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

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.

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.

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.

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.

29.00% APY Leap Year CD Special at Motion Federal Credit Union

Motion Federal Credit Union is offering an incredible certificate of deposit Leap Year promotion, with a 29.00% APY!!! You'd be crazy not to take advantage this CD promotion and it's only available today. The 29.00% APY isn't a typo, it's actually twenty-nine percent. This rate is available today, February 29th, 2024.

Now for the nitty-gritty, the maximum deposit amount is $500, and the certificate of deposit term is 4-months. If you deposit new money there are no other requirements, only that you are elidable to join Motion Federal Credit Union.

Top 25 Twelve Month CD Rates as of 2/5/24

Below is a list of the top 25 Twelve Month CD rates as of February 5, 2024. You can search for and compare certificate of deposit rates for any terms by using our deposit rates tables. We have CD rates from thousands of financial institutions to make sure you're getting the best rates available today.

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

Associated Bank CD Rates: 4.50% APY 7-Month CD Top Rate

Associated Bank CD rates for the most part are not that competitive, there are a few short-term CD rates that are competitive. The best CD rates at Associated Bank are on the bank's 7-month CD, with a current rate of 4.43% and an APY of 4.50%. The minimum opening balance for this CD account is $5,000. One other rate worth mentioning is on Associated Bank's 13-month CD, current rate is also 4.43% with an APY of 5.00%, minimum on this account is also $5,000. See a complete list of Associated Bank CD rates below and compare those rates with other bank CD rates.

Current Associated Bank CD Rates

30 Day Mini Jumbo CD

BMO Alto CD Rates: 5.50% APY 12-Month CD, 6-Month CD 5.20% APY

BMO Alto CD rates on the bank's short-term certificates of deposit are very good right now. BMO Alto's 12-month CD rate at 5.50% APY, ties the bank for 25th place for the highest 12-month CD rates in our database of rates. 6-month CD rates at BMO Alto are also a good deal at 5.20% APY. There is no minimum opening deposit for any CD account/term. You can view a complete list of BMO Alto CD Rates below and compare those rates with other bank CD rates.

Current BMO Alto CD Rates

BluPeak Credit Union CD Rates: 5.75% APY 9-Month Promo CD Best Offer

BluPeak Credit Union CD rates are the credit union's 9-month and 12-month certificates (CDs) have some of the best CD rates available right now. Current 9-month CD rates are at a whopping 5.75% APY, that beats most 12-month CD rates available. In fact, that 5.75% CD rate puts BluPeak in the Top Ten rates available in our 12-month CD rate, currently at seventh place. 12-month CD rates at BluPeak Credit Union are also competitive at 5.50% APY. The 12-month rate lands BluePeak tied for 25th place on our 12-month CD rate list. View all of BluPeak Credit Union CD rates and compare those rates with other rates by using our free rate lists.

BluPeak Credit Union CD Rates Today

Ally Bank CD Rates: 5.15% APY for 18-Month CD Account

Ally Bank CD rates on the bank's shorter-term certificates of deposit are competitive against other online CD rates. The best CD rate at Ally Bank is on the 18-month certificate of deposit which has a current rate of 5.15% APY. The 18-month CD rate from Ally, puts the bank in the best 20 rates available on our 18-month CD rate list. Other Ally Bank CD Rates worth mentioning are on the 9-month CD and 12-month CD, both accounts have a current CD rate of 5.00% APY. You can view a complete list of Ally Bank Regular CD rates here.

Ally Bank CD Rates

18-Month CD

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

Academy Bank CD Rates: Highest Rate 5.20% 13-Month CD

Academy Bank CD rates are very competitive right now, especially on the bank's 9-month and 13-month certificates of deposit. The current 9-month CD rates are at 5.25% APY with a minimum of deposit of $500. 13-month Academy Bank CD rates are slightly higher at 5.40% APY, also with a minimum of deposit of $500. You can view a complete list of regular CD rates and IRA CD rates below.

