Brian McKay started MonitorBankRates.com in March 2008. He is the co-owner and main writer for MonitorBankRates.com specializing in writing articles on personal finance with an emphasis on finding mortgage financing.
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Brian’s 10 most recent articles are listed below.
The best savings account rates available in the rate database moved higher again this week and are now at 1.30 percent. There are two banks offering savings rates at this level – UFB Direct and BankPurely. A yield of 1.30 percent is much higher than the current national average savings rate of 0.58 percent. Savings […] ... Read more
The top CD rates continue to move higher as the best 2 year CD rate hits 1.70 percent this week. 2 year CD rates at Connexus Credit Union take the top spot this week at 1.69 percent with a yield of 1.70 percent. Connexus has the best rate this week but two banks are right on the credit […] ... Read more
CD rates continue to move higher this week. We look for the trend of higher CD rates to continue in 2017 as long as there isn’t a recession. The Fed is expected to increase the federal funds rate at least two more times this year, which will put more upward pressure on CD rates. This […] ... Read more
Mortgage rates moved lower aging this week, following bond yields lower. This is the third consecutive week that mortgage rates have declined. Average 30 year mortgage rates fell back below 4.00 percent for the first time in the past three weeks. Average 30 year mortgage rates fell to 3.95 percent this week, down from the prior […] ... Read more
Savings rates, money market rates, and CD rates continue to march slowly higher as we head into the second quarter of 2017. The best savings account rate available this week is from PurePoint Financial at 1.24 percent with an APY of 1.25 percent. PurePoint’s current savings rate is more than double the current national average of […] ... Read more
As we predicted in early March, the the top 1 year CD rate currently available is now at 1.49 percent with a yield of 1.50 percent. Conexus Credit Union is the first financial institution in the rate database to increase their 1 year rate to the 1.50 percent level. The catalyst for sending the best 1 year CD […] ... Read more
Mortgage rates slowly drifted higher this week. Average 30 year conforming mortgage rates increased to 4.16 percent, up from 4.10 percent last week. Overall, average 30 year mortgage rates haven’t changed since the beginning of 2017. On January 1st, average 30 year rates were at 4.16 percent, not far from today’s average. Mortgage rates won’t stay […] ... Read more
CD rates continue to inch higher this month as the top 1 year CD rate on our rate list increased from 1.35% to 1.40%. We might see the best 1 year CD rates move above 1.50 percent in the coming week if the Fed increases the fed funds rate. Recent comments by the Fed officials […] ... Read more
Listed below is a current CD rates report for 1 year certificates of deposit as of January 14, 2017. Current 1 Year CD Rates Pentagon Federal Credit Union 1.35% Yield 1.36% (tied for 1st place) EverBank 1.35% Yield 1.36% (tied for 1st place) VirtualBank 1.30% Yield 1.31% Live Oak Bank 1.29% Yield 1.30% My e-BAnC […] ... Read more
Listed below are the top savings account rates available on our database for January 11, 2017. The sole leader with the best savings account rate this week is Popular Direct with a rate of 1.14 percent and a yield of 1.15 percent. Top Savings Rates Popular Direct 1.14% Yield 1.15% Synchrony Bank 1.04% Yield 1.05% (tied for […] ... Read more