Archive for August, 2009

Monday Money

Monday, August 31st, 2009

 This is a look at some of the best interest rates for deposits and loans from national banks and lenders.  (Surveyed Monday afternoon.)

Bank

Savings Account

1 Year CD

3 Year CD

Ally Bank

1.75%

2.00%

2.70%

American Express

1.85%

1.75%

2.75%

Bank of Internet

1.75%

1.70%

2.25%

Capital One

1.60%

0.50%

1.01%

Discover Bank

2.00%

2.00%

2.75%

Dollar Savings

1.70%

 

 

E*Trade Bank

0.80%

0.45%

0.75%

EverBank

2.07%

1.85%

2.35%

HSBC Direct

1.45%

2.00%

1.60%

ING Direct

1.40%

1.50%

1.50%

WT Direct

1.66%

 

 

Money Aisle

(get bid)

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Rates are APY (Annual Percentage Yield)
Assumption: $10,000 deposit

Mortgage

Lender

 

5/1
 Adjustable Rate

30 Year
Fixed Rate

Bank of America

 

3.881%

5.275%

Chase Mortgage

 

3.858%

5.166%

Citibank Mortgage

 

 

5.271%

GMAC Mortgage

 

3.918%

5.123%

Quicken Loans

 

3.918%

5.048%

Wells Fargo

 

3.937%

5.318%

Lending Tree

 

(get quotes)

(get quotes)

Rates are APR (Annual Percentage Rate)
Assumptions when available:  $320,000 conforming loan,
20% down, excellent credit, documented income,
priced with approximately 1 point loan cost (+/- .50 point)
California property  (Rates Survey between Friday and Monday)

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Monday Money

Monday, August 24th, 2009

This is a look at some of the best interest rates for deposits and loans from national banks and lenders.  (Surveyed Monday afternoon.)

Bank

Savings Account

1 Year CD

3 Year CD

Ally Bank

1.70%

2.00%

2.70%

American Express

1.85%

1.75%

2.75%

Bank of Internet

1.75%

1.70%

2.25%

Capital One

1.60%

0.50%

1.01%

Discover Bank

2.00%

2.00%

2.75%

Dollar Savings

1.70%

 

 

E*Trade Bank

0.80%

0.45%

0.75%

EverBank

2.07%

1.75%

2.25%

HSBC Direct

1.45%

2.00%

1.60%

ING Direct

1.40%

1.50%

1.50%

WT Direct

1.66%

 

 

Money Aisle

(get bid)

(get bid)

(get bid)

Rates are APY (Annual Percentage Yield)
Assumption: $10,000 deposit

Mortgage

Lender

 

5/1
 Adjustable Rate

30 Year
Fixed Rate

Bank of America

 

3.926%

5.275%

Chase Mortgage

 

3.893%

5.280%

Citibank Mortgage

 

 

5.260%

GMAC Mortgage

 

3.833%

5.249%

Quicken Loans

 

3.961%

5.093%

Wells Fargo

 

4.029%

5.444%

Lending Tree

 

(get quotes)

(get quotes)

Rates are APR (Annual Percentage Rate)
Assumptions when available:  $320,000 conforming loan,
20% down, excellent credit, documented income,
priced with approximately 1 point loan cost (+/- .50 point)
California property  (Rates Survey between Friday and Monday)

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Monday Money

Monday, August 17th, 2009

This is a look at some of the best interest rates for deposits and loans from national banks and lenders.  (Surveyed Monday afternoon.)

Bank

Savings Account

1 Year CD

3 Year CD

Ally Bank

1.70%

2.00%

2.70%

American Express

1.85%

1.75%

2.75%

Bank of Internet

1.75%

1.70%

2.25%

Capital One

1.60%

0.50%

1.01%

Discover Bank

2.00%

2.00%

2.75%

Dollar Savings

1.70%

 

 

E*Trade Bank

0.80%

0.55%

0.80%

EverBank

2.07%

1.85%

2.35%

HSBC Direct

1.45%

2.00%

1.60%

ING Direct

1.40%

1.50%

1.50%

WT Direct

1.76%

 

 

Money Aisle

(get bid)

(get bid)

(get bid)

Rates are APY (Annual Percentage Yield)
Assumption: $10,000 deposit

Mortgage

Lender

 

5/1
 Adjustable Rate

30 Year
Fixed Rate

Bank of America

 

3.917%

5.275%

Chase Mortgage

 

3.918%

5.154%

Citibank Mortgage

 

 

5.145%

GMAC Mortgage

 

3.802%

5.157%

Quicken Loans

 

3.957%

5.082%

Wells Fargo

 

3.892%

5.318%

Lending Tree

 

(get quotes)

(get quotes)

Rates are APR (Annual Percentage Rate)
Assumptions when available:  $320,000 conforming loan,
20% down, excellent credit, documented income,
priced with approximately 1 point loan cost (+/- .50 point)
California property  (Rates Survey between Friday and Monday)

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Fed Keeps Rates Unchanged

Wednesday, August 12th, 2009

The Fed held steady today on the Fed Funds Rate keeping it in a range between 0% and .25%.  The Prime Rate should remain unchanged at 3.25%.

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Fed Rate Announcement Coming Later

Wednesday, August 12th, 2009

The Federal Reserve (FOMC) will announce its decision regarding rates later today.  We expect the FOMC to hold steady on the Fed Funds Rate.  Because of this, we expect no changes to the Prime Rate.

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Monday Money

Monday, August 10th, 2009

 

This is a look at some of the best interest rates for deposits and loans from national banks and lenders.  (Surveyed Monday afternoon.)

Bank

Savings Account

1 Year CD

3 Year CD

Ally Bank

1.70%

2.00%

2.70%

American Express

1.75%

1.75%

2.75%

Bank of Internet

1.75%

1.70%

2.25%

Capital One

1.60%

0.50%

1.01%

Discover Bank

2.00%

2.00%

2.75%

Dollar Savings

1.70%

 

 

E*Trade Bank

0.80%

0.55%

0.80%

EverBank

2.07%

1.75%

2.35%

HSBC Direct

1.55%

2.00%

1.60%

ING Direct

1.40%

1.50%

1.50%

WT Direct

1.76%

 

 

Money Aisle

(get bid)

(get bid)

(get bid)

Rates are APY (Annual Percentage Yield)
Assumption: $10,000 deposit

Mortgage

Lender

 

5/1
 Adjustable Rate

30 Year
Fixed Rate

Bank of America

 

4.113%

5.447%

Chase Mortgage

 

4.125%

5.407%

Citibank Mortgage

 

 

5.431%

GMAC Mortgage

 

3.750%

5.386%

Quicken Loans

 

4.031%

5.427%

Wells Fargo

 

4.110%

5.571%

Lending Tree

 

(get quotes)

(get quotes)

Rates are APR (Annual Percentage Rate)
Assumptions when available:  $320,000 conforming loan,
20% down, excellent credit, documented income,
priced with approximately 1 point loan cost (+/- .50 point)
California property  (Rates Survey between Friday and Monday)

  • Share/Bookmark