Articles

HSBC is offering $75 to open a Plus Checking account and fund it with a minimum of $4,000 for 180 days.

ING Direct has raised the rates on its 6, 12, and 18 month CDs. They are now moderately competitive although still not at the top of the rate tables.

IndyMac has fantastic customer service, and my experience with them shows that it is well worthwhile to open CDs in this low interest rate environment.

Banks will have to refinance an estimated $787 billion in floating-rate notes by the end of 2009. They need money to refinance. Guess one place they'll go to get it?

In a rather strange move, Emigrant Bank, the parent company of Emigrant Direct has launched another online direct brand, DollarSavingsDirect. DollarSavings differs slightly from Emigrant Direct and currently has a higher rate.

Think it's just the Fed that is having trouble reconciling rising inflation and a weak economy? Europe is having the same debate with some believing rates should rise and others feeling it should fall. The outcome is important to the US since European rates impact the Euro/Dollar exchange rate.

Fed officials have gone on record as saying that the next move the Fed makes will be a rate increase. It won't be happening anytime soon though.

The FDIC released their Quarterly Banking Profile today and it looks pretty grim. Net banking income declined 87% and the number of problem banks grew from 90 to 117.

Fast Money's talking heads showed how little they know about everything when they tried to present themselves as experts on China this evening.

Washington Mutual is now offering 12 and 13 month CDs at 5%.

Think most stock pros know what they are doing in these times of uncertainty - NOT. Read on.

The economy may be poised to get from bad to worse.

Downey Savings Bank is offering a whopping high rate of 4.68% APY on an 18-month CD. The bank has suffered in the mortgage meltdown as the its stock has gone from a 52 week high of $63 to a little over $2 today.

ELoan has raised their CD rates and added an interesting promotion.

Two Nobel Laureates of economics provide their perspective on Obama economic policy.