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Discover Bank Hikes CD Rates

Discover logoDiscover Bank used to regularly rank among the best nationally available CD rate offers.

But for well more than a year (and much longer than that in some terms), this online bank owned by the credit card company has not been competitive.

That started to change this spring, when Discover increased a number of long-term CD rates.

Last month, it boosted its 12-month offer. And today, it hiked a number of terms.

Discover Bank (www.discover.com) is back in the picture. Click here to read more

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Credit Scores Could Rise For Many

magnifying glass over a credit score imageIf you have medical debt, you probably could stand some good news. So here goes: You could soon see a bump in your credit score by about 25 points.

That may be enough to qualify you for lower interest rates on consumer loans.

This potential increase is possible because Fair Isaac Co. — at the urging of the Consumer Financial Protection Bureau — is revamping the methodology it uses to create its industry-dominant FICO credit scores. Click here to read more

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Top 5-Year ARM Available In 50 States

mortgage rate chartWe’ve brought mortgage deals bank to Bankaholic. And our pick for this month’s adjustable rate mortgage offer is certainly worth a look.

Consumer Direct Mortgage charges an initial 3% on a 5-year, adjustable-rate mortgage for purchase or refinance.

The deal comes with no points or fees. In fact, borrowers will even get a $574 credit. Click here to read more

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National Deal: 2-Year CD Pays 2%

Woman holding up a piggy bank with money coming out of it.New Jersey-based XCEL Federal Credit Union hits 2% with its special 24-month CD rates, available to savers in all 50 U.S. states.

The XCEL CD pays nearly three-quarters of a percentage point more than the top nationally available 24-month offer on our CD Rates Leaderboard.

A $10,000 minimum deposit of new money — funds not already on deposit with the bank — is required. Click here to read more

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Take Less Salary For More 401(k) Cash?

Poll QuestionA new survey from Fidelity Investments has found that four in 10 American workers would accept a lower salary for a higher employer contribution to their 401(k).

What’s more, only 13% of the 1,027 over-25 workers surveyed said they would take a job without a company match, even if the salary was higher.

While we’re impressed with the dedication to retirement savings that this and other recent studies have shown, we’re also a bit perplexed. Click here to read more

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Two Banks Share Top 12-Month CD

pile of cashWe’re eight months into 2014, and 12-month CD rates simply refuse to top 1.10% APY.

Unfortunately, they’re far from the only CD term frozen in place.

Similar to July, two banks lead the 12-month term on our CD Rates Leaderboard with a 1.10% APY offer.

Only the names have changed in August. Click here to read more

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The GM Rewards Credit Card Is Back

Several auto manufacturers offer co-branded reward credit cards.The General Motors rewards credit card — now under a different name and with a different bank issuer — is back in its third formulation.

While I can’t say it’s “better than ever,” the new version — called the BuyPower Card from Capital One — is much better than the previous version and still pretty generous, if not as good as the original. Click here to read more

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Highest CD Rates Roundup For Aug. 15

Bringing you the very best CD rates from credit unions and local banks.Banks lost interest this week in fidgeting with their CD rates. Even EverBank!

In fact, just two of the dozens of banks we’re monitoring for our CD Rates Leaderboard changed their rates. Both were increases. Click here to read more

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2014 CD Rates: The Great Wait

Are banks throughout the country waiting for something?

We ask because CD rates have all but frozen in place for a full year now.

In fact, the first half of 2014 saw less movement in average CD rates than we’ve seen during any six-month stretch in the last three decades.

To reach this conclusion, we examined historical data for 1-year and 5-year certificates dating back to 1984 (and 3-year CD data to 2001). Click here to read more

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