Money in the Bank

Looks like a good tip on money market rates.

AmTrust Direct is offering one of the highest money market rates on the web at 5.36% APY. This e-Savings Account comes with a $1 minimum requirement to open and you can also deposit it as a CD with a raised minimum deposit of $1,000 USD. The rate is fixed for 90 days and this rate to limited to deposits up to $100,000, anything over will be a 5.00% APY instead of 5.36%.

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Read more from this blogger: AmTrust Direct 5.26% e-Saving Account

Reading the tea leafs in money market rate changes.

And they want to make us believe markets are returning to normal. Money market rates tell a very different picture and I rather rely on the data than the propaganda coming from central banks. And in this reality banks are scrambling to borrow funds at rates significantly higher than what the priests of ever expanding credit would like to see implemented.

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Read more from this blogger: Central Banks Continue on Path of Monetary Inflation

Money market rates are going up with liquidity problems in the credit market.

The Fed along with Canadian and European Central Banks are flooding financial markets with money trying to drive down interest rates and provide liquidity. The European intervention was their largest ever, $130 billion.

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Read more from this blogger: Central banks scrambling