Consumers can qualify for a 6-month, 10% certificate of deposit by opening a primary checking account at a Flagstar banking center in Michigan, Indiana or Georgia.
Troy, Michigan (PRWEB) May 13, 2008 -- Flagstar Bank announced it is offering new checking account customers the opportunity to open a 6-month, 10% certificate of deposit. The minimum opening deposit is $500 and the maximum deposit is $2,500.*
"We think our banking experience is among the best around," said David Joyce, director of Marketing for Flagstar Bank. "We were recently ranked a leader in customer satisfaction in three independent surveys. This CD gives people the opportunity to become a Flagstar customer and experience first-hand all the great benefits of banking with us."
Joyce added that the CD is particularly attractive at a time when interest rates on deposit accounts are dropping.
Flagstar Bancorp (NYSE:FBC), with $15.9 billion in total assets, is the largest publicly held savings bank headquartered in the Midwest. At March 31, 2008, Flagstar operated 167 banking centers in Michigan, Indiana and Georgia and 138 home loan centers in 26 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans.
*Annual Percentage Yield (APY) is accurate as of 4/27/2008. Minimum opening balance requirement is $500; maximum is $2,500. Additional deposits are not allowed during certificate of deposit (CD) term. CD available for new checking account customers who have at least 15 transactions, such as bill payments through online banking and other debits and credits except interest deposits, or at least $250 in direct deposit of income per month. Penalty may be imposed for early withdrawal on CD. A $100 penalty will be imposed against CD balance if checking account is closed before initial 6-month CD term expires or if the checking account does not meet qualifying requirements. Rate effective for a limited time only. Valid only on accounts opened with funds not already on deposit with Flagstar Bank. Offer cannot be combined with coupons or other special offers. The renewal interest rate and annual percentage yield will be determined on your maturity date. Account fees could reduce earnings. Not available for public units. One CD allowed per primary checking account with qualifying requirements. Certain restrictions may apply. Please contact your local Flagstar banking center for more information.
Susan Cherry/Flagstar Bank
5151 Corporate Drive
Troy, MI 48098
Americas Watchdog is offering to help all victims of the auction rate securities scandal. The group has termed the auction rate securities debacle, "the single worst case of fraud in US history". In the auction rate securities scandal, over 100,000 US citizens were told by their name brand US bank, a high profile Wall Street stock brokerage firm, or a financial institution that there was no risk in something called an auction rate security, they were liquid, they were just like cash, there was no risk". In this case its $320 billion dollars. This represents the life savings of most victims. Victims can call Americas Watchdog anytime at 866-714-6466 or visit their web site at http://ARSWatcchdog.
(PRWEB) May 14, 2008 -- Americas Watchdog is offering to help all victims of the auction rate securities scandal for free? Why is this a scandal? Over 100,000 US citizens were told by their name brand US bank, a high profile Wall Street stock brokerage firm, or a financial institution that individual investors should cash in their CD's or money market accounts, because there was no risk in something called an auction rate securities. The victims were also told auction rate preferred shares, or auction rate shares investments were safe, they were liquid, etc. On February 14th 2008, the auctions failed, and now over 100,000 US investors are wondering if they will ever see their money again. According to Americas Watchdog, "this is the single worst case of fraud in US history. We want to hear from every victim at 866-714-6466" so we can try to help them with honesty".
So Who Is The Typical Auction Rate Securities Victim:( in auction rate preferred shares or auction rate shares)? The typical victims are as follow:
Working class men, women or couples who were conned into putting their life savings into somethings called a auction rate preferred shares (ARPS), or auction rate shares (ARS) by their local banker, stock broker or financial adviser.
Retired people were lied to, and moved their money out of CD's into auction rate securities because their banker or stock broker lied to them about the risk factors and liquidity.
Small business people were conned into putting their companies operating capital into auction rate securities as a way to get a better interest rate, because a APRS or ARS was just like cash (A huge lie).
Individuals about to buy a home were conned into auction rate securities by US bankers, main street stock brokers and investment bankers. Now these same individuals have in many cases lost their damage deposits, or have been harmed in other ways.
Individuals who did not trust the current US stock market were told by the stock broker or bank, "auction rate securities are just like cash & there is no risk". According to Americas Watchdog, "it was a lie."
Important note: Americas Watchdog has talked to hundreds of auction rate securities victims who think the banker, stock broker or investment banker who sold them the bill of goods is a "nice man or woman". According to Americas Watchdog, "if they were so nice, they should have never sold something as toxic and risky as an auction rate security to anyone. We think they sold the ARPS & ARS because they received a higher commission for doing so. Never mind the fact for many it was their life savings; they made more money so they did not care".
