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1/27: Tuesday News and Notes

Category: News and Notes- gotalkmoney.com- 12:04 pm/ January 27, 2009

It was yet another Tuesday and that means it’s time for updates.  Here are some of the stories going around the banking atmosphere.

Dollar Savings Direct dropped their rate from 4.00% APY to 3.50% APY, making the #2 now on the top 10 money market list.  Bank of Internet now holds the #1 spot with a 3.51% APY, $100 minimum.

Here are the #1 banks for each CD –

  • 3 month:  Umbrella Bank, 2.25% APY
  • 6 month:  Ascencia, 2.95% APY
  • 1 year:  Flagstar, 3.25% APY
  • 18 month:  Stonebridge, 3.00% APY
  • 2 year:  iGObanking, 3.25% APY
  • 3 year:  Discover, 3.25% APY
  • 5 year:  Allied First, 3.95% APY

Some of the new banks added this week that appeared in the top ten –

  • Metropolitan National Bank:  metbank.com
  • Nationwide Bank:  nationwide.com

This week’s poll results –

  • 45% say we should invest in a 3 month - 1 year CD.
  • 30% say they have no clue.
  • 9% say invest in a 2 to 3 year CD.
  • 8% say stick with a money market.
  • 6% say invest in a 3 year+

If you’d like to vote on the poll, be sure to go to the homepage at gotalkmoney.com to place your vote and help out the community!

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