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Selected category: CDs

First Choice Bank of NJ Offering Five Year CD at 2.5% APY Image Stuart Miles at FreeDigitalPhotos.net

First Choice Bank of NJ Offering Five Year CD at 2.5% APY

First Choice Bank of NJ is offering a 5-year CD that pays 2.5% APY if it is opened with a Platinum Checking account.

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Avoid Fraudulent Websites Purporting to Offer Better Rates through Brokered CDs Image Stuart Miles at FreeDigitalPhotos.net

Avoid Fraudulent Websites Purporting to Offer Better Rates through Brokered CDs

Brokered CDs pay well below the best online CD rates and have ever since the advent of online banking. Do not be fooled. Any website or individual claiming that they can get you a better rate than the best available rate online is more likely than not an out-and-out fraud.

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Bank Saver Update - Savers Earning More So Far in 2014

Bank deposit rates have continued to move higher in 2014. View the top rates on savings and CDs and what we expect to happen during the rest of the year.

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Goldman Sachs Bank USA Launches Callable Step-Up CD

Goldman Sachs and other investment banks are currently syndicating an FDIC-insured CD offering from Goldman Sachs Bank USA. The product is interesting, but involves significant risks, including the risks of low long term rates and a 15 year maturity. Therefore, depositors should chose shorter term Bump-Up CDs from Ally or CIT over this product.

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Credit Union West Offering 3.15% APY CD IRA Rate in Arizona

Credit Union West in Arizona is offering some very attractive rates on CDs and rewards checking accounts for those living in Maricopa or Yavapai counties.

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Even as a CD Alternative, the Latest Barclays Note Offering Is One to Avoid Image www.membersuite.com

Even as a CD Alternative, the Latest Barclays Note Offering Is One to Avoid

I have recommended debt-side Structured Notes as instruments to add to a balanced portfolio, but Barclays Capital's latest offering is one that I particularly dislike.

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2014 Savings Rate Outlook Image jscreationzs at FreeDigitalPhotos.net

2014 Savings Rate Outlook

Sol Nasisi, the President and Chief Rate Analyst at BestCashCow, provides his insight on what to expect savings rates to do in 2014. Helpful reading for anyone trying to decide where to put their cash in 2014.

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Bank Saver Update - Top CD at 3.04% APY, Averages Dip

We're closing in on the end of 2013 and while rates have ticked up a bit, the operative word is still "low yield" for savers. Next week I'll post my thoughts on 2014, and while I do think rates will move up a bit more, ... Read →

7 Financial Things To Do Before the End of the Year Image Stuart Miles at FreeDigitalPhotos.net

7 Financial Things To Do Before the End of the Year

The end of the year presents a good time for savers and investors to take stock of their financial position not only because it is a reflective period but because there are some very real financial deadlines associated with December 31. Missing them or not being aware of them could cost you a bundle. Here are a few things that every saver should do in the next couple of weeks, if you haven't done them already.

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PenFed Offers Five Year CD at 3.04% APY Image fotographic1980 at FreeDigitalPhotos.net

PenFed Offers Five Year CD at 3.04% APY

Pentagon Federal Credit Union (PenFed) upped the rate on its 5 and 7 year money market certificates (CDs) to 3.04% APY, the first return to 3% in a long while for the 5 year term.

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The rally that we saw in CD rates over the past four months appears to have pretty much exhausted itself. Short term and long term CD rates have remained flat over the past month. Online savings account averages have bumped up a bit... Read →

Are Bump-up CDs Worth Considering? Image pakorn at FreeDigitalPhotos.net

Are Bump-up CDs Worth Considering?

Are bump-up CDs a worthwhile addition to a savings portfolio? Should you consider opening one? What exactly is a bump-up CD?

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The Impact of the Government Shutdown on Bank Rates Image Stuart Miles at FreeDigitalPhotos.net

The Impact of the Government Shutdown on Bank Rates

How the government shutdown will impact savings and borrowing rates.

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Bank Saver Update - CD Rates Up Again; New Top Online Savings Rate Image www.gobankingrates.com

Bank Saver Update - CD Rates Up Again; New Top Online Savings Rate

CD averages edged up again over the last month, the third month-in-a-row. Online savings account averages dropped slightly and a new bank took the top online spot. Should you open a CD or a savings account?

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Bank Saver Update: Deposit Rates on the Rise? Image aopsan at FreeDigitalPhotos.net

Bank Saver Update: Deposit Rates on the Rise?

Last month, we reported on the first increase in 3 and 5 year CD rates that we had seen in over two years. We wondered if the trend would continue despite the Fed trying to talk rates down. The good news is that...

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