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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.

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.

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.

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.

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.

A survey commissioned by ING Direct has some interesting findings on American attitudes towards savings and debt.

This offer is available at the branch only and limited to $100,000.

Savings and CD rates continue their slow glide to oblivion while 30-year mortgage rates climbed above 5% for the first time since October.

Every now and then the mainstream media will do an article on the hatchet job that the Fed has done on the savers of this country. Today they printed one such article.