How did America’s largest banks, including JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Citigroup (NYSE:C) make over $11 billion from overdraft and NSF fees in 2015? For the first time, the Consumer Financial Bureau has made it easy to understand by … Continued
As the financial industry moves into the internet age, more and more options are becoming available for consumers. In the old days, banking required you to go to branch and speak with a teller or a manager to get anything … Continued
When most people hear about CDs, they start wondering why anyone would still buy them in a world where music has gone digital. However, the financially savvy can usually tell within a few words of the conversation if the term … Continued
The banking industry has always been in a state of change, especially over the past decade. With new technologies and ways to improve productivity surfacing every year, banks are engaging in these changes to increase customer loyalty and maintain competition. … Continued
It’s never too early to begin building your nest egg. Safe and effective investments can help you slowly and steadily grow your savings. You may have heard the term “CD” commonly used in banking. If you’ve asked yourself, “What is … Continued
With financial market uncertainty, it is comforting to know that there is a base level of protection for bank accounts held at financial institutions that are insured by the Federal Deposit Insurance Corporation (FDIC). FDIC insurance, which offers coverage for bank … Continued
*** Article Updated for 2018: https://banks.org/overview-of-high-yield-online-savings-account-options-for-2018/ Savings accounts: everyone should have at least one, but when your local bank is offering to pay you interest at dismal rates as low as 0.01%, saving can be downright discouraging. Thankfully, in … Continued
It is important for everyone to have some sort of savings. Depending on your age and how much money you have to put into savings, there are many different options available. For some people, a traditional in bank savings account … Continued