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Saturday, May 31, 2008
5 NWA frequent flier miles per day + Sweepstakes entry and other prizes
Northwest Airlines is offering WorldPerks Mileage Partners an opportunity to earn 5 miles per day till July 31, 2008 as part of its the WorldPerks Miles To Go Sweepstakes and Instant Win Game. Just play Baggage Claim Bonanza to earn 5 miles per day till the deadline. In addition, you also get a sweepstakes entry for the trips to Hawaii and Paris, and the opportunity to win one of the 1,200 instant win prizes!

For complete details, see:

WorldPerks Miles To Go Sweepstakes and Instant Win Game

Play Baggage Claim Bonanza

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posted by Ruby @ 7:20 AM   0 comments

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Thursday, May 29, 2008
High income earners not paying federal taxes on the increase
The latest IRS numbers are in and as per a Forbes.com article, the number of Americans earning $200,000 or more who paid no federal income tax more than doubled in 2005.
In 2005, 7,389 high adjusted-gross-income (AGI) return filers paid no U.S. income tax, up from just 2,833in 2004.
..
The number of $200,000-plus households that escaped both U.S. and foreign tax also grew, though not as dramatically, to 4,224 in 2005 from 2,420 in 2004.
From the above numbers, its clear that these high income earners are smart both about earning high incomes as well as using tax strategies to shield that income from income taxes.

For complete article, see:

Forbes: Twice As Many Rich Escape U.S. Tax
posted by Ruby @ 10:47 AM   0 comments

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Tuesday, May 27, 2008
Buffett: US headed for longer and deeper recession
Warren Buffett joins many other economists and financial experts in stating the US is already in recession and it will be "longer and deeper" than most people expect.

However, recession or not, he's still interested in investing in companies.
But he said that won't stop him from investing in selected companies and said he remained interested in well-managed German family-owned companies.

"If the world were falling apart I'd still invest in companies," he said.
For complete article, see:

Reuters: Buffett sees "long, deep" U.S. recession
posted by Ruby @ 6:41 AM   0 comments

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Monday, May 26, 2008
Entering the world of sponsored posts - How I signed up for PPP!
It's been almost two years when I first started blogging. Had been reading other people's blog for quite some time and then decided to take the plunge myself. Before I started blogging, I didn't realize the full extent of work that's required to maintain the blog site. Writing posts, maintaining blog site etc takes a lot of time. With two kids and other stuff in my life, my schedule is often jam packed, so often times I thought of quitting, especially since blog sites like mine aren't exactly the most traffic or revenue-generating sites; it more of a labor of love. There were times when I posted nothing for quite a few days. And then of course, I would always pick myself up and get going.

These days, every once in a while, I write sponsored posts. The amount for posts isn't much and has varied from $5 to $20. Of course, this amount is further reduced by the commission charged by the Website that provided the opportunity for writing the post, as well as the taxes. However, getting the payment, even if small, is a good motivator and keeps me going on the days when I don't want to even think about blogging. While there are many sites that offer opportunities to write sponsored posts, one site I like is payperpost.

I had found out about PayPerPost (aka IZEA) over the internet through some blog site. Signing up to become a publisher was easy and straight forward process. I, however, thought that I won't be getting any posting opps as I was a newbie and my site ranking is low. But surprisingly, I can see writing opportunities when ever I have logged in.

In my case, I don't get time to sign up for new opportunities because of my schedule but the site's provides a good listing of available opportunities. What I like about PayPerPost is the fact that it clearly lays out all the opportunities and color codes them on the basis of which ones are available for my blog, which ones are available but have already been reserved, which ones aren't available and so forth.

The process for reserving a post is fairly simple: you just need to reserve the post opportunity that's available to you, and then create the necessary write up and post it on your blog site. Once posted, you need to go back to PayPerPost site to provide the URL for the blog post. Within a day or so, you can find out whether your post was approved or not, and if it's approved, you can expect to receive the payment in your PayPal account within few days. In my case, most of the money I receive, I spend it on books but the good thing about the PayPerPost site is that it also gives you the opportunity to donate your payment to a charity (such as American Red Cross or Habitat for Humanity) in case you don't want it.

