I want to start retirement investing in ETFs, but I am very concerned that some of the organizations providing ETFs may go the way of Enron and sub prime mortgage lenders.
i tried to invest in yahoo finance but whenever i buy or sell stocks there, it doesn't even ask me for my credit card number, etc. it seems as if yahoo finance is just another stock market game....
I am an American and I'm looking for the best place to put my money. With the United States currently economic situation, should I buy gold? I have never done this before and really don't ...
I just started investing in the stock market and I'm already losing money!! My current portfolio consists of tickers VTI, AGG, SPIL, EFA, IYR, and IYM. Does anybody have any suggestions on how ...
Next year I will be going to college. I have received enough scholarships to pay for everything and not have to worry about any sort of financial concerns. Currently, I have around $6000 in a C...
i am working in south africa as software engineer. now i have two plat of land in Faridabad. approx 50 lakh and my monthly saving is 50 thousand. So, now i want to sell the plots and invest it in ...
Ken
I have a metlife high yield savings account, why does the interest rate keep going down?
I opened the account 4 months ago and they were advertising a 4.5% rate and every month it has gone down and is now 4.4%. Anyone know why the rate is going down.
Banks offer good rates initially on account deals. In the course of time they offer new products which are better deals. Inertia, people being busy with other things or not paying attention to rates means that a lot of money stays with the old products despite them becoming uncompetitive. Banks make a lot of money with this practice and it seems to be pretty universal. Only answer I know is to change your accounts from time to time.
Feeling Mutual
It is going down because Metlife controls the interest rate, and they want to pay you less.
BTW: PayPal is paying me 5.03%.
4x
Email me.
kidd3422
Do you ever question why an INSURANCE company would have a savings account?
?
Because it is an insurance co and they take a big part of your div for them self. Dump it and go into Vanguard Prim money market fund it pays 5.10 to 5.15%
gradatusf
Banks don't think people will monitor their rate to closely so as a way to pay you less money is to gradually lower the rate.
gene177
Banks have the power to change the rates of savings accounts. Typically, they do this to in response to the change in interest rates. Since long-term rates are declining, bank account rates will follow.
Leonardo
Probably they offered you a promotional rate. Savings account usually sdo not pay high yield. They are "suppose" very save and secure investment. The lower the risk the lower the return.
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