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Why the Best Deposit Rates Are Decreasing [NYT Bucks Blog]

Wednesday, January 13, 2010 - 8:12 AM
NYT article provides a good summary of the new FDIC rate caps and their effects on deposit rates:
The best Internet bank rates on money market, certificate of deposit and savings accounts are decreasing, thanks to new Federal Deposit Insurance Corporation rate calculation rules for undercapitalized banks.
I first reported on these FDIC rate caps last May.
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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