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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: certificates of deposit

certificates of deposit stories: 3 news summaries

Sorry, FDIC Can't Guarantee Interest on That CD 

When selling failed banks, Feds allow buyers to slash expected payout

Nov 4, 09 9:38 AM CST
(Newser) - There’s a little-publicized part of your bank deposit the FDIC doesn’t insure, and it’s driving scrupulous savers up the wall. The logic is simple enough: When the FDIC takes over a failed bank and resells its assets, it allows buyers to alter interest rates, particularly on CDs.... More »

MORE ABOUT:
CDs • certificates of deposit • FDIC • bank failure • interest rates • assets • life savings

Banks Boost Interest Rates to Lure Deposits

'Price war' increases pressure on profit margins, loan funds

Nov 14, 08 11:03 AM CST
(Newser) - Banks are boosting interest rates on deposits in an effort to increase the supply of cash available for lending, resulting in what one consultant calls a "national price war," the Wall Street Journal reports. Many banks are pinched between the desire to build up deposits and the shrinking... More »

MORE ABOUT:
Ben Bernanke • Citigroup • CDs • interest rate • certificates of deposit • federal funds rate • commercial banks

Fed Could Take Credit Crunch Fix to the Bank

Interest rates may drop, but deposit rates could go with them

Sep 3, 07 4:00 PM CDT
(Newser) - If you have CDs or a savings account, you may be contributing, soon enough, to the solution to the credit market upheaval, the LA Times reports. Some investors expect the Federal Reserve to cut short-term interest rates next month, a move that could inspire banks to raise money elsewhere... More »

MORE ABOUT:
Federal Reserve • credit market • interest rate • federal fund rates • savings account • certificates of deposit

3 Stories


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