The Itty Bitty NOVA VW Committee

[SlimKlim]

I haven't checked recently but wasn't PenFed 1.9% for USED cars and like .9% for new cars?  I had to float some cash for about six months during our renovations and did Penfed at 1.9% on my existing truck and paid off early with no fee. Only then did I realize Amex would have floated me for a year at 0%, womp womp.   Update: Just looked it up 2.2% on new cars.

Don't make this complicated: Pretty much every banking institution is free checking (and most have interest bearing checking now).  Go look around where you are mostly and what is close by for ATMs/Branch and choose that as your "checking" bank.  Then research best rates for Loans and choose that as your "loan institution".

Just for reference, I use a local bank for a "buffer" checking account (for paypal/ATM etc) and then I have a credit union account for my main checking since it is interest bearing.  My local bank is EVERYWHERE in NOVA but more specifically it is across the street from my house and just a block from my place of work within easily walking distance.  I am sure this is obvious, but you should never be paying fees to use your money, too many options that are easy.

Rates started inching back up maybe a year ago but they are still low in general, 2.9% for 60mo on a new car seems pretty common