MoneyRates Blog

Mortgage and CD Rates: Opposites That Don’t Attract

August 11, 2009

If you’re looking for the best mortgage rates, you’re happy when interest rates go down. If you’re looking for the best CD rates, you’re sad when interest rates go down.
Money, Dreams, and Other People
One group dreams of  of homeowhership while the other grouup dreams of a comfortable retirement. Often, as in the case of the young couple [...]

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JPMorgan Sees Record Profit in Q2–How?

July 16, 2009

Following Tuesday’s strong report from Goldman Sachs, JPMorgan reported a record profit of $2.52 billion during the second quarter of 2009. So much for the U.S. banking industry keeling over dead. In fact, less than a year after then Treasury chief Henry Paulson requested $700 billion to save the banks, the banks look quite healthy.
How [...]

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Get the Best Rates, But Watch Out for Fees, Too

July 9, 2009

Jennifer Waters at MarketWatch.com had a nice story the other day about how banks are hiking up a variety of fees as they attempt to return to profitability. Fees are something that anyone who’s interested in the best CD rates or the best savings account rates should be watching closely, as high fees can cancel [...]

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One Obscure Acronym That May Actually Mean Something to Depositors

July 1, 2009

People who hold their money in conservative investments such as CDs and money market accounts can be forgiven for not knowing the definition of every acronym the financial world and/or U.S. government invents. After all, these acronyms–TARP, TALF, MBS–fly fast and furious, and often don’t much affect deposit accounts.
One acronym that may more immediately impact [...]

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Protect Retirement Savings by Expecting the Unexpected

June 26, 2009

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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