When I bought a house for the first time 15 years ago, the best mortgage rate I could get on my $130,000 fixer-upper (with a $10,000 down payment) was 6.8% fixed. That didn’t sound so bad at the time – mostly because that was the lowest rate available. I soon realized that if I used the full 30 years to pay it off, with compounding interest, I would have ended up paying over $302,500! That is well over double the amount of the original price of my house. Fortunately I was able to refinance over … [Read more...]
Reviewing Bank Of Texas CD Accounts
When reviewing various CD accounts that are available it is important to compare interest rates and several other things that can make a CD account stand out. Here are some of the key points to consider and why you might want to consider a Bank of Texas CD account.Current rates show that Bank of Texas CDs are some the highest out there! The rates are sitting at about .75% (5 years), which is pretty good when you compare them to other that are merely about .60%. It is a good idea to look into … [Read more...]
International Bank Of Chicago CD
Are you looking for a good CD to invest your money into? A certificate of deposit is a great option to consider as it provides you with a higher interest rate for your savings compared to investing your money into other accounts like traditional savings with interest rates of less than .25%. One bank that you might consider investing your money with is the International Bank of Chicago (IBC).Why IBC?Compare CD rates online and you will see that IBC offers one of the highest interest rates out … [Read more...]
Your Guide To The Best Online Savings
How can you find the best online savings accounts? It is not an easy process so you need to use bank comparison tools that can help you to look at the interest rates, account fees, and many other things that will help you to open an account to maximize your ability to save. Typically people only search for the interest rate when they are comparing savings accounts. This can be a big mistake as you have to consider the account fees as they could reduce your potential to earn more money. Online … [Read more...]
Tips To Find The Best Money Market Interest Rates
Are you looking for the best money market interest rates? Use our online comparison chart to help you find the best money market accounts to work with. These accounts give you a higher interest rate than what you will get with a traditional savings account and other investments. How can you find an account that will work well for your financial situation? Here are some tips that will help you to find the best money market account. Tip # 1 – Compare Rates One of the first things you need to do … [Read more...]
