As featured in The Wall Street Journal, Money Magazine, and more!

Banks Lower Interest Rates Following Fed

by Flexo on March 18, 2008

in Banking

The Federal Reserve lowered rates again today, inspiring me to check the so-called “high-yield” savings and money market accounts to view the damage to the latest interest rates. I’ve once again updated the list of APYs reflecting the latest drops. I’m keeping a historical record, so siply scroll the spreadsheet to see how rates have changed since January 26.

VN:F [1.7.5_995]
Rating: 0.0/5 (0 votes cast)


About the Author

Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

If you enjoyed this article, get the free RSS feed or get daily emails.

Join the free Consumerism Commentary newsletter. Enter your email address here to receive weekly emails with behind-the-scenes information, exclusive giveaways, and money tips.



Related Entries on Consumerism Commentary

{ 2 comments… read them below or add one }

1 Anca March 19, 2008 at 1:08 pm

Is there someplace that compares each of those banks based on things like quality of user interface and ease of getting money in and back out?

UN:F [1.7.5_995]
Rating: 0.0/5 (0 votes cast)

Reply to this comment

2 Todd March 19, 2008 at 11:33 pm

Two local credit unions are offering > 6% APY on checking accounts. Our CU is 7.01% APY — 6.79% APR if I remember right.

The only catch is that you need to have at least one direct deposit (no problem there) and do 10 debit-card transactions per month. I much prefer to use our rewards credit card to earn cash back, but for 7% on the money in my checking account I can make 10 small purchases per month with the debit card.

UN:F [1.7.5_995]
Rating: 0.0/5 (0 votes cast)

Reply to this comment

Leave a Comment

Note: By submitting your comment you are agreeing to these terms and conditions. If you attempt to post spam, including promotional linking to a company website, your comment will be deleted.

Previous post: Real Money, Real World: A Resource for High School Personal Finance Classes

Next post: Question for Discussion: How Much Can You Spend Without Telling?