Union Bank CD Rate Promotion – California Only

June 18, 2010

Union Bank, which primarily has branches in California and some in Texas, is offering decent rates on their 2 and 3 year CDs. 2 Year CD – 2.00% APY 3 Year CD – 2.50% APY These rates are comparable to other rates available for 2 Year CD rates or 3 Year CD rates listed on […]

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2 Day CD Rate Sale – Texas Trust Credit Union

June 16, 2010

The Texas Trust Credit Union, with branches in the Dallas/Fort Worth area of Texas, is offering a 2 day CD sale on June 18th and 19th.  The promotional 13 month CD rates are as follows: Jumbo CD 1.92% APY – $98,000 minimum Mini Jumbo CD 1.81% APY – $50,000 minimum Basic CD 1.66% APY – […]

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Credit Unions: A Better Bet Than Banks?

June 5, 2010

The Wall Street Journal has an article discussing the advantages of using credit unions over traditional banks.  In many cases credit unions offer better deals than their bank counterpart. You can generally find higher rates on certificates of deposit, checking and savings accounts at credit unions than at traditional banks. In May, for example, the […]

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Bank Failure – Arcola Homestead Savings Bank

June 4, 2010

Arcola Homestead Savings Bank, Arcola, IL was closed on Friday June 4th 2010.  It was a small bank with only one branch and a little over 16 million in deposits.  No assuming bank could not be located. Therefore, the FDIC will fulfill its obligation to Arcola Homestead Savings Bank depositors by mailing checks for their […]

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Apple Bank CD Rate Promotion – New York

June 3, 2010

Apple Bank is offering a promotion for two odd term CD rates.  These are only available by going to either a local bank branch or via phone. 13 Month CD – 1.15% 9 Month CD – 1.05% This is higher than the 13 month CDs, but not as good at the 9 month CDs currently […]

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Bank Failure – Sun West Bank

May 29, 2010

The FDIC just released a press release stating Sun West Bank have failed.  The bank’s assets will be acquired by City National Bank of Los Angeles, CA. Your transferred deposits will be separately insured from any accounts you may already have at City National Bank for six months after the failure of Sun West Bank. […]

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Bank Failure – Bank of Florida

May 28, 2010

The FDIC just released a press release stating Bank of Florida and it’s three affiliates have failed.  The bank’s assets will be acquired by EverBank. All deposit accounts, which include checking, savings, money market, CDs and retirement accounts, have been transferred to EverBank, regardless of the dollar amount. No one lost any money on deposit […]

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