Savings Rates Rise

Today’s High-Yield Savings Rates from the most competitive national banks. Includes Certificates of Deposits (CD’s), Money Market Accounts and High Interest Savings Accounts.



February 17th, 2015|Savings, Your Money|

Ally Increases Savings Rate To 0.99%. Are Savings Rates Finally Moving Up?

 
Ally Bank increased the interest rate it pays on Savings Accounts today to 0.99%. This is the second move up in rates by Ally Bank recently. Maybe this is a sign that bank deposit rates are finally starting to move higher from the historic lows these past few years.

See today’s High-Yield Savings Rates from the most competitive national banks. Includes Certificates of Deposits (CD’s), Money Market Accounts and High Interest Savings Accounts.



December 19th, 2014|Savings, Your Money|

Why You Should Start Saving Right Now

Business Insider has a great chart that shows how starting your retirement savings at 25 is so much better than at 35. While interest rates for savings accounts and certificates of deposit aren’t great right now, that will eventually change. It’s important to get in the habit of saving now.

See: http://www.businessinsider.com/saving-at-25-vs-saving-at-35-2014-3

Savings Rate Center
Today’s Average Rates Across the Country*
Savings / MMA CDs
Min Balance APY Trend
< $10k 0.26%
$10k – $24.9k 0.32%
$25k – $49.9k 0.43%
Term APY Trend
6 Month CD 0.40%
1 Year CD 0.63%
5 Year CD 1.75%
Compare Terms: – – Select One – – 6 Month CD1 Year CD2 Year CD5 Year CD


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Will myRA Be Right For You?

The President proposed a new entry-level, basic retirement account this week to help people start retirement savings accounts. It’s basically a RothIRA style account capped at $15,000 with the unique option to invest in a government-subsidized savings bond. Will myRA be right for you? Check out more of the details on CNBC and Marketwatch.

See:

http://www.cnbc.com/id/101375033

http://blogs.marketwatch.com/encore/2014/01/29/meet-myra-obama-offers-ira-plan-details/