Rates Current as of Wednesday March 17, 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 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

Can the bank place a hold on deposits made in cash?
Yes, generally a national bank shall make funds deposited by cash available for withdrawal by the next day—or not later than the business day after the banking day on which the cash is deposited. A business day is a calendar day other than a Saturday, Sunday, or a Federal holiday. A banking day
If I open a money market deposit account at my bank with $50,000 is there any chance that I can lose part of my money or my balnc can dwindle if the bank invests this money is some investments that default?
A money market deposit account at an FDIC insured bank is not the same as a money market mutual fund. A money market deposit account at an insured bank has the same FDIC insurance coverage limits as a checking, savings and CDs does. Money market mutual funds do in fact have some exposure
How am I notified when my bank has been closed by the FDIC?
The FDIC notifies each depositor in writing using the depositor’s address on record with the bank. This notification is mailed immediately after the bank closes. When the failed bank is acquired by another bank; the assuming bank also notifies the depositors. This notification usually is mailed with the first bank statement after the assumption.
My bank refused to open a NOW account for my business. Why?
A NOW account is an interest-earning bank account with which the customer is permitted to write drafts against money held on deposit. Entities organized or operated to make a profit (e.g., corporations, partnerships, associations, business trusts) may not maintain NOW accounts. However, an individual doing business as (DBA) a sole proprietor or under
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 Account Scams on the Rise
Bank related Internet scams are on the rise.  Most scam involve third parties attempting to fraudulently acquire information from Web users, such as credit card details, social security numbers, and account numbers.  Protect your account numbers, PINs and online access.  Do not respond to any bank inquiries that you are not 100% certain are from
Minimize bank account monthly service charges
If your bank account has sizeable recurring fees in every monthly bank statement, it time to ascertain why those charges are being incurred and switch to a bank or bank account that better matches your needs.  Some banks charge fees for the minimum balance levels, check copies, overdraft protection and others.  Each of these bank
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