Why you should shop interest rates
Most people spend more time for shopping for milk than savings accounts, car loans or mortgages. This is a mistake for two reasons.
First, when it comes to interest, earning more and paying less will make you wealthier.
Second, because shopping for the best rates is easier than shopping for milk - just use the handy search tools below.
While our interest rate search offers a lot of possibilities, it doesn't offer all. Nobody's does. But using it can help you determine whether you're earning as much as possible or paying as little as possible. It only takes a few seconds. Check it out!Thumbnail of 'Interest Rates' by Flickr user 401(K) 2013.
Over 30 years, the difference between paying 5% and 6% on $300,000, mortgage totals more than $67,000 - enough to put your kids through college! Use this tool to find the lowest mortgage rates nationwide in seconds.
A home equity loan is like a mortgage loan: fixed amount, fixed payments, fixed pay-off date. Use this loan to fund long-term, high dollar expenses like a home addition - Use this search tool to find the best deal.
A home equity line of credit is more like a credit card: you establish a limit, then take out as much as you need when you need it. Better than a credit card, however: the interest could be tax deductible. Use this search tool to find your lowest rate.
Your search for a car doesn't start in the showroom - it starts right here. Search for the lowest rate, get pre-qualified for a loan - then go shopping for a car. When you find the one you like, you’ll be ready to drive a hard bargain!
Banks pay savings rates based on how anxious they are to attract deposits. Use this handy search to see who's willing to pay you the most interest on certificates of deposit, ranging from three months to five years.
Could you be earning interest on your checking account? Use this search to find out. It won't be much, but earning something on your checking is better than earning nothing!
If you could earn twice as much at your job simply by asking, wouldn't you? Use this search to find out in seconds if you could be earning twice as much on your money market account. Make your money work as hard for you as you do for it!