CD Rate Averages Continue to Slide Despite Economic Developments
The past few days have brought on a smattering of welcome news, not only for the US economy, but also for consumers and businesses which need good news the most.
Umbrella Bank’s 12 Month CD Does it Again with 2.20% APY
Umbrella Direct keeps pushing the upper limit with its 12 month CD rate. On October 29th the Bank raised their 12 month CD by 0.04% putting it in the number one spot in our rate tables with a 2.10% APY.
Umbrella Bank Posts Highest 12-month CD Rate
Yesterday, October 29th, Umbrella Bank increased their 12 month CD by 0.04% putting it in the number one spot in our rate tables with a 2.10% APY.
A Roundup of the Best Rates for the Week
Despite the big banks' surprisingly solid first quarter performances that were reported over the past week or two, many banks are still struggling to overcome the effects of the economic downturn. In fact, just last Friday April 17th 2009, two more banks went into the receivership of the FDIC. This brings the number of failed banks for the year to a total of 25 – the total number for last year (2008). While the public's growing optimism and hopes of the economy bottoming are all good news, so far it hasn't quite translated yet to an ease in the bank failures that continue to threaten the smaller banks.
A Roundup of the Top Bank Rates for the Week: Plus Other Banking Services Worth Checking Out
With investment rates seemingly headed for rock-bottom, it's always good to know that there are still banks out there that offer rates much higher than the going national average.
Here's the latest recap of the best account alternatives this week based primarily on interest rates and minimum balances that should be deposited or maintained.
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
Citibank Credit Card Interest Skyrockets In Anticipation of Federal Regulation
Commerce Bank of Southwest Florida Fails, Becomes 123 Bank to Close in 2009
ING Direct Black Friday Special: Save ‘Til You Drop
Savers Left With Fewer Options as Hudson City Savings Lowers Top CD Rates
Wells Fargo Settles $1.4 Billion Lawsuit Regarding Auction-Rate Securities
‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
