Mortgage rates hit new lows this week according to the Freddie Mac Weekly Mortgage survey and President Obama proposes a new initiative to expand refinancing for those with underwater mortgages.
Posted on February 02,2012 by
Sol Nasisi
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The FBI recently issued a warning about a new attempt by hackers to gain access to your bank information. Called Gameover, the phishing scheme involves spam emails - purpotedly from the National Automated Clearing House, the Federal Reserve, or the FDIC.
Posted on February 02,2012 by
Sol Nasisi
Wymar Federal Credit Union is offering its members a 24-month CD that pays 2.27% APY.
Posted on January 30,2012 by
Sol Nasisi
Low interest rates on bank products make it tempting to move money out. Here's why that might not be a good idea.
Posted on January 27,2012 by
Sol Nasisi
The Federal Reserve today released its Federal Open Market Committee statement today and the big takeaway for savers is to expect low rates through 2014. There are steps you can take to maximize your savings and make the best of a bad savings situation.
Posted on January 25,2012 by
Sol Nasisi
Frederica Credit Union is offering its members a 12-month CD that pays 1.65% APY. That is one of the very best rates in the country on a 1 year CD.
Posted on January 23,2012 by
Sol Nasisi
Microsoft is a dividend stock that BestCashCow tracks as part of its Top 15 Dow Dividend Stocks. Its current yield of 2.70% is equivalent to the rate of the best 5-year CD rates. It currently pays a dividend of $.20 per quarter, up from $0.16 in August 2011. The question I ask myself is, can Microsoft maintain or increase the dividend and do I expect the stock to drop precipitously over the next 1-2 years? Yesterday's earnings release as well Microsoft's recent product launches gives me comfort on both counts.
Posted on January 20,2012 by
Sol Nasisi
Western Heritage Bank in New Mexico is offering a 24-month CD that pays 1.75% APY with a small $1,000 minimum balance.
Posted on January 17,2012 by
Sol Nasisi
Navy Federal Credit Union is offering a 3.00% APY 20-Month IRA CD. The retirement CD has a low minimum deposit requirement of $50.
Posted on January 09,2012 by
Sol Nasisi
We're going to start the 2012 weekly rate deals with a rewards checking account from Consumers Credit Union that pays 4.09% APY. Unlike many credit unions, anyone can easily join Consumers Credit Union, and because the bank has online banking and an online application, the account is available nationally.
Posted on January 05,2012 by
Sol Nasisi
Aflac Federal Credit Union is offering a 2.41% APY savings account for its members, and that's no quack.
Posted on December 29,2011 by
Sol Nasisi
GE today announced that it was purchasing MetLife's U.S. deposit business - or in plain language, MetLife's online banking business.
Posted on December 27,2011 by
Sol Nasisi
There are over 7,000 community banks (assets below $10 billion) in the country and over 7,000 credit unions, yet over 400 community banks have closed in the past three years. Can community banks survive and thrive in the future?
Posted on December 23,2011 by
Sol Nasisi
In January 2009, we wrote about a settlement reached with Bank of America called Closson et.al., v. Bank of America. Nearly three years later I received my check and it was a nice surprise- $98.16.
Posted on December 22,2011 by
Sol Nasisi
BestCashCow released updated bank and credit union financial information with the latest data available from the FDIC and the NCUA. In general, banks are awash in cash, not lending, and slowly mending. See how this impacts you.
Posted on December 21,2011 by
Sol Nasisi
