1.55%
1.51%
1.50%The Federal Reserve recently cut the Federal Funds Rate by 1/2 a percent, from 5.25% to 4.75%. This rate is the rate at which banks charge each other for overnight loans.
Banks will now in turn lower their prime rate, which is the best rate that they offer on loans to their customers.
This means a [...]
Archive for October, 2007
Fed cuts the Federal Funds Rate
October 2, 2007
Bank the Internet – 5.17% APY – 6 Months Best CD Rate
October 2, 2007
Bank of the Internet currently has a great CD rate at 5.17% APY on their 6 to 8 month CD. 12 to 17 month CD rates are somewhat less at 5.11% APY.
CD rates have dropped since the Federal Reserve cut the prime rate by 1/2 a percent. Read more about this in Investment [...]