bank deposit interest rates

• Money Flows Out of Cds As Interest Rates Stay Low

By Tom Petruno1 LOS ANGELES TIMES1 LOS ANGELES -- The amount of money in bank certificates of deposit has fallen to a four-year low, a casualty of record low interest rates that have lasted much longer than many savers may have expected. There still is $1.06 trillion in what the Federal Reserve classifies as small-denomination CDs, meaning those of $100,000 or less. But the small-CD total at banks and thrifts is plummeting at a fast rate, and now is back to 2006 levels.

• Buffalo News
• November 23, 2010

• Annual Survey: Emerging Market Banks: Asia

HSBC conducts business in 20 Asia-Pacific markets outside of China and Hong Kong. In 2008 the bank continued to expand throughout the region, acquiring The Chinese Bank in Taiwan in March, which added more than 15,000 small-business customers, and a retail brokerage in India; in October it acquired Bank Ekonomi in Indonesia. HSBC has a strong deposit base throughout the region, although pressure on interest rates means net interest income is likely to decline in the coming months. Meanwhile, in January 2009 HSBC Armenia became a member of Nasdaq OMX, which will provide it with access to a wide range of securities markets. HSBC Group has a 70% stake in the bank and provides financial back-up. Indonesia's second-largest lender, PT Bank Central Asia, saw its 2008 net profit increase by mor...

• Global Finance
• Vol. 23 Nbr. 5, May 2009

• Pickings Slim When Searching for Savings Account Rewards

Most New Year's resolutions offer some kind of payback. Stick to your diet, and in a few weeks you'll rediscover your waist. Exercise regularly, and before long you'll be able to climb stairs without gasping for air. But if your New Year's resolutions included a pledge to save more, the rewards will be a long time coming. Interest rates on bank savings accounts, money market funds and certificates of deposit are so abysmal that it could be 2012 before you've earned enough to buy a six-pack of beer.

• Tribune - Review / Pittsburgh Tribune - Review
• January 17, 2011

• 9 Steps to Prepare for Retirement?

DURING the course of the year we meet with many individuals heading into retirement. If you are at that point in your life, consider the following checklist to identify problem areas requiring further planning and review: A--Add clarity. Everyone has a financial plan -- until we ask for the written version. Too often, self-generated financial plans are arbitrary and consist of random thoughts discussed with a loved one or an adviser, but seldom written down. Consider a written plan that will incorporate your goals and your financial situation. Be sure to address whether you can reach your goals within your desired time frame and whether you are utilizing the best investment vehicles to optimize your results. A--Have your investments reviewed. A fresh set of eyes may detect a lack of div...

• New Haven Register
• January 05, 2011

• High Deposit Rates Pressure Long Island's Small Banks

Community banks have a new obstacle to deal with: A few big banks are upping interest rates on deposits, compensating for a lack of loan business. Countrywide, now part of Bank of America, is offering certificates of deposit with interest rates above 4 percent. Most other banks' CDs pay rates between 1.5 percent and 2.5 percent.

• Long Island Business News
• March 28, 2008

• 'Interest-Rate Hike Will Pressure Economy'

THE PRIVATE sector Organisation of Jamaica (PSOJ) is warning that the Bank of Jamaica's (BOJ) move to sharply increase interest rates on certificates of deposit will inevitably raise interest rates across the financial system, "putting more pressure on an already weak real economy".

• Weekly Gleaner, The; North American ed.
• September 02, 2009

• Capital One to Put North Fork in Its Wallet for $14.6 Billion Analysts Speculate On Other Takeovers

Capital One has agreed to buy North Fork Bancorp for $14.6 billion in a deal that will make it one of the top 15 deposit holders in New Jersey. The deal, announced late Sunday, had some industry analysts wondering Monday which midsized bank in the New York area may be next in line to be bought. Many are struggling with increased competition, higher short-term interest rates and deposit costs, but could be desirable to a larger bank because of their market share in the region.

• The Record, Bergen County, NJ
• March 14, 2006

• Acquisition Cuts Into First Fed Earnings

The cost of acquiring Home Building Bancorp and of building a new headquarters contributed to a decline in earnings for First Bancorp of Indiana - the holding company of First Federal Savings Bank of Evansville - in the quarter ending March 31. The company also reported that higher interest rates have put pressure on both deposit and borrowing costs for the bank, contributing to a smaller net-interest margin from a year ago.

• Evansville Courier & Press (2007-Current)
• May 30, 2007

• Keeping the Lid On Interest Rates Will Help Spenders, Hurt Savers

Ralph Torraco, a certified public accountant who lives in Franklin Lakes, is a longtime customer of Hudson City Savings Bank because "it always has among the highest rates. These days, however, interest paid on many of the deposit accounts at Hudson City -- and at all the other banks with branches in his town -- does not even keep up with inflation.

• The Record, Bergen County, NJ
• January 09, 2012

• California United Bank Announces 2011 Third Quarter Results Reflecting Strong Earnings and Loan Growth.

... 17 basis points; and (iv) bolstering its deposit mix by increasing the percentage of non-interest b... the cost of funds was a reduction in the rates paid on some of the Bank's interest bearing deposi...

• Business Wire
• November 07, 2011