Updated 4/17/19: American Eagle Bank of Chicago (FDIC# 58514) currently is offering a Platinum Money Market Account- 6 month NEW money Bonus Interest Rate at 2.0%. You can view their products here: American Eagle Bank Updated 1/3/08. American Eagle Bank of Chicago no longer has a high Money Market Rate promotion. However, their sister bank [Read More…]

From Wescorp: “Inflation Moderate, Housing starts up – CPI was slightly higher than expected at 0.2%. The report showed that energy prices fell, gas prices dropped, food prices rose, housing costs rose, apparel dropped and autos were unchanged. Core CPI (ex food & energy) was also 0.2% bringing the y-o-y reading to 2.2%. Builders unexpectedly [Read More…]

The Office of the Comptroller of the Currency (OCC) has created a new website with information on National banks. It also gives you a mechanism to file a complaint. Non-national banks, state chartered banks, savings & loans, etc. are not regulated by the OCC so it gives you some other agencies to contact if your [Read More…]

Updated 3/23/2020 EmigrantDirect is a division of Emigrant Bank in New York, established in 1850. As an internet-only bank, EmigrantDirect offers its customers quick and safe access to their funds at any time through online banking. This savings account works really well. You link the account to another bank account, such as where you do [Read More…]

Updated 3/26/2020 Here some bank CD rates available in Michigan: Institution Term APY FNB of America 5-year 1.85% FNB of America 1-year 1.55% FNB of Michigan 18-month 0.75% Brokered Rates* 1-year 1.35% Direct Bank* 5-year 1.44% Direct Bank* 2-year 1.30% Direct Bank* 1-year 1.20% 7/2007 There have been quite a few banks in MI offering [Read More…]

Freedom is thirteen stripes and fifty stars A uniform decorated with ribbons and bars An Iowa farm with its fields of corn Church bells ringing on a Sunday morn Freedom is over head missiles, a battle group at sea For the price of Freedom has never been free It’s Marines and Soldiers hunkered in a [Read More…]

Updated 3/23/20 HSBC Direct’s current savings rate is 1.70% APY. The account needs to be set-up on-line. Keep in mind that your actual earnings will depend on how long you leave the funds in the account. They are quite a large bank with over $182.1 Billion in assets. In the US, they have multiple FDIC#s, [Read More…]

Today the FOMC left the overnight lending rate that banks make to each other at 5.25%. This is the eighth time they have not changed the rate. The last time rates were changed was last year on June 29, 2006. They cited the concern that inflation has not decreased as much as they would like. [Read More…]

Both the FDIC and NCUA have insurance limit estimators so that you can verify all of your CD investments and other accounts at institutions are insured. Before investing any funds in a bank or credit union first make sure you can verify they are federally insured. A bank will have an FDIC# that you can [Read More…]

Here is an update on treasury yields, “The 2-year yield is down to 4.82%, the 5-year 4.90%, and the 10-year is up 12/32s to yield 5.03%. That 10-year yield is down a whopping 30 basis points from where it was just two weeks ago.” The fact is the underlying conditions haven’t changed. The media can [Read More…]