Rates Current as of Wednesday March 10, 2010
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Bank Money Market Rates for June 5, 2009

Posted in June 8th, 2009
by admin in Money Market Act. Rate Updates

Bank money market rates took a precipitous fall for the week ending June 6, 2009.  The average of the top ten bank money market rates fell from 2.09% to 2.00%.  Yields for the best bank savings rates, the top CD rates in all terms along with money market rates fell for the latest week of [...]

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Bank Money Market Account Rates for the Week of May 22, 2009

Posted in May 25th, 2009
by admin in Money Market Act. Rate Updates

The best bank money market account rates continued their listless movement through the week of May 22, 2009.  In a week where the ten year Treasury bond rate increased from 3.14% to 3.45%, short term CD rates dropped while long term CD yields rose, once again money market rates remained for the most part unchanged.  [...]

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Florida Bank Rates and CD Rates at Central Bank

Posted in April 4th, 2009
by admin in Bank Promotions

Central Bank is a local community bank located in Hillsborough County, Florida.  As a local community bank, Central Bank’s goal is to serve the community, its people and local businesses.  The bank offers an array of savings products for consumers from their one location in Tampa.
  
Central Bank CDs are available in a variety of terms.  [...]

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Market Volatility Leads to Oppurtunities in Bank Rates

Posted in October 11th, 2008
by admin in Tips

Not all bank interest rates are created equal.  In turbulent economic times the difference between the rates being offered on similar products between banks can be very significant.  CD rates, savings account rates and money market rates will vary measurably between banks and financial institutions.  As bank profits gyrate and competition intensifies, the rates promoted [...]

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CD Rate Updates

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 [...]

CD Interest Rates February 15, 2010

CD interest rates continued to slide further in 2010.  The average interest rate on bank CDs available nationally was down slightly on all maturities for the week ending February 12, 2010.  The rate activity among the best bank rates, however,was comparatively modest in light of the across the board drop in the average rates.
The selectcdrates.com [...]

Banking & CD FAQs

How can someone avoid fake check scams?
Most fake scams work only when the recipient is required to send money back to the scam artist. There is no legitimate reason for someone who is giving you money to ask you to wire money back and that’s a clear sign that it’s a scam. If you think someone is trying to
What does the Federal Reserve do?
The Federal Reserve has three main functions. First, it provides the nations banks, thrifts and credit unions with certain services such as check processing and electronic funds transfers. Second, it is the bank for the U.S government and holds the government accounts for collections and disbursements. As part of this function it
What is the difference between EE and I Bonds?
Both Series EE savings bonds and I savings bond are safe, low-risk savings products issued by the U.S. Treasury.  The biggest difference is the how the interest rate you receive on the bonds is derived.  EE bonds earn a fixed rate of return while I bonds earn a combined fixed rate and added adjustment rate
Does FDIC insurance cover the contents of safe deposit boxes if they are damaged or stolen?
No. By law, the FDIC only insures deposits in deposit accounts at insured institutions. Although you may be putting valuables, including cash and checks, into an area of the bank that has the word deposit in its name, these are not deposits under the insurance laws that the bank can use, for example, to make
National Averages
CD Rates, Bank Rates,
Fund Rates and Key Rates
6 Month CD Rates
1.29%

1 Year CD Rates
1.67%

2 Year CD Rates
2.10%

5 Year CD Rates
3.22%

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Money Market Act. Rates
1.33%

Savings Account Rates
1.47%

Money Market Fund Rates
3.11%

Tax Exempt Fund Rates
2.39%

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Bank & CD Tips

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
Overdraft protection value for irregular monthly income
If you have a hard time managing your bank checking account do to irregular income or pay, overdraft protection may be just the solution until you build up more ample emergency funds.  Overdraft protection should always be used carefully, individuals with irregular income streams may utilize these services more frequently but should shop and compare
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