In-depth analysis on CDs, savings, mortgages, and the Fed’s impact on your money — written by Brian McKay and grounded in rate data from the 8,000+ financial institutions Monitor Bank Rates tracks daily.
If you’ve been shopping for a high-yield checking account, you’ve probably seen jaw-dropping APYs on the best checking rates tables: 10.47%! 8%! 7.50%! These aren’t typos, but they aren’t quite what they look like at first glance either. Almost every one of these accounts is a “rewards checking” or high-yield checking product with three things […]
Read article →Georgia state regulators closed Community Bank and Trust – West Georgia on Friday, May 1, 2026, marking the second U.S. bank failure of 2026. The Federal Deposit Insurance Corporation was appointed receiver and immediately arranged a same-day sale to Anchor Bank of Palm Beach Gardens, Florida, which reopened the bank’s three LaGrange-area branches as Anchor […]
Read article →The MonitorBankRates Housing Affordability Index stands at 100.7 for May 5, 2026, placing the national reading squarely in the “Near National Average” band, just above the long-run baseline of 100. The 30-year fixed mortgage rate component averaged 6.302% across 8,816 verified rate quotes from 1,724 FDIC-insured banks and NCUA-chartered credit unions, computed nightly from rates pulled directly from official institution websites. This inaugural monthly […]
Read article →The Federal Reserve held its target range for the federal funds rate steady at 3.50%–3.75% on April 29, 2026 — the same level the rate has been at since December 2025. For savers holding cash in a CD or weighing whether to open one, the more important questions are what today’s hold means for current […]
Read article →The Federal Open Market Committee meets today, April 29, 2026, with its rate decision and policy statement scheduled for 2 p.m. Eastern. Markets have priced in near-certainty that the Fed will hold its target range steady at 3.50%–3.75% — the same level the rate has been at since December 2025. The CME FedWatch Tool, which […]
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