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Banks lower rates on CDs, deposits [Baltimore Business Journal]

Monday, January 4, 2010 - 9:17 AM
Baltimore Business Journal article has a few interesting insights into this interest rate environment. As you might expect, it's not good news for savers:

 
Robert DeAlmeida, CEO of Hamilton Federal Bank, said his bank hasn't had to hike rates because loan demand is down and depositors are signing up at current rates.
....
Greg McBride, a senior financial analyst with Bankrate.com., said he doesn't expect much improvement in rates in the first half of 2010
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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