Rates Current as of Thursday September 02, 2010

Credit Card Shopping Updates

Posted in December 13th, 2009

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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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

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

Why would someone put his or her money into a money market mutual fund?

A money market mutual fund pays a comparatively high yield for a very secure investment. Money market mutual funds are ranked just slightly higher than FDIC insured bank products on overall risk factors and money market mutual funds usually pay a slighter yield than bank products. Money market mutual funds often give the

Since some credit unions offer some very attractive savings and loan rates, what does it take to become a credit union member?

Membership depends on the individual credit union. Credit unions are still required to limit membership to people who have a common bond. Geography, a common employer, a common group, or something similar can determine the bond.

If the Federal Reserve cuts interest rates isn’t that always good?

Not necessarily, as a drop in the Federal Funds rate also affects the Prime Rate on which investments as well as debts are based. While a drop in the Prime Rate may be good for adjustable rate mortgage payers and credit card holders, interest rate sensitive investments will also be affected. If you

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.

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Credit Card Shopping Updates

Prepaid Credit Cards for those with Less Than Perfect Credit

CD Rate Updates

Banking & CD FAQs

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