Do you dream of buying that first home, a cottage on a lake, sending your kids to college – or all of these? Unless you have a rich relative who will leave you lots of money, the only way to achieve your financial goals in life is to set aside savings on a regular
CD rates took a little swoon downwards after the March Fed meeting concluded this past week. As many economists and Fed watchers had expected, the Fed statement released at the close of the two day meeting removed the reference to the term patience as it applies to the Fed’s plans to change monetary policy in
CD interest rates moved higher in mid August along with most long term interest rates, which spiked significantly more than bank CD rates. Bank rates have been heading higher after the Fed indicated that the monetary stimulus program that has been keeping interest rates low may be slowly cut back before year’s end. The first
Interest rates moved higher during the first week of February on the heels of a stronger than expected monthly jobs report. The rise in rates however, did not carry over to bank savings products and the top CD rates in the nation lost ground this past week.
Declining yields were not displayed in all terms or
CD rates made a small push upward during the third week of June. Interest rates in general have been heading north bound since the start of May but have not quite flowed through to savings products in general and bank CDs specifically. Positive economic news regarding employment gains, augmented auto sales, gains in retail sales
CD rates continued to move lower this past week. The average of the best national bank CD rates was down for all terms with the exception of the longer term, five year CDs. The declines were measurably smaller than last weeks move, however this may have more to do with the fact that bank rates
Even with increased volatility in emerging markets and slumping bond prices, the top bank CD rates weathered the storm and held steady going into the final full week of August. Stock markets, commodity markets, and foreign exchange markets took a tumble in the third week of August as uncertainty over the stability of emerging markets
CD interest rates retreated slightly to end the last week of November. The average CD rate coming from the top ten highest rates available across a broad spectrum of maturities dipped by just 2/1000ths of a percent over the course of the week. The average CD rate in the Selectcdrates.com index, which measures the best
CD interest rates made their biggest drop yet this year. The stronger than expected employment figures have just not been strong enough to counter the impact of the Fed which has used monetary easing to keep short interest rates low and bank CD rates just keep moving lower.
Based on the bank CD rate survey conducted
The first step to budgeting your money is to fully understand how you spend your money today. The best method to get a handle on your expenses is to write down every purchase you make for two weeks or a month if you can. This may sound annoying to do, but you will come
The best CD interest rates available were little changed over the past week. Based on the most recent survey of bank CD rates performed by Selectcdrates.com, the average CD rate gave up less than one basis point or 1/100th of a percent week over week. The average CD rate on the highest three month CDs,
A checking account hold serves to let the bank know for sure that a deposit is legitimate.
In October of 2004 Congress passed what is called Check21 legislation that allows banks to process copies of your checks, not the checks themselves. This is intended to speed up the process of clearing payments out of one
A credit union is a financial institution that is privately owned by its members or customers. Unlike a bank, a credit union operates as a non-profit entity and does not put profitability first. Like banks, credit unions must be concerned about its deposits and lending activities and provide stability and service. Credit
When individuals wish to guarantee payment to someone they think of these three types of checks but often don’t know one from another. Let’s attempt to set them straight.
A Certified Check is a type of check where the issuing bank guarantees the recipient of the check that there is enough cash available in the
Certificate of deposit rates were down for the week ending April 9, 2010 across all maturities according to the most recent CD rate survey performed by SelectCDrates.com.
National CD rates were lower for all of the terms measured in the survey though the short term, 6 month CD rates, were down by only a very modest