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The US Savings Rate increased to 5.7% of disposable income in April 2009 and economists expect it to go to a post WWII high. That means less demand for goods and services, less growth, and lower stock prices.

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

A quick glance at the CD rates offered by the big banks - Chase, Wells Fargo, and Bank of America, shows that the banks offer some terms that are competitive while others are not worth it.

At a time when credit card companies are jacking rates and rolling back benefits, Chase has decided to launch a new credit card rewards program dubbed Ultimate Rewards. Is it any good?

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

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

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.

Tiananmen Square was a big event, but it didn't change the world.

Today was a very exciting day across all markets globally as the 200 day moving average was breached to the upside.

Cash has quickly converted from the best asset class to the worst in 10 short weeks. Is it trash?

GM's bankruptcy is being met with a huge cheer. Doesn't make too much sense.

Last week, the American Bankers Association sent a letter to Sheila Bair, the Chairwoman of the FDIC complaining about the high rates offered by Ally Bank (formerly GMAC). Today, Ally Bank sent its rebuttal.

The American Banker's Association sent a ltter to the FDIC's Sheila Bair on May 27th, requesting the agency take action to force Ally Bank to lower its rates. They claim Ally Bank is acting irresponsibly by offering above market rates. I don't see the ABA sending letters to agencies when banks raise the rates on their credit cards to usurious levels.