There's a game of one-upmanship in terms of who's offering the best yields, ... Every household needs a liquid savings account in a place where you can keep up with inflation and the Internet is certainly a powerful platform to market to customers in a cost-effective way. |
There's a game of one-upmanship in terms of who's offering the best yields. Every household needs a liquid savings account in a place where you can keep up with inflation and the Internet is certainly a powerful platform to market to customers in a cost-effective way. |
There's no incentive to go into that longer maturity now. |
These are not things that are subject to price competition. No bank is going to advertise low bounced-check fees. |
These are really drawing investors attention, because for the first time in years, you are actually earning something after inflation. |
They do have some attractive features relative to the other cards in the industry. |
Think of all the demands on each of your paychecks. There are bills that have to be paid, you have to manage your debts, hopefully pad your savings a bit and still save for retirement. |
This has been a good time for CD investors. It's long overdue. Income-dependent investors like retirees are seeing their cash investments finally bear fruit. |
To be able to lock in those kinds of returns — without risk — is attractive to investors at a time when bond investments are lucky to be break even. |
We can thank our friends at the Fed because the interest rate increases they have made are pushing credit cards and other rates such as home equity lines of credit higher. |
We'll continue to see some movement in response to anticipation of future Fed rate hikes. |
What we're seeing here is a growth in the punitive type of fees. The fees are really going to get you if you step outside the bounds set by financial institutions. |
Whatever that percentage, any increase in the minimum is significant. People paying the minimum are doing so for a reason: Money is tight. |
When the yield curve inverts, banks' funding costs rise above what they earn by lending. This can produce a credit crunch. |
When you are looking to trim your debt portfolio in a falling rate environment, you keep your maturities shorter. |