Financial Advice

Jeff Ruane / Flickr | http://www.flickr.com/photos/eioua/2698500658/ In the past month, the national savings rate average has dipped from 0.33% APY to 0.32%, according to bank data tracked by MyBankTracker. The drop doesn’t come as a surprise since some of the biggest names in online banking have slashed the rates on their savings accounts. Ally Bank, one of the biggest online banks in the country, reduced its online savings rate — from 0.95% APY to 0.90% APY. Sallie Mae Bank’s savings rate...Read Full Story

Checking accounts are becoming increasingly expensive for most Americans, especially at the major national banks. Online banks, without their brick-and-mortar presence, have become very attractive since they offer online checking accounts that usually offer great perks and rates without the high monthly maintenance fees. As there is more demand for feature-packed, low-cost checking accounts, consumers may search for online checking accounts and become overwhelmed with the options that are...Read Full Story

(UPDATE: A MyBankingDirect spokesperson confirms rate history of its money market account.) There is no doubt that savings rates are extremely depressed because of the Federal Reserve’s monetary policy, which aims to use low interest rates to spur economic growth. Despite the low returns, saving is still imperative, but finding a bank that maintains competitives rates is difficult. Some of the biggest names in online banking, including ING Direct, Ally Bank and American Express Bank, were...Read Full Story

In this Comerica Bank CD rates April, 2013 review are a reflection to the many changes that have occurred since our last visit. The CD rates have seen a decrease by 0.05 to 0.10% in the APYs many of them were earning. If you are thinking about investing your money with this Dallas based financial institution, this information can be valuable. The current bank CD rates include the 7 to 129 day CD that is earning an APY of 0.01%. The 30 to 89 day CDs are earning an APY of 0.02%. The 90 to 179...Read Full Story

The reason for this Fifth Third Bank CD rates April, 2013 review is to make current the offers they have for the American consumer are presented. This will make it easier for you to be investing your money with an informed decision. Since our last visit at the end of the previous year, the CD rates have been reduced in the APYs they were earning from 0.05% to 0.10% The certificates of deposit rates are set up in a tiered format from Fifth Third Bank. The minimum levels include $500, $5,000...Read Full Story