
In a move designed to offset its competitors, www.Money-Rates.com recently restructured its corporate Web site to include personal finance information as a supplement to its already extensive selection of bank rate reports. The decision, according to company Web site editor Clark Schultz, was intended to place focus on quality content and minimize the amount of advertising visible to the site’s visitors.
“When people search for answers to their personal finance questions, the Internet is often the first place they go,” Schultz says. “When they get there, the last thing they want is to encounter a complicated mess of advertisements, and that’s the reason we chose to take a content-focused approach rather than an advertisement-intense approach.”
Money-Rates.com, a leading source of bank rate, finance and investment information, has been profiled in such prestigious publications as USA Today, Newsweek, and the Wall Street Journal. Unlike many of their competitors, money-rates.com gives consumers up-to-date rates on bank CDs, money market accounts, checking accounts, and savings accounts instead of gratuitous advertising.
“Do we have advertisers that contribute to our business? Of course. We don’t, however, place advertisements on our Web site in a manner that is distracting. We take pride in giving people exactly what they need — in the area of finance, that means up-to-the-minute bank rate information in a straightforward, easy to understand manner.”
In addition to bank rate information, Money-Rates.com provides visitors with financial news and informational articles. The mix is designed to give individuals an objective look at their personal finance options without the subjective angle that many of the company’s competitors take. This, along with the fact that the company lists all FDIC-insured banks regardless of their attachment to Money-Rates.com, is a key element of consideration that company officials examined while re-designing their Web site.
“It’s so easy for financial institutions to lean toward their advertisers; to give people information that slightly favors certain institutions,” states Schultz. “In an industry such as ours, where even a half-percent on a personal investment can mean thousands of dollars gained or lost, it’s so important for people to have straightforward information.”
Money-Rates.com also provides information on international rates on their Web site, including an easy-to-use currency converter for every major market throughout the world. Credit card reporting, mortgage calculators and saving portfolios are additionally provided by the company.
Watch the video related to bank rates
Peter Schiff talking about how interest rates will be forced down the American people and possibly even in the double digits. This is UNACCEPTABLE! End the FED! Americans get off your couches – turn off your football games and American Idol while eating your GMO foods and drinking your fluorinated water and TAKE BACK YOUR COUNTRY! www.infowars.com
Help answer the question aboutbank rates
Bank CD rates have been slowing rising over the last six months or so, I think, even in this economic ?meltdown we are now in. Is this going to continue, or will bank CD rates fall sharply because of all of the money the Federal government is pumping into banks that are in trouble?
October 6th, 2009 on 7:28 am
oh and a other question wats a gauntlet
October 6th, 2009 on 7:28 am
wait wats experince rate
October 6th, 2009 on 7:28 am
From 60-99 From the prices today you lose exactly (With this method);
2,392,211 gp
94-99 sharks, when you cook them you earn 32 gp proffit XD
October 6th, 2009 on 7:28 am
dude i love u vids they rock!
October 6th, 2009 on 7:28 am
a lil over 4m with this method
October 6th, 2009 on 7:28 am
um around 3m and it says in vid what food to cook if ud watch it…..
October 6th, 2009 on 7:28 am
how much money and how many fish do i need to cook for 99 from 82??
October 6th, 2009 on 7:28 am
you need to do firemaking 99 guide
October 6th, 2009 on 7:28 am
WEEEE im a vid response to this ownage guide
reli helped thanks Dan
October 6th, 2009 on 7:28 am
If you like the current loan, by all means call the bank you currently have a loan with. There are many different places to check out current rates for mortgages Just be careful and look at the points the lenders charge for those rates. You might think a lender has a good rate, but it is because you will be paying a lot up front for that rate. It pays to shop around. Good luck.
October 6th, 2009 on 7:28 am
Yes, rates remain somewhat low historically speaking. No, mortgage rates have nothing to do with the Fed Funds rate.
No, low interest rates are not to blame for people loosing their homes. Greed, timebomb loans and irresponsible borrowing and lending, declining markets and fraudulent appraisals were the real culprits. This is the perfect storm for a mortgage crisis.
Banks make there money when they originate loans (junk fees), sell the loans to FNMA and FHLMC (gain on the sale by originating at premium rates) and through servicing income (they make 0.25% per year for processing payments and performing various other admin tasks on the loans the originate.
