Capital One CD Rates June 2011

July 1st, 2011 No comments

Capital One CD rates have moved very little during the month of June. Capital One offers CDs in terms that range from 6 months to 10 years with a minimum investment of $5,000.00. With the exception of the long term bank CDs, Capital One CD rates are lagging behind the national average CD rates.

Capital One is based in Mclean, Va. The bank has expanded to be the 15th largest bank in the nation as measured by total deposits. All CD deposits in Capital One are FDIC insured up to at least $250,000 per depositor, per ownership category as established by the FDIC.

Capital One CDs can be opened through online banking or by calling the bank directly at 1-866-871-7932. The bank CDs accrues interest daily. The Capital One CDs with maturities of less than six months pay interest at maturity. The interest can be paid out to the CD account holder monthly, quarterly, semi-annually or annually.

The bank CDs have no monthly fees to open or maintain the accounts.

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Categories: Bank Rates Tags: Cd Rates, June

UK economy held back by weak consumer spending

The latest figures from the Office for National Statistics(ONS) confirmed the initial estimate, that Britain’s economy grew just 0.5pc in the first quarter, after contracting by the same amount in the last three months of 2010.

This means the economy has effectively stagnated over the past six months – a far worse performance than Britain’s major trading partners.

“The lack of any upward revision leaves the economic recovery earlier this year still looking disappointingly weak,” said Vicky Redwood at Capital Economics.

A breakdown of the figures showed growth would have been even weaker had government spending not grown by a robust 1pc over the quarter. Public spending cuts mean this category will be unable to contribute to growth going forward.

Neither is the consumer in any position to drive the economy. Household spending contracted by 0.6pc on the quarter, the biggest drop since the recession, and looks set to remain weak as wages fail to keep pace with inflation.

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Categories: Bank Rates Tags: Economy, Uk Economy

Kids Living Large Off Your Dime? How to End Financial Dependence

June 30th, 2011 No comments

Every parentwell, most parentswant whats best for their child, so they dont mind forking over some cash when their kids are busy with career planning, goal setting and simply growing into adulthood. Yet at what point should a parent cut the financial cord? Some parents feel that 18 is the right age to do so, while others fund their kids into their 30s, hoping their lifes most precious investment finally pays off.

Its difficult to determine the appropriate cut-off age across the board because every family has a different situation. Depending on what your budgeting and personal finance strategies are, maybe you can afford to support your children well into adulthood. Or, if youre like most other people, youre having a hard enough time worrying about your own bills.

There is such a thing as over parenting.

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Categories: Bank Rates Tags: Kids, Kids Living

2.25% APY Top certificate of deposit rates with Arundel Federal Savings Bank

Arundel Federal Savings Bank invites consumers to grab a great savings opportunity thru their best certificate of deposit account with the best cd rates. The following are the current CD rates:

For balances of $10,000 and above:

9 months CD special    1.05% APY
12 months                    0.80% APY
18 months                    0.90% APY
30 months                    1.50% APY
48 months                    2.00% APY
60 months                    2.25% APY

The bank also offers their 13 month CD special with an interest rate of 1.30% APY when you have an existing checking account and the minimum balance for this best CD rate is just $500. In case you decide to make a withdrawal before the maturity date, you will have to pay for the penalty which will be applied on your account. When your certificate of deposit account matures, t

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Money: Can’t live with it; can’t live without it!

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