Carter Bank and Trust’s CD Rates – Virginia and North Carolina

Carter Bank and Trust of Virginia and North Carolina is offering some decent CD rates when compared to today’s national average as well as the top rates from our database of online banks.

Founded in just 2006, Carter Bank and Trust already has a huge presence in these two states. Their corporation formed through the merger of 10 banks with 124 offices in Virginia and North Carolina. Despite it’s vast presence Read more…

First Up-Tick in Savings Rates We’ve Seen So Far in 2012

Not sure if many of you have stopped by our savings rate database lately, but we have a new champion in rates. Currently CiT bank has just surpassed Barclays as the highest yielding online savings account with a 1.05% APY on balances of at least $25,000.

This is somewhat surprising timing for an uptick in savings rates given the latest announcements from the FED reaffirming the 2014 timeline for raising Read more…

Tampa Bay Bank Giving Away New Benz with 5 Year CD – Really!

Ok, so we’ll get to the catch right away – you need to open the deposit with $1 million.

The former “Community Bank” of Tampa Bay, Florida, is now rebranding themselves as “C1 Bank” and have issued this promotional offer as a grand-opening bonus….and to get themselves a little media attention.

The deal may not be all it’s cracked up to be though.

When you break down the annual percentage yield Read more…

Is Your Bank Acting As a HedgeFund?

If you bank with Chase, then the answer is likely yes.

Just today a number of congressmen and women demanded additional banking regulations in the wake of Chase Bank disclosing trading losses.

Chase – a commercial bank – has in the eyes of many, and particularly Michigan-Senator, Carl Levin, acted as a hedge fund with consumer deposits and cheap federal capital.

If you’re a deposit investor with Chase Bank, you’ve undoubtedly Read more…

Long List of 5 Year CDs in Michigan Well Above National Average

There’s quite a large number of local banks and credit unions in the state of Michigan with 5 year CD rates that are beating even the top 5 year online CD rates by quite a significant margin.

So far in 2012, the top 5 year CD rates from online banks have peaked out at 1.80%, however, the top rates in Michigan for this particular term have sat comfortably Read more…