Banking
High yield CD Rate and Savings account Rate - Link Roundup
If you have money just sitting in your low rate Checking account, try one of high yield saving account or CDs and let it grow in zero-risk savings accounts or money market account. If you are afraid interest rates may fall, it might be a good time to lock down with a CD.
Don’t forget that [...]
$700 Billion Bailout plan/bill - First Draft is here…
Update: Sept 29, 2008: U.S. House Rejects $700 Billion Financial-Rescue Plan
As we all are waiting for $700 billion dollars wall-street bailout plan. Finally as I am writing, Democrats and Republicans just came up with initial draft. Its a first 106-page draft HR bill 3997 (Emergency Economic Stabilization Act of 2008, EESA - h.r. 3997) can [...]
Wamu Failed, time to panic? I don’t think so…
Time to Panic? Yes, in generally its not a good sign for any economy but if you are a Wamu customer, you are/will be just fine.
Lehman Brothers Holdings Inc. declared bankruptcy last week. And Bank of America Corp. announced it was buying Merrill Lynch. and now as we all suspected (okay lets say wall [...]
FDIC Insurance: Is your bank FDIC insured? Make Sure Your Money Is Covered - 5 must-know questions about FDIC insurance limits
Update (October 3, 2008): FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. More here
I have cash in my savings and money market account in [insert your bank name.] How secure is the bank?
Recent failure of IndyMac bank, Lehman Brothers, Bear Stearns and poor health of financial system, more [...]
