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The cost of living in New York varies greatly across the state. Ironically, some of the more affordable parts of the state also offer some of the best CD rates. We scanned the BestCashCow database to come up with the best rates state-wide as well as those within the confines of New York City. Here's what we've found, focusing on 1 year rates:
Posted on October 11, 2011 by
It was not too long ago when strategic defaults were a viable financial solution for troubled mortgage borrowers. But with banks aggressively pursuing strategic defaulters now, you may want to think twice before going through with this decision.
Posted on October 10, 2011 by
Average one year CD rates have sunk below 1% APY. But if you put a little time and effort into researching rates, it's possible to find rates in California significantly above that level. Spending a few minutes of your time might put hundreds of dollars into your pocket - with no additional risk.
Posted on October 07, 2011 by
Congratulations to Farmers and Traders Bank of Bancroft, IA for having the highest 60-month CD rate according to the BestCashCow rate tables. The bank offers a 5-year CD that pays 3.00% APY with a minimum balance of $5,000. Just a few short months ago, there were many banks paying 3% or over, but the list has whittled down to Farmers and Traders and a handful of credit unions scattered across the country.
Posted on October 07, 2011 by
Believe it or not, mortgage rates have fallen below 4 percent. But is there anybody out there who can qualify?
Posted on October 07, 2011 by
On the surface, banks and credit unions look very similar. They both take customer deposits in the form of savings accounts, certificates of deposit, and checking accounts. They both also lend money in the form of mortgages, home equity loans, auto loans, and credit cards. They both have branches, electronic banking, and many of the services that facilitate the savings, transfer, and lending of money. But a deeper examination reveals profound differences that impact the rates that you receive as well as the customer service provided to you.
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More parents are helping their children these days by financing their mortgage. But is this a good idea?
Posted on October 06, 2011 by
The average thirty year fixed rate mortgage rate dropped below 4% for the first time on record according to Freddie Mac's Weekly Mortgage rate survey. Fifteen year rates and 5/1 ARMs also dropped to record lows as the chart below shows.
Posted on October 06, 2011 by
Massachusetts residents looking to take advantage of a competitive CD rate should look at Patriot Community Bank. It is currently offering some of the best CD rates in the state according to BestCashCow rate data. Its competitive rates include:
Posted on October 06, 2011 by
The mortgage industry can be very unpredictable at times, but it can also be predictable. Here are some predictions from mortgage analysts for the next few months.
Posted on October 05, 2011 by
The Emergency Homeowners' Loan Program provides $1 billion for unemployed homeowners. But is the program a success?
Posted on October 04, 2011 by
It is hard to weigh the pros and cons of choosing cash bonuses over merchandise or airline rewards for deposit accounts, especially since interest rates on the deposits themselves have been so low in this economy. Which is a better deal? That depends on one thing - you.
Posted on October 04, 2011 by
: It can be disheartening to see bank fees skyrocket; but if you have excellent credit, you do not have to give up your hard-earned cash in fees in order to spend your cash. The Capital One Cash Credit Card not only has no annual fee, it gives you 1% cash back plus extra cash bonuses.
Posted on October 02, 2011 by
If you use your Bank of America debit card to pay for things directly out of your checking account, you will soon be charged $5 a month ($60 a year) for the privilege. However, you don’t have to close your BofA account if you want to continue using a debit card without a fee. It just takes a little creativity.
Posted on October 01, 2011 by
The mortgage interest rate deduction is a financial benefit for millions of American homeowners. But could there be an end to that deduction soon?
Posted on September 29, 2011 by

Financial products of all nature bear inherent risks and this website is not a financial advisory service. BestCashCow.com provides information related to rates on US-based savings accounts, CD (certificates of deposit) rates, money market accounts, money market funds, government bonds, other bonds and income producing securities, commodities, equity securities, mortgage rates, home equity rates and auto loans rates, free of charge to internet users for their independent use. The accuracy of information on the website is not guaranteed, and no financial product of any sort is endorsed. On certain web pages, BestCashCow.com may contain discussion and analysis of the risks and rewards associated with certain financial instruments, including equity instruments, or may link to other pages with such discussions. The information should not be construed to provide investment advice. In fact, users are specifically warned against following any advice related to specific instruments, including advice that may be on other web pages linked from BestCashCow.com. Please seek personalized advice on the risks and applicability to your own circumstances of any financial product from a qualified professional. © BestCashCow.com, LLC, 2012.

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