• Keep your banking information secured

    Keep your banking information secured

    Don’t be astonished choosing a password for your Internet banking account is very important. Before you put your password for Internet Banking, make sure that you choose a password that only you can remember. A strong password has ideally at least 14 characters or more – certainly the more the better. The password must be composed of letters, numbers and other symbols. You can use upper and lower case to improve the complexity of...

    http://bank-rates.org/financial-consultant/keep-your-banking-information-secured
  • Alluring bank rates and easy profit

    Alluring bank rates and easy profit

    The banking industry is alluring. In the last ten years, competition among financial institutions has created many opportunities to make extra money with the best Bank Rates. There are two main reasons for this new competition: reduced regulation and appearance of the Internet. With widespread access to broadband, online banks can now offer loads of features that traditional banks can not. In addition, these online banks can offer the best...

    http://bank-rates.org/financial-consultant/alluring-bank-rates-and-easy-profit
  • Online banking: advantages and disadvantages

    Online banking: advantages and disadvantages

    Most online banks offer higher interest rates or other offers on savings accounts and other banking products because these banks have less overhead. There is not much building to pay and there are fewer employees. Account information and services are available 24 hours a day, every day. An exception to this rule would be for online banks may need to go offline for a couple of hours to update and maintain systems. Most online banks have no fees...

    http://bank-rates.org/financial-consultant/online-banking-advantages-and-disadvantages
  • What you need to know about bank rates

    What you need to know about bank rates

    People need the loans for different reasons and things. You can choose different loans, such as home loans, car loans, student loans, business loans and other types of loans. Don’t forget that the percentage varies in different types of loan . Banks will typically have lower percents in regards to percents match to other financial institutions. Before apply for a loan, you must know the rate of bank loans. If you need to buy a house for...

    http://bank-rates.org/financial-consultant/what-you-need-to-know-about-bank-rates
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Mixed Message from FDIC Leaves Bank Rates Up in the Air

By Admin | Sep 21, 2009

Last week, the FDIC went out of its way to clarify its accounting policies, to show that the draw down of its deposit insurance fund was not as severe as it seems. This week, they are rather publicly weighing options for giving that fund an emergency shot in the arm.

So which is it — is the fund healthy or not?

The answer to that question will help determine whether depositors finally get a break, in the form of higher savings account interest rates, CD rates, etc.

One option for replenishing the FDIC insurance fund is another special levy on banks. This is a cost that many banks will have to pass along to their depositors, which will put more downward pressure on bank rates. This doesn’t see fair, when the root of the banking problem is borrowers not depositors. Mor

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Tags: Fdic, Fdic Leaves
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Fed Leaves Rates Unchanged: When Will the Fed Start Hiking?

By Admin | Sep 21, 2009

The FOMC meeting finished today, and as expected the fed funds rate remains near zero (0 to 0.25%). The Fed continues to say the same things that it has said in previous meetings:

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

Also, its statement on inflation remains the same:

With substantial resource slack likely to continue to dampen cost pressures and with longer-term inflation expectations stable, the Committee expects that inflation will remain subdued for some time.

The Fed did point to improvements in the economy:

Information received since the Federal Open Market Committee met in August suggests that economic activity has picked up following its severe downturn.

When will the Fed start hiking?

It may be longer than you think. Read more…

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Tags: Fed, Fed Start
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Are Investors Fleeced Like Sheep?

By Admin | Sep 18, 2009

Michael Covel, who founded TurtleTrader.com, has produced a provocative documentary on why the financial crisis cost the typical American so much money.

Broke blames the herd mentality that seems to motivate so many investment decisions and uses some unflattering comparisons with sheep to make the point.

If everyone’s buying expensive homes with exotic loans, I should too. Or if everyone is jumping into a stock Jim Cramer touts on CNBC I don’t want to miss out on the action. Or if my mutual fund says I should “buy and hold” then that’s what I’ll do.

Indeed, the herd is driven by powerful forces in media and finance that profit from the advice and investments they sell, but have no real stake in the herd’s success.

No wo

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CD Rates Are Headed Back Down This Week

By Admin | Sep 18, 2009

CD rates are going back down again this week after two conecutive weeks of increases. Most economists believe the economy has turned around and will grow again during the second half of 2009.

Some economists also believe GDP might actually grow in the third quarter between three and four percent. A stronger economy will eventually lead to higher interest rates. Higher rates on certificate of deposit accounts, online savings accounts and mortgage rates

Bank CD Rates

The national average rate for 3-month certificate of deposits are down to 0.640 percent this week, down from the prior week’s average 3-month CD rates at banks of 0.705 percent.

Average 6-month certificate of deposit rates are back under 1.oo percent at 0.918 percent this week, down from the previous week’s national average 6-month CD rate of 1.051 percent. You can

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Tags: Cd Rates, Week
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