year Mortgage Rates at 5.07%
    LightPoint Mortgage Company Mortgage Rates
    Today's Mortgage Rates Up from Record Lows Caused Mortgage Loan Demand to Drop
    Dime Savings Bank of Williamsburgh MMA Rate at 1.10% APY

    Alternative Bank and Credit Union Offers to Explore

    Current Mortgage Rates Remain Low as Refinance Activity Declines
    Citibank Savings Account Promo
    California First National Bank 1 Year CD Rates now at 1.25%
    29.00% APY Leap Year CD Special at Motion Federal Credit Union
    EverBank Money Market Account
    This Past Week's CD Rate Changes
    Highest Variable Deposit Rate Report August 14
    Mortgage Rates This Weekend: 30 Year Mortgage Rates at 4.01%
    Mortgage Rates: Rates and Bond Yields are Headed Higher: 30 Year Mortgage Rates at 4.07%
    Northwest Hills CU Savings Interest Accounts and Money Market Accounts

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