The Highest Yield Savings Accounts are Now Found on the Internet

Archive for July, 2010

The Highest Yield Savings Accounts are Now Found on the Internet

Monday, July 26th, 2010 | Comments Off

With the average national interest rate on savings at .85%, individuals are wondering where they can find a higher yield savings account inorder to park their money. The truth is, you can find it on the web by looking for an internet bank that doesn't have a walk in premise. Once upon a time savers […]

How to Open a Checking Account Online

Monday, July 26th, 2010 | Comments Off

Most people hate all the queueing in line and endless waiting that goes into opening a checking account at a local branch location. However, now many large banks, such as Bank of America, let you open up checking accounts online. The process is very simple, fast and extremely easy. You don’t need an online bank, […]

National Mortgage Rates Hit Record Low

Sunday, July 25th, 2010 | Comments Off

This week mortgage company Freddie Mac reported that national mortgage rates fell to the lowest level on record. The average rate for 30-year fixed mortgages dropped to 4.69%, the lowest rate since 1971 when tracking started. Rates for 15-year loans fell to an average of 4.13% and five-year adjustable rate mortgages also hit lows of […]

New Home Sales Plunge 33%

Saturday, July 24th, 2010 | Comments Off

With tax credits gone, new home sales plunged 33% in May to a seasonally adjusted annual sales pace of 300,000, dropping to the lowest level on record since 1963. It also was the largest monthly drop on record. Since the peak in July 2005, new home sales have now sunk 78 percent from their high. The […]

Best Savings Account Rates – Top 15 Bank Rates Available

Friday, July 23rd, 2010 | Comments Off

We know, we know. You’re looking for the best savings account rates for your money. We know times are bad for savers because savings accounts are paying such low interest rates, and so looking for a best savings account rate is now more important than ever. The Fed just announced they might even lower interest […]

The American Express Saving Account

Friday, July 23rd, 2010 | Comments Off

American Express not only dominates the credit card market, but offers other financial services too, which fall under the category of internet banking or online banking. Most consumers don’t know that American Express not only offers credit cards, but a High-Yield Savings Account and Certificates of Deposit (CD). You can open an American Express savings […]

Ally Bank CD Rates – 1.48% APY 12-Month CD

Thursday, July 22nd, 2010 | Comments Off

Ally Bank CD rates (certificate of deposit rates) are among the best cd rates in the nation. You probably remember Ally Bank under a different name – the General Motors Acceptance Corporation, or GMAC. Founded 90 years ago, it’s still going strong offering great financial deals to consumers, though of course it has changed its […]

PremierWest Bancorp Announces Second Quarter Results

Thursday, July 22nd, 2010 | Comments Off

PremierWest Bancorp (NASDAQ: PRWT), which operates several banking branches in California, announced results for the second quarter of 2010, as follows:

Savings Account FDIC Insurance Coverage Permanently Set at $250,000

Thursday, July 22nd, 2010 | Comments Off

Today the FDIC announced that the deposit insurance maximum amount is now permanently increased to $250,000. This deposit insurance change will also apply to credit unions. The FDIC, in its press release, states: On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises […]

Will the Market Crash, and Should I Put my Cash in CDs?

Thursday, July 22nd, 2010 | Comments Off

Robert Prechter, one of the leading technical gurus of the stock market and owner of Elliott Wave International, a stock market forecasting firm, is currently calling for a epic downswing in the stock market. Using a theory of market movement called “Elliott Wave Theory” developed by Ralph Nelson Elliott (which allow you to predict stock […]

Archive for July, 2010