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 [...]

Cash Bonuses, Rates, and Deals from PNC Bank, Earthstar Bank, EverBank, and E-Loan Bank

PNC Bank is offering a $100 cash bonus which can earned in one of two ways:
(1) Sign up and maintain a qualifying direct deposit on your new personal checking account
(2) Open up a $100 business checking account and sign up for online banking
Accounts at PNC Bank earn less than 1%, but feature free transactions at [...]

4th of July Bank CD and Money Market Rate Specials from EverBank, US Bank and IndyMac Bank

Three major American banks are in the giving mood on the nation’s 232nd birthday with rate specials on CDs and money markets:
US Bank
5.00% APY on their 59-month CD, $100 minimum deposit
4.00% APY on their 25-month term CD, $100 minimum deposit
EverBank
4.65% APY on their money market account, intro-APY guaranteed for 90 days, $1,500 minimum
IndyMac Bank
4.00% APY [...]

EverBank 4.01% APY Checking Account

Possible Way to Benefit from Higher Oil Prices?

Crude oil futures set a new intra-day record today of $119.86 a barrel after closing at a record close Monday of $117.48. In some cities gasoline is over $4 a gallon while the national average is a record high of over $3.50 a gallon. Analysts are quoting oil supply worries and a weak dollar as [...]

EverBank Expands Foreign Currency Options for Investors

EverBank, an FDIC-insured bank based in Jacksonville, Florida, has added new content to their site which offers more detailed coverage of the economies of the countries for which they offer foreign currency investments. EverBank has been providing an online platform to find information on foreign currency and open up foreign-denominated bank accounts for more than [...]

The Federal Reserve and Online Bank Rates

The Federal Reserve delivered a 75-point rate cut yesterday reducing the federal funds rate to 2.25%. Banks have lowered their own prime rates down to 5.25% marking the lowest level of the prime rate since 2004. Similar to how January and February saw the slow demise of 5.00% online bank deposit rates, the remainder of [...]