If you read PF blogs, you have probably heard talk as of late about the newly rebranded Ally Bank (formerly GMAC). The reviews seem positive, but what really grabs attention are their rates. I believe they’ve got the highest interest rates around right now, and I’m finding it very tempting to open up an account …
I just had a CD mature, so I’ve been scoping out rates at banks I know and trust. I put together a table and as I was looking at it, I thought, “Hey, the blog readers might like this as well.” So here you go. ING Direct HSBC Direct FNBO Direct 6 month 1.25% 1.75% …
As many of you have already noticed, yesterday, ING Direct dropped its interest rates in response to the Fed’s drop of the interest rate. I’m glad I got that CD started before the rates dropped! Savings accounts dropped from 3.0% to 2.75% (oh how I miss the days of 5%+ interest), and CDs are also …
So as I’m sure everyone has heard or read, the Federal Reserve Board again cut rates in an attempt to stop the current economic downslide. From what I’ve read, it sounds like a number of analysts believe that we are officially in a recession. I haven’t decided if this means I will be making drastic …
The Fed has cut rates again. Interest rates were cut by 3/4ths a point. I get that this is supposed to help the economy, but on a personal note, what is this going to do to my high yield savings accounts? Off to look into putting more money into a CD.