Higher Bank Yields

Interest rates continue to plummet for borrowers, with mortgage rates dropping below 4% for 30 year fixed, and less than 3% for shorter term mortgages like 15 year plans. Conversely investors continue to see interest rates drop for their investments and savings accounts. For conservative investors and those wanting to put emergency savings in a FDIC insured accounts, it is common to earn less than 1%, making these accounts loose purchasing power due to inflation. A few days ago the Wall Street Journal had a good article about banks and credit unions that are paying much better rates than those in my neighborhood, and may be worth considering.