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CHECKING & SAVINGS: NEWS & ADVICE

CHECKING & SAVINGS NEWS
FDIC reins in troubled banks
The FDIC is restricting some banks from paying high interest on deposits, such as CDs. Will it hurt savers?

National Checking & Savings Rates
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NATIONAL OVERNIGHT AVERAGESTODAY+/-LAST WEEK
Interest checking 0.72% 0.72%
MMA 1.28% 1.30%
$10K MMA 1.30% 1.32%
IRA MMA 0.72% 0.72%
$10K IRA MMA 0.81% 0.81%
Rates may include points

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EXPERT ADVICE
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Should we keep all our savings in a single CD?
answer
It's not a good idea to have all your savings in one place, says Dr. Don. More »

CHECKING & SAVINGS NEWS THIS WEEK
Bankrate's study shows choosing the right checking account for your banking habits can save you a bundle. Recent news of bank failures has consumers wondering about the security of the FDIC's funding. Reserve Primary money market fund's net asset value dropped below a dollar. Will this hurt your financial picture? In the event of a major bank failure, how -- and how soon -- will the FDIC get you your money back?
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* Mortgage rate may include points. See rate tables for details. Click here.
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