A “fair performance” from the equity release market in the first quarter of this year could be considered a catalyst for providers returning to the market and new ones entering it.
Whilst the performance of the equity release market was down by 4% on the last quarter of 2010 and down 15% year-on-year according to Safe Home Income Plans (SHIP), Director General of the trade body, Andrea Rozario felt there is encouragement to be taken from Q1. She
0.26% 0.33% 0.43% Savings Accounts and Money Market Rates provided by 30 November 2010 The country’s housing market continues to reel, data shows.The real estate sector looked poised to pick up earlier this year, when thousands of people jumped into the market to take advantage of a tax credit extended to homebuyers. Read full post…
If you’re looking for a great money market deal and live in the Washington State area, you could take advantage of the 1.01% increase over current rates from First Independent Bank. The following rates will be available until Dec. 31, 2009:
In order to avoid a $7.50 monthly service fee, your account must maintain a minimum of $1,000. After the 180-day bump-up period, the MMA rate will drop to its standard published rates.
It was more tricks than treats for the stock market as the month of October wound down, but if bank depositors think the stock market’s woes don’t concern them, they may also be in for an unpleasant surprise.
The Dow Jones Industrial Average had four days with losses of a hundred points or more in the last six trading days of October. Explanations vary, including concern that the economic recovery cannot be sustained without further government stimulus, unease that there may be another shoe to drop in the banking crisis, and simply that the stock market had risen too far too fast and was due for a fall.
How does this concern bank depositors, with their nice, safe CDs, savings accounts, and money market accounts?
The issue is that when the stock market is shaky, there is a flight to quality — investors pile into conservative, interest-bearing securities. That