RateAPY

Fewer Investments in New Housing Cause Builders Pain

Posted by: RateAPY Bank Rates News
June 16th, 2010

Investments in New Housing Drops
Housing starts fell 10 percent in May as fewer people are making investments in new housing without the government incentive of a tax credit. Construction on single-family homes suffered a 17 percent drop, the worst decline since 1991. The annual rate of homes under construction is now at 475,000, the lowest ... Read more »

Despite Increasing Consumer Investments, Recovery Won’t Feel Good Says Bernanke

Posted by: RateAPY Bank Rates News
June 15th, 2010

Modest Economic Growth
In a recent interview with Sam Donaldson, Federal Reserve Chairman Ben Bernanke said the U.S. is recovering from the Great Recession but that recovery won’t feel good. The economy is growing for the 4th straight quarter but only at a rate of about 3-3.5%.
Investments Not Strong Enough to Outpace Unemployment
Consumer investments and spending ... Read more »

Range of Strong CD Rates from Avon Co-operative Bank

Posted by: RateAPY Bank Rates News
June 14th, 2010

Certificates of Deposit–a Competitive Market Place
You might assume that all certificates of deposit are much the same. After all, most of them (all of them on this site) are 100 percent secure for balances of at least $250,000 thanks to the Federal Deposit Insurance Corporation (FDIC), so why should ... Read more »

Riskier Investments Had A Good Day: Dow Closed Above 10,000

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

For the first time in a week, the Dow Jones Industrial Average closed above 10,000. Strong economic data from the U.S. and China helped the average to gain 273 points, up 2.8% to 10,172. That is the biggest one day gain since May 27 this year.
Risky Investments vs. Cautious Investments
Analysts are saying that the high ... Read more »

3 Tips for Finding the Best Banks

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

It would be very time consuming to survey 200 banks to find the best one. Whether you are looking for a checking account, savings account, money market account, or a high yield certificate of deposit, here are three rules of thumb to follow when looking for the very best banks.
Tips for Researching Banks

Is it FDIC-insured? ... Read more »

America! Net 2% APY with an AmericaNet Money Market Account–No Catch; No Hook Required

Posted by: RateAPY Bank Rates News
June 7th, 2010

Money Market Accounts–Net Returns
If you regularly trawl through money market account interest rates, you’ll know that a full 2% APY is quite a catch nowadays. And if that interest rate comes with an account that’s generally free to maintain, then you know that you’ve probably netted a winner.
AmericaNet Bank Money ... Read more »

Budgets Are Proven To Improve Savings

Posted by: RateAPY Bank Rates News
June 3rd, 2010

Savings Are Easier with a Budget
It is much easier to spend without regard to where the money goes. However, that is no way to make sure you are getting the most of your limited dollars. Budgeting and tracking your spending is a proven way to improve savings.
Making and sticking to a budget is invaluable for:

finding ... Read more »

Interest Rates Likely to Remain Low Due to Low Inflation

Posted by: RateAPY Bank Rates News
June 3rd, 2010

Analyst Predicts Low Inflation
Ray Dalio of Bridgewater Associates spoke to SmartMoney.com and offered a prediction that inflation would remain low. Low inflation means the Federal Reserve will likely keep interest rates low to stimulate the economy.
Refinancing–But No Debt Reduction
Dalio’s interesting commentary included these points:

Governments around the world are printing money like never before, but with ... Read more »

“SMART” Youngsters Earn More than 2% with an Ultima Bank Savings Account

Posted by: RateAPY Bank Rates News
June 3rd, 2010

High Interest Savings Accounts for Kids
Some banks offer special savings account deals to teenagers. You can see why. On the one hand, the child gets a very competitive interest rate, and a useful introduction to healthy savings habits. On the other, the bank gets an opportunity to bond with a potentially ... Read more »

Certificates of Deposit: Three Features You Should Know About

Posted by: RateAPY Bank Rates News
June 1st, 2010

Certificates of deposit are excellent investments that have a higher yield than most savings accounts and can be easily converted to cash. Be familiar with the following three features of any certificate of deposit you are are considering as an investment.
Certificates of Deposit: What You Need to Know

Maturity Date. Eager investors sometimes get excited by ... Read more »