20 Highest Rates on Bank Money Market Accounts

The Fed has slashed their benchmark lending rate to 1.00%, but competition between online banks has kept the best rates on money market accounts closer to 4.00%. The twenty banks listed below are all offering a money market rate over 3.45%, although restrictions and rules do apply to earn the highest APY.
20 Highest Rates on [...]

Mutual Fund Money Market Yields and Holdings

A mutual fund money market is supposed to be a simple investment with a stable $1 share price with seemingly little differentiation between various funds. September 2008 showed that line of thought was a fallacy as several funds with heavy exposure to Lehman Brothers paper suffered losses significant enought to push their net asset value [...]

More Special Offers from National City Bank

National City Bank has been a longtime leader in online bank deals and even after the purchase of National City Bank by Pittsburgh-based PNC Bank the deals continue. A $150 VISA Gift Card is available to new customers who open a checking account.
(1) Apply online, visit your local National City branch or call 1-800-622-4036 to [...]

Fed Chairman Bernanke on Money Market Mutual Funds

Federal Reserve Chairman Ben Bernanke addressed the mutual fund money market industry in comments made before Congress on November 18, 2008. The huge amount of money withdrawn out of money funds since September has been an ongoing aggravation in the credit crisis. Bernanke and the Fed have already addressed investor fears regarding money funds with [...]

National City Bank’s Online Bill Payment Sweepstakes

PNC Bank tapped into available government-bailout dollars to purchase National City Bank in a multi-billion dollar deal a few weeks ago. While the deal passes through the requisite regulatory hurdles, National City Bank continues to offer online bank deals including the promotional giveaway of a Chevrolet Malibu Hybrid in an online banking sweepstakes that is [...]

Online Checking Account with a 3.80% APY

iGObanking, a division of Flushing Savings Bank, is offering an online checking account with a 3.80% yield on all balances over $1. Not only is this one of the highest rates in the country on a checking account, but the account comes with no monthly requirements, no geographic limitations, and a $1 minimum opening deposit. [...]

Global Economic Forecasts from Wachovia

The latest economics forecast from Wachovia Economics Group has been released and includes predictions for negative economic growth in the United States and Europe for 2009 with a return to positive growth in 2010. The forecasts calls for continued growth in some Pacific Rim countries and South American countries contributing to a global growth rate [...]

Savings Bonds Which Have Stopped Earning Interest

The Treasury Department announced earlier this month the new rates for savings bonds. Purchasers of the Series I savings bond will earn a fixed rate of 0.70% and an inflation-adjusted rate of 4.92%. The inflation-adjustment is reset every six months. New buyers of the Series EE bonds will earn a rate of 1.30, while current [...]

Money-Rates.com Twitter Updates Available

Money-Rates.com is now posting Twitter updates at Twitter.com for people interested in keeping track of the latest up-to-the-minute bank deals. The easiest way to keep track of the updates is to open an account at Twitter - a process that takes less than five minutes.

Twitter Updates

Will College Tuition Costs Continue to Rise?

The quick answer to the above answer is NO or at least almost certainly NO. Parents looking for a break on college tuition, now that the economy is an a recession and inflation is tame, are unlikely to see it based on the historical increase in the index of college inflation:
College Inflation (CB) vs General [...]

Treasury Department Releases New Rates on Series I and Series EE Savings Bonds

The Treasury Department has released the new semi-annual rate adjustments on their Series I inflation bonds and the fixed-rate Series EE bonds. The Series I bond, which pays a fixed component and an inflation-indexed component, is set to pay an earnings rate of 5.64% for the next six months and purchasers of the Series EE [...]

Who or What is EDIE?

As the above public service announcement makes perfectly clear EDIE is an online tool developed by the FDIC to assist with questions regarding FDIC insurance on deposit accounts and the myriad of ownership classifications. Depositors can run through an online simulation of their bank deposits and receive a report which details insurance coverage. With the [...]