Personal Finance Blog By MoneyRates - CD Rates

Savings account rates weighed down by persistent unemployment

August 9, 2010

How does the latest news on employment affect your deposits?

Earnings Send Disappointing Signals for Bank Rates

July 26, 2010

Indications from second quarter earnings releases are that banks are continuing to suffer from bad loans tied to the real estate sector. That's bad for banks, and in this case, what's bad for the banks is also bad for bank customers. Money market rates, CD rates, and savings account rates continue to bump along at extremely [...]

Where Bank Rates Fit Into the Stimulus vs. Fiscal Discipline Debate

July 21, 2010

The breaking of a filibuster yesterday paved the way for a further emergency extension of unemployment benefits. The debate over those benefits was the latest example of a larger debate concerning which of two major economic problems should get priority now: the faltering recovery, or the federal budget deficit. Savings account rates, money market rates, and [...]

Weak Consumer Sentiment a Setback for Bank Rates

July 19, 2010

Just as some positive momentum had been developing in the stock market, prices took a major tumble on Friday. This sudden reversal is typical of the twists the economic narrative has been taking lately, as the recovery seems in danger of petering out. The drama extends to the outlook for bank rates, whose fate seems to [...]

Following the Chain of Events to Higher Bank Rates

July 14, 2010

Are you impatient for higher savings account rates? Wondering if money market rates will ever move higher rather than lower? Agonizing about rolling over a CD at current CD rates? Simply waiting for bank rates to move can be a frustrating exercise. It can help if you know to look for some early clues to higher [...]

Will Bank Rates Take a Cue from Corporate Earnings?

July 12, 2010

You may be a conservative depositor who doesn't have much to do with the ups and downs of the stock market. Or, you may consider your bank deposits totally separate from your high risk/high return stock investments. Either way, you probably don't make an immediate connection between what's going on in the stock market and [...]

Bank Rates May Take a Cue From Bank Earnings

July 7, 2010

With the second quarter of 2010 now behind us, banks are expected to release earnings reports that show a drop-off from a strong first quarter, at least for some of the industry's leaders. You don't have to be invested in bank stocks to find that significant -- just being a depositor is reason enough to [...]

Is Fed Policy Backfiring?

June 30, 2010

As expected, the Federal Reserve announced last week that would leave its key interest rate unchanged, at a level just above zero. What was unexpected was a pledge to continue this low rate policy for "an extended period of time." The context behind that pledge is the worsening economic picture -- a double-dip recession now seems [...]

Is Passage of Banking Reform a Slam Dunk?

June 28, 2010

It's been a long time coming. Following exhaustive debate, proposed banking legislation has been finalized and is expected to be put to a vote this week. Coverage of the outcome of the conference committee process, which is the legislative procedure for reconciling differences between House and Senate versions of the same bill, has focused on the details [...]

Bank Rates Have Little to Hope For From Fed Meeting

June 23, 2010

No organization gets more attention for doing nothing than the Fed. The fact that the Federal Reserve concludes a two-day meeting today has been widely reported -- as has the fact that the Fed is expected to leave its bank lending rate near zero. Not only is the Fed expected to do nothing today, but speculation centers [...]
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