When you log in to your account, the site also provides a blogger dashboard which provides a good summary of important stats such as the number of posting opportunities you accepted, how many of them were approved or rejected, how much has been paid to you so far and how much is pending. These are some of the stats I like but somehow, you have go through so many hoops at many other sites to find out that kind of information; fortunately, PayPerPost provides such information easily on the blogger dashboard.

Another good thing about the blogger dashboard is that it lists the top bloggers and their earnings which gives a good snapshot of how other bloggers are doing. Blog of the day is another feature I like about the dashboard as it gives you a chance to learn more about another blogsite which you would not have probably found out otherwise. It also gives you an opportunity to get in touch with other bloggers and possibly make some friends; that's how I got to know and learn about a fellow blogger.

Apart from the blogger dashboard, PayPerPost also offers many other useful features, including the option to get paid for referrals as well as for reviewing blog posts. With all these useful features and opportunities, PayPerPost ranks up high on my list of sites to visit frequently, when ever I get a chance. In addition, sites like PayPerPost has helped me continue on with blogging - an activity that has helped me learn a lot about personal finance, HTML and other useful stuff.


posted by Ruby @ 8:28 AM   0 comments

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Free coupon for 10-pack Office Depot brand DVD+R Media
Was surfing the net and found out about a deal offered by Office Depot. Simply for signing up to become its email subscriber, Office Depot is offering a coupon for 10-pack Office Depot brand DVD+R Media. I signed up yesterday and received the coupon in the email yesterday itself. All I need to do now is to print the coupon and use it in store. The coupon expires 6/21/08.

For details, see:

Free coupon for 10-pack Office Depot brand DVD+R Media

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posted by Ruby @ 7:44 AM   0 comments

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Sunday, May 25, 2008
Weekend Quote - Priorities
Your priorities should be with your family, friends, relationships, and spiritual pursuits, not with a career. In the end, what else is there?
- Robert Shemin, How Come That Idiot's Rich and I'm Not?
posted by Ruby @ 7:26 AM   0 comments

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Saturday, May 24, 2008
CFD trading
The rising oil, energy and commodities may be hurting consumers, but the stocks of many companies dealing with oil, energy, and commodities have been going up recently. While many investors buy stocks and options to invest in such companies, other alternative financial securities are also gaining in popularity. One such security is contract for difference or CFD.

A CFD is essentially a contractual agreement between two parties (buyer and seller) to exchange the difference between the opening price and the closing price of the position on various financial instruments at the close of the contract. Depending on the difference between the current value of the underlying instrument and its value at the close of the contract, either the seller or the buyer will have to pay the difference to the other contract party (buyer or seller). When used for equities, a CFD is essentially a derivative that allows traders to speculate on price movements of a stock, without having to own the underlying stock.

The important feature of most CFDs is that you don't actually buy the financial instrument (stock, commodities etc). Instead you are buying the difference between the opening and closing prices. For example, instead of buying 100 shares of Oracle, you are buying the difference on 100 shares of Oracle.

CFD trading can be used for trading or speculating on various financial instruments, including stocks, commodities, futures, and equities. CFDs are gaining in popularity as they require low initial deposit, low commissions, and can be used for both speculation and hedging purposes. Like stocks and many other financial instruments, you can go long or short on CFDs. A long CFD position results in profit if the the underlying commodity goes up in price, while a short position results in profit if the price of the underlying commodity falls. The can be traded in the minimum deal size of 0.1 lot which means 10 shares.

Currently, CFDs are listed in various countries around the world, including Australia, UK, Germany Canada, Spain, France, New Zealand, Singapore, Italy, South Africa and so forth. However, CFDs are currently not permitted in the US. CFDs can be purchased through CFD Providers such as One Financial.

One Financial is an online stock market trading broker. It provides 24-hour stock trading programs and CFD trading facilities to investors in foreign exchange, stocks, indices and futures. One Financial is based in London, and is authorized & regulated by the Financial Services Authority. One Financial provides its clients an easy to use online trading platform for trading forex, international indices, ETFs, and so forth. It also offers free charting, news, analytics and 24 hours customer support.

