Any quick search of money market accounts will show that the rates found
at online banks tend to be far higher than the offers you'll find at big banks like Chase and Wells Fargo.
Not exact matches
While the interest rates it advertises
online tend to be lower than most
banks or direct lenders, a quick look
at the underlying assumptions shows that these rates are the result of factoring in mortgage discount points, which must be paid for upfront as an extra item in your mortgage closing costs.
While interest - bearing checking accounts
at brick - and - mortar
banks tend to require more monthly fees and higher minimum balances, we found several strong
online - only options for people seeking to maximize their deposit interest.
While the best mortgage rates in Virginia
tend to be found
online at direct mortgage lenders, some brick - and - mortar
banks also offer competitive rates.
While the interest rates it advertises
online tend to be lower than most
banks or direct lenders, a quick look
at the underlying assumptions shows that these rates are the result of factoring in mortgage discount points, which must be paid for upfront as an extra item in your mortgage closing costs.
Online lenders
tend to offer some of the best rates available, and outperform traditional
banks at the cost of providing less in - person support.
However, the opposite is true
online: the interest rates on money market accounts
at online - only
banks tend to be higher than those on brick - and - mortar
banks, but lower than rates for
online savings accounts.