• Many banks, many rates: what you can do in this situation

    Many banks, many rat...

    When you want buy a savings account or CD, you’ll find many profitable offers and rates offered by banks. When you secure your hard earned money in a bank it is important to know whether the bank you put your money in can give you the best offer compared to other banks. First you need to do a needs analysis for yourself you must be very clear in your mind what you are looking for. How much risk you can take while investing in a certain deposit or a bank. By going to open a...

  • What you will get with private banking

    What you will get wi...

    When you need to use a private bank, you as potential investor should wait nothing less than the ultimate financial competence and personal attention. After all, private clients are often the most lucrative customers who no bank wants to see they go. As a holistic system the private banking directs to be a one-stop shop for financial needs of wealthy people. If the private bank does not normally provide a service, it is obtainable elsewhere, calling contacts confidence. You can get...

  • How to find the best savings account interest rate

    How to find the best...

    As a customer you should know some important things when you are looking for the next savings account with interest rates. The process of finding the best savings account interest rate differs with the economy, they are sometimes pretty decent, sometimes they are less decent. When you want to save a little amount, a bank account is simply the best place to put it. The Federal Deposit Insurance Company insure all these deposits, so if the bank fails, your money will be refunded very...

  • The most suitable bank rates for you

    The most suitable ba...

    Clearly, today, with very low interest rates being offered, finding a bank that will give you the highest possible rate for your savings account and control is very important. Some banks have higher rates than others, to find the top one is important to maximize your return on investment. Today, you can find a few banks that still propose savings accounts, because almost all of them have found new evidence such as certificates of deposit, loan, etc. Read...

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IMF warns over rock-bottom interest rates

The International Monetary Fund has warned central banks to be alert to potentially damaging side-effects of ultra-low interest rates and “unconventional” measures to boost growth after the deep slump of 2008-09.

While backing the use of exceptional action to prevent the collapse of the financial system, the Washington-based organisation said risks would increase the longer the stimulus was kept in place.

The IMF used a chapter in its latest global financial stability report to note that rock-bottom interest rates and purchases of government bonds might be shifting instability from banks to other parts of the financial system or to other parts of the global economy.

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Links Apr 5

BVI not responsible for leak of sensitive financial information – gov’t BVI News
A response to the International Consortium of Investigative Journalists (ICIJ) offshore financial secrecy project. The BVI in full head-in-the-sand denial mode.

France: Cahuzac Swiss bank account scandal threatens Hollande’s presidency BBC See also:
Ex-minister lets Swiss pass bank data to France swissinfo

As Banks in Cyprus Falter, Other Tax Havens Step In New York Times

Cyprus Considers Corporate Tax Break To Retain Business Tax-News

Australia to force multinationals to disclose tax arrangements The Guardian

Afghans warned: the taxman is coming after you Reuters

UK MPs Criticise Pakistani Tax Avoidance In Aid Row Tax-News

‘Secrecy-Cloaked Companies’: Deutsche Bank Criticized for Offshore Operations Der Spiegel

Barclays tax avoidance division generated £1bn a year – Salz review The Guardian

Money-Laundering Banks Still Get a Pass From U.S. Read more…

What is the Average Savings Account Interest Rate?

To aid in the stabilization of the economy, the Federal Reserve has severely reduced the Federal Funds interest rate through 2015 to a paltry 0.00-0.25 percent unchanged since 2008. This number directly affects the interest rate you can earn on your savings account, as bank rates tend to follow this benchmark closely.

U.S. Average Savings Account Interest Rate

The interest rate that banks offer is their choice. Historically, online banks have offered their customers a higher interest rate because they have lower overhead costs due to the fact they do not have to pay rent on their local branches. Throughout the entire industry, however, the national average bank interest rate for savings accounts is only .21 percent.

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American Express Gift Card Promotion & Fee Waiver Codes

Many moons ago, you could buy Presidential $1 dollar coins from the Mint using your credit card. This was a great way for card holder to basically get cash back or reward points for free. The only cost to you was that youd have all these dollar coins that youd have to spend or otherwise deposit back into your bank. Banks hated this. I purchased a batch so we could use them at our local bagel shop, farmers market, and other places where you could use credit. After doing this once, I realized how much of a pain it was and so when you couldnt buy the coins anymore, I wasnt that disappointed.

Well, it turns out theres another way to spend without really spending American Express gift cards. The downside to this strategy is that buying the cards comes with a fee.

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3.10% APY High yield checking account with Laramie Plains Federal Credit Union

Laramie Plains Federal Credit Union is still offering a competitive interest rate for their reward checking account which is called Ultimate Checking account. This money in the bank deal is tiered and it has the following current interest rates:

  • 3.10% APY is earned on balance of $0 to $25,000 and all requirements are met
  • 0.25% APY is earned on the portion of the balance above $25,000 and all requirements are met
  • 0.05% APY is earned on your reward checking account if requirements are not met

This best checking account does not require any minimum balance to open an account, and it is available to all members of the credit union. In case you did not meet the monthly requirements, do not worry because there will be no penalty charged on the account.

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Are Private Traders Trailing Behind?

Whenever we talk about trading, a lot of people automatically assume that you have to go big to earn more and be better. The comparison between an institutional trader and a private trader has often been studied to help determine who can be more profitable. For a person who has not been that exposed to the ins and outs of the stock market, it could be easier to conclude that you need to be backed up by a reputable institution for you to be able to trade properly. Is there truth to this concept? The Online Trading Academy attempts to find out if the private trader is at a disadvantage in the stock market.

A popular trader once said that “a trader cannot have an ego.” What exactly did he mean by this? It simply means that if you want to be successful at trading, then you are not allowed to feel too pompous about yourself and the things you do.

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Near Peak Prices a Result of Low Supply in Edmonton

Sales of single family homes were strong in Edmonton in March – 750 homes sold through the MLS® system (down slightly from 766 last year). If there were more homes on the market, that showed well, I am certain this number would be higher. My stats show the inventory of single family homes on the market are the lowest we’ve seen in March since at least 2009 (unfortunately I didn’t start tracking this stat until 2009 but I suspect this is the lowest level since 2007).

Condos sales were up from last year – 365 condos sold in Edmonton in March compared to 319 last year. When we see upward pressure on single family home prices and demand, condo sales tend to improve as buyers seek more affordable options.

The average price for single family homes sold in Edmonton in March was $405,779 (up from $389k last year and $393k last month) – the highest average price we’ve seen since October 2007, putting us close to peak prices.

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