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It is the end of another week; time just seems to fly nowadays. One thing I am particularly happy about is the weather. It is a beautiful day outside today; not like the Wednesday where I think I saw hail hit my car.
Either way, as usual, as we are at the end of another week we have BankNerd’s Best of the Best.
I am highlighting article that are from the blogosphere that I think need to be read by everyone.
Lufthansa Employee Federal Credit Union has a money in the bank opportunity for their money market account which offers an attractive interest rates. This money market deal earns you an interest rates of 1.00% APY when you open an account. You need to make an initial deposit of $1,500 to open this best money market account.
You can earn this best money market rate when you maintain an average daily balance of $1,500 or more. The interest earned on this account are compounded and paid quarterly.
TODAY`S HEADLINES
Sterling hits 3 1/2 week high vs. USD
UK QE forecasted to end in early May
Euro rallies up into 1.33 vs. USD
Bernanke speech weakens US currency
POUND
Sterling remains stable against the Euro today and has made some attractive gains vs. the USD into the high end of 1.59 after the dollar weakened on the back of Ben Bernanke (Fed Chairman) comments. The 3 and a half week high for sterling was clearly driven by weakness in the USD rather than pound strength so it is important not to get too excited about this latest performance.
The Savings account interest rate at Commerce Bank, NA has just changed from 1.0% APY to 1.25% APY with a minimum of $10,000 required. See the full details and rate info at Commerce Bank, NA Money Market/Savings $1000 rate. Health Savings Account
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Guest post by Steven Zussino, President of GroceryAlerts.ca, Canadas Source for Grocery Deals, canadian coupons,and printable coupons. They match coupons with the latest grocery flyer specials.
Saving money on groceries is important for all Canadians. Your grocery budget is one of the highest variable costs in your monthly budget. My family has saved over $3,100 using coupons since June 2010. It may not sound like a lot of money but this is money saved after taxes that we can use to put towards our TFSA or RRSP savings accounts. <
Louisiana Catholic Federal Credit Union offers an attractive interest rate for their money market account. The credit union provides an interest rate of 1.00% APY for new money market account holders. This money market deal requires a minimum deposit of $1,000 to open an account.
You need to maintain an average daily balance of $1,000 to earn this best money market rate and avoid the monthly maintenance fee on your account. The dividends earned on this money market account are compounded and paid monthly.
POUND
Sterling is trading marginally down against the euro and has recovered against the USD after reaching a recent low of 1.5742. The lack of UK data this morning has left the pound vulnerable to ongoing changes in risk sentiment and expectations for strong UK economic data are starting to fall with more recent numbers failing to live up to expectations. The BRC shop price index out in early morning trading painted a negative picture for squeezed UK consumers last month resulting in a fall in the price of non food items by 0.7%, the first outright decline since November 2009.
The Savings account interest rate at Ridgewood Savings Bank has just changed from 0.4% APY to 0.35% APY with a minimum of $10,000 required. See the full details and rate info at Ridgewood Savings Bank Money Market/Savings $1000 rate. Power Flex Money Market