Metrox Alliance LTD – Buyer Beware

Click to skip to Updates on potential Metrox scam and fraud One of our clients called asking us about this company. I can’t say whether or not they are a fraud or scam at this point, but there are some huge red flags that I want you to be aware of. I did make a [Read More...]

January CD Rate Update

I have updated our average CD Rate graph, adding the week of January 21, 2013. Sorry that we have been quiet for a bit. Just trying to figure out what direction to go with the site. I love writing and providing rate info, but just not sure we are making the connection we desire. So [Read More...]

October 2012 CD Rate Update

I have updated our average CD Rate graph, adding the week of October 3rd. I survey the top 30 banks and credit unions that are available in the national market. In the last post, I picked on the credit unions a bit. They had no rates in the top 10 on a 1-year CD. They [Read More...]

September 2012 CD Rate Update

Below is an updated graph of the average weekly retail rates since July 13. Sorry, I have skipped a couple of weeks, but the graph does have some interesting data points. I survey the top 30 banks and credit unions that are available in the national market. 1-Year CD Rates have Risen The first thing [Read More...]

1-year CD Rates vs. 5-year CD Rates – A Case Study

One of our clients recently rolled over a CD that they have held at the same bank since Feb 2000. They have primarily rolled for a 1-year CD Term; except for the last few years where they have extended a little to boost their yield a bit. With real data in hand, we can present [Read More...]

August 2012 CD Rate Update

One of the big long-term CD Rate players (Pentagon Credit Union) reduced their 5-year and 7-year rates today. Pentagon typically only changes rates at the beginning of the month (although they have lowered rates a few times mid-month, when a special was getting too much attention or the Fed had a surprise cut). They lowered [Read More...]

The Power of Compounding Interest and Periodic Deposits

Compounding interest is when you place funds in any investment (often a CD) and you leave the interest in the account which then earns interest itself and your final earnings will be much greater. This can also be accomplished in securities accounts by electing to re-invest dividends. Let’s look at a couple of examples. Example [Read More...]

May 30 CD Rates

I figured providing a post on where the top rates are this week might be helpful for our loyal readers. Remember, if you find a good rate, let me know. Others may be able to take advantage of it as well. A reader recently shared City County CU. It turned out to be local to [Read More...]

City County Credit Union – IRA Special – Limited Membership

One of our readers alerted us to a special 1-year IRA CD at City County Credit Union. However, it is limited primarily to some counties in Florida. If you are in the vicinity, take a look. Their official name is City County CU of Ft. Lauderdale. The two basic criteria for membership are: Anyone who [Read More...]

SunTrust Bank Review

From our good friends at DepositAccounts.com. And I actually do count Ken as a friend. We have shared content and emails before on various subjects. For other bank reviews, Click Here for the blogs main page or Here for our placement service. SunTrust Bank is quite a large bank with branches primarily in the South [Read More...]