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By Michelle A. Samaad |
November 9, 2010
The average rate for certificates of deposit recently dropped below 1%, a move not seen since recorded data in the 1950s.
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By Michelle A. Samaad |
October 27, 2010
The strain of staying ahead of managing capital and net worth ratios has left some credit unions looking at the bottom of the barrel for more solutions as the year comes to an end.
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October 27, 2010
Despite an overall decrease of $200 billion in certificate of deposit balances in the first half of this year, those that have $100,000 or more with terms over one year are growing.
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September 29, 2010
Looking for ways to pay down credit card debt and lines of credit, during the first half of the year, consumers cashed in about $29 billion from their maturing certificates of deposit to do so.
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By Michelle A. Samaad |
September 28, 2010
Despite the average interest rates on certificates of deposit being higher than those on money market accounts since June 2009, some consumers may still favor quick access to cash.
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August 25, 2010
Rates on certificates of deposit at Internet-based banks may be above the national average rate but they come in second at some traditional financial institutions.
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By Michelle A. Samaad |
August 24, 2010
For the first time in a least a decade, the national average rate for checking, savings, money market account and certificates of deposit at banks dipped below the 1% mark.
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By Michelle A. Samaad |
August 17, 2010
Banks in New Jersey, followed by Michigan, Pennsylvania, Virginia and Oregon appear to be dropping deposit rates the fastest.
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By Michelle A. Samaad |
July 27, 2010
While certificate of deposit rates at Internet-based banks are above the national average rate, they lag behind those at traditional financial institutions.
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July 21, 2010
Deposits continue to grow at a rapid pace even as the number of banks has decreased.
