Rates Current as of Thursday February 09, 2012
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Posted in January 11th, 2009

CD Rate Updates

CD Interest Rates Mildly Lower January 30, 2012

In the most recent survey of bank CD rates conducted by Selectcdrates.com, CD rates slumped slightly compounding last week’s similar dip.  The average yield on the Selectcdrates.com CD rate index moved down to 1.081 percent from an average rate of 1.087 percent found in the previous rate survey.  The Selectcdrates.com index covers the top ten [...]

CD Interest Rates Hold Steady January 23, 2012

CD rates remained relatively stable in the most recent survey of the top national CD rates.  The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week.  The Selectcdrates.com weekly CD rate survey showed the [...]

CD Interest Rates Display Little Change January 16, 2012

The best CD interest rates available were little changed over the past week.  Based on the most recent survey of bank CD rates performed by Selectcdrates.com, the average CD rate gave up less than one basis point or 1/100th of a percent week over week.  The average CD rate on the highest three month CDs, [...]

Banking & CD FAQs

How does the time horizon of my savings affect the interest rate?
Inflation is a major factor determining the level of interest rates. The longer the duration of the loan, the greater the risk that inflation can accelerate, reducing the purchasing power of the loan repayment. So, rates generally are higher on long-term loans than on short-term loans, because people who lend for longer periods
What are money market funds?
Money market funds or money market mutual fund is a mutual fund not insured by the FDIC. Money market mutual funds are regulated by the Securities and Exchange Commission’s under the Investment Company Act of 1940. Money market mutual funds are category of mutual funds that invest in the money market or
Can A bank pay a check after a stop payment is placed on the check?
Generally, banks honor a stop payment request. If you properly record a stop payment order and the bank cashes the check, the bank may be liable for the cashed check. However, the bank may not be liable if you fail to provide enough information to identify the check or you fail to provide
At what point is the interest paid on a savings account versus the time period it is paid on a certificate of deposit?
The frequency of interest payments, or the level of compounding interest, on any bank account is determined by the bank and the type of account you have. Truth in savings regulation makes it so the bank has to inform that account holder what the APY is on the account. The APY is the
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Select from the list of bank rates
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6 Month CD Rates
0.77%

1 Year CD Rates
1.05%

2 Year CD Rates
1.22%

5 Year CD Rates
1.87%

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Money Market Act. Rates
0.94%

Savings Account Rates
0.86%

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15 Year Mortgage Rates
3.31%

30 Year Mortgage Rates
4.05%

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FHA Mortgage Rates
3.93%

Jumbo Mortgage Rates
4.31%

Refinance Mortgage Rates
4.12%

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20 Year Mortgage Rates
3.86%

10 Year Mortgage Rates
3.11%

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Bank & CD Tips

Bank Accounts and FDIC Insurance Watch
It’s important to know why, when and how to be sure you’re bank accounts and savings are fully protected by FDIC insurance.  As more money has flowed into banks including online savings accounts to long term bank CDs the importance of principal security should not be overlooked.  Consumers don’t need to worry about their insurance
Short Term Savings, Bank CD Rates and Market Uncertainty
In a roller coaster investment climate it is wise to review your short term savings accounts and options.  There are a wide variety of short-term savings vehicles available.  As the financial market rides up and down, many financial institutions become more aggressive on the interest rates they offer to attract more depositors.  Assess each alternative based on
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