Academy Bank Regular CD Rates

Here are the CD rates offered by Academy Bank for different terms:

Mortgage Rates Hit New Record High for 2023: 30-Year Rates at 8.099%

Mortgage rates have increased again this week to new highs in 2023 and the highest levels in over 20 years. A stark contrast to the all-time lows experienced just a couple years ago. 30-year conforming mortgage rates have soared to a staggering average just above 8.00%, current 30-year rates are at 8.099%. Jumbo loans for the same 30-year term are slightly lower rate of 7.953%. These two-decade new highs have resulted in a big upheaval in the mortgage market, posing challenges and considerations for both new homebuyers, home sellers and those looking to refinance.

15-Year Mortgage Rates See Dramatic Uptick

The financial landscape for 15-year fixed conforming loans has also been radically altered. Rates for these shorter-term loans have climbed to an eye-popping 7.269%. I remember back in 2012, I refinanced a 30-year mortgage to a 15-year mortgage with a fixed rate of 2.75%!

BMO Alto CD Rates: 12-Month at 5.40% APY, 6-Month at 5.20% APY

Oh, hold onto your seats, CD rate junkies! The once humdrum world of Certificate of Deposit (CD) accounts is undergoing a revolution, and it's led by none other than BMO Alto. Forget Netflix dramas, the most exciting plot twist is here: staggering interest rates that seem to defy conventional banking logic. How does a 12-month CD at 5.40% APY grab you? But hold your applause; there's more. BMO Alto has unleashed an array of special CD rates ranging from 5.40% to an eye-watering 4.50% for terms up to 60 months.

BMO Alto CD rates are some of the highest CD rates available right now on short-term certificates of deposit. The best CD rate available are on the 12-month CD at 5.40% APY, that rate is also much higher than the national average 12-month CD rate of 1.76% APY. The second-best CD rate available is on the 6-month CD at 5.20% APY and the third highest rate available is on the 24-month at 4.75% APY. There is no minimum opening deposit for any CD accounts at BMO Alto.

It's so groundbreaking it's almost suspicious. Who in their right mind would miss out on such an opportunity? For a paltry minimum deposit of just $0, that's right zero dollars, you get to hitch a ride on this financial roller coaster. But here's the catch—these jaw-dropping rates are as volatile as a cat on a hot tin roof. That means you should keep refreshing the BMO Alto website like it's a limited stock of PS5s on Black Friday.

Average Mortgage Rates in Arizona Decline This Week: 30 Year Conforming Rates at 6.96%

Are you looking to purchase a new home in Arizona? Keeping track of current mortgage rates before locking in a rate is essential to securing the best deal on your home loan. This week, average mortgage rates in Arizona have seen some slight changes compared to the previous week. While some rates have dipped slightly, others have increased slightly.

Average 30-year conforming mortgage rates are down slightly this week at 6.96%, down from the previous week's average of 7.007%. The average APR for 15-year fixed conforming mortgages in Arizona this week averaged 6.142%, a decline from last week's average rate of 6.167%.

How Soon Will You Receive Your FDIC-Insured Money After a Bank Failure?

If you have money deposited in a bank, you may be wondering what would happen to your money in the unlikely event, though more likely recently, that the bank goes out of business. Fortunately, the Federal Deposit Insurance Corporation (FDIC) has a plan in place to protect insured depositors in such an event.

There are two main ways that the FDIC can resolve a closed bank. The first is through a Purchase and Assumption Transaction, in which a healthy bank assumes the insured deposits of the failed bank. Insured depositors of the failed bank immediately become depositors of the assuming bank and have access to their insured funds. The second option is a Deposit Payoff. When there is no open bank acquirer for the deposits, the FDIC will pay the depositor directly by check up to the insured balance in each account.

Federal law requires the FDIC to make payments of insured deposits "as soon as possible" upon the failure of an insured institution. Recent FDIC publications also mention "within two days" or "the next business day". While every bank failure is unique, there are standard policies and procedures that the FDIC follows in making deposit insurance payments. It is the FDIC's goal to make deposit insurance payments within two business days of the failure of the insured institution.

