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Related Tags: Banks, Citibank, Banking industry, Interest rates.
Citibank reported earnings today that beat pretty low expectations. The most interesting thing about the story from my perspective was that it did so by paying less for deposits.
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...
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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
|
Top APY/Rate
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Institution
|
|
4.00%
|
Dollar Savings Direct
|
|
|
2.64%
|
Vanguard
|
|
|
3.50%
|
Crestmark Bank
|
|
|
4.06%
|
State Bank of India, New York Branch
|
|
|
4.25%
|
GMAC Bank
|
|
|
4.40%
|
Umbrella Bank
|
|
|
4.50%
|
Umbrella Bank
|
|
|
4.57%
|
Discover Bank
|
|
|
5.15%
|
State Bank of India, New York Branch
|
|
|
5.64%
|
US Treasury
|
|
|
3.50%
|
Federal Home Loan Bank (state and local tax exempt)
|
|
|
3.77%
|
Northrop Grumman CU
|
|
|
4.22%
|
Melrose CU
|
|
|
4.37%
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Melrose CU
|
|
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5.00%
|
Pentagon FCU
|
|
|
0.03%
|
Various brokerages
|
|
|
0.51%
|
Various brokerages
|
|
|
.99%
|
Various brokerages
|
|
|
1.97%
|
Various brokerages
|
|
|
3.18%
|
Various brokerages
|
See more product and rate information
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