Low rates are often the reason why banks fail to attract customers. However, there are those which provide flexibility and great promotions in order to help one reduce the risk of falling into a low-earning CD term. But if you find yourself wanting to withdraw your investment during the term, you may be faced with […]
First National Bank of Pawnee Ups its APY Rates
Sometimes, small-town banks have it better. Take for example the First National Bank of Pawnee. Catering specifically to the needs of residents in its state of Oklahoma, the bank is able to offer much higher APR and APY rates. On the National Average, banks are only able to offer an APY of 0.65% – 0.99%. […]
No Hope For Savers – Long Term Interest Rates Going Down
Earlier in the week the Fed announced a plan to move short-term securities into long-term holdings, such as 50-year bonds. This move would ultimately affect mortgage rates and other consumer and business loans. As investors buy up U.S. treasuries, yields will drop in response, forcing interest rates on mortgages to also drop. Over the past […]