MoneyRates Blog
Paulson on Paulson’s Plan
By MoneyRates team | Money-Rates Columnist
Treasury Secretary Paulson lobbied Congress very hard for the $700 billion in bailout funds needed to buy toxic mortgage securities. After Congress approved the plan, Paulson reversed course and the main use of the TARP funds has been capital injections directly into troubled financial companies. Unfortunately, as companies like Citigroup, AIG, Bank of American, Wells [...]
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Savings Bonds Which Have Stopped Earning Interest
By MoneyRates team | Money-Rates Columnist
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 [...]
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Fidelity, Vanguard, and T. Rowe Price Join Treasury Department’s Money Fund Insurance Program
By MoneyRates team | Money-Rates Columnist
Three of the largest mutual fund money market management companies have joined the long list of companies opting to participate in the Treasury Department’s emergency insurance program for money funds. Fidelity Investments, T.Rowe Price, and Vanguard, who combined hold an estimated $1 trillion in money market funds, all have officially signed up for the program [...]
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Money Fund Guaranty Program Announced
By MoneyRates team | Money-Rates Columnist
One of the major developments last week was the initiative announced by the Treasury Department in which the Treasury Department will temporarily back up money market mutual funds with a new federal guarantee program. The program applies to funds in money markets before September 19, 2008. The press release from the Treasury Department summarizes the [...]
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Banks Rates on Health Savings Accounts
By MoneyRates team | Money-Rates Columnist
What Are Health Savings Accounts?
Health Savings Accounts (HSAs) were created by Public Law 108-173, the “Medicare Prescription Drug, Improvement and Modernization Act of 2003,” signed into law by President Bush on December 8, 2003. Health Savings Accounts will change the way millions meet their health care needs because they are designed to help individuals save [...]
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Inflation and the Series I Savings Bond
By MoneyRates team | Money-Rates Columnist
The Treasury Department has had a Savings Bond program since 1935 to raise funds for the U.S. Government. With the backing of the government implicit these bonds considered among the safest investments in the world. They have not drawn a great deal of attention from investors due to the rates paid on them, which is [...]
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Treasury Department Updates Savings Bond Rates
By MoneyRates team | Money-Rates Columnist
The Bureau of the Public Debt today announced an earnings rate of 4.28% for Series I Savings Bonds, and a fixed rate of 3.00% for Series EE bonds, issued from November 2007 through April 2008. Earnings rates for I bonds and fixed rates for EE bonds are set each November 1 and May 1. Interest [...]
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U.S. Savings Bonds - Series EE
By MoneyRates team | Money-Rates Columnist
Series EE Bonds have been used for decades as one of the simplest and safest ways to save money for the future. The rates paid on Series EE Bonds in general have been competitive with other Treasury-issued investments or national averages on bank deposits. Series EE savings bonds are guaranteed by the United States government, [...]
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