Rates Current as of Wednesday March 17, 2010
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Wachovia Bank College Visa® Credit Card

Posted in January 12th, 2010
by admin in Credit Card Reviews

Wachovia Bank offers a variety of consumer retail banking services including credit card services.  The Wachovia Bank college credit card is one of the credit cards promoted by Wachovia Bank. 
With the Wachovia Bank College Visa® credit card, credit card account holders can shop online, buy books, pay regular monthly bills, and have access to credit [...]

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Fifth Third Bank Prime Platinum Credit Card Review

Posted in December 18th, 2009
by admin in Credit Card Reviews

The Fifth Third Bank Platinum Prime credit card is categorized as a premium, low rate credit card.  This card is designed for consumers with a good to excellent credit history.  This bank credit card would benefit individuals who wish to take advantage of the low interest rates currently promoted on the card.
The credit card comes [...]

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SunTrust Bank Credit Card Review Signature Visa Credit Card

Posted in November 30th, 2009
by admin in Credit Card Reviews

SunTrust Bank offers a number consumer deposit and credit products.  Included among the variety of consumer credit products are several credit card offers.  One of SunTrust Bank credit card offers is the Signature Visa Credit Card.  This bank credit card is marketed as premium rewards credit card.
With the Signature Visa Credit Card, the account holder [...]

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Bad Credit Options with Unsecured Credit Cards

Posted in November 26th, 2009
by admin in Credit Card News

Having poor credit doesn’t mean that a new credit card is out of reach.  Within the credit card industry, there are a variety of options available for consumers who have bad credit who need to obtain a new credit card.  Of course, there are numerous reasons to want a credit card even with less than [...]

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Credit Card Offers, Trustco Bank Maximum Rewards Visa Credit Card

Posted in November 24th, 2009
by admin in Credit Card Reviews

Trustco Bank which is headquartered in Glenville, NY and currently operates over 125 bank branch offices, the bank is also a large issuer of bank credit cards.  One such bank credit card offer is the Trustco Bank Maximum Rewards Visa Credit Card.
The Trustco Bank credit card is a truly a maximum credit card reward generator.  [...]

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Default Credit Card Rates

Posted in November 16th, 2009
by admin in Credit Card News

Most all the bank credit card companies will raise the interest rate when a consumer is late on their monthly credit card payments on other accounts not related to the issuing credit card company.  This increased credit card rate is known as universal default or the universal default rate. 
Defaulting on a credit card is not [...]

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Prepaid Credit Cards for those with Less Than Perfect Credit

Posted in November 10th, 2009
by admin in Credit Card News

Many credit card applicants that are denied a new credit card are denied primarily because of a poor credit history or poor credit score.  Unfortunately for these consumers, credit card services are becoming an indispensable tool and the lack of access to a credit card can be a significant inconvenience. 
Credit card services are often needed [...]

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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

Why do longer term CDs pay a higher rate than the short-term CDs?
Many factors affect the rate paid on different maturity CDs. One significant factor is inflation. Inflation expectations generally result in longer interest rates being higher than shorter-term interest rates. Creditors want to be compensated for the use of their funds plus a sufficient return to compensate for the erosion of their purchasing
What is inflation?
Inflation is defined as a rise in the general price level. In other words, prices of many goods and services such as housing, apparel, food, transportation, and fuel must be increasing in order for inflation to occur in the overall economy. Inflation may be measured in several ways with different gauges. The Bureau
I cashed in my CD before it matured, and the bank charged me an early withdrawal penalty. Can it do this?
Yes. Time certificates of deposits or CDs are not completely liquid. When you buy one, you enter into a contract involving a fixed amount of money, principal, for a predetermined period of time, the term, and an agreed-upon interest rate and yield. Banks are permitted to assess an early withdrawal penalty whenever funds from
What is the money market?
The term money market refers to the market for short-term debt instruments with maturities typically of one year or less.
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

Bank Direct Deposit Can Increase Interest Rates
Many banks are offering an interest rate increase on your checking account if your paycheck is deposited electronically.  Your bank can help arrange for the direct deposit of your pay checks, pension or social security checks without charge.  Direct deposit results in no delays in getting funds deposited because checks may get lost in the mail,
Invest Early to Capture Compound Interest Returns
Whether interest rates are low or high, compound interest shows its real power over longer investment horizons.  More frequent compounding periods further increases the accumulation of interest earned on interest with any type of savings account.  Start with small investments in a low minimum balance money market account or bank certificate of deposit if that’s
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