MoneyRates Blog
Would You Buy a Jumbo CD from a Mexican Bank?
Mexico’s richest man, one of the richest men in the world, Carlos “Slim” Helu, was on CNBC the other day claiming that Mexico’s banks and overall financial system are in excellent shape, especially when compared to the still troubled state of many American banks.
Meanwhile, three of the four biggest banks in the world are headquartered [...]
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Will New Bank Regulations Protect Your Savings Account? If So, How?
Treasury Secretary Timothy Geithner testified before Congress this morning on the topic of new bank regulations being discussed by the Democrat-controlled Congress, led by Barney Frank of Massachussetts.
Conservative investors who are seeking to protect retirement savings are understandably interested in the outcomes of these discussions. When you have spent your life saving money in savings [...]
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CD Laddering Can Spice Up Your Investing Life
According to Money-Rates’ list of the best CD rates available today, a 6 month CD at 1.5 percent interest is a good deal. At the one year mark, anything near 2 percent is a good deal. Conservative investors who vividly remember CD returns of 3-5 percent are understandably questioning how good of a deal today’s [...]
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Savers Appear to Be Getting a Little Bit Angry
Looking for the best rates on CDs, money market accounts, and savings accounts used to be pretty fun. Now, for many savers, it’s downright frustrating.
Bank rates on deposit accounts, that is, are frustratingly low. And now, with the specter of inflation rising, savers are starting to get a little bit angry.
Inflation Good for Debt
Who are savers [...]
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Bank Earnings Hugely Dependent Upon Trading
Money-Rates banking expert Richard Barrington called yesterday for politicians to take another look at the Glass-Steagall Act, a longstanding financial regulation that separated banking from investment activities, and was repealed in 1999 with the Gramm-Leach-Biley Act.
While this advice to politicians certainly makes extensive sense and might lower the risk of individuals holding money in money market accounts, savings [...]
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FDIC Pays to Milk Cows in Colorado
You knew FDIC regulators were talented, but did you know they can milk cows? Or, rather, they can pay for cows to be milked?
NPR reported today that due to the failure of New Frontier Bank in Greeley, Colorado, farmers who had loans with the bank were in danger of losing their crops and their cattle.
Therefore, [...]
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Interest Rates Stay Low, But Australia Also Rises
Mortgage rates are still low, and so are CD rates and savings account rates. In seemingly unrelated but actually quite pertinent news, Australia’s central bank raised interest rates by a quarter point.
This move signals that Australia’s economy is recovering, and it’s time to prevent inflation. Australia’s economy, overall, is looking decent thanks in large part [...]
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Savings vs. Debt Equation Gaining Important Publicity
If you have not already, make sure to read the great articles from Money-Rates.com contributors Adam Jusko and Richard Barrington that mutually show how saving money is much better than going into unneccessary debt.
Indeed, saving money has become as wise today as refinancing the house was (or seemed?) when you had 75 percent equity and could [...]
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Big Banks May Be Forced to Pay Extra Insurance
The so-called “G20″ nations will meet today and tomorrow in Pittsburgh. One particularly prominent issue is what to do about banks that are “too big to fail.”
If you have CDs, savings accounts, or money market accounts, the G20 meeting may actually amount to something more than bland platitudes this year.
Big Banks Backed by Government No Matter What
The repeated and [...]
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Increased Demand for CDs On the Horizon
There is a lot of talk in the financial press these days about “cash on the sidelines.” Usually, cash on the sidelines is mentioned as a reason why stocks will continue to rise as more buyers enter the market.
But what if a lot of that cash goes into CDs? It’s very possible.
Cash on the Sidelines Less [...]
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Protect Retirement Savings by Expecting the Unexpected
There is no such thing as a sure thing, especially when it comes to investing. Even CDs, among the safest of all places to put your money, can fall in value due to an external factor such as inflation.
However, the constant presence of risk should not prevent us from planning to minimize risk. Especially if [...]
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Why Tax-Exempt Investments Are No Longer So Exciting
It used to be that there was a difference between investments with taxable dividends and those which were not taxable. If your tax bracket was high enough, tax-exempt investments made real financial sense.
For instance, back in the 1950s and 1960s the federal income tax rate was as high as 91 percent for earnings over $400,000. [...]
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