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High Interest Savings Making A Come Back

Posted by: RateAPY Bank Rates News
March 9th, 2010

If you are tired of your savings account paying very little, hang in there, good news is coming soon. Interest rates on everything from your savings account to your money market and CD should be paying more than they are today by the end of the year.
According to most economists, the Federal Reserve will need ... Read more »

Bank CD Rates May Go Up

Posted by: RateAPY Bank Rates News
March 8th, 2010

Twice a year the National Association Of Business Economists (NABE) conducts an Economic Policy Survey. In the most recent survey, taken February 4-22, 2010, about 135 of the 203 members polled believe that the Federal Reserve’s monetary policy is correct for the moment. A majority of the members believe that interest ... Read more »

Banks Under New Regulations Regarding Overdraft Fees

Posted by: RateAPY Bank Rates News
March 4th, 2010

More and more, consumers are using their debt cards for purchases instead of paper checks or cash. Debit cards work a lot like a credit card, only the purchase amount is immediately deducted from the customer’s checking account. If there is an insufficient balance in the checking account to cover the purchase, banks usually approve ... Read more »

Stock Investments Suffer On Concerns About Greece And Unemployment

Posted by: RateAPY Bank Rates News
February 25th, 2010

Federal Reserve Chairman Ben Bernanke continued his Congressional testimony today before the Senate Banking Committee. Stock investments fell dramatically as the testimony began to cover what could be serious issues with US banks’ involvement with credit default swaps sold to Greece. Goldman Sachs and other companies may have used creative derivatives to help Greece hide ... Read more »

Prime Interest Rate To Remain Low For Months

Posted by: RateAPY Bank Rates News
February 24th, 2010

Federal Reserve Chairman Ben Bernanke gave his semiannual monetary policy testimony today before the House Financial Services Committee. Last week the Federal Reserve raised the discount interest rate banks pay for emergency loans. Today, Chairman Bernanke reiterated that interest rates should remain low for several more months because the economic recovery from the worst recession ... Read more »

Interest Rates Likely to Be Impacted by Economic News

Posted by: RateAPY Bank Rates News
February 23rd, 2010

The Feds have started to raise interest rates and much of the stimulus used to boost the economy is coming to an end. Interest rates on everything from mortgages to certificates of deposit will likely go up.
Economic Questions as Stimulus Programs End
The Case-Shiller 20 ... Read more »

Fed Raises the Discount Interest Rate

Posted by: RateAPY Bank Rates News
February 19th, 2010

The writing has been on the wall for months–interest rates may have to go up. Even though inflation still appears to be under control, and unemployment still seems high, interest rates may not remain at current levels much longer. The irony is, the official position from the Fed is that interest rates should remain low ... Read more »

Interest Rates May Rise According to FOMC Minutes

Posted by: RateAPY Bank Rates News
February 17th, 2010

Today, the Federal Reserve’s Federal Open Market Committee (FOMC) released the minutes from its January meetings. The minutes confirmed to investors that the FOMC is beginning to consider raising interest rates for banks. The current discount rate, money the Fed lends to banks for emergencies, is at 0.500%. Soon, banks may be penalized an additional ... Read more »

Banks Now Interested in Buying Certificates Of Deposit

Posted by: RateAPY Bank Rates News
February 10th, 2010

Federal Reserve Chairman Ben Bernanke was supposed to testify to Congress today about how the Fed was preparing to unwind the extraordinary measures taken to save the world economy. Due to inclement weather in the East, the Chairman did not testify, but he did release a text of his testimony this morning.
One interesting idea the ... Read more »

Bank Interest Rates May Change After Bernanke Speaks

Posted by: RateAPY Bank Rates News
February 8th, 2010

Bank interest rates on everything from your certificates of deposit, savings accounts, money market accounts, and mortgages could be affected by what Federal Reserve Chairman Ben Bernanke has to say to Congress on February 10.
Congress has long been pressuring Bernanke to disclose a plan ... Read more »