Articles by tag - deposit rates

5-Year CD Average Drops Below 3% - Savings and CD Rate Update
I took a bit of a summer break on charting the decline in savings and cd rates, hoping that when I returned, the trends would different. I knew it was false hope, and so it was. Savings and CD rates continued their decline, with the average savings rate dropping below 1.3% APY and the 5-year average CD rate breaking below 3% APY. Here's the run-down.
Posted on July 16, 2010 by
FDIC Limits Rates on Banks Without Adequate Capital
The FDIC today passed a final ruling today that amends the rate that undercapitalized institutions can offer. The ruling will probably allow undercapitalized banks to offer higher rates.
Posted on May 29, 2009 by
Dave Kytes of Novantas Says Rates for Banks that Failed Stress Test to Go Higher
Dave Kytes, the managing director at Novantas, a consulting company that serves the banking industry, believes that banks that require more capital will raise their deposit rates.
Posted on May 11, 2009 by
Citi Beats Expectations on Backs of Depositors
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.
Posted on July 18, 2008 by
Bank of New York Mellon Charging to Hold Customer Cash
The Bank of New York Mellon plans to begin charging a fee for its big custodial customers to park cash at the bank, according to the Wall Street Journal.
Posted on August 04, 2011 by
Fed Statement Means Bank Rates to Stay Low Through 2013
Those of you holding your breathe, waiting for savings account rates and CD rates to rise, will have to hold for quite a bit longer. Today, the Fed announced that it was going to hold its benchmark interest rate at a record low (0 - .25%) at least through 2013. The Fed announced this in the midst of a ratings downgrade of U.S. debt, a slowing U.S economy, and persistent sovereign debt issues in Europe.
Posted on August 09, 2011 by

Financial Video

Hard Ways to Earn Money: Babysitting Nightmare - Find out the easier way to save and earn more.
Posted on February 17,2012
Municipal Bond Market Review - Feb 2010 (Part I)
Posted on December 16,2010

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