Bank Interest Rates

Wells Fargo California Mortgage Rates

bankingblogs — Fri, 28 Aug 2009 23:55:19 +0000

Wells Fargo Bank of San Francisco, California, is advertising some of the best mortgage rates that are just above the national average for similar mortgage products.

Wells Fargo Bank is currently advertising a conforming 30-year fixed mortgage rate of 5.25 percent. Today’s national average for a 30-year mortgage is 5.22 percent. Wells Fargo is also offering a 30-year fixed FHA mortgage rate of 5.50 percent.

The bank is also advertising a conventinal 15-year fixed rate mortgage that is currently under 5.00 percent at 4.75 percent. The national average mortgage rate for a 15-year mortgage is 4.63 percent.

For conforming adjustable mortgage rates the bank is offering a rate of 4.25 percent for a five-year adjustable rate mortgage which is lower than the national average rate. The current mortgage rate for a 5-year ARM is 4.35 percent today. The bank is also advertising a conforming FHA 5-year ARM with a rate of 4.125 percent.

Their jumbo mortgage rates are also very competitive, today’s mortgage rate for a 30-year jumbo loan is at 6.25 percent, just above the national average rate of 5.14 percent for a 30-year jumbo mortgage. The 5-year jumbo adjustable mortgage rate is at 5.25 percent today, the national average rate is currently at 5.16 percent.

Conventional mortgage loan limits have been raised in certain metropolitan areas to assist home buyers and help the housing market. Wells Fargo lists rates for these ares, the loan amounts are higher than the traditional loan limits but are not considered jumbo mortgages because of the change.

Mortgage rates for larger mortgage amounts in federally designated eligible areas are higher than traditional conventional rates but lower than jumbo mortgage rates, current mortgage rates for a 30-year loan is 5.375 percent. 30-year FHA mortgage rates are at 5.50 percent and five-year ARMs are at 4.50 percent.

Century Bank Direct Online Certificates

bankingblogs — Thu, 24 Jul 2008 10:53:34 +0000

Century Bank Direct just recently made some substantial increases on the rates of its online CDs. The new CD rates and terms include:

3.76% APY 5-month
4.02% APY 10-month
4.11% APY 15-month
4.20% APY 20-month

The minimum deposit is $1,000, and the maximum deposit is $100,000.

Below are some of the details of the Online Certificate of Deposit:

$1,000 minimum to open
Maximum deposit of $100,000
Terms from 5 to 20 months
Interest calculated daily and paid monthly
Automatic transfers to outside bank of monthly interest available
Online CD redemption form can be used to close CD
10-day grace period when a CD matures
Early withdrawal penalties on the amount withdrawn: 90 days of interest for terms 12 months and under, 180 days for terms over 12 months

BECU Member Advantage Savings

bankingblogs — Sun, 15 Jun 2008 06:17:21 +0000

BECU offers Member Advantage, a program where members earn a high rate on the first $500 of their savings and checking accounts. This rate is currently 7.50% apy. Balances above $500 will earn BECU’s regular checking and savings rates. To qualify for Member Advantage you must open a Member Advantage Savings and Checking account, sign up for free eStatements in online banking, and enroll and remain active for either Free Bill Payment or recurring direct deposit into your Member Advantage Checking account. BECU is also offering 7.50% apy for those under 18 who open an Early Saver Account.

Field of membership in BECU is extended to those who live, work, worship or attend school in any State of Washington school district as well as past or present employees of The Boeing Company or it’s subsidiaries or affiliates. Membership is also available to other select groups. See site for details.

Bank of Ripley Reward Checking Account

bankingblogs — Mon, 07 Apr 2008 01:30:43 +0000

Bank of Ripley has a reward checking account that pays 5.26% APY on balances up to $25,000 (1.00% for above) and refunds ATM fees if the following monthly requirements are met:

1) 10 debit card transactions

2) receive electronic statement

3) access online banking

If these are not met, the rate falls to 0.25%. The minimum opening deposit is $100. There are no monthly fees. Branches are located in Covington and Ripley, Tennessee.

Banner Bank Spring CD Special

bankingblogs — Mon, 07 Apr 2008 01:25:08 +0000

Banner Bank is offering a Spring CD Special with a 4.00% APY and a 33-month term. The minimum deposit is $2,500, and the maximum is $250,000.

The bank services the Northwest states with 82 branches in Washington, Oregon and Idaho. This bank is FDIC insured.

iQ Credit Union High Yield Checking Account

bankingblogs — Thu, 20 Mar 2008 03:29:37 +0000

iQ Credit Union is offering a reward checking account called Intelligent Checking that pays 5.75% APY on balances up to $25,000 (0.35% for above) and refunds ATM fees (up to $25) if the following monthly requirements are met: 1) 12 debit card transactions, 2) one ACH or payroll deposit of $100 or more, 3) receive eStatements, and 4) use the Computer Branch at least once. If these are not met, the rate falls to 0.20%.

Membership is open to those who live, work, worship or go to school in the state of Washington. Please refer to the Eligibility Q&A for more details. Membership requires a minimum deposit of $25 in the share savings account.

Branches are located in the Washington cities of Vancouver, Battle Ground and Ridgefield.