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Related Tags: Bank of america, Banks, Countrywide, Economy, Credit crisis, Subprime, Mortgage mess, Keycorp, Housing bubble, Reward checking, Deposit rates, Federal reserve, Foreclosures, Bank failures, Government bailouts, Credit crunch, Interest reserves, High yield checking, Interest rates, Mortgage meltdown, Checking accounts, Business, Housing slump, Debit cards.
The problem is not a lack of liquidity, it is not a lack of trust, it is not lack of consumer confidence, it is not subprime lending, and in fact the problem is not housing at all. The problem...
Many reward checking accounts continue to offer yields of 5% APY, and several still offer 6% APY. The best reward checking yield in the nation is 7.01% APY that has been offered by MidWest America...
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 creatively written fairy tale of the mortgage mess
Many say this is a horrible deal, but Bank of America seems intent to close this deal. Here's one quote from a Bank of America official that was mentioned in the article: “We understood that...
Mortgage bankers report hits grim a benchmark in first quarter, showing a record number of homes in jeopardy. This marks the sixth straight quarter in which a record percentage of loans went...
Nobody was expecting an easy year for U.S. banks, but many observers thought the bulk of the industry's credit troubles would come in the first quarter. Now, it seems the rest of the year may be...
US banks have been quietly borrowing massive amounts of money from the Federal Reserve in recent weeks by using a new measure the Fed introduced two months ago to help ease the credit crunch....
Bank of America said its net income plunged 95 percent to $268 million, or 5 cents a share, from $5.26 billion, or $1.16 a share, a year earlier. The results were much worse than analysts had...
Guess who's helping Bank of America pay for its $4.1 billion purchase of Countrywide Financial? Answer: The taxpayers of the United States. That's because Bank of America, which is solidly...
Scramble for Deposits Is Squeezing Profits The article describes how the narrowing of margins between banks' deposit and loan rates are hurting banks. It may be bad for bank profits, but it...
The CEO claims that there are no acquisitions planned and that Bank of America's focus will be to grow from within. One obstacle on growing its retail banking is the federal limit that caps any...
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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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Top APY/Rate
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Institution
|
|
4.00%
|
Amtrust Direct / CNB Bank / Dollar Savings Direct
|
|
|
5.11%
|
Calvert
|
|
|
3.95%
|
Crestmark Bank
|
|
|
4.50%
|
Dime Direct
|
|
|
4.65%
|
Corus Bank
|
|
|
4.50%
|
Advanta Bank
|
|
|
4.52%
|
Discover Bank
|
|
|
4.75%
|
Discover Bank
|
|
|
5.25%
|
Advanta Bank
|
|
|
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%
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Melrose CU
|
|
|
5.00%
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Pentagon FCU
|
|
|
0.90%
|
Various brokerages
|
|
|
1.60%
|
Various brokerages
|
|
|
1.96%
|
Various brokerages
|
|
|
2.97%
|
Various brokerages
|
|
|
3.82%
|
Various brokerages
|
See more product and rate information
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