Video: Compare Bank Interest Rates

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In order to compare bank interest rates, someone can simply look in the local newspaper for a weekly graph placed in the business section. Look on bankrate.com to find posted offers on fixed mortgages with help from a financial specialist in this free video on interest rates and loans.

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Video Transcript

Hi, this is Matt McKillen with Innovative Financial Group. The question posed to me today is how do you compare bank interest rates? Well basically if it's an unsecured loan or a mortgage loan, a lot of the banks will or the community newspapers will put a graph in once a week usually in the business section of the newspaper and on the mortgage side of things they'll basically all offer what their current weekly rate is on a 30 year fixed for example. So that's a great way to absolutely see them all comparing each other and side by side to try and determine who's got the best deal on a 30 year fixed. Another place to look is on bankrate.com for example, it is a website that's national, it also does post different lenders offers on either a 30 year fixed mortgage or 15 year fixed rate mortgage. That's also a good viable tool where you can basically see the banks laying their interest rates out side by side and trying to make a determination on where the best rate is. There are websites available also online where Lending Tree is an example where you can submit a loan request and then the different banks vie for your business, that's also another way where you can get multiple offers. So these are just different avenues and tools you can use to compare different bank interest rates. My name is Matt McKillen, I'm with Innovative Financial Group.

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Compare Bank Interest Rates

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