http://jumbocdinvestments.com/cd_rates_blog Blogging through the CD Interest Rate World Thu, 28 Aug 2008 20:51:17 +0000 http://backend.userland.com/rss092 en Updated: 8/28/08. EmigrantDirect's saving rates is moving up the scale finally. Althought it isn't the top rate I've had an account with them for a couple of years now and I love it. Currently it is at 3.00% APY. This savings account works really well. You link the account ... http://jumbocdinvestments.com/cd_rates_blog/2008/08/28/emigrantdirect-savings-rate-updated-aug-2008/ I have updated our Historical CD Rates. The data is now through 7/31/08. As everyone knows, rates tumbled starting in December 2007. With the continued weaknesses in banks and continuing mortgage problems, it is unlikely the Fed will be changing rates soon. Naturally, since 2008 rates are lower, the average ... http://jumbocdinvestments.com/cd_rates_blog/2008/08/22/updated-historical-cd-rates/ Many commentators are saying we've hit bottom. I'm not so sure. Anyway, here are some links to articles out there. First, from CNN, an article about the dreaded Stagflation or maybe just stagnation. http://money.cnn.com/2008/08/19/markets/thebuzz/index.htm?postversion=2008081911 It appears that our economic gloom is finding its way around the world. ... http://jumbocdinvestments.com/cd_rates_blog/2008/08/19/have-we-hit-bottom/ Another Bank, First Priority Bank, FL (FDIC# 57523) was taken over by the FDIC on Friday, August 1, 2008. The insured deposits have been transferred over to SunTrust Bank, Georgia (FDIC# 867). This follows another takeover a couple of weeks ago of First National Bank of Nevada and First Heritiage ... http://jumbocdinvestments.com/cd_rates_blog/2008/08/04/calculating-fdic-insurance/ Updated 8/04/08. Washington Mutual or WaMu as they are called, has a nice Savings Account Rate. I'm not a fan of the higher yield savings rates because they tend to bring in the funds and then lower the rate. However, most of them allow for electronic transfers, so if the ... http://jumbocdinvestments.com/cd_rates_blog/2008/08/04/washington-mutual-wamu-savings-account-rate-2/ FNBO Direct is the internet arm of First National Bank of Omaha. They are currently offering an attractive internet savings account rate of 3.50%. FNB of Omaha is a good size bank with $9.4BB in assets and a very healthy profit of $99MM in the first quarter. They are well capitaized. ... http://jumbocdinvestments.com/cd_rates_blog/2008/07/29/fnbo-direct-savings-rate/ [Update 7/14/08 6:40 AM PST-- It appears that IndyMac's website is functioning now. The new name, IndyMac Federal Bank, FSB is noted at the bottom. The website has a link to the FDIC info about the failure. From what I can tell, the non-brokered funds have been transferred to the ... http://jumbocdinvestments.com/cd_rates_blog/2008/07/14/indymac-bank-closed/ Still working on the newsletter. We've been looking at bringing on some additional products and services, and that research has been taking up quite a bit of time. Hopefully, over the next months, you will see some fruits of that. In the meantime, here are a couple of sites you can ... http://jumbocdinvestments.com/cd_rates_blog/2008/07/08/passing-around-some-link-love/ Countrywide Bank is offering high rates on their savings accounts, money markets and CDs. [Side Note: On 7/01/08 Bank of America completed its acquisition of Countrywide Financial Corp. At this point, Countrywide Bank is remaining separately insured from Bank of America. However, it is likely that at some point it will ... http://jumbocdinvestments.com/cd_rates_blog/2008/07/08/countrywide-bank-savings-rate-updated-7808/ I was reading Dwight's daily post at WesCorp. And he is commenting on the Unemployment report (not good BTW). While the initial reaction to the Unemployment Report was one of relief, the fact remains that this was a very ugly report. There was nothing to feel good about. The survey that ... http://jumbocdinvestments.com/cd_rates_blog/2008/07/03/i-just-can-not-believe-this/