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Selected category: Savings
Savings rates dipped very slightly this past week with the average dropping from 1.41% APY to 1.40% APY. Despite this drop, the top savings rate remained at 2% (ReadySaver.com from Southern Community Bank). Everbank also continued to offer their promo rate of 2.25% APY for the first three months on new money. After three months, the rate drops to 1.26% APY for a 1-year blended APY of 1.51%.
Read →Savings rates dipped slightly this week with the average dropping from 1.45% APY to 1.41% APY. Despite that, the top savings rate remained at 2% (ReadySaver.com from Southern Community Bank).
Read →The best savings account rates remain near the 2% range this week. Everbank tops the list with their guaranteed 2.25% 3-month promo rate for new money. Southern Community Bank has the highest non-promo rate with their Ready Saver Account.
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Is your Banker/Financial Planner Loyal?
Following a mass migration of brokers from Merrill Lynch after the buyout by Bank of America, some high-ranking executives and brokers are returning. Is this an exhibition of disloyalty and conflicts of interest between brokers and you, the client?
Read →Average savings rates moved up slightly in the past week as several banks joined the BestCashCow rate tables with competitive rates. This included a non-promo savings rate at 2% APY. CD Rates held steady with the highest rating being a 5-year CD paying 3.55% APY. All rates are as of 2/22/2010.
Read →Savings rates and CD rates were little changed from a week ago, with rates moving 1 or 2 basis points for the various products. The top rates for various cd terms and savings accounts were unchanged from a week ago. The spread between short term and longer term deposit accounts remained elevated.
Read →Irwin Kellner, the Chief Economist or Marketwatch came out with an article today parroting what we've been saying for the last year: the Fed is punishing savers to the benefit of borrowers. The mainstream press has sporadically written articles about this but it's good to see it continuing to get attention.
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Opening A Savings Account to Use As An Emergency Fund
An emergency fund is a great way to help yourself stay out of debt. But what can you do in this economy to save money for your emergency fund?
Read →Etrade sent an email today that notified its Complete Savings customers that their accounts were going to be converted to Discover Online savings accounts in March.
Read →Private investors and individuals who manage their own money have many structural advantages over large fund managers. Here's what they are and how you can profit.
Read →Most savings and CD rates hit record lows last week. Average savings rates reached a new record low of 1.47% APY last week, down 4 basis point from 1.51% APY the previous week. Average one-year cd rates showed the largest drop, falling 10 basis points to 1.85% APY. Average three-year cd rates dropped four basis points to 2.63% APY. The only glimmer of good news were five-year CD rates which increased from 3.18% APY to 3.20% APY.
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