Compare Bank Interest Rates

Depending on what Interest rates you are looking for can determine what would be the best bet for you.  If you are just looking for a checking or savings account bank interest rate the national average for that is right around .35%.  But with normal use of most checking and savings accounts most people don't look at the percentage rate of those to make a decision on where they are going to bank.  They usually go with a place that is more convenient for them, or go with whatever banking institution offers the best rates on check writing, online banking, and ATM fees.

Now if you are comparing bank interest rates on mortgages then you might want to do a little more searching.  The nation average for interest rates on mortgages is around 4.98% for a 30 year fixed, 4.64% for a 15 year fixed, and 4.60% for a 5/1 AML.  Depending on where you live it may be a little different but for the most part it will be around those numbers.

If you happen to be comparing bank interest rates for Credit Cards you should do a lot more research.  Those will vary a lot more between banks and other credit card providers.  The averages for these Interest rates are 13.35% for Balance transfer cards, 13.89% for Cash Back Cards, 10.79% for All Variable Cards, and 8.92% for Low Interest Cards. These numbers don't seem like a lot but they definitely can add up.  Especially when you are just paying the minimum due every month on your credit cards.

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