Credit Union Deals for Military Families

Military families receive some benefits from the government, although many would argue not nearly enough for their service to their country. A number of credit unions have been formed to benefit military personnel (active and retired) as well as people who work in the defense industry. If you have a member of your family that [...]

The New York Bank with the Best CD Rates

M&T Bank, N.A. is a federally chartered bank headquartered in Oakfield, New York. The bank operates as an online bank although accounts can be opened over the telephone and by mail. The bank is mid-sized with $266 million in total deposits reported at the end of the first quarter of 2008, but has received a [...]

Savings for College: Investment Options, Student Loan Programs, and Savings Programs Designed to Pay for Children’s College Education Costs

Money-Rates.com has updated their College Savings page with two new sites which offer parents new ways to pay for college for their children. The two sites Simpletuition.com and Greennote.com are described below with the rest of college saving alternatives.529 Plans - A 529 plan, named after Section 529 of the Internal Revenue Code, is a [...]

ING Direct’s Business Savings Accounts

Very few online banks are offering competitive depost rates for business accounts, but ING Direct is making good rates available for sole proprietorships, partnerships, limited liability companies, corporations, and not-for-profits. Today’s business rates include:
Business Savings Account 3.15% APY for a $1 minimum with no fees, no service charges, and multiple authorized account log-ins allowed.
Business CD [...]

Rate Update: Mortgages, Home Equity Loans, Money Markets, Checking, Savings, CDs, and Reward Checking

Mortgage Rates
A bad week for the homebuyers looking to lock-in 15-year and 30-year rates as economic reports drove up rates on fixed-rate mortgages. Freddie Mac reported that the nation’s average 30-year fixed-rate mortgage increased all the way to 6.42%. Analysts are forecasting higher rates continuing at least through the summer. The best news for the [...]

New Online Bank Deals: iPods, Airlines Miles, Cash and more

Banks are in a giving mood. Listed below are some of the latest deals from online banks:
BankDirect is offering BankDirect Mileage Checking, BankDirect Mileage Money Market Accounts, and Mileage CDs which reward customers who bank with BankDirect with potentially thousands of frequent flier miles through American Airlines’ AAdvantage program.
Compass Bank is giving away a free [...]

Free Airlines Miles from Online Bank

The BankDirect AAdvantage Program rewards American Airlines miles to customers who bank with BankDirect. With airfares expected to increase even higher in 2008 the offer for free airline miles is looking more tempting than ever. Customer can earn miles by opening checking and money market accounts (1,000 miles), referring friends to the program (10,000 miles), [...]

High Yielding Health Savings Account

A credit union in the Chicago-area is offering a Health Savings Account (HSA) with a 5.15% APY on average daily balances of $100 or more which depending upon a person’s tax bracket can be a tax equivalent yield of over 6.00%. Alliant Credit Union offers the high rate to members who work or live in [...]

Maximizing Rates and Yields on Savings

A growing number of financial experts and pundits have been on the airwaves advising people to keep their cash savings liquid in money funds, money markets, bond funds, savings, and checking accounts due to the forecast for higher interest rates in the future. The line of thought is that within the next year inflation concerns [...]

Rates on Money Market Funds, US Treasuries, Bank Money Market Accounts, and Bank CDs

US Treasuries, money funds, and bank deposit accounts posted their lowest rates in years earlier in 2008 after the Federal Reserve lowered interest rates aggressively. Of the three types of cash investments only money funds have not seen an increase in rates in the last month as the market has factored inflation expectations and the [...]

Online Bank Giving Away $45,000 in Cash and Prizes in Video Challenge

FNBO Direct is the online presence of First National Bank of Omaha an old established Nebraska bank who have been offering one of the top yielding savings accounts for close to a year. FNBO Direct has recently announced their Pay Yourself First Challenge in which they will be giving away $45,000 in cash and prizes [...]

New Bank Auction Site Launches

MoneyAisle is a new bank auction site which launched today. MoneyAisle allows consumers to place a deposit (either a savings account or a certificate of deposit) up for auction where the network of 70 MoneyAisle banks bid up the rate until one bank emerges as the winner. At that point the consumers can register with [...]

Economic Releases, the Fed, and Interest Rates

Last friday’s release of a large increase in the unemployment rate and a surge in oil prices spooked financial markets with a carry-over effect to Asian and European markets. With the Federal Reserve expected to keep interest rates steady through the June meeting, this week will see a sharp focus on economic releases to clarify [...]

Do You Need an Apple iPhone or iPod Touch for Mobile Banking?

Large banks like Bank of American and Wachovia Bank have been promoting the ability to access your accounts using the Apple iPhone or iPod Touch. While the banks may be jumping on the Apple bandwagon in anticipation of an announcement of a new Apple 3G iPhone, consumers should be that mobile banking can be conducted [...]

Find A Better Bank Tool now on Money-Rates.com

The new Find A Better Bank tool now featured on Money-Rates.com does much more than just find banks in your local area - it allows consumers to find the best bank for their particular needs. The tool allows users to rate how important the following banking features are to them:

Interest on balances
Overdraft Protection
Online [...]

New Reward Checking Account from Citibank

CitiBank has unveiled a reward checking account with an abundance of ways to earn points towards rewards.

To qualify for 16,000 ThankYou Points (redeemable for $150 in gift cards) customers need to open The Citibank Account, enroll in the ThankYou Network and meet the monthly checking account requirements. In addition to the immediate 16,000 ThankYou Points, [...]