Important caveats before trading CFDs:

While trading in CFDs typically involves low commissions, you should be aware that CFDs are margin products which means it involves leverage. Since they are margin products, you don't need to provide a deposit to cover the entire amount of contract but need to provide only a certain percentage of the entire contract. However, since margin trading involves leverage, as a investor, you should be careful since leverage increases the potential for not just substantial profits but it could also result in substantial losses if your trade goes wrong. As a result, before trading CFDs, it is essential to understand the underlying risks because your losses may not be limited to just the initial investment but it could be much more. Similarly, CFD trading involves potential for counter-party risk or the risk that the counter-party in the contract may not be financial stable to meet its obligations when due. Thus investors in CFDs can lose substantially from the counter-party risk even if they bet correctly on the direction of the underlying instrument.

For more info about One Financial, see:

One Financial


(Disclaimer: I am not an expert in trading of CFDs, stocks or any other securities. Investing in CFDs, stocks or other securities involves risk and can lead to substantial losses.)
posted by Ruby @ 1:58 AM   0 comments

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Thursday, May 22, 2008
Airlines to passengers: We are also not happy with our bad customer service; we will make it worse
Airlines seem to bent on making customer experience of air travel from bad to worse. In the recent past, most airlines only started charging for the second piece of checked baggage. However, American Airlines has upped the ante of passing as much cost as possible to its customers. It will now charge customers $15 to check even the first baggage.
What's next? "Pay toilets in the coach cabin maybe," joked longtime airline consultant Mike Boyd.
While the price of gas is soaring and that's hurting all airlines, I think this additional charge on passengers who are simply bringing one bag is extremely annoying.
"It's ridiculous," said Louise Schum, a 23-year-old student from Steamboat, Colo., on a 10-hour layover at Miami International Airport. "Charging for luggage is the cutoff line."
What's bad is that while most of us consumers are already feeling the heat of high inflation, charges like these are only the begining and only like to increase in future.
Travelers are likely to see other carriers follow suit, assuming the change becomes permanent.

"They're always going to be looking for additional ways" to make money, said Ray Neidl, who monitors the airline industry for Calyon Securities.
For details, see:

AP/Yahoo.com: American Airlines to charge for first checked bag

Related article:

Yahoo.com: Survey: Passengers call airline service 'dismal'
posted by Ruby @ 8:07 AM   0 comments

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Tuesday, May 20, 2008
Free 1-year subscription to the Metropoliton Home magazine
For a limited time, RewardsGold is offering a free magazine subscription.

For details, see:

RewardsGold: Metropoliton Home


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posted by Ruby @ 10:09 AM   0 comments

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Real estate investment school
In recent months, have been coming across information from various companies offering to teach wealth-creation strategies. Almost every month get seminar tickets from at least one company. Every once in a while I attend such seminars, primarily to learn something new as there's always something that I didn't know previously.

Recently, learnt about a school called Nouveau Riche University. Nouveau Riche University teaches students the way to create wealth via real estate investments. Their programs are geared primarily towards adults who are looking for ways to increase their earnings but may not know where to start.

Nouveau Riche offers both the instructor-led and home study programs, and provides students the flexibility to choose from a wide variety of courses. For their instructor-led curriculum, students also have the flexibility to choose the days of their classes. The university pairs students with a student advisor who provides the necessary guidance in customizing the educational preferences based on the students' personal knowledge and investment preferences.

Nouveau Riche's diverse and comprehensive curriculum was designed based on consultations with experienced, real estate professionals and consultants. The courses taught by the school seek to provide students with the knowledge on a variety of real estate concepts, the pros and cons of various long term and short term investment strategies, etc. The school uses a variety of teaching techniques, including case studies, interactive classroom discussions with other students and role-playing exercises. As per the Nouveau Riche University’s Web site, the school uses time-tested Instructional System Design (ISD) principles to teach students the principles of real-estate investing. The goal of the school is to help build confidence in its students in getting started in their real estate investment career.

