Rates Current as of Tuesday September 07, 2010

Current Prime Rate

Posted in December 10th, 2009

The current prime rate as posted by the Wall Street Journal is at 3.25%.
This is the current prime rate today. The current prime prime rate is effective as of December 16, 2008. The last reported rate change by for the prime rate as reported by the Wall Street Journal was on December 16, 2008 when [...]

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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 the prime rate?

The prime rate is becnchmark rate set by private banks. This is not a government set rate nor does government intervention have anything to do with it. The prime rate was generally considered the rate banks offered their best customers. Though it is still used as a benchmark rate for many loans

My bank just started to charge me for making more than three transactions with a teller in the course of a month. What can I do to avoid this fee?

Some banks would prefer that you bank online or use an ATM for deposits and withdrawals. So, use the teller whenever you must, but learn to transfer funds online and make deposits using the ATM. The bank is able to greatly reduce costs by having their customers use automated services but often these

What is Check 21 and how does this action affect my checking account?

Check 21 is the informal name for an act created by Congress in 2003 to help modernize the check processing system with the use of digital imaging. Many banks now clear checks with just digital images of the checks instead of the checks themselves. These reduces check processing costs for financial institutions and

I wrote a check that was returned because of insufficient funds in my account. But the bank never notified me, so other checks bounced and I got hit with several overdraft fees. Shouldn’t the bank have sent me a notice?

The bank is not required to notify you when a check bounces. You are responsible for keeping a current and accurate check/transaction register. By balancing it with your monthly statement, you will know your account balance and prevent overdrafts. State laws generally provide that it is illegal to write a check, knowingly or negligently,

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