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Selected category: CDs
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Sovereign Bank and the 3% CD
While there is a great stress on all citizens to save, we are often presented with sub-par rates. Banks need deposit accounts to fund their loan and mortgage business, but are giving little in return. Yet, there is a push to get customers to come back (or in) the bank as well and curb the purely internet use. Sovereign Bank is one of thise banks and is currently offering a 3.00% APY 5 year CD.
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CDARS - Certificate of Deposit Account Registry Service
CDARS is a service provided by select banks that allows you as a depositor to get up to $50,000,000 in FDIC insurance for Certificates of Deposit.
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What to Look for in A Certificate of Deposit
Before you even consider any CD (as with any savings account) be sure that you are dealing with an FDIC-insured bank - In order to secure the viability of the US banking system, the Federal Deposit Insurance Corporation (FDIC), an... Read →
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Foreign Currency Certificates of Deposit (CDs)
Financial products like foreign currency Certificates of Deposit can diversify your portfolio with foreign currency, but bear certain risks.
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Brokerage Certificates of Deposit
Although most people think that you can only buy CDs from a bank, brokerages also sell CDs and they may offer you some advantages.
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Certificate of Deposit Laddering
CD laddering is a way to dollar cost average your CD portfolio to smooth and hopefully maximize your CD return over a period of years. It isn't right for every investor or in every interest rate environment, but it is a strategy worth understanding and considering.
Read →Bank of Internet offers competitive CD, checking and savings account rates. However, their format may not be right for everyone.
Read →Being an avid saver has its advantages and disadvantages. One of the advantages is that I have money for a rainy day. One large disadvantage is that I am able to notice the recent decline in interest rates. Everyone is excited that mortgage rates are fantastically low, but what is often overlooked is the fact that the decrease in bank revenue is passed to the consumers.
Read →ING Direct is holding their Black Friday Sales for three days from Friday-Saturday. They are offering savings on checking accounts, kids accounts, and a decent 2% IRA 24-month CD.
Read →Aurora Bank, formerly Lehman Brothers Bank, is offering a 1.43% APY on its one-year CD. However, court documents show Lehman Brothers Holdings needs to sell Aurora Bank in 18 months or close it.
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Want the Higher Interest Rate of 5-Year CDs but Need Liquidity? Consider CD Laddering.
While banking giants such as Bank of America are announcing further interest rate cuts on long-term CDs, itââ¬â¢s not too late to lock in that higher rate now. CD laddering will help give you liquidity while protecting you from having all your funds stuck in a 5-year CD with a low interest rate.
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Three Tips for Protecting Your CD Investments
Investing in a CD is a great idea. But do you know how to protect your investment and help it grow to its full potential?
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CD's May Not Make You Rich, but They Protect Against Losses in Unstable Economy
Interest rates for savers may be low, but consider potential losses before chasing high-interest riskier investments. Decent interest rates on safe investments can still be found, even if the rates aren't ideal.
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Five Tips for Picking a Certificate of Deposit
If you have invested in CDs before, you probably know a little bit about what you are doing. But if you are considering doing it for the first time, you may not know where to start. Here are some tips to help ensure that you make educated and informed decisions.
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Sallie Mae Now Offers More than Just School Loans
Sallie Mae is now offering CD account products. Here are some details to help you better understand what this student loan conglomerate is offering.
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