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4.5 to 5.03% Interest Savings Accounts Found!

It’s a bummer that mortgage and other loan rates have been going up the past year, but did you know that means savings account rates are, too? For the first time in decades I have finally seen a legitimate 5.03% APY savings account without many catches. Primis Bank is showing they offer 5.03% APY on their fee-free checking account and 5.03% APY on their fee-free savings account. The next best runner-up is Marcus Bank with a 3.50% APY, but with this link, they give you a bonus 1.0% savings boost to 4.50%. 3.5% or higher is great when you consider the major banks are paying 0.01% to 1.24% as I write this! 5/3 Bank is showing 0.01% APY, Stock Yards Bank & Trust 0.15% APY and PNC gives a whopping 0.01% but they’ll boost that to 1.24% APY if you have a balance of $100,000 or more. (all of these rates were obtained directly from each respective bank’s website)

Now I am partial to Marcus Bank because, 1. I’ve had a savings account with them for four years and I can personally attest that within one week of the Federal Reserve raising or lowering the Fed Funds rates (the ones that affect bank savings accounts), they forward on an increase/ decrease in the saving rate. I’ve found many banks will ‘tease’ you with higher paying rates then quietly lower it without telling you. Primis Bank I’ve looked at and it seems legitimate, but you’ll need to be aware that I’m not sure how well they’ll retain this 5.03%.

Benchmark Delivers A Christmas Homecoming Miracle

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VA Loan: National Guard VA Loan qualifications 2022 update

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Is waiting for lower interest rates a mistake?

With mortgage interest rates at a level not seen for over a decade (see chart below), the question of whether to wait for interest rates to fall is creeping in. This is not unreasonable, however, it does beg the question. Are rates actually high? If you take a look at the chart below, you can …

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How To Make Your Interest Rate Hold For Longer

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Sellers: How To Incentivize Home Buyers Inexpensively

Has your home been on the market long? Do you feel like selling your home is an insurmountable task? Selling your home can feel hopeless the longer your property sits awaiting a buyer. As sellers struggle to attract buyers, they are confronted with ideas like price slashes or full remodels to sell to their homes. …

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Is it still a good time to buy?

Better late now than never later. It’s the question that’s buzzing around real estate offices, mortgage companies, backyard barbecues, water coolers and passing conversations with neighbors. The short answer is — we think so. Yes, it is still a good time to buy. The long answer is more complicated. Consider these four trends to help …

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