They do not generally hold the paper as they would be exposed the the interest rate risk that caused the S&L crisis 20 years ago. That is, if you originate a loan at 6% and rates go to 7%, your 6% mortgage would be worth less than the face amount as it would have to be sold to yield 7%. It may lose as much as 10% of its value. That would errode a banks capital like nothing else and could lead to its insolvency which would threaten the deposit insurance fund.
What rates will do in the future is pure speculation. Some market analyst are calling for the 10 year bond yields to fall by the end of the year. If that happens, the required net yields on the mortgage back securities in the secondary market(which drives what rates banks can afford to offer in the retail/primary mortgage market) should fall as well.
With that being said, my finance professor told me that we, as consumers, should not speculate about what will happen with interest rates. That is, if you need to borrow and you find a rate that you like, you should take it because it may not be there tomorrow. How true that wisdom rang this January when rates dipped to about 5.375% on a 30 year for about 6 hours before they shot back up 0.5% when the stock market started its recover.
Who is really loosing money? The people who insure the loans that are going in to default; the FHA, VA and the PMI companies and some of these other companies that supposedly insured the uninsurable loans called non-prime/sub-prime loans (these companies could not possiblly have charged enough to cover the losses on the loans they insured so they are largely bankrupt) and everyone who had investments in companies that bought into these pools of sub-prime loans.
Between the diminished home equity and actual losses due to defaults, I believe the that the actual losses will be around 2 trillion dollars by the time the crisis is really over.
All those people who talk about Bears Stern being a watershed are clueless about the liabilities that Countrywide has failed to recoginize. I think there could be hundreds of billions that will be scuttled if the merger with Bank of America goes through. Another back room deal in the making in the name of the governments "too big to fail" doctrine.
October 6th, 2009 on 7:28 am
would that not create a very temporary & short term solution with a very drastic & dangerous problem shortly down the road?
If they just arbitrarily raise rates another whole point as you suggest, & hypothetically, it works & they get fresh cash. Since it will cost them that much or more to get that money, they will have to inflate the cost of lending to you & me, b/c they dont want to just break even or work at a loss. & guess who pays for that? Yes, you & me!
That "solution" will then create a much worse problem as they will continue to need more money just to make the interest payments to the high rates, & will keep needing to satisfy you by artificially making better rates available to people that will just take it & run in a year to a more stable company that is not about to declare bankruptcy. Then, they will need to start all over again. What do you think they are? the US Govt?
Are you going to invest in a company who is on the verge of bankruptcy? dont you want to help them out by putting $100k of your cash to let them pay bills that they are behind on & thier rating is droping by the minute? Do you think some people would be a bit hesitant to do so?
Institutions just cant jack up rates to any level "just because". That is a bad misconception that banks just make up rates to what ever they want them to be.
October 6th, 2009 on 7:28 am
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is:
http://umgarticles.atspace.com/debt-consolidation.htm
October 6th, 2009 on 7:28 am
October 6th, 2009 on 7:28 am
yes
but you must be good one for the bank i mean regular deposits, no credit rolling and dues they grade u based on number of such things
and if you personally know the manager it will really make a difference
October 6th, 2009 on 7:28 am
CD's are one of the worst places for retirement investing. You'll lose on the purchasing power of each dollar, over time, because of inflation & the taxes you'll pay when you pull the money out (at over ager 59.5).
Stay away from banks & insurance companies for retirement products. Here's some good mutual fund families that can be helpful;
T. Rowe Price
Dodge & Cox
Vanguard
Good luck!
October 6th, 2009 on 7:28 am
The reason you're seeing CD's and money markets going up is so the banks can have more operating money. This encourages you to invest with them and gives them more operating cash. When the feds distributes the bail out money out you'll see CD's and money markets decline. Capital One bank is now offering a 3.55% money market account. 5.8% on CD's
October 6th, 2009 on 7:28 am
Your best bet is to work with a mortgage banker/broker. The problem with going with a bank is its like going to McDonalds, you'll only get their programs and rates. If you use a broker you now have access to multiple lender/programs and you a person shopping around for the best rates and terms. Here is an example.
I just closed a client who went to Countrywide first. CW wanted the client to pay off over $16,000.00 in old collections before they would close a loan. I was able to get them the same FHA loan without having to pay all of that old debt of and saved them $16,000.