FNBO Direct Dropped Rate to 2.80% APY
Posted by
Sun on
December 23, 2008
(2) Comment
Wow, that’s a big cut, isn’t it?
I just received an email from FNBO Direct with their latest rate at 2.80% APY, down from 3.25%, even below HSBC Direct, but slightly better than ING Direct (2.70%). But with ING Direct, you can refer people to make a little more extra ($10 per referral, check out my [...]
Categories : Banking, Personal finance
Fed Lowered Interest Rate in an Attempt to Halt Stock Market Free-fall
Posted by
Sun on
October 8, 2008
(3) Comment
One day after the Federal Reserve Chairman signaled that it’s ready to cut interest rate, the central bank, in a coordinated action with central banks around the world, lowered its benchmark rate by 50 basis points to 1.5%. The emergency rate reduction by the Fed came after the Dow Jones Industrial Average Index lost more [...]
Categories : Banking, Personal finance
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