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E Loan is waiving the early withdrawal penalty on CDs for the month of March. It may be helpful for consumers who need the cash but it's also a move by E Loan to phase out high yielding CDs.

One Georgia Bank, located in Atlanta GA is offering a 7-Month CD at 3% APY to customers who deposit a minimum of $5,000 in the CD and who also have a personal interest checking account.

Munis are becoming much more attractive than the best online CDs and savings accounts.

Putting money anywhere is risky these days. Getting any kind of decent return without a whole lot of risk is almost impossible. Treasuries yield nothing, and if inflation hits, as it surely will, even the value of the principal will drop. CDs seem to be the best bet to get some kind of safe return, but these rates are dropping fast. There is a whole range of other options from TIPS, Strips, corporates, high yields, agencies, and preferreds, but all these are either less safe or yield no more than treasuries. Only municipal bonds offer an alternative, but one has to be careful here too.

GE seems to be headed for failure. Is it?

Freedom Bank of Georgia was closed yesterday by the Georgia Department of Banking and Finance. Northeast Georgia Bank assumed the deposits of the bank.

At one point today, the Dow traded less than half of its value of May 2, 2008.

Robert Barro, a Professor of Economics at Harvard University a fellow at Stanford University's Hoover Institution looked at economic data from the past 130 years to determine the probabilities of a small and large depression occurring.

Citigroup, once the largest bank by market value and by profit saw its stock go below $1 briefly today.

Bank of America is offering a competitive 48-Month CD paying 3.01% APY. The bank is also offering a 12-Month High Yield CD special at 2.5% APY and a 9 Month Risk Free CD paying 2.5% APY.

Steve Leuthold of the Grizzly Short Fund predicts that the S&P 500 will rebound in 2009 to 1000. His short fund returned 74% in 2008 and 26% so far this year.

Citigroup announced today that it would lower some mortgage payments to unemployed homeowners as part of its Unemployment Assist Program.

American Express, Chase, Citibank, and other credit card companies are dropping credit limits which could in itself lower your credit score.