California Bank Highest 1-year Money Market Rates Still Less than 1%

California Bank Rates Articles

California Bank Highest 1-year Money Market Rates Still Less than 1%

Saturday, April 2nd, 2011 | Comments Off

Money market rates from California banks are still exceedingly low. Our consumer banking reporters have found that these are the highest rates from CA banks which you can see are almost entirely less than 1%: California First National Bank 1.08% State Bank of India 1.00% OneWest Bank 0.90% OneUnited Bank 0.90% United Central Bank 0.85% […]

Comerica’s Economic Activity Index for CA Unpromising

Monday, January 24th, 2011 | Comments Off

Comerica Bank’s California Economic Activity Index was flat in November, unchanged at a level of 105. Up to this year, the Index has averaged a level of 104, up five points from the average for all of 2009. October’s reading was revised from 104 to a level of 105.

US Consumer Online Banking Solution Review Now Published

Wednesday, January 5th, 2011 | Comments Off

The Mercator Advisory Group has recently published the much longed for report entitled “US Consumer Online Banking Solution Review: It’s All in the Eyes of the Beholder.”

Are Increasing Interest Rates Helping the Housing Market?

Thursday, December 9th, 2010 | Comments Off

The interest rates charged on fixed mortgages have risen for the fourth straight week. Some fear that the rise, which goes against QE2, could slow house refinancings and further put a damper the already depressed housing market. Despite valiant efforts from the FED, low mortgage rates did little to boost the struggling housing market. However, […]

California Pays More for its Municipal Bonds

Thursday, November 18th, 2010 | Comments Off

California today paid a higher yield than previously expected to sell $10 billion in revenue anticipation notes to help fund its budget deficit. The state sold $2.25 billion in RANs that mature in May 2011 at a yield of 1.50%. California’s state treasurer’s office said that the bulk of the sale ? $7.75 billion maturing […]

Will California Default?

Tuesday, November 16th, 2010 | Comments Off

California municipal bonds have just plummeted these past few days as investors worry about the ability of California to repay its bond obligations. California faces a massive $25 billion shortfall in revenues to fund state obligations, and Governor Schwarzenegger has been wracking his head over how to do it. Chris Whalen, a financial industry analyst […]

Best California CD Rates Comparison – 11/4/10

Thursday, November 4th, 2010 | Comments Off

Here is our latest California banking editor’s list of the best California CD rates at the moment. This list also contains the highest CA CD rates from national banks, too. Compare and contrast the highest California CD interest rates from local CA banks and financial institutions together with the best nationwide rates available in California. […]

Fed to Buy $600 Billion in Bonds to Stimulate Economy

Wednesday, November 3rd, 2010 | Comments Off

The Federal Reserve on Wednesday announced its plans to try to invigorate the US economy by buying $600 billion of Treasury bonds. Federal Reserve officials said it would buy approximately $75 billion a month in long-term government bonds on through to mid-2011 in order to further drive down interest rates on debt. By buying so […]

Municipal Bond Yields

Friday, October 29th, 2010 | Comments Off

Ten year tax free municipal bonds are now yielding 2.58%, which is an effective taxable rate of 3.97% if you are in the top 35% tax bracket. If the Bush tax cuts end next year, the yield jumps to 4.27% for people in the highest income tax bracket. For 30 year munis, the effective taxable […]

Best California CD Rates Comparison – 10/27/10

Wednesday, October 27th, 2010 | Comments Off

California Bank Rates Articles