EverBank offers Savings Products linked to Gold, Silver, Foreign Currencies, US Dollar and more- March 13, 2008 EverBank is a prominent online bank which has been offering a wide variety of investing options not found from your typical online bank. Listed below are many of the products currently available at EverBank, although investors should read carefully the disclosures and fine print of each product to fully understand the nature of the bank products.EverBank WorldCurrency CDsThe EverBank WorldCurrency CDs pay a fixed rate of interest for the lifetime of the CD in local currency. All of the below...http://www.savings-investor.com/2008/03/everbank-offers-savings-products-linked.html Chicago-area Bank and New York-area Bank Offering $200 Cash for New Checking Accounts- March 12, 2008 Metropolitan National Bank, located in New York City with three Manhattan branches, is offering $200 free cash for new customers who open up a checking account and establish a minimum $500 direct deposit linked to the account. The bonus is considered interest and will be reported at the end of the year on a 1099 tax form. Account features includes free direct deposit, free online banking, and free online bill payments as well as no ATM fees for worldwide ATM access. The Metropolitan Bank...http://www.savings-investor.com/2008/03/chicago-area-bank-and-new-york-area.html New Banking Site Mixes High Yield Savings with Social Networking- March 10, 2008 This week marks the launch of Smartypig an online savings account program which uses West Bank for maintaining deposits and the Smartypig.com social network site to allow friends and family to contribute to either public or private savings goals of accountholders. The annual percentage yield on the Smartypig savings account is currently 4.30% with no fees except a $4.95 processing fee for contributing to someone else's savings goal. There is a minimum $25 deposit to start and a maximum $10,000..http://www.savings-investor.com/2008/03/new-banking-site-mixes-high-yield.html 5.00% Bank Rate Deal from National City Bank- March 10, 2008 5.00% is looking like a fantastic investment return in this environment of falling interest rates and shaky stock markets. Locking in the 5% return for 4 years might even allow for the funds to be reinvested in an economy that is stronger with more attractive investment options. We don't know how many more 5.00% rate deals we are going to see in 2008 (if any), but National City Bank has extended their 4-year CD 5.00% rate special another few weeks.National City Bank is a large multi-state bank..http://www.savings-investor.com/2008/03/500-bank-rate-deal-from-national-city.html iGOBanking, Capital One Bank, KeyDirect Increase Deposit Rates - Best CD Rates Over 4.25%- March 6, 2008 A number of banks including Acacia Federal Savings Bank, Greystone Bank, National City Bank, iGObanking, KeyDirect, and Capital One Bank have increased their longer-term CD rates. Either the banks are responding to the higher yield on longer term Treasuries or are trying to become more competitive in bringing in more deposits, but either way savings investors can lock-in higher rates than they could one week ago. Rates available today include:2-year CD rates as high as 4.10% APY2.5-year CD...http://www.savings-investor.com/2008/03/igobanking-capital-one-bank-keydirect.html Answers about the Government's Stimulus Package Payments- March 5, 2008 There have been a lot of questions about the Who What Where and Why of the government's stimulus package payment to US taxpayers recently approved by Congress. Here are all the answers provided directly by the Internal Revenue Service on their website:Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million individuals. The stimulus payments will go out through the late spring and summer.The vast majority of Americans who qualify for an economic...http://www.savings-investor.com/2008/03/answers-about-governments-stimulus.html Wachovia Bank's Way2Save Savings Program with a 5.00% APY- March 4, 2008 Wachovia Bank has a savings program called Way2Save that links a Wachovia checking account to a Way2Save account and credits the account $1 for each check card purchase, automatic debits from your checking account, and online bill payments. To build balances even faster, you can set up an automatic transfer, up to $100 each month, from your checking to your Way2Save account. During the first 3 years of the Program, a special interest rate and Annual Percentage Yield (APY) will be offered and...http://www.savings-investor.com/2008/03/wachovia-banks-way2save-savings-progam.html Best Sites for Finding Money Market Rates- March 3, 2008 The best sites for finding bank money market rates are those sites that keep it simple and include comprehensive up-to-date information. Surprisingly, Bankrate.com fails both test miserably. Bankrate.com forces the user to go through menu after menu to finally find a money market rate table that is not sorted by the highest rates and worse of all does not include all the banks listed on other sites. Sites where a savings investor can find a high yielding bank money market account...http://www.savings-investor.com/2008/03/best-sites-for-finding-money-market.html Money Market Mutual Fund Safety from AARP, Vanguard, Fidelity, and TIAA-CREF- March 3, 2008 Wells Fargo & Company announced that it has taken a $39 million loss on Structured Investment Vehicles (SIVs) which were used in the portfolios of a number of their money funds. The $39 million is not devastating to company who holds over $106 billion in money market mutual funds, but is another example of money fund managers extending their risk tolerance to grab extra yield in an investment that most investors consider completely safe.Investors have relied on the historically-stable $1...http://www.savings-investor.com/2008/03/money-market-mutual-fund-safety-from.html |