Best Online Savings, CDs, and Money Market Rates

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  • Home
  • Savings
  • CD Rates
  • Mortgages
  • Bank Games
    • Bank Game: Financial Football
    • Bank Game: Road Trip to Savings will Make or Break You
    • Jet-Ski Your Debt Away
  • Articles
    • We Are Rich
    • Time or Money
    • 7 Correct Money Principles
    • A Penny Saved Is A penny Earned
    • Slash Spending – Boost Your Money Market Account
    • Save Money on Household Utilities by Going Green
    • Saving Money and Sanity with Realistic Savings Goals
    • Money Resolutions: 3 Steps to Keep Them
    • How to Earn 13 Times the National Average Savings Rate FDIC Insured
    • 3 Easy Rules for Saving Without Budgeting
    • Budget According To Priorities Not Impulses
    • How Market Linked Certificates of Deposits Work
    • 15 Money Saving Tips That Will Beef Up Your Savings Account
    • Simple Steps to Getting a Savings Account
    • Savings Tips for Thriving in the Recession
    • 10 Simple Ways to Save Money Now
    • Real Money Saving Tips- From Real People
    • Just What Is a Savings Account?
    • What is a Rainy Day Savings Account?
    • Money Market Account vs. Savings Account Comparison
    • How to Find and Reduce Hidden Expenses
    • Is Your Bank Doomed to Fail? 5 Ways You Can Protect Your Savings Account
    • Traditional IRAs

CD Account Strategies

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Before opening CD accounts are you shopping around to find the best CD rates available? It is important to properly research your investment and to know that you are buying the best investment that will provide you with generous returns. CD Laddering As you create an effective CD account strategy you need to focus on the CD rates. One investment strategy commonly used with CD accounts is known as CD laddering. With CD laddering you will have the returns on the CDs at different times. Careful … [Read more...]

Filed Under: Best CD Rates, CD Rates, Online Savings Accounts, Personal finance, Savings Accounts, Savings Tips  Tagged: Barbell strategy, best cd rates, Bullet strategy, CD account strategy, cd accounts, CD laddering, interest rates, investing, money market, money market account

How Can Melrose Credit Union Offer Such High CD Rates?

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Melrose Credit Union is unique in several ways. Below are some of the key elements to it’s profitability and high rates. No Membership Requirements First it has an open charter which means US residents in any state can become members without the usual need of belonging to a certain group. Unusual Profitability Due to Taxi License Loans Second, Melrose Credit Union is unusually profitable because it makes loans to prospective New York cab drivers. Each cab in New York requires a … [Read more...]

Filed Under: Bank Deals, Best CD Rates, CD Rates, IRA CDs  Tagged: best cd rates, CD Rates, melrose credit union, money market rates

How to Earn High Yields with Brokered CDs and Avoid Pitfalls

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You could’ve bought a 12 month brokered Ally CD, on March 11, 2011 at ZionsDirect with a yield of 1.44%. That is 0.19% APY higher than buying the same term CD directly from Ally. Definition: A brokered CD is a CD that is purchased by a broker (usually with a large sum) and then split up into smaller CDs and then offered to investors at above-average-rates. You must have a broker that offers brokered CDs to purchase one. However, even though almost all brokered CDs are FDIC insured, they … [Read more...]

Filed Under: CD Rates, Fixed Income  Tagged: best cd rates, brokered CDs, CD Rates, definition brokered cd

Valentine’s Day CD Offer

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Thanks to Darryl (a RateCatcher.com reader), today we’ll review a Valentines Day CD special. From now until midnight on Valentine’s Day, you can score sweet gifts by opening a CD at GiftsforBanking.com In order to get the Valentine’s iPad/Camera Bundle, you need to open either a 2 year CD with a minimum of $50k or a 3 year CD with at least $25k. The bundle includes: Nikon Coolpix® L22 Camera (red) 32GB Apple® iPad f?l Brooklyn 2-in-1 iPad Backpack $25 … [Read more...]

Filed Under: Bank Deals, CD Rates  Tagged: best cd rates, cd promotion, CD Rates, giftsforbanking.com, melrose credit union

Top CD Rates Compared by Yield/Term Ratio

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It is typical for CDs to offer a higher yield for a longer term. The farther out the term goes, the less the bank is willing to boost the yield. Using RateCatcher’s CD rate comparison tool, I calculated the ratio of yield to term for the most common CD terms. The longest term CDs provided the worst ratios with the best 7 year CD coming in at 0.49. The sweet spot is at the 1 year and 2 year CDs with ratios of 1.48 and 1.13 respectively. The 6 month CD is somewhat irrelevant because the … [Read more...]

Filed Under: CD Rates  Tagged: 1 year cd, 2 year CD, 3 Year CD, 5 Year CD, best cd rates, top cd rates

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Advertiser Disclosure: Many of the deposit account listings appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit Union deposits are insured by the National Credit Union Administration. Many banks and credit unions show different rates on their own websites. Identify yourself as a Bankrate consumer to get the rates displayed in the listings above. If you are dissatisfied by the institution you choose or believe you have received an inaccurate quote, please let us know.

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APY

APY or the annual percentage yield is the real rate of return of an investment over a period of a year taking into account the effect of compounding interest.

Compound Interest

Compound interest occurs when the interest earned on an account is credited back to the account and then interest is earned on the new total balance.

Depositor Insurance

All banks and credit unions listed or reviewed on this site are either FDIC insured or for credit unions NCUA insured. Currently FDIC and NCUA insurance provide insurance up to $250,000 per depositor per institution.

National Average Savings Rate Calculation

The national average calculations were obtained from the Weekly National Rates published by the FDIC.gov website.

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