Archive for the ‘Economy’ Category

September 2012 CD Rate Update

Thursday, September 20th, 2012

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…]

Low Rates Through 2014 and Beyond

Friday, January 27th, 2012

The FOMC (Federal Open Market Committee) finished their January meetings this week. They usually meet every six weeks and outside of a sudden change that affects the economy they won’t meet again until March. Of particular interest to savers is the commitment to keep rates low, well into 2014. Their goal is to keep borrowing [Read More…]

Staying the Course

Monday, August 22nd, 2011

I apologize for the image, I just couldn’t help myself when I saw it. Don’t worry, the aliens aren’t coming and you don’t need to flee to the hills. As the title indicates, “Stay the Course!” Panic is never a good thing. It often leads us to making rash decisions that we regret later. The [Read More…]

Where to Invest 1 Million Dollars

Monday, August 1st, 2011

Isn’t that the Million Dollar question? Or $100,000 question (that would be a 10% return)? I don’t have $1,000,000 or any investments offering 10%, so what do I have? For starters, some common sense ideas. I’ll follow that with some individual stock ideas (and for the record, I don’t own any of these). Finally, a [Read More…]

Looking Back, Looking Forward

Friday, January 7th, 2011

Note: This was originally going to be released before the year end, but another topic (Main Street Bank)took my time away. 2010 is done. I thought I would do a post and give some of my perspective on last year and what could happen in 2011. I don’t have a crystal ball so I could [Read More…]

Main Street Bank, Texas – I’m Calling You Out

Thursday, December 30th, 2010

Image by: by Frits Ahlefeldt Sometimes, enough is enough. We’ve tried talking to you, but you don’t want to listen. We tried talking to your supervisor (the FDIC), but they don’t seem to care. So we are left with very few options. On late December 24th, you sent a notice that you were canceling some [Read More…]

New Business CD Rate Section

Friday, October 15th, 2010

We have added a new section to our website to focus on our CD service for business and institutional clients. We have been in the CD Placement business for almost twenty years. Our clients include public entities, trust departments, corporations, banks, credit unions, associations, etc. We track CD rates at over 100 institutions daily. We [Read More…]

Certificate of Deposit Rate Forecast

Tuesday, August 24th, 2010

Sometimes I hate being right. I am often asked for a Certificate of Deposit rate forecast and last week I made a doozy. Unfortunately, it seems to be coming true. I predicted that 1-year CD rates would be heading towards 0.50% and 5-year CDs down to 1.50%. When you remove the top players, we are [Read More…]

$250,000 FDIC Insurance Limit Made Permanent

Friday, July 23rd, 2010

Sorry that I didn’t get this out sooner. On Wednesday, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. This was touted as the largest set of financial reforms since The Great Depression. Only time will tell if that is true or not. The good news is that tucked into [Read More…]

House Panel Approves Making $250,000 Insurance Limit Permanent

Wednesday, June 16th, 2010

This is pretty exciting news. A story in MarketWatch mentioned that a House Panel has voted 12 to 7 to make the $250,000 FDIC insurance limit permanent. In addition, it would make it retroactive to January 1, 2008. This would certainly help people who lost funds in the ANB Failure in May of 2008 and [Read More…]