Have Bank Interest Rates Hit Bottom?
Posted on October 2nd, 2009 by MoneyBlogger
For the first time in what feels like over a year, banks are actually raising some of their rates. Very slightly, but still up. Ally Bank just raised their rates on their online savings account to 1.80% APY, up from 1.75%. Their 12-month CD is also up to 2.05% APY, while ING Direct has a 12-month CD rate of 2.10% APY. Not exactly exciting, but if rates are rising I’d be keeping my maturities short.
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Filed under: Finance, Money Saving Ideas
