Savings and Investment Column

• With Bank Rates Low, Is Peer-To-Peer Lending Right for You?

  The fast-growing P2P industry connects ordinary investors with borrowers and promises rates of return far beyond those of CDs and money market accounts. But know the risks before you invest.

• Protecting Cash Investments: 6 Things To Know About Bank Deposit Insurance

  Make sure all the money in your money market, CDs, checking and savings accounts is fully insured.

• Money Market Accounts: 6 Things You Should Know Before You Open One

  Compare rates, restrictions and fees when shopping for the best place to open a money market account.

Best Bank Deals

• The Baldwin State Bank

  The Baldwin State Bank has a 1-year certificate of deposit (CD) with a 1.51% annual percentage yield (APY) for balances of $20,000 and up. Other CD rates for 1-year deposits are 1.36% for deposits of $5,000 to $20,000 and 1.16% for under $5,000. Other tiered CD rates and terms include: 3 months - 0.85 APY for $20,000 and up, 0.7% APY for $5,000 to $20,000, and 0.55% APY for under $5,000 6 months - 1.06% APY for $20,000 and up, 0.9% APY for $5,000 Read More >>

  August 30, 2010

• Farmers State Bank

  Farmers State Bank has an e-checking account that earns 3.51% annual percentage yield (APY) on balances up to $25,000. You can open the free checking account at one of the three Minnesota locations. Details of the offer include: Balances over $25,000 earn 1.01% APY $25 minimum opening deposit Up to $25 in ATM fees refunded each month No monthly fees Personal checking account customers only To earn the 3.51% APY ban Read More >>

  August 27, 2010

• ING Direct

  Open an Electric Orange checking account at ING Direct and you could earn a $50 bonus. You need to use reference code EM522 when you open your account online. To earn the bonus you must activate an Electric Orange Debit MasterCard and make three signature-based purchases with it within 45 days. The $50 bonus gets credited to your account on day 50. Other details of the checking account include: No minimum balance requirement No monthly fees Pay bills online free Free transactions at 35,000 ATMs Read More >>

  August 26, 2010

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