Monday Money

This is a look at some of the best interest rates for deposits and loans from national banks and lenders.   (Surveyed Monday afternoon February 22, 2010)  For Daily Mortgage Rate Updates see:

       BankSavings Account1 Year CD3 Year CD
Ally Bank 1.39%1.59%2.49%
American Express1.50%1.50%2.25%
Discover Bank1.35%1.70%2.50%
Dollar Savings1.40%  
HSBC Advance1.20%1.25%1.60%
ING Direct1.15%1.25%1.50%
WT Direct1.26%  
Money Aisle(get bid)(get bid)(get bid)

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

MortgageLender 5/1
 Adjustable Rate
30 Year
Fixed Rate
Bank of America 3.503%5.182%
Chase Mortgage 3.522%5.258%
Citibank Mortgage  5.186%
GMAC Mortgage 3.667%5.009%
Quicken Loans 3.650%N/A
Wells Fargo 3.564%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 typically surveyed between Friday and Monday)

1 thought on “Monday Money”

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