Are Your Savings Working Hard Enough?
The Federal Reserve recently announced plans to keep interest rates low through late 2014.1 That’s great news for people borrowing money, but where does it leave the savers?
Many savings vehicles, such as CDs and money markets, are hovering below 1% APY these days. Even though it doesn’t seem like much, the difference can add up.
Choose a bank with award-winning rates
We’re very excited that our rates earned the Bankrate.com Top Tier Award3 all four quarters of 2011. That means our interest rates were consistently among the top three of the top 100 highest yields.
Put your money where it can earn more – a Nationwide Bank money market account or CD.
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1 Source: http://www.federalreserve.gov/newsevents/testimony/bernanke20120202a.htm
2 National Average APY according to Bankrate.com as of 2/15/12
3 Nationwide Bank earned this award for consistently ranking among the top 3 institutions with the highest reported annual percentage yields (APYs) in Bankrate.com’s 100 Highest Yields® for the 1st, 2nd, 3rd and 4th quarters of 2011.