The school offers a variety of introductory, intermediate and advanced real-estate related courses as part of its curriculum. Some of the courses include:

- Building Your Team
- Buy & Hold I
- Buyer Beware
- Real Estate 101
- Business Financial Management
- Buy & Hold II/Landlording
- Computer Property Analysis
- Creative Acquisition Strategies
- Creative Financing
- IRA & Retirement Plan Investing I
- Legal Strategies
- Managing Property
- Mechanic's Liens and Bankruptcies
- Pre-Foreclosures
- Tax Lien Certificates
- Tax Strategies
- Advanced Tax Strategies
- IRA & Retirement Plan Investing
- Probate Purchases
- Multi-Family Dwellings
- Seller-Financed Notes, and others

As is evident from the above list, the list of the courses offered by the school is long and comprehensive. The school updates its curriculum offerings periodically by adding, changing or removing courses.

As per the school's Web site, the classes are designed to be practical and hands-on. For example, in the Bookkeeping class, students use QuickBooks® software to perform a variety of business transactions, including creating chart of accounts, profit and loss statement, and various other financial statements. Such knowledge is designed to help students get their real estate investment business up and running.

As a corporate entity, Nouveau Riche Corporation also offers its customer access to the Investor Concierge™ web portal. The Investor Concierge web portal that is designed for servicing the needs of Nouveau Riche investors. The University also has a blog site, Nouveau Riche University Real Estate Investing Blog, that provides lot of useful, real-estate related information.

For more info, see:

Nouveau Riche University

Investor Concierge™

Nouveau Riche University Real Estate Investing Blog
posted by Ruby @ 9:54 AM   0 comments

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Sunday, May 18, 2008
Weekend Quote - Outcome
Things turn out best for the people who make the best of the way things turn out.
- John Wooden
posted by Ruby @ 7:51 AM   0 comments

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Saturday, May 17, 2008
Free 1-year subscription to the BusinessWeek magazine
For a limited time, RewardsGold is offering a free magazine subscription.

For details, see:

RewardsGold: BusinessWeek magazine


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posted by Ruby @ 7:05 AM   0 comments

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Friday, May 16, 2008
Free subscription to the TV Guide magazine
For a limited time, RewardsGold is offering a free magazine subscription.

For details, see:

RewardsGold: TV Guide magazine


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posted by Ruby @ 9:43 AM   0 comments

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Thursday, May 15, 2008
Redeeming Northwest Airlines frequent flier miles for merchandise/gift cards
With Delta and Northwest potentially merging, have been seeing a lot of posts regarding the handling of frequent flier miles in both programs. While using the miles for air travel is usually the best option, not every one has enough miles or need to use it for air travel.

Recently, I received a mail from the US Bank (which issued my WorldPerks Visa Signature Credit Card) stating that it's currently allowing redemption of Northwest Airlines FF miles for merchandise for its members valid through May 31, 2008; the site to redeem miles is Shop with miles. The site actually seems to be operated by SkyMall.

I browsed through the site and the rewards seem decent although they the mileage conversion rate is on the low side. Among the merchandise includes gift cards for Barnes and Noble, Blockbuster, Eddie Bauer and various other merchants. There's also the option to purchase various electronics items, etc.

If redeeming for a gift card, one thing to note is that buying a higher denomination gift card may not always work out to be cheaper. For example, $100 Barnes and Noble requires 17,000 miles while a $200 one can be bought for 38,000 miles. Am not sure why $100 costs 17,000 while $200 one costs 38,000 miles - its better to get two $100 GCs for a total of 17,000 * 2 = 34,000 miles rather than 38,000 miles.

Another alternative to redeeming frequent flier miles for merchandise from a variety of programs is to join the free site, Points.com. That site allows tracking of miles and point balances in one place from a variety of frequent flier and rewards point programe, including American Express' Membership Rewards program. It also allows earning new miles, buying or exchanging miles/points, and redeeming them for a variety of merchandise include gift cards from Amazon.com, Best Buy and other retailers and merchants.

For a list of all awards for redeeming NWA frequent flier miles, see:

Shop with miles

Related post:

Redeeming United Airlines miles for VCR/DVD Player

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posted by Ruby @ 8:21 AM   1 comments

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Tuesday, May 13, 2008
Free Vanilla Honey Bee ice cream scoop today at Haagen-Dazs (May 13, 4:00 - 8:00 pm)
Haagen-Dazs is offering a free ice cream scoop at participating locations today from 4:00 - 8:00 pm of their new flavor - Vanilla Honey Bee.

