Posts Tagged ‘Local Bank’

Best CD Rates (Certificate of Deposit Rates), March 2010

The following is a list of the nationally available highest yields 12-month CD rates. In general, certificates of deposit (CDs) are great investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use CD Ladder to make your CD savings more flexible and effective. You can open certificates of deposit at your local bank, but with a little more effort you can secure the best rates through online banks. As of 3/2/2010, the highest yield CDs are: Bank Rate (APY) Min Deposit Details Discover Bank CD 1.60% $2,500 Choose terms from 6… Read the whole article...

Best CD Rates (Certificate of Deposit Rates), January 2010

The following is a list of the nationally available highest yields 12-month CD rates. In general, certificates of deposit (CDs) are great investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use CD Ladder to make your CD savings more flexible and effective. You can open certificates of deposit at your local bank, but with a little more effort you can secure the best rates through online banks. 1-Year CD With Highest Interest Rate As of 1/5/2010, the highest yield CDs are: Bank Rate (APY) Min Deposit Details Discover Bank CD… Read the whole article...

Personal Finance 101: What Does FDIC Insurance Really Mean?

One of the biggest things I inspire people to look for when they open a financial institution account is that the financial institution is FDIC insured. Most banks working in the United States offer this insurance. In an era where people are much more than a small worried about financial institution failures and the like, FDIC insurance is vital. But what exactly is it? Charlie writes in: What exactly is FDIC insurance? How does it function? [A local financial institution] went under recently and appears to have been bought out by another financial institution and from what I understand the… Read the whole article...