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Savings rates hit a new 52-week low last week, falling by 1 basis point from 1.62% APY to 1.61% APY. One year CD rates took the steepest drop, falling by 7 basis points to 2.01% APY. Both three year and five year CD rates fell slighly, by 3 and 2 basis points respectively. The slow, painful downward trend continues.

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Here is a brief article regarding one of the more speculative ways to invest in bonds; auction rate securities. If this sounds good to you be prepared to step up to the plate as the minimum investment is $25 thousand.

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Author and former analyst Fred Sheehan writes that the municipal bond market is ripe for collapse. He states that investors are naive if they think that munis are a safe place to stash cash.

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Several years ago Dubai was the land of milk and honey. Its economy was booming and it was lauded as the next big global financial center. Now, it's sovereign wealth fund is teetering on the edge of default and its real estate has... Read →

Here is a three part article on mortgage backed securities that you will want to read before buying the complex product.

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Mortgage rates continue to fall according to Freddie Mac. 30-year mortgage rates matched an all-time low this week and 15-year fixed-rate mortgage rates and 5-year ARMs broke new record lows.

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Here is a basic article on bonds, how they relate to our everyday lives and what to consider when you are investing in them.

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Melrose Credit Union is offering a 3.65% APY 5-Year CD. That tops the credit union CD rates as well as the general bank CD rates for that term.

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Incredible Bank is a new online bank that is offering a high yield checking account. While the rate is lower than most reward checking accounts, the account doesn't come with any of the transaction requirements of a reward checking account.

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There has been a lot of changes in the laws regarding bankruptcies and here are some of them.

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The FDIC released numbers for the third quarter of 2009 and they weren't pretty. While banks earned a bit more money, losses continued, more banks were added to the problem list, total loans declined, and the FDIC needed to tap an... Read →

This development probably marks the end of the line for Saab which sold only 7,600 cars in the US in the last 12 months.

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JP Morgan Chase has recently begun touting a new program offering new customers 100,000 airline miles.

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Here is a strategy you may have heard of: bond swaps. There are a number of reasons to do a swap, and here are some of them.

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On the heels of the Auction Rate Securities meltdown, Wells Fargo is stepping up to the plate and doing the right thing.

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