MoneyRates Blog
Is There Such Thing as “Too High” Rates on Deposit Accounts? Ally Enemies Think So
By Andrew Freiburghouse | Money-Rates Columnist
Savers looking for the best CD rates have noticed a “new” player on the scene: Ally Bank. In addition to attracting eyeballs with high interest rates on deposit accounts, Ally Bank has become famous for putting out a series of funny, irreverent TV ads portraying other banks as stingy tightwads.
However, Ally Bank is new only [...]
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When Will Inflation Expectations Lift CD Rates?
By Clark Schultz | Money-Rates Columnist
Recent economic releases have increased the optimism of some market analysts about the U.S. economy, although you may have to listen or read very carefully to find the good news. The glimmers of hope are hidden in phrases like, “the pace of declining home sales has slowed” or “growth was forecast to be worse than reported.” Not exactly enough [...]
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Do You Deserve More For Your CD?
By Peter Miller | Money-Rates Columnist
Almost $130 billion has been paid out to financial managers in the past few years, money that savers and investors didn’t get.
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Kudos to ING Direct
By MoneyRates team | Money-Rates Columnist
Many Americans are quick to criticize banks for their never-ending fees and spotty customer service. The larger the bank, typically the more greedy and uncaring we assume that bank will be. This month one bank has shown us that greed is not good and that banks can be charitable. ING Direct has launched a program [...]
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Where to Find 5.00% Bank Rates?
By MoneyRates team | Money-Rates Columnist
The list of best bank deposit rates at the beginning of 2008 was topped by Countrywide Bank and One United Bank both offering savings accounts with yields over 5.00%. After a quick and substantial march down in rates (following large rate cuts by the Federal Reserve) bank rates have started to increase again in the [...]
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Rate Update: Mortgages, Home Equity Loans, Money Markets, Checking, Savings, CDs, and Reward Checking
By MoneyRates team | Money-Rates Columnist
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 [...]
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Online Banks Deals that Beat Your Local Bank Rates
By MoneyRates team | Money-Rates Columnist
Chances are your local bank has taken note that the Federal Funds rate is at 2.25% and that Treasury Bills are below 2.00%. Even more likely is that the bank has lowered their deposit rates on your checking or savings account accordingly. Fortunate for savings investors there are a number of online banks willing to [...]
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Last Minute Online Bank Deals before Fed Strikes with Rate Cut
By MoneyRates team | Money-Rates Columnist
The Fed is due to announce a rate cut in a matter of hours which is likely to lead to banks slashing their own deposit rates in the next few weeks. Online bank rate specials still available today include:
EverBank is offering checking accounts and money market accounts with an introductory APY of 4.51%. The average [...]
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KeyDirect Offering +5.25% on Long Term CD Rates
By MoneyRates team | Money-Rates Columnist
KeyDirect offers great interest rates directly to consumers and businesses in 37 states and the District of Columbia but not AK, CO, ID, IN, KY, ME, MI, NY, OH, OR, UT, VT, or WA. Key is currently offering the following rates on their longer term certificates of deposit’5 year CD - 5.26% APY7 year CD [...]
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Irwin Union Bank to Offer up to $50 Million in FDIC Coverage
By MoneyRates team | Money-Rates Columnist
Depositors with more than $100,000 no longer have to maintain relationships with multiple banks to enjoy the full protection of Federal deposit insurance.
With a new service, the Certificate of Deposit Account Registry Service(R) or CDARS(R), Irwin Union Bank can provide clients with as much as $50 million in Federal deposit insurance. CDARS can serve as [...]
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Internet Bank with high CD rates
By MoneyRates team | Money-Rates Columnist
Greystone Bank (FDIC# 58094) based out of Raleigh, North Carolina is offering high-yielding internet CDs via their website greystonebank.com. Greystone is a relatively new bank (established in 2005), but has a strong deposit base for only being open two years. The online account set-up via Greystone Bank’s website is very straightforward.
Current Annual Percentage Yields (APY) [...]
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New Dominion Bank Variable Rate CDs
By MoneyRates team | Money-Rates Columnist
New Dominion Bank (FDIC# 57888) in Charlotte, North Carolina is offering variable rate CDs to individual investors via their website. The rate on each CD is tied to the current prime rate as printed in the Wall Street Journal.Current terms and APYs (annual percentage yields) for the variable rate CDs are:
1-year 5.50% APY, $5,000 [...]
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