Articles by tag - interest rates

Ally is offering a 0.50% APY on balances $14,999 and under and a 1.05% APY for balances $15,000 and over. However, you should closely look at your spending habits and deposit amounts before committing to any bank offer.
Posted on January 01, 2011 by
Being an avid saver has its advantages and disadvantages. One of the advantages is that I have money for a rainy day. One large disadvantage is that I am able to notice the recent decline in interest rates. Everyone is excited that mortgage rates are fantastically low, but what is often overlooked is the fact that the decrease in bank revenue is passed to the consumers.
Posted on December 17, 2010 by
Lower mortgage rates make homes more affordable and keep housing prices from dropping further.
Posted on December 17, 2010 by
When you apply for a mortgage, should you apply at a small bank or one of the big names? According to a new report released by the Fed, big banks are the better bet.
Posted on November 09, 2010 by
The WTDirect savings account is geared towards the investor who has $10,000 or more to invest. In exchange, the bank offers higher interest rates and exceptional customer service.
Posted on October 24, 2010 by
Nearly a year ago I talked about the continued devaluation of the dollar since going off the gold standard in 1971. The truth is that politicians around the world will continue to tax citizens through inflation unless they are forced to tie fiat currencies to some sort of hard commodity. One way to see this is to look at the purchasing power of the dollar in 1967 versus the purchasing power of the dollar in 2010. The fact is that if you held had a $1 bill in 1967 and you held it until today, you could now buy $.15 of goods. The dollar has lost 85% of its value and it has served as a 4% annual tax on the US citizen. If you earned $100,000 in 1967 and never got a raise you effectively earn $15,000 today, assuming you are still working.
Posted on September 30, 2010 by
Fort Knox Credit Union has some of the best CD rates available in the nation, and membership is extremely easy, fast, and free.
Posted on September 05, 2010 by
In a time of fluctuating interest rates, this EverBank account pledges that it will always remain in the top 5% of all competitive accounts.
Posted on September 02, 2010 by
In a time where many people are trying to save pennies by switching to generic toothpaste, people with excellent credit can save hundreds in interest with the no-fee Capital One Platinum Prestige Credit Card.
Posted on August 13, 2010 by
Community banks have often offered more competitive interest rates than big national banks. Now residents of Boston, North Carolina, and South Dakota can get a checking account that pays over 4% APY.
Posted on August 11, 2010 by
Incredible Bank opened its online doors with a 2.02% APY on its free checking account, and equally incredible rates on a 1-year CD. That CD is no longer offered, but the bank still offers impressive but not incredible rates on its free checking account.
Posted on August 05, 2010 by
The Pentagon Federal Credit Union is offering a 2.99% APR on 12 to 60 months new auto loans, used auto loans, and refinance auto loans. The PenFed Credit Union primarily serves members of the military and employees of U.S. Department of Defense but you can also join if you work—or volunteer—for The Red Cross.
Posted on August 05, 2010 by
While banking giants such as Bank of America are announcing further interest rate cuts on long-term CDs, it’s not too late to lock in that higher rate now. CD laddering will help give you liquidity while protecting you from having all your funds stuck in a 5-year CD with a low interest rate.
Posted on August 01, 2010 by
With government budget deficits and unstable financial conditions, is it still safe to invest in municipal bonds?
Posted on July 27, 2010 by
It seems that the market is in a precarious position. After a few months of very weak trading, we have experienced a fairly significant 10% bounce off of the lows and now the S&P 500 sits within a few points of June highs. The positive price action stems from decent corporate earnings results and outlooks, short covering, a bounce in the Euro, and the release of European bank stress tests (for whatever they are worth).
Posted on July 27, 2010 by

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