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· · · BanxQuote Banking Center · · ·
Welcome to the BanxQuote Banking Center, the leading source for current interest rates
Mortgages
and pricing information for all types of deposits and loans in all 50 states and Washington, D.C. Banking markets are updated daily and are subject to market fluctuations. Benchmark quotes are compiled from the three leading financial institutions in each state, based on asset size and market share. To search for any quotes, click on one of the categories to the right. On each quote screen, clicking on an individual financial institution will take you to a snapshot profile of that company. If you have any questions or suggestions, feel free to drop us a line at business@digitalink.com.
Conforming Mortgages
These are single-family mortgage loans of less than $227,150, as of December, 1997. They conform with credit-support programs that comply with Federal Home Loan Mortgage Corporation or Federal National Mortgage Association requirements or are FHA or VA loans and will usually carry lower interest rates than jumbo mortgages.
Jumbo Mortgages
These are mortgages higher than the $227,150 market maximum set by the FHLMC or the FNMA. Because they cannot be funded by these agencies, they usually carry higher interest rates than conforming mortgages.
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These tables list the variable rates, fixed rates and annual fee (if any) for credit cards across the country. Please note that credit card offers in certain states may not be available nationwide.
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Automobile Loans
Loans issued for the purchase of a new or used car. Loans for new cars tend to carry lower interest rates than loans for used vehicles.
Boat & RV Loans
Loans issued for the purchase of a boat or recreational vehicle. These loan rates tend to be slightly higher than automobile loans.
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Home Equity Loans and Lines of Credit
Personal Unsecured Loans
Fixed-rate loans and variable-rate lines of credit, also known as HELOCs, are secured with equity in the borrower's home. Generally, these loans do not exceed more than 80 percent of the value of the home. These loans are sometimes called second mortgages.
Personal unsecured loans do not require a collateral and are primarily based on the borrower's annual income, employment and credit history. These loans generally carry higher interest rates than secured loans.
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This table has interest rates for the subsidized/unsubsidized Federal Stafford Loan and Federal PLUS Parent Loan. The table presents both the current interest rate and the in-school and repayment rate indices.
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Online Banking accounts generally provide remote transaction services 24 hours a day, 7 days a week, from your home or virtually any location, offering balance information from checking, savings and credit card accounts, money transfers, verification of cleared checks and deposits, downloading and importing of data into personal finance software, electronic bill payments and other "home banking" services.
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Typically, fixed-term certificates of deposit sold directly by an issuing bank offer higher yields than liquid savings accounts. However, the money is locked into the CD and cannot be cashed without penalties before the maturity date. In contrast, brokered CDs may be sold like bonds prior to maturity in the secondary market at the prevailing market price. Savings CDs usually require a minimum deposit between $500 and $25,000. Jumbo CDs sometimes offer slightly higher interest rates, but usually require a minimum deposit between $50,000 and $100,000. Institutional Jumbo CDs are not available to individuals. They are sold to institutional and corporate investors.
Market Type of CD Local Composite By State Term Type of CD 1 Month 2 Months 3 Months 6 Months 1 Year 2 Years 5 Years All Terms
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Money Markets include MMDA, NOW, savings accounts, passbook and other liquid bank accounts that earn interest. Money markets offer lower interests than CDs and require minimum deposits. However, money can be withdrawn from the accounts without penalties. Jumbo money markets require higher minimum deposits than savings money markets. Where a minimum deposit for a savings money market might be as low as $1,000, jumbo money markets will usually require a deposit of at least $50,000.
Local Composite Nationwide By State
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These charts indicate the consensus pricing levels and the issuing banks' "all-in" cost of funds prevailing in the new issue and secondary broker-dealer or wholesale markets for retail deposits. Both DTC (Depository Trust Co.) eligible book-entry type deposits, as well as direct wire and physical CDs, are covered.
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Copyright © 1998 BanxQuote Inc. All Rights Reserved.Data is provided for informational purposes only, and is not intended for transaction purposes. The Washington Post and BanxQuote shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
BanxQuote Data Contributors Service Financial Service Providers are welcome to contribute their logo, data and enhanced Corporate Profile, including telephone directory, e-mail, wiring instructions, interactive/online banking applications and link-back to their site. For more information on this program please call 212-643-8000 or e-mail info@banx.com.
