Editor's Note: Our sister site, MainStreet.com provides a variety of features to help you save, spend and live better. Here's a sample from today's lineup:
What the Rate Cut Means for Credit CardsThe Federal Reserve, the European Central Bank and other major central banks cut interest rates Wednesday in a coordinated effort to stem the global financial crisis. To see what this means for consumer rates, click here: credit cards.
Back to Basics: Get the Best Savings RateWith most of the advice out there advocating a cash position in this economy, you want to maximize your savings rate. The average money market account is earning just under 2.5% nationally, and the average interest checking account is growing at a rate of 1.5%. MainStreet personal finance expert Farnoosh Torabi explains how to find the best rates. Also check out www.BankingMyWay.com to compare rates for various bank products across the nation. Here's a sample:
Another Great Depression: Fact and FictionThough stock prices have been falling on Wall Street, it's still unclear whether we're due for a tough financial imbroglio, or something more serious akin to the Great Depression. MainStreet consulted Warren Brussee, author of The Great Depression of Debt, and Gerald Hanwick, professor of finance at the School of Management at George Mason University, to weigh in on the potential for another Great Depression.
On The Ligher Side: Weekend Wine Picks