Investor Interest Rate Update

Interest Rate Update: January 5, 2009:

The Federal Reserve has lowered interest rates in the United State to historic lows pushing down yields on most savings instruments. Current rates and yields include:

3-month Treasury Bill: 0.08% yield

6-month Treasury Bill: 0.28% yield

1-year Treasury Bill: 0.38% yield

2-year Treasury Bill: 0.81% yield

3-year Treasury Bill: 1.07% yield

5-year Treasury Bill: 1.66% yield

10-year [...]

90-day Treasury Bill Yields vs. 90-day CD Rates

The 90-day Treasury Bill is yielding only 2.64% after large-scale buying of U.S. Treasuries. The rally in short-term Treasuries has been the largest since 1987 and represents an international flight-to-quality. Typically banks reset their own deposit rates based on action in the Treasury markets, but this has not occured yet after the recent freefall in [...]

Bank Deposit Rates

The FDIC-insured banks offering the highest rates on bank deposits today include:
everbank.com’s 6.01% introductory APY on their FreeNet Checking account is still available as is the 6.00% FNBO Savings account special which is guaranteed until 9/28/2007
Crestmark Bank coming in at 5.40% APY on 90-day and 180-day CD terms and 5.50% at one year.
Greystone Bank [...]