When People Start Running on the Bank, Virtually Every Bank is an Inch from Zero
Submitted by JRodgers (bestcashcow.com)
Even the banks that saw this coming months ago couldn't prepare for this.
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Even the banks that saw this coming months ago couldn't prepare for this.
The Federal Reserve, Office of Thrift Supervision and FDIC have all increased the number of struggling banks they have effectively put on probation, forcing them to fix their problems and try to...
Another economist, this time Kenneth Rogoff from Harvard, piles on to say that the economy is headed downward. Economists are a lagging indicator. When everyone sells sell, it's time to think...
We've now had five bank failures in 2008 and I wanted to see how we are doing compared to the real estate downturn in the 1980s and savings and loan crisis it precipitated. The results are...
Generous interest rates on deposits have been promoted by the very institutions that lately are cited in the news for financial troubles. The article doesn't mention any banks, but Indymac is...
Regulators are increasingly worried about a lending practice that allows real-estate developers to delay paying construction-loan interest but can mask problems at the banks that made the loans.
A depositor describes his experience at ANB Financial Bank after it was closed by the Fed on Friday. There are some good lessons learned for those who deposit over $100,000 into a bank account. You...
Federal regulators closed ANB Financial Friday, marking the third bank to fail this year amid what regulators have warned might be a tumultuous time.
Per the Marketwatch site: "The Federal Deposit Insurance Corp. is planning to beef up its division of resolutions and receiverships, which handles failed banks, by 40% this year. The division...
The government is expecting a lot of banks to fail over the next two years. Here are some ways to protect yourself and your earnings.
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BestCashCow provides information on the best CD (certificates of deposit) rates, the best money market rates, the best savings rates, and more - as well as financial information that can help you make better decisions with your money.
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Type
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APY/Rate
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Institution
|
|
4.00%
|
WaMu / Amtrust Direct / CNB Bank
|
|
|
5.23%
|
Calvert
|
|
|
4.02%
|
EverBank
|
|
|
5.00%
|
Dime Direct
|
|
|
5.00%
|
WaMu
|
|
|
4.50%
|
Advanta Bank / Geauga Bank
|
|
|
4.51%
|
E-Loan
|
|
|
4.78%
|
Geauga Bank
|
|
|
5.25%
|
Advanta Bank / E-Loan
|
|
|
4.84%
|
US Treasury
|
|
|
3.50%
|
Federal Home Loan Bank (state and local tax exempt)
|
|
|
3.75%
|
Northrop Grumman FCU
|
|
|
4.32%
|
Melrose CU
|
|
|
4.47%
|
Melrose CU
|
|
|
5.00%
|
Pentagon FCU
|
|
|
0.90%
|
Various brokerages
|
|
|
1.60%
|
Various brokerages
|
|
|
1.96%
|
Various brokerages
|
|
|
2.97%
|
Various brokerages
|
|
|
3.82%
|
Various brokerages
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