Personal Finance Blog By MoneyRates - Money Market Account

Why aren't Americans saving more for retirement?

November 9, 2010

Although a vast majority of Americans realize how important it is to save for retirement, a sizable portion don't follow through with action. More than a third of Americans, 39 percent, are not saving for retirement at all, according to a survey released in October by TIAA-CREF, a national financial services organization. The online survey, [...]

Unemployment, underemployment and interest rates

August 17, 2010

If you think unemployment is bad, consider the number of people who are underemployed. By Gallup's reckoning almost one in five people -- 18.3 percent of Americans -- either don't have jobs or are working part-time and want full-time employment as of mid-August. The research outfit's numbers are based on on more than 15,000 phone [...]

Declining Profit Margins a New Threat to Bank Rates

July 28, 2010

It's a delicate balance. Sometimes banks want to attract deposits in savings accounts, money market accounts, and CDs. Other times, those accounts can be almost a liability. According to a recent story in US Banker, now is one of the latter times, when some banks may actually shun new deposits. No, that doesn't mean you have [...]

Emergency savings accounts need a boost, study finds

July 27, 2010

About a quarter of Americans think the economy and their personal financial situations will be worse this year than last year, according to The 2010 MetLife Study of the American Dream released July 26. That sounds pretty grim, considering how bad the last couple of years have been. But the results actually show significant improvement [...]

Money Market Accounts, Money Market Funds, and September 18

September 17, 2009

In September of 2008, a $62.5 billion money market fund operated by the late Lehman Brothers "broke the buck," meaning that the net asset value (NAV) of the fund dropped below the value of the investor contributions. That is not ever supposed to happen, and when it did, the Great Panic of 2008 was officially underway. Government [...]

As Bank Rates Fall, Executive Compensation Rises

September 7, 2009

The always-prickly issue of executive compensation popped up again last week, as a report on the subject was released by the Institute for Policy Studies. Executives at some of the large financial institutions which received billions in taxpayer bailout money were paid in early 2009 with stock options now worth $87 billion, according to the report. There [...]