bank rates

« Archive for the ‘Investing’ Category

6 Safe Places to Invest Your Money

It might be tempting at times to dig a hole in your backyard and bury your savings, even when the stock market is on a rally these days. But if you pick safe places to invest your money, you’ll know at all times how it’s performing for you.

Stocks Pull 401(k) Plans Down A Little

The average 401(k) balance fell from $91,800 at the end of March to $91,100 by the end of June, according to Fidelity Investments, a Boston-based mutual fund company.

Budget Fight Delays I Bond Calculation

The federal government shutdown has made it harder to predict how much Series I Savings Bonds will pay over the next six months.

Bill Gross Says Interest Rates Will Remain Low Next Year And For Decades To Come

The renowned bond fund manager doesn’t think we’ll see short-term interest rates increase by even 1% by the end of 2014.

Moving IRAs Involves Some Tricky Details

A signature stamp is often required on the paperwork you submit to brokers and mutual funds when you want to transfer an IRA to a bank.

Wall Street Needs A History Lesson

I’m always amazed how little Wall Street ever learns from the past.

I Bonds Will Pay 2.2% Over Next 6 Months

In a move that should surprise exactly no one, the U.S. Treasury today set the fixed rate at 0% on all Series I Savings Bonds sold today through October.

Corporate Demand Notes Aren’t For Me

I sometimes question whether I’m too attached to federal deposit insurance, particularly for short-term investments.

Lead Narrows In I Bond Vs. CD Rates

It looks like Series I Savings Bonds will pay a bit less beginning next month. But they remain a better option than all but the best local and credit union CD rates.

Do I Still Need TreasuryDirect?

Last year, I wrote that paltry yields had made buying U.S. Treasury securities — most of which earn less than the best-paying CDs — unattractive for me.

We Are Not Saving Enough For Retirement

A new study out of the National Bureau of Economic Research shows what a train wreck do-it-yourself retirement is going to be. Its survey of 1,500 Americans conducted during the summer of 2009 shows that many of us aren’t even saving for everyday emergencies, much less retirement.

Will Series I Bonds Make A Comeback?

It wasn’t that long ago that returns on the Treasury Department’s Series I Savings Bonds looked pretty good. But then inflation fell to next to nothing, and rates on Series I Bonds plunged. Through April 30, they’re set at 0.74%, about the same annual yield you’d see from the average 24-month CD. That’s pretty weak. […]

Use Death To Beat FDIC Insurance Limit

When you’re as old as I am, you focus on your own mortality. You also worry about protecting your nest egg. That’s why I like “payable-on-death” accounts (sometimes called “in trust for” or “Totten trust” accounts). These accounts are a way to pass on assets outside probate (but not tax laws). They also have separate […]

TreasuryDirect’s Great; Its Yields Are Not

I’d planned to buy a 5-year Treasury note recently using TreasuryDirect. Just before the auction, however, I changed my mind and put my money into a 2-year bank CD instead. Treasury yields are just too paltry. When the financial crisis hit in 2008, I had virtually every penny I owned (outside of my IRA) invested […]

Rate On Series I Bonds Plunges to 1.74%

We couldn’t help but notice when the return on Series I Savings Bonds soared to 3.36% last fall. These government bonds, with an interest rate that resets every six months to reflect inflation, were suddenly paying more than most CDs. Back then, conservative politicians and economists were warning that all of the reckless spending in […]