The Federal Reserve this week re-affirmed the bad news it delivered to savers earlier this year, but at least it didn’t make things any worse.
Its rate-setting committee met for the final time in 2011 on Tuesday. It left the meeting declaring that the “economy has been expanding moderately.”
However, the improvement to the economic outlook wasn’t enough to cause the Fed to back off its August announcement to hold interest rates at record lows at least through mid-2013.
Indeed, the rate-setting committee restated its intention to maintain the status quo.
That re-affirmation shouldn’t trigger a huge decline in CD rates like that which occurred following its summer blow to savers.
We’ve seen a bit of settling since the fallout from that episode ended. In fact, we
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Tags: 2011, Leaderboard Dec
Our natural inclination when this time of year rolls around is to spend now and worry about it later. After all, it’s the season of giving and who wants to stress about paying bills when you’re shopping for junior’s bike?
Unfortunately, that kind of thinking is what led our country (and a lot of the world) into the current financial funk. And if you’re really honest with yourself, what causes more stress – setting a budget ahead of time for the holidays and sticking to it as much as possible, or spending freely and not really knowing how long it’s going to take you to pay it off?
How do you make a shopping budget for the holidays?
Go back in time.
Check out your receipts from last year (chances are you bought a lot on credit cards, so this is easier than you think) and add it up. Be careful n
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In the land of low interest rates, savers hustle and bustle to find a high yield that still keeps them under the safe umbrella of the Federal Deposit Insurance Corp. Should investors remain in the shelter of a money market account, or should they risk a little more with a money market mutual fund? What about a CD?
In order to better understand these options, we asked Maclyn Clouse, Ph.D., the Sorensen Distinguished Professor of Finance at the Daniels College of Business at the University of Denver for his thoughts. He sheds some light on the subject of low-risk investing in the current market.
Money market shares fell due to the effects of the economic crisis in 2008, and as a result new rules were implemented. I
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Tags: Should, Should Use
Lake Chem Community Credit Union rewards its members for going about their everyday lives. With their 1.00% APY checking account rate, Marshall County residents are free to take care of monthly bills and weekly purchases while receiving high returns in the process. When resources are tight, it’s important to take advantage of every opportunity to save money and earn money.
Checking Account Rate Terms and Conditions
Depositors must supply a minimum $100 initial deposit to open a Lake Chem Community Credit Union checking account. To earn dividends at the 1.00% APY checking account rate, members must maintain a minimum daily balance of $500. D
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Tags: Apy, Community Credit, Community Credit Union, Credit Union
POUND
Sterling is trading slightly down against the Euro this afternoon but remains within 1.57 against the USD. Concerns that the UK economic outlook will deteriorate further as a result of the euro zone debt crisis is continuing to heat up . Mervyn King said yesterday that UK banks should build up capital to insure against the “exceptionally threatening” situation developing in the Euro zone which could well halt growth in the UK economy.
EURO
The Euro is trading slightly stronger against the pound today and is up nearly half a percent vs. the USD. In most recent news within the member state Angela Merkel called for a rapid EU treaty change to resolve the root causes of the euro zone’s debt crisis but warned the Europeans faced a long hard “marathon” to restore credibility. She dismissed a massive US Fed style “money printing programme” and defended the Euro stating it was much stronger than the deutschemark. French and Ge
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