Read the Fine Print When Investing in a Certificate of Deposit

Many people seek low-risk investment options for their hard-earned money, and one popular choice is certificates of deposit (CDs). CDs are attractive to risk-averse investors because they offer a fixed interest rate and are insured by the Federal Deposit Insurance Corporation (FDIC). In recent times, CDs have gained even more popularity due to market volatility, and the advertising of CDs with attractive yields has generated considerable interest.

CDs are often offered by banks and credit unions and are available in various terms ranging from a few months to several years. The longer the term of the CD, generally the higher the interest rate tends to be. This isn't currently the case because short-term interest rates are higher than long-term interest rates. When an investor purchases a CD, they agree to leave their money in the CD for the agreed-upon term, and in exchange, the bank pays them interest on the principal amount.

CD Maturity Date

Overcoming Overdrafts: Managing Your Finances to Eliminate Unnecessary Fees

An overdraft occurs when a person's account lacks sufficient funds to cover a transaction, but the bank or credit union proceeds to cover the payment anyway. The account holder is then required to repay the overdrawn amount, in addition to any overdraft fees incurred from the financial institution. Overdraft fees can be a significant financial burden, particularly for those who find themselves frequently incurring these charges. In many cases, these fees are avoidable, and it is essential for individuals to understand how to manage their finances effectively to minimize or eliminate these unnecessary costs.

A crucial first step in addressing overdraft fees is understanding the different options available to minimize their occurrence. For some, this may involve opting out of overdraft coverage, while others may find linking their checking and savings accounts or applying for a line of credit to be more suitable. By exploring these options and determining the most appropriate course of action, account holders can take charge of their financial situation and avoid the negative impacts of overdraft fees.

In addition to understanding these options, it is vital for individuals to be aware of the regulations surrounding overdraft fees and the potential consequences of overdrawing their accounts. This includes the fees associated with overdrafts, the frequency with which these fees can be charged, and the importance of repaying overdrawn amounts promptly to avoid further penalties.

A Guide to Rebuilding Your Credit

In today's world, having a healthy credit record is vital for financial success. Your credit score plays a significant role in determining your ability to access loans, credit cards, and other forms of financing. However, unforeseen financial challenges, such as job loss, medical emergencies, or unexpected expenses, can lead to a negative impact on your credit record. When this happens, it can be disheartening and overwhelming, as it becomes more difficult to secure the financing you need for essential expenses or future investments.

Rebuilding your credit is a necessary process that requires time, patience, and commitment. While it may seem like a daunting task, it is possible to improve your credit standing by following a strategic approach. It is important to note that there are no shortcuts or secrets to achieving a better credit score. Genuine improvement comes from consistent, responsible financial behavior over time.

This guide is designed to help you understand the steps needed to rebuild your credit effectively. By adhering to the principles and practices outlined below, you can work towards improving your credit score and ultimately regain your financial footing. With dedication and persistence, you will be better equipped to achieve financial stability and open doors to new opportunities in your personal and professional life.

Refinancing a Mortgage: When is a Good Time?

Refinancing is a process that involves paying off an existing mortgage using funds from a new mortgage. Homeowners often consider refinancing to lower their mortgage costs, for instance, by taking advantage of lower interest rates. However, there are trade-offs to consider, and refinancing may not be the ideal financial move for everyone.

We will delve into the key aspects of refinancing, the factors to consider, and the potential financial goals you may have in mind when deciding whether or not to refinance. Additionally, we will explore the types of refinancing options available, and the steps involved in the refinancing process.

Refinancing a mortgage may seem similar to the process homeowners went through when they obtained their current mortgage. Many of the steps and costs involved in securing a new mortgage are similar to those encountered during the initial mortgage application. To determine if refinancing is a viable option, you should first evaluate your individual situation.

Equity-Linked CDs: A Guide to Investing in Certificates of Deposit Linked to Stock Index Performance

Equity-Linked CDs are financial products that combine the features of both Certificates of Deposit (CDs) and stock indices. These CDs are FDIC-insured and offer investors the opportunity to earn returns based on the performance of a stock index, usually the S&P 500 Composite Stock Price Index, over a specified term. The interest rate is linked to the index, and investors can earn a potentially higher rate of return than traditional CDs if the stock index performs well. However, there are potential risks and considerations to keep in mind before investing in Equity-Linked CDs.

