What banks have the...
 
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What banks have the best interest rates?

 
Alana33
(@alana33)
Expert

On Savings or CD accounts.
Our local banks offerings seem pretty pathetic.

Any ideas?

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Topic starter Posted : January 19, 2015 12:24 pm
JohnnyU
(@JohnnyU)
Advanced Member

Rates are low nation wide

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Posted : January 19, 2015 12:35 pm
DanielB_STX
(@DanielB_STX)
Advanced Member

Usually Credit Unions have the best rates right now! All banks offer next to nothing.

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Posted : January 19, 2015 12:54 pm
CruzanIron
(@cruzaniron)
Expert

Discover Bank.

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Posted : January 19, 2015 3:07 pm
speee1dy
(@speee1dy)
Expert

banks have not had good rates on savings or cd's in at least 13 years

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Posted : January 19, 2015 7:47 pm
Alana33
(@alana33)
Expert

I've noticed, hence the question!
I do remember way better rates but those days are gone!
Thanks for input everyone! 😉

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Topic starter Posted : January 19, 2015 10:21 pm
Jumbie
(@ohiojumbie-2)
Trusted Member

When banks have relatively low interest rates for loans, the interest rates they pay on CD's & savings accounts is also relative low.

Jumble (Back on island & loving it)

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Posted : January 19, 2015 11:19 pm
RevFD
(@RevFD)
Advanced Member

When you factor in the inflation rates it gets even more pathetic.... 🙂

http://www.usinflationcalculator.com/inflation/historical-inflation-rates/

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Posted : January 20, 2015 4:12 am
SkysTheLimit
(@SkysTheLimit)
Trusted Member

Put your savings into low cost, balanced, mutual funds. And hope for the best....

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Posted : January 25, 2015 12:25 pm
SausageInTheCan
(@SausageInTheCan)
Advanced Member

The only interest in banks here is charging outrageous fees.

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Posted : January 25, 2015 2:22 pm
Ca. Dreamers
(@ca-dreamers)
Advanced Member

Cash is KING!

CD

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Posted : January 26, 2015 11:39 am
STXBob
(@STXBob)
Trusted Member

This bank was offering 2% interest per week, until recently:

https://www.schneier.com/blog/archives/2015/01/operating_a_fak.html

"Pro tip: real banks never offer 2%/week interest"

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Posted : January 31, 2015 10:11 am
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