MoneyRates Blog
Bank Rates Likely to Get Better
By Clark Schultz | Money-Rates Columnist
Rates on bank deposits are set to go higher if the recent statements of leading economists and the Federal Reserve Chairman are to be believed. The economy is still mired in recession, but the pace of contraction has decreased. Any hints of economic growth, when combined with the enormous amount of money flooded into the [...]
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Banks Slow to Twitter
By Clark Schultz | Money-Rates Columnist
You might think that the Twitter social networking tool would be an ideal way for banks to update the world about their banking deals, promotions, and offers, but that doesn’t seem to be the case. Recent twitter user stats indicate that banks have been slow to attract followers to their company Twitter accounts. In fact, abysmally [...]
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Which Cities Have the Best Bank Deals and Rates?
By Clark Schultz | Money-Rates Columnist
There are a couple of cities in the country that jump out as places where good bank deals and rates are easier to find. Whether the reason is the lack of a major bank dominating the local market or that the cities have better local economies, residents in these cities seem to have it easier than [...]
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Bank Bailouts 2009: Check Your Bank’s Rates and Fees
By Clark Schultz | Money-Rates Columnist
The U.S. Senate behind Banking Committee Chairman Christopher Dodd is proposing that the FDIC be allowed to borrow as much as $500 billion from the Treasury Department. The proposal came after FDIC Chairman Sheila Bair publicly stated last week that the insurance fund was underfunded to meet potential bank failures in the future. Americans are already [...]
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Bank Money Market Rates Outpacing Yields on Money Funds
By Clark Schultz | Money-Rates Columnist
Mutual fund money markets have had a tumultous six months. A perfect storm arose to test the whole industry. First, the safety of money funds was called into question after several funds “broke the buck” during the mortgage-backed securities crisis. Then yields on money funds were pushed down close to 1% after the Fed lowered [...]
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Rate Deals from Dime Savings Bank
By MoneyRates team | Money-Rates Columnist
Dimedirect.com is the online subsidiary of Dime Savings Bank, which is a large bank located in the state of New York. Dimedirect is offering the following new promotional rate deals for accounts opened online:
*** 3.00% APY on the Prime Dime Checking account for balances between $50,000 and $150,000*** 3.25% APY on the Rewards Passbook Money [...]
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5.00% Bank Rate Deal from National City Bank
By MoneyRates team | Money-Rates Columnist
5.00% is looking like a fantastic investment return in this environment of falling interest rates and shaky stock markets. Locking in the 5% return for 4 years might even allow for the funds to be reinvested in an economy that is stronger with more attractive investment options. We don’t know how many more 5.00% rate [...]
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