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Florida CD Rates August 7, 2009

Posted in August 10th, 2009
by admin in Florida CD Rate Updates

CD rates in Florida moved lower along with the national rates this week.  The average of the best CD rates in Florida remain above the national averages, however that spread is narrowing. 
The average of the best 6 month CD rates in Florida now stands at 2.01%.  This average includes the highest CD rate in Florida [...]

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Florida CD Rates for the week ending June 12, 2009

Posted in June 16th, 2009
by admin in Florida CD Rate Updates

Florida CD investors were spared the discomfort of watching lower CD rates that was seen by most CD investors across the nation.  CD rates on average trended lower again this week for nationally available bank CD rates as well as for most regional and local bank rates.  Florida bank CD rates were one notable exception [...]

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The Best CD Rates in Florida for June 5, 2009

Posted in June 10th, 2009
by admin in Florida CD Rate Updates

CD rates in Florida were modestly lower for the week of June 5, 2009.  The six month CD rates made a fairly substantial drop off, declining 15 basis points or 15/100 of a percent for the week to end at 2.26%.  This drop was almost entirely do to the elimination of one bank’s promotional CD [...]

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The Best CD Rates in Florida for the week of May 22, 2009

Posted in May 27th, 2009
by admin in Florida CD Rate Updates

Certificate of deposit rates in Florida dropped on average for the week ending May 22, 2009 however the best CD rates were predominantly unchanged.  All bank CD term categories in Florida continue to surpass the best national rates.
The best six month CD rate in Florida continues to be promoted by Atlantic Southern Bank with a [...]

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The Best Georgia CD Rates Update for May 8, 2009

Posted in May 14th, 2009
by admin in Georgia CD Rate Updates

The best certificate of deposit rates in Georgia continue to be some of the best bank rates available across the nation.  The highest CD rates in Georgia were mostly unchanged week over week but continue to offer some of the best opportunities for CD investors.  All of the best six month CD rates listed for [...]

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The Best Six Month CD Rates Update Week Ending April 24, 2009

Posted in April 25th, 2009
by admin in 6 Month CD Rate Updates

The average CD rate for the top 10 national six month CDs rose slightly from 2.14% to 2.16% for the week ending April 24, 2009.  Once again, the best six month CD rates were offered by GMAC Bank and Corus Bank.  Both of these banks had six month CD rates set at 2.25%.  The GMAC [...]

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Florida CD Rate Update April 17, 2009

Posted in April 22nd, 2009
by admin in Florida CD Rate Updates

State banks in Florida are offering some of the best CD rates available and the best CD rates are measurably better than the best national CD rates.  Atlantic Southern Bank which is based in Macon, Georgia but has one location in Jacksonville offers the best 6 month CD rate with a special odd month, seven [...]

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CD Rate Updates

Certificate of Deposit Rates March 15, 2010

Average interest rates on certificates of deposits moved modestly lower for the week ending March 12, 2010.  Although the combined average rate for all bank CD terms measured in the weekly survey of bank CD rates performed by Selectcdrates.com, the rate drop this week was quite mild with two of the four maturities measured showing [...]

Certificate of Deposit Interest Rates March 8, 2010

According to this week’s survey of the top ten best certificate of deposit rates available nationally, performed by Selectcdrates.com, bank CD rates have now reached new lows for the year.  Bank CD interest rates were down for all terms or maturities again this week.  
The average rate for the top ten highest 6 month bank CD [...]

Bank Certificate of Deposit Rates February 22, 2010

It seems hard to believe that bank certificate of deposit rates could slide much lower, but the past week was in fact another down week for most all CD maturities.  The results of the selectcdrates.com weekly bank rate survey indicated that CD rates were lower across all terms with the exception of the long term, five year [...]

Banking & CD FAQs

The bank charged $34 for an overdraft, which seems excessive. Is there a limit?
Federal laws do not establish maximum amounts for fees that national banks can charge on your account. These decisions are made by the bank—and in some instances, are prescribed by State law. National banks are required to disclose any fees when the deposit account is established. Review your account agreement with the bank as
Why am I restricted on the amount of withdrawals I can make from my savings account each month?
Federal Regulation D defines what qualifies as a savings account for regulated financial institutions. The regulation establishes requirements for deposit accounts and specifies a depositor is permitted or authorized to make up to six transfers or withdrawals per month or statement cycle. The financial institutions may authorize up to three of these transfers
I wrote a check that was returned because of insufficient funds in my account. But the bank never notified me, so other checks bounced and I got hit with several overdraft fees. Shouldn’t the bank have sent me a notice?
The bank is not required to notify you when a check bounces. You are responsible for keeping a current and accurate check/transaction register. By balancing it with your monthly statement, you will know your account balance and prevent overdrafts. State laws generally provide that it is illegal to write a check, knowingly or negligently,
Where can I find the regulations that tell what my rights and responsibilities are regarding when a bank must terminate automatic payments and deductions from my checking account to companies when I tell them to do so?
Banking Regulation E requires the bank to tell you a summary of your rights and the procedures necessary to affect certain stop payment requests. You can find that requirement under §205.7(b)(7). If your dispute
National Averages
CD Rates, Bank Rates,
Fund Rates and Key Rates
6 Month CD Rates
1.29%

1 Year CD Rates
1.66%

2 Year CD Rates
2.10%

5 Year CD Rates
3.20%

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Money Market Act. Rates
1.37%

Savings Account Rates
1.44%

Money Market Fund Rates
3.11%

Tax Exempt Fund Rates
2.39%

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Bank & CD Tips

Solid Record Keeping Helps Evaluate Rates and Budgets
Reviewing bank checking account statements is an essential task for budgeting and evaluating account costs.   This is also true for credit card statements and investment accounts such as savings accounts and money market account statements.  Solid record keeping is the key to understanding how you can best implement a strategy to save money and reduce costs.  Good
Bank Fees and Credit Card Fees
Don’t be in the habit of thinking of your credit card as a loan.  It’s a convenience.  Pay all credit card balances in full each month.  Leaving a balance on a credit card account will leave you susceptible to a very high interest rate or APR.  It’s like throwing money away.  Extra interest charges and
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