Take Cover, Bank Rates Continue to Stoop Lower and Lower
If you’ve recently checked the interest you’re earning (or could be earning) on your checking, savings and/or CD’s, you’re probably thinking what I’m thinking… boo, boo, boo!!! With the abundance of foreclosures (amongst other factors), there is no telling when these ever-dropping rates will begin to rise again. Considering the way the Fed/Federal Reserve is currently monitoring and/or controlling our bank rolls, packing your eggs into one little nest (with a high interest rate) doesn’t sound all that bad for now.
Technorati Tags: ScottPot, scottalk, bank rates, savings, CD’s
[ the image in this post was found on wdfw.wa.gov ]
{ 2 comments… read them below or add one }
[…] 2008 by Scott in Piece of Mine, Online Degree, Promotions With the state of the economy (and the extremely horrible interest rates), it’s a wonder how anyone can survive working in the real estate industry but, according to […]
[…] Not too many points off from the 4.30% annual percentage rate that was floating around about 6 months ago but, still, not as pretty as things once were. Nevertheless, BoA is paying the most these days (when you invest a minimum of $5K) with H&R Block lagging somewhat closely behind offering 3.75% on a minimum of $10K for their 6 month CD (or as their creative messaging now reads, 180 day CD). For now, I’ll leave the math to you; keep stacking and stay tuned to Scott Schroeder for more high yield CD coverage as well as ways to stay ahead while bank rates continue to plummet. […]
Leave a Comment