Personal Finance Blog By MoneyRates - Savings Accounts
Americans get richer in the third quarter
December 14, 2010
Despite the dismal housing market, Americans are making progress in rebuilding their wealth.
U.S. household net worth rose 2.2 percent to $54.9 trillion, a gain of $1.2 trillion, in the third quarter, according to recently released statistics by the Federal Reserve.
The uptick follows a decline in the spring, but continues a rebound since first quarter of [...]
Job creation is up: hope amid depressing unemployment news
December 7, 2010
In the wake of the U.S. Department of Labor's depressing jobs report for November, Gallup's Job Creation Index provides a glimmer of hope. According to the index, job creation reached its highest level in November in more than two years. The nationwide index hit a positive 11, the best reading since September 2008, Gallup said. The [...]
Cyber Monday rocks; Will it move savings and money market rates?
December 1, 2010
Are robust online holiday sales a sign that savings and money market rates are ready to start rising?
FDIC issues further guidance on how banks handle overdrafts
November 30, 2010
Starting in July 2011, state-chartered banks will have to take an extra step to ensure their automated overdraft protection programs don't take advantage of customers who can least afford to pay the fees. Under final new guidelines issued Nov. 24 by the Federal Insurance Deposit Corp., banks will have to contact customers enrolled in the [...]
Does Good News for Banks Mean Good News for Savings and Money Market Accounts?
November 29, 2010
Improved bank profitability may be the first step towards improved interest rates on CDs, savings accounts, and money market accounts.
A sigh of relief: Oil prices take a step back (for now)
November 24, 2010
Read about a potential threat to CDs, savings, and money market accounts that has started to back off -- for the time being.
Political fallout puts the Fed in the spotlight
November 23, 2010
Until the economic meltdown, the last time most Americans thought much about the workings of the Federal Reserve system was back in college when they took Macroeconomics 101. Fed policy, after all, isn't sexy, not even to lawmakers. "Monetary policy has always been considered boring on Capitol Hill, something left to remote policy wonks far [...]
Ireland is the latest cautionary tale for the US
November 15, 2010
Read about the possibility of European-style debt problems for the US
Recent employment report has good news for deposit rates
November 8, 2010
If October's improvement in employment turns into a trend, look for it to lead to a turnaround in bank interest rates.
Don't look now, but stock market hype is making a comeback
November 1, 2010
A successful run by the stock market has ushered in a return of hype, but look past the salesmanship before you invest.
