Four New Bank Failures in Maryland, New York and Okahoma

July 10, 2010

I guess the FDIC took a holiday during the fourth of July weekend because last weekend had no bank failures. On this Friday we had 4 bank failures, bringing the total to now 90 for the year. Last year at this time we were half that amount. Two banks failed in Maryland, one in New […]

Read the full article →

Why Are CD Rates So Low?

July 6, 2010

Why are CD rates as low as they currently are?  One reason is definitely because the influence of the Federal Reserve on CD rates.  The FED rate is currently between 0.00 – 0.25% and is a massive component that determines a CD rate.    Another not widely known reason is the recently imposed FDIC rate […]

Read the full article →

Top 1 Year CD Rate

July 3, 2010

Rates continue to fall all around.  The past week has been brutal for all terms from 6 month to 5 year, all CD rates have lowered from last week. Credit Unions on the whole, have kept their rates steady and higher than their bank counterparts. At the moment, Melrose Credit Union offers the top 1 […]

Read the full article →

What Types of Certificates of Deposit Exist?

July 2, 2010

There are many different types of CDs (otherwise known as certificate of deposits) you can acquire from your local bank.  The   definitions for each CD can be confusing and this is a a guide to help define . Always keep in mind, a CD does not have to be insured from the FDIC or […]

Read the full article →

18 Month CD 2.00% APY from First Trade Union Bank – Long Island Only

June 27, 2010

If you remember, we mentioned about their previous promotion.  First Trade Union Bank is now offering a promotion on a 18 month CD at 2.00% APY, when open a personal checking account.  This promotion applies to their New York branch only.  This rate is 0.25% higher than the highest 18-month CD available from our database. […]

Read the full article →

Sovereign Bank 3 and 5 Year CD Online Promotion

June 24, 2010

We’ve discovered another online bank deal today. Sovereign Bank is offering an promotion that’s only available online for a 3 year and 5 year CDs. 3 Year CD – 2.35% APY 5 Year CD – 3.15% APY Both require a $500 minimum deposit.  A penalty will be imposed for any early withdrawal from the CD.  […]

Read the full article →

The Federal Reserve Keeps Rates at 0%

June 23, 2010

The Federal Reserve released a press release today from it’s FOMC meeting.  The press release reiterated what has been previously said “exceptionally low levels of the federal funds rate for an extended period.” In plain English, this means CD interest rates will continue to remain lower than normal for the foreseeable future.  This basically forces […]

Read the full article →

Fort Knox Federal CU CD Special Rates – Kentucky Area

June 22, 2010

We don’t have to tell anyone finding a decent CD rate is a hard thing to do.  It’s almost as tough as getting into the real Fort Knox.  If you live in the Kentucky area, you may want to consider opening an account with the Fort Knox Federal Credit Union.  Their standard CD Rates are […]

Read the full article →

The Highest 5 Year CD Rate is 3.50%

June 21, 2010

If you happen to live in the New York area, then City National Bank (of New Jersey) might be your best bet.  With the highest 5 year CD in the country at 3.50% APY, and only a minimum of $500 to open an account, you might want to drop by one of their 10 locations.  […]

Read the full article →

First Trade Union Bank 3.00% APY 3 Year CD – New York Branch Only

June 20, 2010

To celebrate the grand opening of their new branch in New Hyde Park, NY (Long Island), First Trade Union Bank is offering a 3 year CD at 3.00 APY.  This is a great deal considering many 5 year CDs offer that same APY, and is 50 basis points higher than the highest 3 year CD […]

Read the full article →
About Contact Privacy Disclaimer Widgets Copyright © 2019 Empowering Media, Inc.