Articles

Selected category: Banks

Sovereign Bank is offering a rich deal to those who are interested in opening their Premier Checking and Money Market Savings Accounts. They'll give you $150 and guarantee 1.5% APY for three months.

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Hyde Park Bank, a local bank in and around Boston is offering a 16-Month CD that pays 2.00% APY an a 30-Month CD that pays 2.40% APY. The CDs are insured by the FDIC as well as the DIF, coverage unique to Massachusetts.

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Promotional savings rates - especially those where the bank commits to locking a certain rate for a certain period - are a win-win.

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Bank of America has a nice program called Museums On Us. It provides BofA debit card holders free entry to participating museums the first full weekend of every month.

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It's a screaming headline and it's true. After bringing this country to its knees, many key US banks are now going to have to deal with Uncle Sam for the foreseeable future. That should be fun.

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EverBank is again offering what it calls a 5 Year Marketsafe Treasury CD. This product should be avoided at all costs.

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The FDIC is recommending a one time emergency assessment on member banks to help replenish the rapidly depleting FDIC insurance fund. Bloomberg reports that: "FDIC staff members at a board meeting today in Washington will... Read →
Indymac, one of the first banks to feel the impact of the credit crisis was purchased today by a consortium led by Dune Capital member Steve Munchin and hedge fund members John Paulson and Christopher Flowers. They agreed to inject $1.3... Read →

CNB Bank Direct today raised the rates on its 12,18, and 24 month certificates of deposit. It's a welcome change from the constant rate decreases we've seen over the past year. To take advantage of these rates, you must first have a CNB high yield savings account.

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Municipal Bonds And The Alternative Minimum Tax Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Municipal Bonds And The Alternative Minimum Tax

Municipal Bonds are known to be tax advanaged vehicles for investing money, but that tax advantage sometimes does not extend to individuals subject to the Alternative Minimum Tax (AMT).

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An article in CNN Money piqued my interest. It states that many banks are worried about a future of rising rates on deposits.

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Jamie Dimon Says that Bitcoin is Fraud About to Blow Up

Jamie Dimon, the Chase CEO and Tufts alumnus, blasted bitcoin today saying it is a fraud that will eventually blow up. Bitcoin has enjoyed a tremendous run and may or may not be due for a significant pullback. It, however, is not... Read →

We've now had five bank failures in 2008 and I wanted to see how we are doing compared to the real estate downturn in the 1980s and savings and loan crisis it precipitated. The results are interesting.

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Earn up to $400 in Citibank's LA account deal, or $50 to $100 for opening a checking account anywhere in the country.

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iGOBanking is now offering some pretty decent gifts along with their competetitive CD rates to open a CD. They have just launched a new website called giftsforbanking.com that showcases the gifts they provide. The type of gift you'll receive depends on the amount of money you deposit into the cd as well as its term.

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