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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.
Read →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.
Read →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.
Read →Here is a three part article on mortgage backed securities that you will want to read before buying the complex product.
Read →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.
Read →Here is a basic article on bonds, how they relate to our everyday lives and what to consider when you are investing in them.
Read →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.
Read →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.
Read →There has been a lot of changes in the laws regarding bankruptcies and here are some of them.
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.
Read →JP Morgan Chase has recently begun touting a new program offering new customers 100,000 airline miles.
Read →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.
Read →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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