Posted by: Brodie Jerrems in
Bank Rates on February 3rd, 2012
167th TFR Credit Union in Martinsburg, WV delivers on their mission to help members save money. Currently, they have a 1-year CD rate at 1.00% APY to help move your funds toward steady growth.
1-Year CD Rate Terms and Conditions
To open a CD account at this 1-year CD rate, members are required to supply a minimum opening deposit of $500. Withdrawing before the end of the term may result in penalties against earnings. The NCUA insures all CD accounts, regardless of term duration, for up to $250,000.
About 167th TFR Credit Union
167th TFR Credit Union supports the their members financial freedom.
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Posted by: Brodie Jerrems in
Bank Rates on January 23rd, 2012
POUND
UK unemployment data out yesterday did little to significantly move sterling despite the unemployment rate being the highest since 1994. Economists are commenting on the fact sluggish UK data could put pressure on sterling in the coming weeks especially if the spotlight is placed more on the UK. In the most recent data for the UK nationwide consumer confidence data out last night was weaker than expected at 38 against a forecast of 41. There is no further UK economic data due today.
EURO
The euro is trading slightly stronger against the pound and USD this morning after reports that the International Monetary Fund (IMF) was proposing to boost lending resources to help safeguard the global economy against the worsening euro zone debt crisis, aiding riskier currencies and especially the Euro.
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Posted by: Brodie Jerrems in
Bank Rates on January 15th, 2012
BBVA has entered into the largest global agreement to date to adopt “Google Apps for Business”.
By the year end, the Spanish bank’s 110,000 employees across 26 countries should be using Google’s cloud-based apps for internal communications.
Initially, 35,000 workers in Spain will use the apps suite including: Gmail with Google Chat, Google Calendar, Google Docs, Google Groups, Google Sites and Google Video.
The bank’s global intranet is the main technology project that will be transformed, evolving from a corporate communications and process management site to a place where employees will be able to share, contribute and manage knowledge globally.
A
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Posted by: Brodie Jerrems in
Bank Rates on January 7th, 2012
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Earlier this week I wrote about the new Air Miles expiry rules, and I mentioned that I came to learn of this news through an article I read on Rewards Cards Canada. That being said, while reading the article I also came to learn about another new initiative Air Miles was launching, which is called Air Miles Cash.
After a bit of research, I came to learn that Air Miles Cash is an upcoming feature to Air Miles clients in March 2012.
Air Miles Cash is a new program feature that will allow you to redeem reward miles instantly at checkout, which can be used at participating sponsors.
As I just mentioned, Air Miles Cash is a feature that will let you redeem Air Miles Cash balance towards purchases at participating sponsors.
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Posted by: Brodie Jerrems in
Bank Rates on December 29th, 2011
Many investors are pouring money into gold as stocks continue their free fall. Gold futures climbed as high as $1,829.70 an ounce on April 18, 2011, before falling back to $1,821.80 later in the day. Meanwhile, the stock market continued its decline, raising more concern that the U.S. economy is heading to another recession. The Dow Jones industrial average was down more than 460 points in late trading, and the VIX index, which measures volatility in the stock market–also known as the “fear index”–surged, according to MSNBC.
Despite all the worry about what is happening with the global economy, it is best not to get off track from a savings plan–or start a savings account if you don’t have one. Building up an emergency savings fund could help you feel more confident about your own finances even as the economy struggles. Shop around to compare savings accounts to find the right product for you. Unfortunate
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Posted by: Brodie Jerrems in
Bank Rates on December 16th, 2011
December 07, 2011
By Richard Barrington | MoneyRates.com Senior Financial Analyst, CFA
If you’ve ever been turned down for a loan, or taken a hit to your credit score, you may get a kick out of this: seven of the eight largest banks in the U.S. had their credit ratings downgraded last week.
Standard & Poor’s (S&P), a prominent credit rating agency, made the announcement on November 29. While the action was the result of updated credit standards rather than any sudden change in the financial conditions of these banks, the situation does reflect the tougher environment facing banks these days.
Whatever the reason, the banks will have to live with those downgrades, just as millions of Americans have had to learn to live with lower credit scores.
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Posted by: Brodie Jerrems in
Bank Rates on December 8th, 2011
Columbus, Ohio depositors now have something to look forward to next yearhigher returns in their pockets. Nationwide Bank is now offering a 12-month CD rate of 1.05% APY. This is a great opportunity for new investors to reap greater rewards at minimal risk. Start saving the smart way with a CD from Nationwide Bank.
12-Month CD Rate Terms and Conditions
A minimum deposit of $500 is required to open a CD account with Nationwide at the 12-month CD rate. Early withdrawal may result in penalties of 90 days of dividends. At maturity, funds will automatically renew into a new term. Depositors are given a 10 day period to withdraw funds after maturity, without incurring a penalty.
About Nationwide Bank
Nationwide Bank serves its customers from coast to coast with a diverse list of financial products and services that suit each unique lifestyle.
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Posted by: Brodie Jerrems in
Bank Rates on December 4th, 2011
POUND
Sterling remains stronger against the USD this morning holding above 1.57 whilst trading slightly down against the euro. UK manufacturing out this morning did little to impress the market despite it being marginally higher than the 47.1 forecast at 47.6. Any number below 50 reflects contraction in the sector and a clear reflection on the tough climate the UK economy is facing. This latest round of data is likely to weaken sterling in the short term as the market increases their expectation for further QE early in the new year.
EURO
The Euro is trading relatively calmly this morning against the pound and USD amongst ongoing concern for the Euro zone and the struggle it is facing to find a firm resolution to the ongoing debt crisis. German economic data aided the euro in the short term yesterday as the data beat all the forecasts with retail sales rising to 0.7% from 0.3% in October whilst Germany’s unemployment rate fell to 6.9% from 7.0% in November. U
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Posted by: Brodie Jerrems in
Bank Rates on November 23rd, 2011
KfW Bankengruppe has forecast that the healthy German recovery of the last two years is drawing to an end, and predicts that after a 0.5% growth figure in Q3 the economy will begin to grow at a more gradual pace.
The KfW Economic Compass has predicted a 0.2% decline in GDP during the final quarter of the year, and 1% growth during the entirety of 2012.
This would mean (if the forecast proves Delphic) that the growth of 2012 would be a third of the expected 3% of 2011.
KfW has highlighted the tremendous uncertainty regarding the eurozone sovereign debt crisis, but has also referred to the general global economic slowdown and the fact that many countries to which Germany exports are now embarking upon austerity measures.
KfW Chief Economist Dr Norbert Irsch said that German growth was facing a serious setback, adding that the long term prospects of the economy were largely dependent upon a resolution (or lack thereof) to the eurozone crisis.
The bank has expressed a slightly more pessimistic note regarding the future of the eurozone crisis and the implications for the German economy than earlier in 2011, reflecting the worsening situation in the eurozone.