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A Recession-Proof CD From Discover Bank
If you're worried about hanging on to your job in the next few months and this worry has stopped you from putting your saved money into a CD, Discover Bank just might have the solution for you.
The CD Ladder Explained: Maximizing Yields and Balancing Risks
With CD rates at rock-bottom low these days, laddering your CD portfolio is a good way of taking advantage of the highest CD rates at present while ensuring that you still have easy access to part of your funds should CD rates climb back up in the near future.
CD Average Rates Linger At Low Levels June 30, 2009
Amid hopes that interest rates may have finally reached a bottom, CD rates persisted in remaining at low levels the past week. Of course, the Treasury yields haven't given the banks much reason to up their rates and buck the downward trend. Even online and regional banks are not inclined to bring their rates much higher than the national CD rate averages.
Top CD Rates For The Week June 29, 2009
For the most part, bank CD rates went down last week, although some banks did up their rates by a few percentage points. On the whole however, CD rates have continued their steady decline as has been the trend for the past weeks.
Financial crisis – visualized
As our economy begins to feel safe once again, it is important to take this time to understand what happened in the first place. This short and simple story created by Jonathan Jarvis takes a complex situation like the credit crisis and break its down through a strong narrative and excellent visualization to explain the situation for those who may not quite understand what actually occurred.
Which Online Bank Is Right For You?
With so many new banks popping up in the last few months, the question remains—which bank account should you open? The following chart is a compilation of everything you need to know to make your next banking decision.
Fall Out between the Government and the Nation’s Biggest Banks
The nation’s biggest banking institutions might have been rescued by the turmoil of their own making, but they aren’t thanking the government for it. While Tim Geithner and Hank Paulson, who at the time were New York Federal Reserve president and Treasury secretary respectively, were trying to iron out the details of the $700 billion rescue plan, CEOs of the banking companies were kept in the dark about their plans.
Having Trouble Paying Down Your Credit Card? Make Your Bank An Offer It Can’t Refuse
Attention all delinquent credit card holders! Now's the best time to settle your bill. If the financial industry and the auto industry had their respective bailouts late last year, this could be the time for ordinary consumers to be given some leeway in their debts, particularly credit card bills.
American Express Debuts It’s Online Personal Savings & CDs Accounts
On June 1st American Express launched their first range of deposit holding products that don't involve signing up for a credit card. Coming out of the gate with a High-Yield Savings account and an assortment of CDs ranging in terms from 3 to 60 months, American Express is seeing to it that their rates were competitive. With a 2.00% APY for their savings, they are neck and neck with other competitive banks such as Ally at 2.05% APY.
Bank of America’s Acquisition of Merrill Lynch: A “Shotgun Merger”?
Bank of America's Ken Lewis is under fire again. Shortly after being stripped of his position as Chairman of the Board earlier this year, he faces yet another controversial issue that could further undermine shareholder confidence in him.
