The talk of a rising economy that will lift all boats is a common theme in the national media these days — even though Wall Street itself doesn’t necessarily think so.
Wall Street has a self-proclaimed “anxiety barometer” called the CBOE Market Volatility Index (Stock Quote: VIX). The VIX leapt by 30% on Tuesday, its largest spike since Oct. 22, 2008.
The fear, for a lack of a better term, is based on ratings cuts on two European countries — Greece and Portugal. The Eurozone stands on shaky legs these days and Wall Street investors know it. For bank depositors, more bad news from Europe could spill over into the U.S. economy, driving interest rates back down again as more investors flock back into the bond market. Yesterday’s stock market woes might have already triggered such a stampede.
It’s a frustrating time for bank investors. Just when good economic news perches on the windowsill, some piece of bad economic news scares it off.
The good news? It’s all the more reason why investors should intensify their hunt for good bank deals. That’s what we do here at BankingMyWay every Wednesday, with our Deals of the Week. There are good deals out there — and it’s our job to find them.
Let’s start this week with an interesting checking account deal.
TD Bank (Stock Quote: TD) is out with a checking account deal where you can get a new Flip Ultra video camera for opening an account.
Enroll in a new TD Bank checking account and you’ll receive a new Visa (Stock Quote: V) debit card. Use the card to make eight purchases, then make two online bill payments through your checking account. Once you’ve done that, just wait six weeks and you’ll get your new Flip camcorder.
Some minimum requirements come into play. You’ll need an initial deposit of at least $100, and all qualifying purchases made with your debit card must be made within 45 days of opening the account.
The deals ends on June 5. Find out more at the TD Bank Web site.