Banks for You!

Blue Hills Bank provides a money in the bank opportunity with their money market account which has competitive interest rates. This money market deal has the following current interest rates:

• $10 to $2,499                0.10% APY
• $2,500 to $9,999           0.60% APY
• $10,000 to $24,999        0.90% APY
• $25,000 to $999,999      1.00% APY

You are required to deposit a minimum of $2,500 to open an account. An average daily balance of $5,000 must be maintained in order to avoid the monthly service fee. This money in the bank deal allows you to write up to 6 checks per month. In case you exceed this limit, you will then have to pay for a fee whenever you a write check.

The bank allows you to manage your account by subscribing to free online banking. You can check the activities on your account and even pay your bills online for free. You also get to receive you monthly statements electronically for free. Please note that once the account is opened the interest rate may change, so make sure to contact the bank and ask for their latest money market rate.

Individuals who want to take advantage of this best money market rate has 3 ways to open an account. You may complete th

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Rate information contained on this page may have changed. Please find latest CD Rates.

Besides the sun, beach, and oranges, Florida has 286 banks and 177 credit unions headquartered in the state. With that big of a financial presence, one would expect to find some pretty decent CD rates. The average national 5 year CD rate is 1.60% APY while the highest rate in the country at the moment, from a bank is 2.80% APY and from a credit union 3.230% APY (a Texas credit union). What are the best rates in Florida?

• Citizens State Bank has the top bank CD rate in Florida. It is offering a 60-month CD paying 2.53% APY with a $1,000 minimum balance. The bank was founded in 1958 and has approximately $100 million in assets. Citizens State is headquartered in Perry, Florida and has two other branches, one in Madison and the other in Steinhatchee, FL. Financially, the bank has a Texas Ratio of 32.37% versus the national average of 21.06%. That’s down from a Texas Raatio of 60% in 2010. The bank is growing, with assets expanding from $71 million in 2006 to $100 million in 2011.
• Floridian Community Bank, Inc. is next with a 60-month CD paying 2.27% APY with a $1,000 minimum balance.

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The surprise 0.25% cut in the European Central Bank’s base rate to 1.25% sends a further signal, if any were needed, that rock-bottom interest rates in Britain are here to stay. Analysts are pencilling in further crisis-driven rate cuts by the ECB while the US Federal Reserve has already stated it will not raise rates until 2013 at the earliest.

For borrowers with tracker mortgage deals, it is good news. The flipside is that pain for savers will continue for longer. Pensioners relying on returns from deposit accounts will continue to suffer, with payouts less than the rate of inflation.

One option is to gamble on an inflation-linked savings bond. The popular National Savings & Investments deal has been pulled, but the Post Office continues to offer a bond which offers RPI (inflation) plus 0.25%. The drawbacks? RPI is 5.2% now, but economists expect it to start falling soon, while the Post Office bond locks your money away for three years.

Despite the turmoil in Greece, the FTSE100 rose by 1.1% to 5545 and the market remains 10% above its October lows.

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The Wachovia Bank CD rates are the subject of this review from Highest CD Rates today. It was observed that the APY’s being earned by the different terms went up in some instances and down for other terms. This inconsistency by the Wachovia Bank certificate of deposit rates requires the investor to be aware of just where they are placing their money before making a decision.

The current CD rates for the standard CDs include the 3 month CD that is earning an APY of 0.05%. The 6 month CD is earning an APY of 0.05%.

The 1 year CD is earning an APY of 0.05%. Each of these CDs requires a minimum deposit amount of $2,500 at the time the account is opened.

The current promotional CD rates include the 11 month CD that is earning an APY of 0.15%. This CD renews as a 6 month CD. The 26 month CD is earning an APY of 0.40%. This CD renews as a 2 year CD.

The 35 month is earning an APY of 0.70%. This CD renews as a 2 year CD. The best CD rates are from the 58 month CD that is earning an APY of 1.15%. This CD renews as a 4 year CD.

Each of these promotional CD requires a minimum deposit of $5,000 to open an account. A

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Massena Savings & Loan is pushing for the best interest rate with their money market account. The bank lets you earn an interest rate of 1.02% APY when you open an account and make an initial deposit of at least $2,500. You must also maintain a daily balance of $2,500 or more in order to earn this best money market rate.

The dividend of this money market deal is compounded and paid on a monthly basis. Federal regulations allow you to make up to 6 transfers or withdrawals per statement cycle. You can make pre-authorized, automatic, telephone, or check transfers or withdrawals from the account. You will have to pay for a certain fee whenever you make a transaction when you already exceed the limits for transfers and withdrawals.

The bank also provides another benefit that you can take advantage of, and this is to manage your own account by simply signing-up for online banking. You can check your transaction history, view your electronic bank statement, and even pay your bills anytime you need to. Please do remember that this interest rate of this money market account is subject to change anytime without prior notice.

You will be required to visit one of the bank’s branch to open an account. M

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