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Make room under your mattress, folks...
We may see a 100 basis point rate cut from the Fed this month.
We may see a 100 basis point rate cut from the Fed this month.
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What is wrong with this man. Someone needs to go shave his beard off or something. Maybe that will make him gain sannity. Doesn't he know he is inviting in inflation. Oh gosh, if he does anything close to 75 basis points, commodities are going to go haywire. Personally, I don't understand bernanke's strategy at all. First off, Greenspan set interest rates artificially low and helped spur on the housing bubble. Now dealing with the subprime and credit crisis caused by the housing bubble, Bernanke thinks he can save us by lowering interest rates again. Who gave this man a degree. Am I just crazy, or is bernanke on a mission to ruin our economy. -
That's what happens when countries go off the gold standard and start printing money out of thin air.
Unfortunately, it looks like we're in stagflation as well and that's a double whammy.Comment
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FlagStar Bank is offering 4.25% APY money market accounts with $1 deposit, no fee, no minimum balance requirements and free checks for life. Does anyone have an account with them?Comment
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That offer must vary by region. The highest yield I see listed on their site is 1.5%, and that's for balances over 100K.Comment
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I entered a California zip code, and it showed 4.25% APY, even though they don't have any branches in California.Originally posted by BTC View PostComment
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ING down to 3.10. I was just about to open an account with them...I think i'll pass for now.
OneUnited down to 4.00.Comment
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The online banks are still paying higher than most of the brick and mortar banks. I had a promotional money market rate with my bank for 6 months which will be up tomorrow. I called today to find out that their highest rate is 1.73 if you have at least 30,999 and up to invest.Comment
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With the new lending program announced today, a 50-bp cut is looking more likely. LinkOriginally posted by sweepsComment
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I was going to buy after yesterday's big dip, but held off. Now I feel poorer.Comment
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I think that this market is going to trade sideways for a while. You will probably see another drop after all of the IRA- 401K money gets paid in for 2007.Comment
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Yeah, I'm disappointed too. I was hoping the market would keep falling so I can keep buying shares on the cheap.Originally posted by BTC View PostComment
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ING is down to 3.10% as of 3/11/08.Comment
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This week's updates (APY):
OneUnited down from 4.60 to 4.00
ETRADE down from 4.10 to 3.45
Apple Bank down from 4.00 to 3.70
AmTrust Direct down from 3.75 to 3.50
Emigrant Bank down from 3.60 to 3.30
Banco Fortuna down from 3.60 to 3.30
Ultima Bank down from 3.50 to 3.40
ING Direct down from 3.40 to 3.10
Capital One down from 3.25 to 3.10
See first page of this thread for complete, updated listing.
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Does anyone know what the scoop is RE: Savings Square? They were a 4-star rated bank by Bank Rate but they have not been listed on the website for months.Comment
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FWIW, Amegy Bank has a 4.01% APY. They have a 4-star bank rate.com rating. It might be a good spot to park some $$$ for anyone that's looking.Comment
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