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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

CD Interest Rates Continue to Fall July 19, 2010

National certificate of deposit rates once again moved lower for the week ending July 16, 2010. According to the most recent survey of bank CD rates performed by Selectcdrates.com, CD interest rates were lower for three of the five CD maturities measured and remained unchanged for the remaining two terms.
The average of the top [...]

Bank CD Interest Rates June 21, 2010

Certificate of deposit interest rates were just fractionally lower for the week ending June 18, 2010 based on the survey of bank CD rates performed by Selectcdrates.com. National CD rates for the three month, six month and two year maturities ended the week unchanged from the prior week. The one year and five [...]

Bank Certificate of Deposit Rates June 14, 2010

Certificate of deposit interest rates ended the week on June 11th with mixed results across the various maturities. The average yield for the five year CD rates ended with a gain on the week while the six month and one year term CDs remained unchanged. Unfortunately, the average rate on the top ten [...]

Banking & CD FAQs

What are leading indicators and what are they used for in financial markets?
An indicator is anything that can be used to predict future financial or economic trends. A variety of public and economic statistics published by accredited sources such as U.S. government departments are indicators. Popular indicators include unemployment rates, housing starts, inflationary indexes and consumer confidence. Leading indicators are obviously types of indicators used
What is identity fraud?
Identity fraud includes all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain. Identity theft is one type of identity fraud and is probably the most recognized form. Although identity theft is defined in many different
Is a beneficiary on a bank account legally responsible if the account is overdrawn?
If the account has a standard POD or pay on death beneficiary assignment, the beneficiary has no liability for bounced checks. The designation of the beneficiary isn’t final until the death of the owner. A beneficiary has no ownership interest in the account until the owner dies. Therefore, the beneficiary isn’t responsible for
How much money can I deposit into a national bank?
Generally, there is no limit on deposits. However, there are FDIC limitations to the amount of funds that are insured. Deposits held in federally insured banks are insured up to at least $100,000 for each depositor by the Federal Deposit Insurance Corporation (FDIC). Coverage is higher – up to $250,000 per depositor – for funds
National Averages
CD Rates, Bank Rates,
Fund Rates and Key Rates
6 Month CD Rates
1.18%

1 Year CD Rates
1.49%

2 Year CD Rates
1.85%

5 Year CD Rates
2.85%

-----------------
Money Market Act. Rates
1.21%

Savings Account Rates
1.39%

Money Market Fund Rates
3.11%

Tax Exempt Fund Rates
2.39%

-----------------

Bank & CD Tips

Shop and Compare all Bank Checking Account Offers
When shopping for a checking account, make sure that you avoid any headaches you may incur in the future by simply choosing free checking accounts.  Banks will use a variety of savvy marketing techniques to get you as a customer.  However, these accounts may not always be the best thing for your needs.  If you
Checking Account Statement Review
Try to review your checking account statements and bank statement as soon as possible after it arrives to make sure there are no unauthorized charges.  Look for unauthorized activity or charges on the account regardless of the source.  If you suspect that a thief has used one of your checks from your checking account or
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