For details, see:

Haagen-Dazs

Store Locator:

Haagen-Dazs Store Locator
posted by Ruby @ 8:43 AM   0 comments

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Monday, May 12, 2008
Earning first millions in different professions
The MSN/CareerBuilder.com article lists how long it would take to earn $1 million working in a variety of positions based on the median annual salary of each profession as reported by the Bureau of Labor Statistics. The article is also good from the perspective of seeing the median annual salaries in various professions.

Here's a sampling of how long it will take for people in certain professions:

For bartenders: at $16,350 median salary, it will 61 years
For bookkeeping, accounting and auditing clerks: at $30,560, it will 33 years
For Computer and information systems managers, at $101,580, it will take 10 years

For complete article, see:

MSN/CareerBuilder.com: How Long Till You Earn Your First Million?
posted by Ruby @ 9:20 AM   0 comments

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Sunday, May 11, 2008
Weekend Quote - Globalization
The United States succeeded in its great and historic mission - it globalized the world. But along the way, they [historians] might write, it forgot to globalize itself.

- Fareed Zakaria, Author - The Post-American World
(Source: BusinessWeek, May 19, 2008)
posted by Ruby @ 1:22 AM   0 comments

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Friday, May 09, 2008
Health benefits of marriage
The MSN article discusses the positives of a happy married life - lower blood pressure.
....spouses can encourage healthy habits in one another, such as eating a healthy diet and having regular doctor visits. People in happy marriages also have a source of emotional support...
Its no surprise that the study found that having a happy married life promotes healthy life. From the financial perspective also, being healthy not only has beneficial impact on finances but having a good married life can also be beneficial if the spouses are in sync on the importance of living within their means instead of comparing their lives with others.

For the complete article, see:

MSN: Happy Marriage, Happy Heart
posted by Ruby @ 7:32 AM   0 comments

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Wednesday, May 07, 2008
Lessons from the Yahoo-Microsoft merger talks
Like most Yahoo shareholders, was disappointed to hear about Microsoft's abandoning the merger talks. While many investors are still hoping that a deal will get done at some point, for Microsoft's sake, I hope Microsoft stays away from Yahoo and builds its own search engine platform.

What's surprising about the merger talks was the tactics shown by Yahoo in avoiding the merger. I think a lot of it happened because its CEO, Jerry Yang, still thinks that Yahoo is his own company rather than belonging to the shareholders. That's the problem with the founder CEOs - they run whole heartedly to the capital markets to raise money but forget the fact that after getting the money, their fiduciary responsibility is to work in the best interests of the shareholders rather than themselves. If such people want to run the company their own way, then they shouldn't go to capital markets to raise money.

One important lesson from this merger - too often, people become so obssessed with getting something that they think that life won't last without getting that thing/person/firm etc. However, over and over, I have seen that life infact gets better even if we don't get the thing/person etc after which we had been running so much. Its just that when we are obssessing about something, we forget to see other opportunities that exist around us and that often are better for us.

Hopefully, Microsoft will realize from this experience that it is better off without Yahoo and it can develop capabilities internally or via mergers with more receptive firms to better compete with Google. Maybe once Yahoo shares drop back to teens and the board of directors get hit with shareholders' lawsuits, Jerry Yang and his cronies will realize that Microsoft's offer of $31-$33 was actually way above the true worth of Yahoo.
posted by Ruby @ 1:05 AM   0 comments

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Sunday, May 04, 2008
Weekend Quote - Come back
Whatever you give to life, it gives you back.
Do not hate anybody. The hatred which comes out from you will someday come back to you.
Love others. And Love will come back to you.

- Author unknown
posted by Ruby @ 9:23 AM   0 comments

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Friday, May 02, 2008
Japan-IDB Scholarship providing full tuition and other benefits towards graduate studies (Deadline: May 12, 2008)
Inter-American Development Bank (IADB) is offering scholarships for the 2008-2009 academic year as part of its Japan-IDB Scholarship Program. Scholarships are available for the Masters Program in development-related fields, such as the social sciences, business, public administration or other technical disciplines (except law and medicine). Applicants for an MBA scholarship must demonstrate immediate prior experience working in the public sector or in an academic capacity.

