Data from the regulatory reports provided by minority and non-minority owned banks are analyzed using five distinct time horizons for CDs . The results suggest that Black-owned banks consistently pay higher interest rates on CDs , with a lower premium for longer-term CDs , and used the premium...
Data from the regulatory reports provided by minority and non-minority owned banks are analyzed using five distinct time horizons for CDs. The results suggest that Black-owned banks consistently pay higher interest rates on CDs, with a lower premium for longer-term CDs, and used the premium to...
Whether you choose a savings or money market account, you’ll earn some of the highest interest rates in the industry. The savings account doesn’t have a monthly maintenance fee and you can waive the MMA’s monthly fee with a qualifying minimum balance. ...
However, Wen Bin, chief researcher with China Minsheng Bank, said the CDs could also be a test for banks. “Higher deposit interest rates can narrow profit margins. Banks have to learn some new tricks to maintain profitability,” said Wen. ...
In collaboration with Curinos, we've gathered details on some of the highest CD rates available for common term lengths.See more CDs by term length Open the drawers below to see examples of top rates by term length. Rates are updated daily, however, you should always refer to the ...
In collaboration with Curinos, we've gathered details on some of the highest CD rates available for common term lengths.See more CDs by term length Open the drawers below to see examples of top rates by term length. Rates are updated daily, however, you should always refer to the ...
To cope with narrowing net interest margins, CMB aims to control high-cost deposits and allocate assets effectively, focusing on retail credit assets like credit cards and consumer loans. Commercial banks, including CMB , are facing pressure to compress costs due to declining net interest margins....
Discover® Bank: Best Online Bank with No Fees Member FDIC Discover Bank Pros: High yield No fees 24/7 customer service Cons: No interest checking Our Review: (4.6) Discover® Bank offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what...
When you go to a bank, you will find that each kind of deposit account comes with a different interest rate. According to the Federal Deposit Insurance Corporation (FDIC), accounts that usually earn the highest interest rates are money market accounts, traditional savings accounts, and ...
We reviewed 19 of the top online banks—and these six are the best. See how Ally, Capital One, Discover, and others stack up on rates, features, fees, minimums, and more.