Personal Finance Blog By MoneyRates - Higher CD Rates
"Health Help" Tax Could Take a Bite Out of Higher CD Rates
April 8, 2010
Savings investors who are patiently awaiting the time of higher CD rates got a bit of bad news last month: The new health reform plan includes an extra 3.8 percent tax on "unearned income" for individuals and couples making more than $200,000 in total income for the year. This new tax is intended to shore up the [...]
Does Increased FDIC Insurance Ensure Low CD Rates?
March 30, 2010
In response to the banking crisis, the Federal Deposit Insurance Corporation (FDIC) raised the limits on bank deposit accounts from $100,000 to $250,000 per depositor, per bank. This move may have been pivotal in preventing a run on banks in America. Nevertheless, there may be a convincing argument to be made that the increase in FDIC [...]