So what should any individual involved in the auction rate preferred shares (ARPS) or auction rate shares (ARS) scandal do?
According to Americas Watchdog, "we want every victim to call us because they need to start making smart choices to protect themselves, and we want to tell them everything we know".
Americas Watchdog & their Auction Rate Securities Complaint Center is recommending that most auction rate shares or auction rate preferred shares victims talk with an arbitration law firm that has a specialty in securities law. The group can makes some very good suggestions.
Extra Important Note: Some personal injury type law firms with no securities experience are now creating web sites that say they can help victims with a class action. If a consumer who was defrauded with auction rate securities (ARPS or ARS) wants to know who to call, Americas Watchdog can make some good recommendations. Any auction rate securities victim can call Americas Watchdog anytime at 866-714-6466.
Americas Watchdog will try to explain the secondary market to every consumer who has a auction rate security. The secondary market is a place that has been created to buy investors out of the ARPS or ARS investment. While the secondary market will involve a discounted sales price, a good portion of the discount could be made up in the arbitration process. The ARS Watchdog web site is located at Http://ARSWatchdog.Com
Another reason Americas Watchdog wants to hear from every consumer is because of so much disinformation about a miracle fix for the auction rate securities disaster. Disinformation includes, a magic fix by the tooth fairy, the SEC, state regulatory agencies, or even all of the banks stock brokers or financial institutions giving people back all their money. Many consumers are being told, "your uninsured student loans are fine". Americas Watchdog calls it, "another lie". "This is why we want victims to call Americas Watchdog as an honest national resource in this incredibly bad situation". The groups number is 866-714-6466.
Americas Watchdog has been at the forefront of trying its best to assist all victims of the auction rate securities disaster. The group intends to continue all of its investigation and its efforts to assist all victims. Anyone who purchased an auction rate shares or an auction rate preferred share should call Americas Watchdog at 866-714-6466 or visit their web site at Http://ARSWatchdog.Com
Americas Watchdog and its ARS Watchdog are all about protecting consumers in what will turn out to be the single worst case of fraud in US history.
Last month, online trading platform FreeTrawl.com saw offers being made on policies from over 40 different Life Funds. In the past this would have been unusual behaviour but as more and more people are investing in endowment policies and selling endowments, this is becoming common practice.
Blackwater, UK (PRWEB) May 14, 2008 -- Last month, online trading platform FreeTrawl.com saw offers being made on policies from over 40 different Life Funds. In the past this would have been unusual behaviour but as more and more people are investing in endowment policies and selling endowments, this is becoming common practice. The increase in demand amongst those buying policies means that people are now using in a wider range of Life Companies than they were before.
Traditionally, people are used to seeing traded endowment policies being bought from the big players such as Norwich Union, Prudential and Standard Life. However, the recent changes in the market have seen the likes of the Life Association of Scotland, National Farmers Mutual and Eagle Star now receiving offers for policies. This is great news for the smaller and less known companies because previously they have had low investment demand.
Jo Bridger, head of marketing at FreeTrawl.com has said, "With the majority of traded policies going into large funds, there is both increased demand and a need for diversification. The funds are achieving this by including the smaller and weaker life funds amongst their portfolios."
There has been plenty of speculation and research into why the demand for endowment policies has continued to increase recently. One of the possibilities is the fact that investors in continental Europe have a strong desire to seek out low risk investments that can provide capital growth. They are particularly drawn to the UK which has a strong with -- profits sector and traded endowment policy growth opportunities.
The rise in the number of people buying and selling endowments has finally given smaller companies the chance they need to be seen and heard in a competitive market. Under normal circumstances this would be virtually impossible as people tend to stick to companies they have heard of because they feel safer investing their money in them.
This is also a step forward for those who are looking into selling endowments as the market is so good at the moment. Jo Bridger has said, "This is great news for policy holders who need to sell their endowments and now is a good time for advisers to talk to their clients about selling." It is even possible for advisers to get a range of quotes from endowment buyers and trade policies or free at IFA trading platform www.freetrawl.com.
FreeTrawl.com was established in 2000 and has since gone on to become the leading IFA trading platform for traded endowment policies. Their parent company is PolicyPlus International Plc which has also enjoyed much success. The company is a leading market maker, Queen's Award Winner and is widely recognised throughout the industry.
For further information regarding FreeTrawl.com, traded endowment policies and selling endowments contact Head of Marketing, Jo Bridger on 01225 473117 or visit http://www.freetrawl.com.