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Traditional Credit Unions are Offering Extremely Competitive CD Rates

The traditional credit union is actively pursuing members with high rates. Some may be teasers, but offer a high yield nonetheless. While consumers and investors are often lured by the ease of the internet, local institutions have begun to offer competitive rates to compete.

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ATT's T-Mobile Acquisition Is Risky, but Its Dividend Is Secure

ATT's dividend is still in excess of 5.75%. It is the top yielding stock in the Dow Jones average. It just agreed to acquire T-Mobile's operations for a combined equity and cash amount of $39 billion. Shorts have been burned over the last few days assuming that the dividend would be called into jeopardy. It isn't.

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Senator Dick Durbin Argues that Credit and Debit Card Markets Are a Monopoly and Government Intervention is Required

Illinois Senator Dick Durban makes the argument that excessive fees for accepting credit cards and debit cards are impairing Small Businesses as well as consumers to the benefit of the country's largest banks.

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Chase, Wells Fargo and Other Banks Cancel Debit Card Rewards Program

Chase, Wells Fargo, and SunTrust recently announced they are cancelling their debit card reward program in response to the new rulings on "swipe fees" that limit the amount that large banks can charge retailers for debit card... Read →
CheckSpring Bank -The Bank for the Underbanked Image shutterstock

CheckSpring Bank -The Bank for the Underbanked

many banks actively motivate change in their community. Checkspring Bank is one such bank as its business model is focused around assisting the unbanked or underbanked.

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Credit Union CD Rates From 4% to 7.5% APY

Searching through the best CD rates, we found several credit unions offering CD rates above 4% and up to 7.5% APY. That's incredible in today's rate environment where even 3% APY sounds good. The catch - small minimum balances. The... Read →
First Federal Savings of Pascagoula Offering 3.25% APY 60-Month CD Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

First Federal Savings of Pascagoula Offering 3.25% APY 60-Month CD

First Federal Savings and Loan of Pascagoula, MS is offering a 3.25% APY 60-Month CD. That's the highest rate in the nation according to the BestCashCow CD rate tables.

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Three Common Mortgage Scams and How They Rip You Off Image lovemoney.com

Three Common Mortgage Scams and How They Rip You Off

Have you been the victim of a mortgage scam? Have you heard of someone who has been a victim? Here are three common mortgage scams and how they work so you can know what to look for if it ever happens to you.

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How to Avoid Becoming the Victim of a Mortgage Scam

In a previous article, we told you about the common mortgage scams that have been going around for year. Here are some ways to prevent yourself from becoming a victim of one of these scams.

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Bank of America Helps Military Members and Families Image www.usnews.com

Bank of America Helps Military Members and Families

Another bank joins JPMorgan Chase in efforts to ease the burden on military mortgage borrowers who are having troubles making their mortgage payments upon returning from active duty.

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Federal Reserve Leaves Rates Unchanged - Economy on Firmer Footing

The Federal Reserve today voted to keep rates pegged at 0 - .25%, offering little hope to savers but more good time for borrowers. The Fed's statement did contain some signs of hope though.

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The Impact of the Japanese Earthquake and Tsunami on US Savings, CD, and Mortgage Rates Image aol.com

The Impact of the Japanese Earthquake and Tsunami on US Savings, CD, and Mortgage Rates

The Japanese earthquake and tsunami are terrible humanitarian disasters. In today's global world, events in one country can quickly impact everyone. Just as the tsunami waves impacted the West Coast of the United States, it is worth pondering what the disaster's ripple effect will be on the US economy and rates.

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The Perks of A Debit Card - How they are Changing

With pending legislation threatening to cap the transaction fees banks can collect from debit card purchases, large banks are pulling back on the rewards. However small banks may have an ace in the hole and benefit.

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Is a Federal Housing Administration (FHA) Loan Right for You? Image shutterstock

Is a Federal Housing Administration (FHA) Loan Right for You?

Conventional mortgages are keeping some people from purchasing a home because they can't save up a down payment. But an FHA loan requires a smaller down payment and they are also more flexible. Do you think an FHA loan would be right for you?

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Major Banks Are Offering Structured Products Paying 8% a Year to Their Customers, Is it Safe?

Citibank, Bank of America, JP Morgan, Morgan Stanley and Goldman Sachs are creating interesting structured instruments for their subsidiaries' brokerage customers. These products offer a fixed return above those available in even the best savings and CD accounts. Is the environment still dangerous for banks and are these products too good to be true?

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