Arkansas Banking Rates

You may already be aware that certificates of deposit generally pay out higher interest rates than traditional savings accounts, but did you know that the longer the CD, the higher the rate? Financial institutions like customers to keep their money on deposit for as long as possible, so they’ll reward long-term account holders with better interest rates. That means if you’re looking for the best Arkansas CD rates, 24-month (2-year) CD accounts are sure to offer the highest rates.

If you’re not satisfied by the interest rates banks and credit unions are offering on 6-month CDs right now, lengthening the term a bit can help you get better offers. 12-month, or 1-year, certificates of deposit generally provide higher interest rates than shorter-term CDs. If you’re willing to keep your money on deposit for this long, a 12-month CD could be a great choice for you.

Certificates of deposit with a term length of 6 months are a popular choice among depositors. 6 months is a period of time long enough to really see interest rates that beat out most traditional savings accounts, but at the same time, short enough so that it doesn’t feel like you lose access to your money for too long. If you would like to open a 6-month CD in Arkansas, find out where to get the best interest rates first.

If your goal is to get the highest savings rate in Arkansas possible, you’ll need to regularly do research into where the top rates can be found. Since interest rates change regularly, sometimes on a daily basis, it’s important to check rates often and not just when you open your account.

One of the best ways to put yourself on the road to financial freedom is to ensure you’re getting the best bank account rates in Arkansas. So with literally thousands of financial institutions out there and millions of rates published each day, how can you be sure you’re getting the best deal?

April 26, 2011

A CD is a great investment, and the key to getting the most out of your money is to find the best interest rate. CD rates in Arkansas have seen a little fluctuation this month, so we’re here to update you on the best rates. Looking for the best CD rates today? Please refer to our top offers from credit unions and banks in Arkansas:

April 26, 2011

If one of your goals this year is to save money, why not start with where you deposit your money? A good savings account rate can help you earn a little bit of interest every day, which after time can amount to big savings. Savings account rates change all the time, so let’s take a look at what rates are currently available within your state.

Looking at the state of the financial world today, an investor has few options in terms of safe places to deposit money. The stock market is volatile, many people lost thousands from their 401(k)s and real estate is up and down.

Certificates of deposit, however, offer a great short or long-term investment opportunity. You many not be thinking too much about what will happen over the next two years, but putting your money in a 2-year CD will mean you may be able to afford a down payment on a house, a new car or another expense that you can’t afford right now.

For anyone who wants the reliability of a fixed rate mortgage but doesn’t like the idea of dragging out their loan over several decades, a 15-year fixed rate mortgage makes a great choice. These mortgage loans have slightly higher monthly payments, but very competitive interest rates and a term length that lets you pay less in interest overall.

Among those who take on a home loan in Arkansas, the 30-year fixed rate mortgage is a common choice. Fixed rate mortgage interest rates have been hovering below the 5% APR mark, making them especially affordable right now. Combine that with the fact that a longer term length of 30 years will help keep monthly payments down since there’s more time to pay the loan off and it’s easy to see why these home loans are so popular.