The scholarship provides benefits covering full tuition, the cost of medical and accident insurance obtained through the university, and allowances for housing, monthly subsistence, books, and economy class travel. However, the benefits may reduced if the student is granted scholarships from from the university or other organizations. Deadline is May 12, 2008.

As per their Web site, the eligibility requirements include:

1. Be a citizen of one of the borrowing member countries of the Bank.
2. Be under the age of 40.
3. Be in good health.
4. Hold a bachelor’s degree or its equivalent in social sciences, business or public administration, or another development-related technical discipline.
5. Have obtained his/her university degree with superior grades.
6. Have at least two years of work experience in a public agency or in an organization devoted to research or teaching in the country of origin or residence.
7. Be currently admitted, but have not yet begun studies, in a Master’s degree program in the social sciences, business or public administration,* or another development-related technical discipline (except Law and Medicine), in a university of a member country other than the country of origin or residence, except in special cases.
8. Be prepared to return to his/her native country upon completion of studies and work for at least two years in order to apply his/her enhanced knowledge and skills towards helping accelerate the economic and social development.
9. Not be an Executive Director, their alternate, staff, long-term Consultant of the Inter-American Development Bank, a blood relative up to the fourth degree, or a relative by marriage up to the second degree. Not be an employee or consultant of any international organization.
10. Applicants must not be elected or appointed political officials during the application process and/or in the last two years of their work experience. (i.e. ambassadors, government ministers or vice-ministers, cabinet secretaries , or equivalent.


For application and other details, see:

Japan-IDB Scholarship
Japan-IDB Scholarship Requirements

For other scholarship-related posts:

Scholarship-Related Posts


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posted by Ruby @ 8:11 AM   0 comments

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Thursday, May 01, 2008
CD interest rates increase
The Wall Street Journal article talks about the increase in CD rates. Despite the Fed's 25 basis point cut yesterday, future interest rates are expected to inch higher as the Fed stops cutting interest rates to combat inflation.

According to the Journal article, several banks such as Capital One Financial Corp., Advanta Corp.'s Advanta Bank and E*Trade Financial Corp. have started increasing their CD rates.
The moves are consistent with the rise in Treasury yields in recent weeks, the absence of further bad news from the credit markets and rising concerns over inflation, says Greg McBride, a senior financial analyst at Bankrate.com. The yield on the five-year Treasury, for example, has jumped to 3.1% from about 2.6% since the beginning of April.

"Everyone's expectation of inflation in the future is increasing," says Larry Fuschino, a senior vice president at Wachovia. "What that does is make customers feel like they want higher rates for longer terms." Earlier this month, for example, Wachovia boosted the yield on a 60-month CD to 4.75% from 4.25% -- a rate it had been offering since mid-February. Prior to that, the rate had been at 2.8%.

KeyDirect recently raised rates on its longer-term CDs by 0.25 percentage point to 4.75% and 5% for its 60- and 84-month CDs, respectively. GMAC Bank LLC raised the rates last week on its four- and five-year CDs to 4.35% from 4% and 4.15%, respectively. Bank of America Corp. has also increased rates on a variety of CDs stretching out as many as 47 months.

Some banks are also raising some of their short-term CD rates. Earlier this month, for example, ING Groep NV's ING Direct raised the rates on its six-, nine- and 12-month CDs to 3.3%, from 2.75%, 2.5% and 2.5%, respectively. Meanwhile, IndyMac Bancorp Inc.'s banking unit is offering special one-year CDs online with a yield of 4.15%.
Personally, I am holding off on putting any new money in the CDs and sticking with the money market account. With the US currently having one of the lowest interest rates in the world, the US dollar is staying weak while the inflation is increasing. As a result, in my view, Fed will have to start increasing rates at some point to address the issue of inflation. So I don't want to put any money right now in the long term CDs unless I find a good promotional rate. Two good sites for finding about such information are:

Bank Deals
Bankrate.com

Bank Deals is one of the best and useful blog sites I have seen, and I like the fact that it's updated frequently with lot of useful info.

For complete article, see:

WSJ: CD Investors Start to See Higher Rates


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Favorite Quote
"If you look at what you have in life, you will always have more. If you look at what you do not have in life, you will never have enough".
                - Author Unknown
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