6.00% Yields from Pentagon Federal Credit Union

Members of the armed forces and their families may be eligible for the 6.00% money market certificates available from Pentagon Federal Credit Union on their 3-year, 4-year, 5-year, and 7-year terms. The minimum deposit is $1,000 for the 6.00% offer which is effective until October 31, 2007. Employees of defense contractors may also be eligible [...]

Home Equity Loan Rates from Wachovia Bank

The Savings Investor has been tracking home equity loan rates closely following the decrease in short term interest rates by the Fed. And while national averages are down as expected, we are taking a look at how fixed-rate home equity loan rates have fared. We have used a sample borrower who has a $400,000 house [...]

Citibank Keeps their 5.00% Checking Account Offer Alive

Citibank is still promoting their 5.00% Direct Ultimate checking account

To qualify for the higher rate, you must complete at least two electronic bill payment transactions - through Citibank Online, Citi Mobile or Citiphone Banking® - from your linked eligible checking account† during each calendar month. If you don’t complete the online bill payments, you will [...]

KeyDirect’s 6.05% APY 10-year CD

KeyDirect has increased rates this week on their longer term deposits:
5-year - 5.14% Rate / 5.26% APY7-year - 5.51% Rate / 5.65% APY10-year - 5.89% Rate / 6.05% APYAccount can be opened online at keydirect.com. The above rates and yields are for deposits of $50,000 and more, tiered rates for deposits less than $50,000 [...]

Treasury Inflation Protected Securities (TIPS)

A lot of headlines after the Federal Reserve action last week have focused on the increased likelihood of inflation emerging in the economy now that the American consumer has been given a lift by the Fed. Investors looking to be protected against large scale inflation in their portfolios have the option of buying TIPS (Treasury [...]

Highest Yields on Bank Money Market Accounts

A majority of banks have revised their deposit rates downward after the Fed lowered short-term interest rates 50 points last week,. A number of banks are still offering very attractive rates on their liquid money market accounts, especially when considering the 90-day Treasury Bill is only yielding 3.64% today. The best rates on FDIC-insured money [...]

Bank Savings Accounts (Yields and Links to the best rates)

Bank Savings Account Yields as of September 21, 2007:
FNBO Direct6.00% APY$1 Minimum Deposit$1 Balance needed to earn APYCountrywide Bank5.50% APY$10,000 Minimum Deposit$10,000 Balance needed to earn APY
Umbrella Bank5.35% APY$100 Minimum Deposit$100 Balance needed to earn APY
Gloucester County FSB5.24% APY$100 Minimum Deposit$100 Balance needed to earn APYAmTrust Direct5.21% APY$1 Minimum Deposit$1 Balance needed to earn APY
UFB [...]

IndyMac Bank still in the game at 5.70%

With online banks from the East Coast to the West Coast dropping deposit rates on savings accounts and CD accounts, Indymac Bank as of 11:19 AM CST September 20, 2007 is still offering a 5.70% APY on their 5-month and 6-month CD terms. IndyMac Bank has been the subject of a lot of media scrutiny [...]

Bank Accounts which Reward American Airlines Frequent Flier Miles

Guaranty Bank Airmiles Checking
Watch your American Airlines AAdvantage® mileage balance fly sky high with an AirMiles Checking™ account. Open a new AirMiles account and earn 2,000 AAdvantage® miles. Activate direct deposit and earn an additional 1,000 AAdvantage® miles. Plus you’ll earn AAdvantage® miles each month based on your average daily balance. You will earn interest, [...]

HSBC Bank’s Checking and Savings Offers

HSBC Bank, with U.S. operations based out of New York , New York, is offering a 5.05% savings account rate with no minimum balance and no minimum fees.

Accounts can be opened for as little as $1 online at HSBC Bank. For banking customers who do not plan to maintain a significant balance in their checking [...]

Say Goodbye to 5.00% Savings Account Yields?

The reality of lower short-term rates has set in and the next step is to watch the leading online banks to see how quickly and by how much they adjust their deposit rates. The 5.00% and higher APY yields which have been prevalent over the last year are nearly certain to drop to rates in [...]

Interest Rates and What to Expect

FEDERAL RESERVE CUTS RATES 50 BASIS POINTS

Today’s cut by the Federal Reserve of the Federal Funds rate and Discount Rate will have a ripple effect on consumer interest rates.

Banks have lowered their prime lending rate to 7.75% from 8.25% which will lower interest costs on a wide variety of variable rates loans, home [...]

Money Fund Yields Increase

Investors who use mutual fund money markets (money funds) as part of their investing strategy will note a larger yield spread between Treasury-only money funds and money funds with a wider diversity of holdings. Funds like DWS Money Market Series Prime Reserve - Class S (5.27%, minimum $1,000), Fidelity Money Market Fund (5.27%, minimum $25,000), [...]

Bank of America’s 5.70% Money Market Savings Account

Bank of America is offering a money market savings account with a 5.55% rate and 5.70% APY through their Defenders of Wildlife charitable contribution program which in itself is a program that they inherited from their acquisition of MBNA Bank. This promotion is nearly hidden on their site, but visitors to The Savings Investor have [...]

Greenspan, Bernanke, and this week’s Fed meeting

Former Fed chairman, Alan Greenspan, currently on a speaking tour to promote his new book said that over the long run, the biggest problem facing the U.S. economy is “the re-emergence of inflation,” and rising interest rates. The emergence of Greenspan two days before the meeting of the FOMC gives more credence to the growing [...]

State Bank of India’s CD Rates

State Bank of India has popped back onto the radar with an increase in CD rates for all terms from 1 month to 5 years or longer. The Indian bank, which has a FDIC-insured U.S.-based division, has U.S. operations in New York, Chicago, Los Angeles, and Washington DC. FDIC-insurance is applicable to accounts set-up online [...]

Online Bank Deals - Cash, cash, and more cash

Online Bank Deals - rewards, miles, and cash bonuses
Today’s deals include:
US Bank’s Cash Bonus Visa® Check Card allows customers to earn as much as 25% cash back by shopping with any of their select partners. List of partners and their cash back percentages are listed here.
Metropolitan National Bank is offering a $200 bonus to new [...]

Short-Term Bond Fund Yields

The safest class of bond funds is the category classified as short-term government bond funds. These funds hold a high percentage of U.S.-government securities like Treasuries and agency paper and/or AAA-rated bonds or commercial paper. The prices of these funds are typically less volatile due to the shorter average duration of the holdings in [...]

Invest for Your Animals (No Joke!)

Umbrella Bank is the internet banking division of New South Federal Savings Bank and is offering an account called the PetTrustPlus Account which allows savings to be set aside for the care of your pet in the event of your death or incapacitation. The account earns a 2.50% APY and comes with the following features:
FREE [...]

10.00% APY from Bridgeview Bank on 90-day CD

Bridgeview Bank (FDIC#2122) in Illinois is offering a 10.00% APY on a 90-day CD for customers who open a new checking account with direct deposit and/or auto-debit. The 10.00% APY only applies for balances between $2,500 and $25,000.

Apply online here.