Equity-Linked CDs usually have a term of five years, although this can vary between financial institutions. The interest rate on the CD is determined by the performance of the stock index, which is measured at the end of the term. The interest rate may be calculated by taking the average of the closing prices of the index over a specific period, such as every six months. The participation rate determines how much of the index's increase will be used to compute the interest calculation. For example, if the participation rate is 70% and the index goes up by 10%, the investor will earn a return of 7%.

Some Equity-Linked CDs also set a cap on the return that can be earned, regardless of how well the relevant stock index performs. This means that if the stock index performs well, the investor's return may be limited by the cap. For example, if the cap is set at 10% and the index goes up by 20%, the investor's return will be capped at 10%.

My Bank Converted My Savings Account to a Checking Account

My bank converted my savings account to a checking account because I made too many withdrawals. Can the bank do this? The answer is yes and here's why.

Saving money is important for financial security, and many people turn to savings accounts to help them reach their goals. Online savings accounts and regular savings accounts are two popular types of savings accounts offered by banks and credit unions. They provide a safe place to store your money while earning interest, which can help your savings grow over time. However, it's important to be aware of the rules and limitations that come with these types of accounts. One common rule is that you can only make a limited number of withdrawals or transfers per month or statement cycle. Specifically, federal law limits you to no more than six withdrawals or transfers per calendar month or statement cycle. This rule applies to checks, debit card purchases, and electronic transfers but does not include withdrawals or transfers by ATM, in person, by mail, messenger, or telephone check (where payment is made by using your check account number and bank routing number).

So what happens if you make more than six withdrawals or transfers in a given month or statement cycle? Well, your bank or credit union is required to take action. They must prevent withdrawals or transfers exceeding these limits and must contact you if you exceed them. If you continue to exceed these limits after the bank or credit union has contacted you, the bank or credit union must either close the account and place the funds in a transactional account such as a checking account that does not pay interest, or take away the transfer or check writing capabilities of the account.

What is a Reverse Mortgage?

A reverse mortgage is a type of home loan designed specifically for homeowners who are 62 years old or older. The Home Equity Conversion Mortgage (HECM) is the most common type of reverse mortgage. This loan allows homeowners to borrow money using their home as collateral, just like a traditional mortgage. The title to the home remains in the borrower's name, and they are not required to make monthly mortgage payments.

One of the primary differences between a traditional mortgage and a reverse mortgage is that with a reverse mortgage, the loan is repaid when the borrower no longer lives in the home. The loan balance grows over time as interest and fees are added to the amount borrowed. Homeowners are required to pay property taxes and homeowners insurance, and they must use the property as their primary residence and keep the house in good condition. As the loan balance grows, the homeowner's equity in the property decreases. Eventually, the loan must be repaid, typically by selling the home. It's important to note that a reverse mortgage is not free money; it's a loan that must be repaid with interest and fees.

There are some scams to be aware of when it comes to reverse mortgages. Contractor scams are one common scam, where contractors may approach homeowners about getting a reverse mortgage loan to pay for repairs to their homes. This is often a scam, and homeowners should not feel pressured to get a reverse mortgage loan.

Understanding Deposit Holds: How Long Until You Can Access Deposited Funds?

One of the benefits of having a checking account is being able to deposit checks and access the funds quickly. However, the length of time it takes for the deposited funds to become available varies among banks and credit unions. To ensure that consumers are not kept waiting for an unreasonable amount of time, federal law establishes a maximum hold time.

If you deposit a check or checks for $200 or less in person to a bank employee, you can access the full amount the next business day. This means that if you deposit a check of $100, you can access the full $100 on the next business day. However, if you deposit checks totaling more than $200, you can access only $200 the next business day, and the rest of the money on the second business day. This means that if you deposit a check of $500, you can access $200 on the next business day, and the remaining $300 on the second business day. If your deposit is a certified check, a check from another account at your bank or credit union, or a check from the government, you can withdraw or use the full amount on the next business day if you make the deposit in person to a bank employee. This is because these types of checks are considered to be less risky.

