Latest Bank CD Rates

Market analysts interpreted the Inflation Report as ‘dovish’

In its quarterly Inflation Report, the Bank produced new research showing that annual UK economic output was unlikely to return to the £1.4 trillion level it peaked at in early 2008 for two more years. The warning, which underlines Governor Mervyn King’s repeated warnings that the UK faces an arduous struggle as it attempts to rebuild and rebalance its economy, came as the Bank signalled that recovery is nevertheless in store, and that interest rates may rise, or quantitative easing (QE) be withdrawn, in the coming months.

On a day of confusion in the markets, as traders struggled to decide how best to interpret an equivocal report, the pound slid against other world currencies and interest rates on two-year gilts fell to the lowest level in 18 years.

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Not sure if you’ve been following the latest bank hearings–there have been so many of them over the past year, who could begrudge you for missing out–but these bank hearings may be bigger than most.

The Senate is dicussing what to do about the “too big to fail” big banks and too big other companies that act like banks, such as insurance companies.

Apparently, if Bloomberg’s exclusive report is to be believed, the Senate may actually pass a law that results in the breaking up of several big banks.

John Reed, the former CEO who started Citigroup towards being too big to fail, has even apologized to Congress for using that strategy.

Could big banks such as Citigroup really be broken up?

Populist conspiracy theorists would suggest no, that the Wall Street types would never give up access to the savings accounts and CDs and money market accounts of millions of people.

But what if conservative investments such as savings accounts and CDs were, somehow, segregated by law from speculative investments such as, say, betting on the value of copper on November 13, 2009.

For that is, essentially, what modern giant banks do: use deposit accounts to fund other aspects of the operation.

Previously, circa September of 2008, this system worked fantastically, and it is even working not bad right now, if impressive bank earnings are to be believed.

Could this system, this idea that banks should not only hold money but actively invest it, actually be on the verge of being dismantled?

If so, is that a good thing?

Or will it simply mean that the real business of banking moves the rest of the way off-shore?

Pennsylvania, New Jersey and New York residents could take advantage of an impressive 2.50% APY special 17-month CD from Royal Asian Bank. The bank also offers some other specials and competitive CD rates (those bolded indicate specials):

• 2.50% APY – 17-month CD
• 2.35% APY – 14-month CD
• 2.25% APY – 12-month CD
• 2.25% APY – 24-month CD
• 1.25% APY – 6-month CD

All accounts require $1,000 minimum to open. While anyone in the country can open an account, it must be opened at a branch location in one of the following cities: Fort Lee or Palisades Park (NJ), Flushings (NY), Philadelphia or Upper Darby (PA).

>> CD Specials

Bank of the West branch locations.  Bank directory lists all Bank of the West
offices alphabetically by city and state.  Find bank branches for all Bank of the West locations with complete bank address and description. 

Bank of the West is based in San Francisco, California.  Bank of the West offers a full range of business, corporate, personal, trust and international banking services.  Consumer bank products and services offered through the retail bank branches and through online banking include mortgage loans, auto loans, certificates of deposit, money market accounts, savings accounts and more.  Bank of the West’s holding company, BancWest Corporation, is a subsidiary of BNP Paribas.

Bank of the West
34301 Old Black Canyon Highway
Black Canyon City, AZ  85324

Bank of the West
260 West Central Avenue
Coolidge, AZ  85228

Bank of the West
387 N Main Street
Eagar, AZ  85925

Bank of the West
101 S Broad Street
Globe, AZ  85501

Bank of the West
180 West Continental Road #170
Green Valley, AZ  85614

Bank of the West
1945 Highway 260
Heber, AZ  85928

Bank of the West
156 Hopi Drive
Holbrook, AZ  86025

Bank of the West
374 Alden Road
Kearny, AZ  85237

Bank of the West
13275 Central Avenue
Mayer, AZ  86333

Bank of the West
2070 US Highway 60 – 70
Miami, AZ  85539

Bank of the West
480 North Navajo Drive
Page, AZ  86040

Bank of the West
820 West Cleveland Street
Saint Johns, AZ  85936

Bank of the West
490 Avenue A
San Manuel, AZ  85631

Bank of the West
351 Main Street
Superior, AZ  85273

Bank of the West
9502 West Van Buren Street
Tolleson, AZ  85353

Bank of the West
1171 East Rancho Vistoso Boulevard, Suite 101
Tucson, AZ  85755

Bank of the West
3041 South Kinney Road
Tucson, AZ  85715

Bank of the West
3175 N Swan Road
Tucson, AZ  85712

Bank of the West
5151 E. Broadway Boulevard, Suite 1

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Pinnacle Bank of Nebraska recently launched their online banking arm called BankOn . The new internet bank invites offers consumers a high interest savings account with an interest rate of 2.05% APY. This money in the bank deal does not impose any minimum deposit

The high yield savings account is not offered nationwide. When you access the online application, it states that BankOn accepts savings deposit from residents of Wyoming, Missouri, Nebraska, Kansas, and Colorado.

To enjoy the high interest rate with this savings account, the bank also requires you to open a checking account and money market account with them. The $50 bonus will be paid within 10 days after opening the savings account. BankOn limits one account per household.

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