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Credit Card Shopping Updates

Posted in December 13th, 2009
by admin in Credit Card News

As the U.S. economy continues to move thorough a credit crunch, it is important for consumers to shop and compare credit card offers before committing to just any new credit card.  It can be even more important now that credit is harder to come by to choose wisely and shop around for a credit card [...]

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Chase Credit Card Review with the Freedom Card

Posted in December 4th, 2009
by admin in Credit Card Reviews

The Chase Bank Freedom rewards credit card is a premium rewards credit card.  This credit card combines a low introductory credit card rate with standard credit card rewards as well as bonus credit card rewards on select categories of transactions including gas purchases.
The rewards attribute of this credit card allows the account holder to earn [...]

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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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Credit Cards for Everyday Expenses

Posted in November 23rd, 2009
by admin in Credit Card News

Simply having a credit card that you put all of your purchases and expenses on can make personal money management a simpler task.  By having all of your expenses recorded in one easily distinguishable source and location, money management and budgeting can be handled more efficiently and effectively.  If you are prudent and careful in [...]

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BB&T Credit Cards Platinum Visa

Posted in November 22nd, 2009
by admin in Credit Card Reviews

BB&T Bank offers credit cards with a variety of features.  The BB&T Platinum Visa credit card has several attributes making it a credit card worth evaluating.  The strongest features of the card include no annual fee, a competitive credit card rewards program and online bill payment and card management.
The BB&T Visa Platinum Credit Card comes [...]

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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 is an IBAN number?
The International Bank Account Number (IBAN) is the international standard for identifying international bank accounts across national borders. These identifying account numbers were established to facilitate transactions within the European Union. At the present time, the United States does not participate in IBAN. When sending wire transfers to countries that have IBAN numbers,
What should someone invest his or her short-term savings in?
Short term savings should be liquid, which means they should be easily turned into cash. Short-term savings should be secure and not be subject to the loss of principal. To meet these requirements the best products are FDIC insured bank products such as money market deposit accounts, short term CDS, and savings accounts
How long can the bank place a hold on government checks (e.g., social security and treasury checks)?
Generally, a national bank will make funds deposited into an account by a government check available for withdrawal not later than the business day after the banking day on which the funds are deposited into an account held by the payee of the check and in person to an employee of the bank.
My bank is charging high maintenance fees on my checking account. Is this legal?
Yes. Federal law allows banks to charge non-interest charges and fees, including deposit account service charges. All fees should be determined on a competitive basis within the market. Each bank should make the decision on the type, amount, and method of calculation based on sound banking judgment and safe and sound banking
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

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,
Comparing Money Market Mutual Funds and Bank Products
Historically, money market mutual funds would pay a slightly higher interest rate than competing bank products such as savings accounts and money market accounts.  Money market mutual fund rates, however have not always been the market leader in short term rates.  With the ability to write checks and transfer funds without charge, many money market mutual funds may
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