We have identified again a medium term Aa3 JP Morgan bond denominated in Russian rubles maturing in June 2017, and are targeting a better than 9.5 % yield for our clients.

Corporate Bond linked to the Russian Ruble

JP Morgan Chase has bonds, denominated in Russian Rubles, which currently have a yield of about 9.50%  for 70 months. The high yield and medium length maturity of this ruble bond, when considered with its reputable Aa3 rated issuer, compares very favorably with other high yielding instruments in our Foreign and World Fixed Income holdings, and we view the most recent weakness in the ruble as an opportune time for adding it to our basket of foreign fixed income holdings.  We believe the dollar’s longer term weakening trend against many world currencies remains a major concern for investors seeking protection against its devaluation and a further erosion of its buying power, and we view the recent European debt concerns to have unduly weakened the Russian Ruble.  Th

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Q: Changing banks is a pain in the neck, but sometimes you are forced to do that because the bank you are with got taken over. So would I be better off choosing one of the very large national banks? After all, I figure the bigger the bank, the more likely they are to be acquiring other banks, rather than getting taken over themselves.

A: While you might guess that the largest banks would be more takeover-proof than smaller banks, that isn’t necessarily the case. First of all, a large bank might be the ideal strategic partner for another large bank, it they complement each other’s product lines or geographic distribution.

Second, a large bank doesn’t necessarily have to sell out lock, stock, and barrel. It might simply choose to divest a portion of its business.

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The Federal Open Market Committee left interest rates unchanged, as expected, at yesterday’s meeting. There were no significant wording changes to its post-meeting statement, and it even retained the pledge to keep interest rates “exceptionally low” for an “extended period.”

Punting until the next FOMC meeting, April 27-28, buys more time to evaluate the economy — another employment report, another Beige Book, and time for the choppy, weather-impacted February economic readings to give way to hopefully more telling March data.

But the Federal Reserve is content to stop the mortgage purchase program this month and let the market take over. At the very least, we can expect an uptick in mortgage rate volatility — which has been noticeably absent thus far in 2010. With the Fed no longer the dominant purchaser of Fannie and Freddie mortgage-backed securities, investors must fill the void.

The question is whether those investors will pay the prices the Fed has been paying.

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First Bank continues to offer their best savings account rates for their Statement Savings. This best savings account earns you an interest rate of 1.25% APY. This money in the bank also requires you to deposit a minimum of $100. There will be a $7 fee that will be charged against your account when your balance falls below $100.

The bank gives you an option on managing your account. You can use your ATM to check on your balance, make withdrawals, and even make payments. Another option is online banking which also has bill pay and electronic bank statement. Please note that the current interest rate of this best savings account may change anytime without notice. The fees may also reduce the earnings of your account.

It seems that a bank visit is needed for you to open an account. First Bank has branches located in the cities of Ewing, Williamstown, and Lawrenceville in the state of New Jersey.

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Bank of America Corp, currently the largest bank in the U.S. by assets, announced on Thursday that it would receive a $5 billion investment from Warren Buffetts Berkshire Hathaway. The investment announcement had an impact on Bank of Americas shares, which had been dropping on concerns that it might need more capital.

Buffett to Buy Preferred Shares

As a part of the deal between the two major companies, Buffett will buy preferred shares and receive warrants. His investment will guarantee Berkshire $300 million a year in dividends and offer a chance for major returns if the banks stock climbs.

In the short time after the deal was announced on Thursday, shares did indeed jump. According to reports, shares climbed a whopping 25.8 percent, but then fell back to 9.4 percent by the markets close.

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Over a year ago we decided to let expire more than 50 mostly bad or dubious value letter dot-us names that we had been holding since as long as the year 2002 when most of them were acquired. We dropped them due to no traffic or income, plus poor acronym use potential.

It has been quite interesting watching the majority if not all of that group sold, resold, resold, resold and sold again on the domain name forums between domainers.

The sale prices are mostly between say $5 to $20. What makes it even more interesting is what with the low prices I don’t see how the domainers are flipping them for a profit and if they are making some money doing that it would not seem to be worth all the time and effort involved. It seems there is no end in sight as I again see many of them posted for sale again on the forums by their latest owners.

People have seen how difficult it is to get relief from tax liability. This does not mean that the light at the end of the road is not there. You are suggested to contact a tax debt relief attorney. Specialists can guide you to bring some relief at the end of a long and twisting way. Enjoying a piece of mind to take a step forward after meeting with a tax settlement attorney, you must consider that measures are taken to ensure that your monthly salary, savings and assets are not tied against debt repayment.

Being able to get relief from tax debt provides a great piece of mind. Qualified specialists have unique facilities to solve customer tax debt problems. The tax debt relief attorney is necessary with the solving of this concern. A formal investigation in the house with a detailed financial investigation is required to consider the current financial situation. Read more…

Metcalf Bank has an ongoing promotion with their checking account called My Choice Checking. You can get up to $100 bonus when you meet the following requirements:

• open a My Choice checking account and you will earn $50
• open a Save Up savings account and you will earn additional $50

You may take advantage of this checking account promo when you open an account online. For My Choice Checking account the minimum balance is $50 to open. For the Save Up savings account the minimum opening balance is $250. When you setup an automatic monthly transfer on both accounts the interest rate that you earn will be doubled. In case you do not meet the requirements you will not be able to get the bonus and you will only earn their base interest rate of 0.25% APY.

You also get to enjoy the following benefits: free ID theft protection for 6 months, free online statement, free mobile and email alerts, refund of ATM fees incurred from other banks and free mobile banking.

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If you are interested in a competitive savings account rate then look no further than The Infirmary Credit Union. Currently, this financial institution is offering a great 0.51% APY on its Regular Share/Savings account.

Savings Interest Rate Terms and Conditions

The Regular Share/Savings account from The Infirmary Credit Union allows for interested parties to deposit a minimum of $5 to open. The competitive savings interest rate is earned by maintaining a balance between $50 and $9,999.99. To open the account, you must become a member of the credit union. Membership is open to a number of employer groups who deposit $5 into the Regular Share account, including Infirmary Health System Inc. and Cogburn Health Center.

About The Infirmary Credit Union

The Infirmary Credit Union was chartered in Sept. 1974 to serve employees of Mobile Infirmary.

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