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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, said he doesn't expect much improvement in rates in the first half of 2010
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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