Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays Bank.
Not sure how I missed this, but the WSJ reported last week that Ally Financial recently failed one of the Fed’s stress tests. They tested the 18 biggest banks in the country and 17 passed.
Apparently their “Tier 1 Common” ratio came in too low (1.5% vs. a required 5%), though they have responded that the Fed’s tests are inherently flawed, arguing that:
“Ally continues to have strong capital levels and ample liquidity to support its automotive finance operations. In addition, Ally Bank continues to be a well-capitalized bank with a leading position in the market.”
And, indeed, they score quite well on other measures — e.g., their Texas ratio is a little under 3.5%, which is excellent.
While their rates aren’t quite as competitive as they used to be, the loyalty bonus when renewing CDs puts them back near the top.
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math (692)
- Dish Network Customer Service SUCKS (534)
- $8,000 Homebuyer Tax Credit (429)
- Pay Off Mortgage Early or Invest? (424)
- How to Claim the First-Time Homebuyer Tax Credit (352)
- Termite Control: Sentricon vs. Termidor (325)
- How Much Should You Pay a Babysitter? (284)
- Ethanol Blended Gas = Lower Mileage? (272)
- Reduced Credit Limits? Share Your Experience (256)
- $15,000 Homebuyer Tax Credit (242)
- Buying Furniture off the Back of a Truck (227)
- Will Mac OS X Lion Kill Quicken 2007? (191)