Rates Current as of Thursday March 11, 2010
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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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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 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

My bank’s ATM indicated that I had a positive balance. But when I wrote a check, the bank charged an overdraft fee. How is this possible?
Many bank transactions are processed overnight. These transactions may not be reflected in an available balance in real time, such as an ATM balance, that you see during the day. On checking accounts, national banks generally post deposits before withdrawals. However, banks aren’t required by law to do this. In addition,
What is a certificate of deposit?
A certificate of deposit is an IOU in that there is a promise to pay back the interest and principal at maturity to the holder of the certificate of deposit. But, a certificate of deposit is not a marketable instrument. In another word, if the holder of the certificate of deposit needs the
Can you still deposit cash directly into your bank account or open up a CD with cash?
There are no Federal regulations that would prevent you from either depositing cash into your checking or savings accounts or opening a CD with a cash deposit. Federal regulations simply make it mandatory that banks fill out a disclosure form when there is a transaction involving cash in excess of $10,000.00. Banks are
What are credit enhancements?
Issuers of securities use credit enhancements to raise the credit rating of a security by backing it with the credit of a third party. Credit enhancements, which may include, bond insurance and bank letters of credit, can help lower the risk of default, improve liquidity, and reduce the interest rate that issuers must pay.
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

Read Terms of Bank CD Rates Before Investing
Before you consider purchasing a certificate of deposit from your bank or brokerage firm, make sure you fully understand all of the CD terms.  Carefully read the disclosure statements, including any fine print.  And don’t be overwhelmed by high yields and vague promises.  Ask questions and make sure you understand the answers before you invest.  There are a lot
Comparion Shop Bank Rates
Banks often compete to be a one-stop shop to service all of their customers financial needs and retain as many of their customers investments as possible.  This convenience can lull a customer into thinking that since one of the bank products is competitively priced, high interest rates and/or low bank fees, that all of the
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