The inflation rate is the measure of the rate of increase in the price index over time. The prices of goods and services rise in an economy over time. Consequently the purchasing power of every dollar decreases over time. The current inflation rate isn’t too bad at the time of writing this post. The 2010…
Since the “great recession” hit, people in the US have gotten into the habit of trying to save more money. This has paved the growth for new sites like groupon, which recently turned down a bid from Google and has raised half a billion dollars. In light of this new trend of saving money I…
Police and Fire Federal Credit Union (PFFCU) is offering a leading 3% APY 5 year CD, as well as a 2.5% APY 4 year CD and a 2% APY 3 year CD. The minimum deposit on all accounts is $500. The early withdrawal penalty is exceptionally harsh with losses of 360 days of interest. PFFCU…
BP is running a promotion where they give you a free $10 gas card when you fill up your car 5 times at their gas stations. The promo is called Thank You Days and is running until the 1st of March. To get the gas card you’ll need to register at the link in this…
It appears that Main Street Bank of Kingwood, Texas terminated a bunch of their CDs early on Christmas Eve a couple weeks ago. Their excuse for closing these accounts early is that FDIC regulations require strict capital requirements, and they must close these deposit accounts in order to meet their capital regulations. CDs are usually…
I thought I would share my Bromoney monthly earnings report with my readers. As someone who builds websites, I am always interested in hearing how much websites make and when I tell people that I make money through websites they’re always fascinated that I can actually do it. So I thought my readers might be…
Dime Savings Bank is offering a 1.65% APY 10 month CD, but there’s a catch. You need to have a checking account with them and you need to get direct deposit or do online bill pay at least once a month. The CD also has a minimum deposit of $500. Dime Savings Bank uses the…
I’m a sucker for freebies and I know a lot of you are as well so I thought I’d share with you the free MP3 download that Bing is running. The link to get your promotional code can be found here. What you need to do is to enter in your email address and they’ll…
Happy holidays to everyone! I know I haven’t posted for a while but I’ll be back posting regularly again after a long break for Bromoney. I’ve updated the CD rate tables and savings account rate table and added in some new features. The savings page and CD page now feature the top 3 rates that…
A recent FICO sponsored survey polled 127 risk managers at US firms. 83% of those polled said they expect credit limits on new credit cards to be lower than they were in the past and a whopping 95% said they expected credit card interest rates to stay the same or move higher. Additionally, 85% of…