New Market Rates Insight Research Links Low Deposit Interest Rates to Low FDIC Insurance Fund Balance
Summary
San Anselmo, CA, October 03, 2009 --( In the first quarter of 2007, when the FDIC insurance fund balance was around $50 billion, the national average interest rate for CDs and Money Market was 4.25 basis points.Today, the FDIC insurance-fund balance is about $10 billion, and the national average interest rate for CDs and Money Market is 1.77 bps.MRI uses deposit surveys, mortgage and consumer loan surveys, fee and feature studies, scanned ads, new product alerts, and market share and money fund reports to give subscribers the intelligence they need to profitably react to emerging trends.MRI uses deposit surveys, mortgage and consumer loan surveys, fee and feature studies, scanned ads, new product alerts, and market share and money fund reports to give subscribers the intelligence they need to profitably react to emerging trends.MRI’s products include customized, web-enabled market research tools that report on rates, as well as online searchable databases, gauges, alerts, and dashboards that aggregate key client data to provide real-time views on how they stack up against market competitors.Market Rates Insight is located in San Anselmo, California.