You know how important it is to get a low rate on your mortgage–you just don’t know where you’re supposed to find it. There are a lot of lenders and interest rates in the city, so just starting can seem like a huge task. To make the process of finding the lowest Philadelphia mortgage rates a little easier, we’ve listed some of the best places to look below. 
There are thousands of financial institutions throughout the U.S., several of which are probably in your home town. From bustling cities to tiny suburbs, there’s no shortage of banks and credit unions nearby. So when you’re trying to maximize your deposits and find the highest interest rates to help them grow, how do you know where to go? Below, Philadelphia Banking Rates has compared the average bank rates in Philadelphia with those at local credit unions to find out whether community banks or CUs have the best overall interest rates to offer.
Having a solid understanding of the interest rates available from banks and credit unions near you is very important if you expect to hold high-earning accounts. Philadelphia Banking Rates has compiled a list of the average CD rates in Philadelphia by term, so you can gauge the competitiveness of your own accounts or have a benchmark for comparison if you are interested in opening a new CD.
Do you belong to a credit union? If not, you could be missing out on some of the best interest rates in Philadelphia. Credit unions are known to have the most competitive rates, the only problem is you have to be a member to take advantage of them.
There are several credit unions in Philadelphia, PA offering outstanding rates. If the interest rates below are better than what you’re presently earning, find out how to become a member of one of these institutions and enjoy the great rates current members do right now.
In a healthy housing market, first-time home buyers make up 50% of all home sales. In the current state, first-time buyers are just 35% of new home sales. Despite falling home prices and low Philadelphia mortgage rates, home buyers are still sitting on the sidelines.
Both community banks and credit unions have garnered reputations as sources of excellent interest rates, which is great to know when you’re looking for the highest rate on your Philadelphia savings account. Of course, only one financial institution in the city can have the very best interest rate of all, and you probably want to know where that is. Is it the nearby bank or your community credit union? You’re about to find out.
When searching for the best Philadelphia interest rates, there are actually several different types of financial institutions where you can look like community banks, credit unions, national banks and online institutions. So why not begin your search close to home with the local banks in your area? These small organizations tend to offer higher rates than larger banks and chains. The following is a look at the highest rates from local banks specifically.
As the second quarter of 2011 comes close to an end, it presents a perfect chance to take another look at how CD rates are doing right now. We recently examined Philadelphia CD rates for 6 and 12 month terms in the month of June, so let’s do the same for 24-month (2-year) CD rates as well.
Union Community Bank offers competitive interest rates on their deposit accounts. The following are their rates for their checking accounts.
Union Community Bank Rates
Rewards Checking Account Interest Rate is at .20% with an APY of .20%. The minimum amount to open the account is $50.
Interest Checking Account Interest Rate is at .20% with an APY of .20%. The minimum amount to open the account is $50.
Now that May is over and we’re well into June, it’s a great time to reexamine current CD rates in Philadelphia and find out if any of the local financial institutions have adjusted their rates. We’ve compiled information regarding today’s CD rates in Philadelphia for a 12-month (1 year) term, so check them out and see whether you’re still earning a competitive rate or if it’s time to change accounts.
