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State Bank of India, New York is offering a 36-month (3 year) CD paying 3.55% APY. That's the highest 36 month CD rate since early February.

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When Silver Falls Bank in Oregon failed,the acquiring bank, Citizens Bank of Corvallis lowered depositor CD rates from 4% to 1%. That's the hazard of going with a less sound bank.

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The tale of the economy over the next couple of years is really a test of the theories of John Maynard Keynes, the father of deficit spending, or Milton Friedman, the Novel Laureatee, who believed that inflation was a monetary phenomenon. Bernanke has thrown his lost with Keynes.

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John Bogle, founder of Vanguard, is one of the few smart people in the investment world. He always tells it like it is, even when he strikes close to home. In an interview recently, Bogle pointed his finger at mutual fund managers, retirement account managers, pension managers, money market managers, institutional money managers and the like -- people who charge or make large fees for their work and who together control some 70% of the shares of large public companies today.

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Wells Fargo posted a first quarter profit today that exceeded analysts expectations. CFO Howard Atkins came right out and said it was because they are no longer paying high rates on deposits. Bloomberg states: "Margins are better... Read →

The other day I decided to see just how much more an investor who put their money in the stock market would have earned versus someone who just stuck it into an FDIC insured savings or money market account. The analysis yielded some interesting conclusions.

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FNBO is offering a market leading 4% APY on a 60 month (5 year) CD. To open the account you'll need to first open a savings account and then you'll be able to add the CD to the account.

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An article in today's WSJ discusses the risks of corporate bonds, which are a popular investment vehicle today. The biggest risk seems to be the potential for inflation and future higher rates.

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I just got 2.5% on a money market from the Citibank branch on Boylston Street in Boston. I don't know if the rate is national but here are a few things I learned in the process.

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Today, the Financial Standards Accounting Board (FASB), under pressure from financial companies and politicians, voted to relax fair-value, mark to market rules. Now, banks can decide for themselves how much loans and other assets on their... Read →

Farmers and Merchants Bank if offering a 4.51% APY that is nationally available. The best part of it is that the rate is good on amounts up to $50,000.

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Simon Johnson, the former chief economist at the IMF and a professor at MIT’s Sloan School of Management makes a bold contention in the May 2009 Atlantic Magazine: the US economy has been hijacked by a bunch of financial oligarchs. ... Read →

AIG is offering some pretty competitive CDs. The question is, with all of the hoopla over executive compensation, would you open one?

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Dylan Ratigan left CNBC and the ridiculous show that he created on Friday.

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