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 3/26/2020 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…]

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…]

IndyMac has a nice 7-month CD rate of 5.31% APR / 5.45% APY. They are quite a large bank with over $29 Billion in Assets. Their Certificate rates website is IndyMac Bank Their FDIC# is 29730 Updated 8/03/07

We’ve seen the inversion on CD rates practically be wiped out. But, for the most part, Banks and Credit Unions still aren’t paying a big premium for the long-term rates vs. the short-term. We’ve seen the highest 1-year CD rates move to the 5.50% APR range. Outside of some specials, the 5-year is at 5.60%.