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Intuit has free offerings for small businesses looking to cut start-up costs or just reduce ongoing expenses for a while.  See their Small Business United program at http://www.smallbusinessunited.com.  They are offering Free QuickBooks Simple Start software, Free  payroll services for six months, and a Free website for a year.  All of these are useful for any business.  They also have some Free offerings related to retail businesses and credit card processing.  It’s definitely worth checking out.

See:
http://www.smallbusinessunited.com

All of the LIBOR rates are down substantially over last month.  See links below.

The 1 Year Constant Maturity Treasury Rate (1 Year CMT) was 0.50% for May.  This brings the 12 Month Treasury Average (12 MTA) down to 1.210% nearing it’s low for the last decade.

As announced yesterday, the 11th District Cost of Funds Index (COFI) dropped again in April to 1.380%.   For comparison, the Certificates of Deposit Index (CODI) was 2.265% for April and the Wachovia Cost of Savings Index (COSI) was slightly changed at 3.55% (unconfirmed number) for April.

All of our rate data, graphs and charts have been updated to reflect the new data.  (The Prime Rate and Fed Funds Rate remain the same.)

See:
http://www.moneycafe.com/library/libor.htm
http://www.moneycafe.com/library/1monthlibor.htm
http://www.moneycafe.com/library/3monthlibor.htm
http://www.moneycafe.com/library/6monthlibor.htm
http://www.moneycafe.com/library/cmt.htm
http://www.moneycafe.com/library/mta.htm
http://www.moneycafe.com/library/cofi.htm
http://www.moneycafe.com/library/codi.htm
http://www.moneycafe.com/library/cosi.htm