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Selected category: Savings

The big news last week on the rate front was the general lack of inflation in the economy. The Labor Department's CPI numbers rose .4% in August versus July but from a year earlier decreased 1.5%. At this rate, the Fed is under no... Read →

Whether you have retired or just switching jobs, this article is for you. In this first part we will go over employee stock options and what to do with them. In the second installment we will go over your 401k, your IRA, and what to do about them. Happy investing

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Treasuries showed strength this week, with Treasury bond yields staying low despite continued supply via auctions. The Fed has signaled on many occasions that it expects rates to remain low for some time. This week it was the Fed Vice... Read →
Even as the economy continues to show signs of firming and the stock market continues its upward trend, the rate on savings accounts and many CDs continue their downward movement. It's clear that until the Fed raises the Fed Funds rate,... Read →

Savings and CD rates continued to drop over the summer even as the stock market went on one of its longest winning streaks in history, shooting above 9,000 and getting giddy analysts to call for it to rise above the 10,000 mark before long.

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I haven't seen this before. I suppose that it is a sign of the times.

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WTDirect is at it again, offering $150 to open a savings account. This is similar to a promotion they ran last year.

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iGOBanking has just launched a new money market savings account. I checked their website and it has the same rate as their traditional savings account.

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ING Direct of offering a $25 cash bonus when you open an Orange Savings Account.

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Last week, President Obama signed a law that includes provisions that extend the $250,000 FDIC & NCUA deposit insurance limit to December 31, 2013.

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Tennessee Commerce Bank is offering a competitive savings account paying 2.30% APY. It's also offering a some top cd rates.

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Everbank raised the promo rate on its yield pledge money market account from 2.55% to 3.01%. This reverses the trend of six months of rate cuts and may be another sign that we are reaching the bottom in savings and money market rates.

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GMAC today issued a statement commenting on the filing of its once parent corporation General Motors. The statement shows that while the financing company does have exposure to GM, bankruptcy will hopefully minimize the losses. Ally... Read →

I just got 2.5% on a money market from the Citibank branch on Boylston Street in Boston. I don't know if the rate is national but here are a few things I learned in the process.

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