If you make a check deposit at an ATM at your bank, you can withdraw or use the full amount on the second business day. This is because it takes longer for the bank to process checks deposited through an ATM.

Biweekly Mortgage Payments: Pros and Cons

Paying your mortgage biweekly can be an effective way to pay off your loan early and save money on interest over time. However, like any financial decision, there are pros and cons to consider before committing to this payment plan.

One of the main advantages of paying your mortgage biweekly is that you can make an extra payment each year without feeling the financial strain of a large lump sum. By breaking your monthly payment into smaller amounts, you can more easily budget for the expense and avoid late fees. Additionally, since interest accrues daily on a mortgage, making more frequent payments can reduce the amount of interest you pay over the life of the loan. This means that you may be able to pay off your mortgage faster and save thousands of dollars in interest charges.

However, there are also some downsides to a bi-weekly payment plan. One consideration is the cost of enrollment. Some servicers charge a fee to set up a bi-weekly payment plan, which may not be worth the expense. Before signing up for the plan, it’s important to carefully review the terms and conditions to understand the total cost and any potential penalties for early payoff.

What is the Best Method to Pay Off Credit Cards?

Credit card usage has become a common practice in the United States, with approximately 83% of adults in the country having at least one credit card. Despite the popularity of credit cards, consumers are wary of accruing credit card debt due to high-interest rates charged on unpaid balances. Credit card debt is considered an unsecured loan, meaning it is not backed by collateral, making it riskier for lenders, leading to a higher interest rate. In 2022, the average credit card had an annual percentage rate (APR) of over 18%. This makes it challenging for consumers to pay off their balances, especially when the credit card debt is on multiple credit cards.

According to a survey, 75% of Americans said they would not make a major purchase on their credit card unless they could pay it off immediately. However, despite trying to avoid carrying a balance on their credit card, many consumers still carry a balance. The Federal Reserve Bank of Boston estimates that 65% of cardholders carry a balance on their credit cards. Additionally, many of these borrowers have credit card debt on two or more credit cards with balances.

Given the prevalence of credit card debt, consumers must devise a strategy to pay off their balances. Various strategies are available, but they can be divided into two camps, one recommended by economic theory and one recommended by personal finance experts. However, before looking at the strategies, it's essential to understand how credit card debt works.

CIBC US CD Rates: 12-Month at 5.05%, 9-Month at 4.77%, 18-Month at 4.40%

CIBC US, or Canadian Imperial Bank of Commerce US, is offering several certificates of deposit all with competitive CD rates. CIBC US 12-month CD rates are at 5.05%, 9-month CD rates are at 4.77% and 18-month CD rates are at 4.40%. The minimum opening deposit to earn these CD rates is $25,000, amounts under $25,000 earn slightly lower CD rates, all rates are listed below.

CIBC Us offers a range of deposit products besides the CD terms and rates listed above. Another benefit of CIBC CDs is the flexibility to choose the term length that best suits your needs. Whether you want to save for a short-term goal like a vacation, or a long-term goal like retirement, there is a CD option available. CD accounts and other deposit accounts CIBC US offers are FDIC insured up to the maximum amount allowed.

All CIBC US CD rates are listed below. these rates are current as of April 7, 2023:

Bankwell CD Rates and Account Review: 5.00% APY

Bankwell offers 3 different types of certificates of deposit, all with competitive CD rates. The best CD rates from Bankwell is on their 12-month CD account at 5.00% APY. Bankwell's rate on the 12-month CD puts the bank in a select few banks offering a 5.00% CD.

Besides the 12-month CD, Bankwell also offers two other CD accounts, along with a range of other banking products. The shortest-term CD account is the bank's 6-month CD, with a current CD rate of 4.40% with an APY of 4.50%. The longest-term CD account offered by Bankwell is an 18-month CD with a rate of 4.16% with an APY of 4.25%.

One of the benefits of Bankwell's CD account, along with any CD account, is you can earn higher CD rates than you would with a regular savings account or money market account. Earning a higher rate requirest you to deposit a fixed amount of money for a specific period of time.