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Posts Tagged With 'Bank Rates'

The most suitable bank rates for you

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 more…

Of Bank Rates and Bonuses

As the banking industry weighs its options for fighting the proposed federal tax on large institutions, it???s worth looking at one of the underlying issues which prompted the proposal ??? executive bonuses.

Ostensibly, the purpose of the tax is to recoup some of the money spent on rescuing the banking industry, and in doing so start??to address a federal budget decificit which has ballooned over the past decade. Politcially though,??what gives the??proposed tax some??real momentum is outrage over the bonuses being paid to Wall Street executives so soon after many of their firms had to be rescued from the brink of disaster.

This issue concerns depositors, because those??bonuses can indirectly impact savings account rates, money market rates, and CD rates.??Basically, it is a question of balancing competing costs ?????should a bank put more resources into??attracting depositors with higher bank rates, or should they use those resources to reward executives?

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