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Recent Posts
Should the Fed Raise Rates?
This year has been tough for savers. Record-low interest rates have made it difficult to grow money stashed in savings accounts or CDs, and many retirees have had to dip into their principal savings because their interest earned hasn’t been enough ...
How To Ladder CDs
With interest rates at all-time lows, people looking to invest cash in CDs face tough decisions about how long they should lock up their money. Should they invest in a short-term CD that earns only a little bit more than a regular savings account? Or...
Regulation D: The Difference Between Savings and Checking Accounts
In recent years, it’s become increasingly difficult to tell the differences between savings and checking accounts. Many banks now offer savings accounts that allow some sort of check writing, online bill pay, and debit card use, features historical...
Beware of Online ACH Transfer Limits
Over the past decade, many banks have added a feature to their websites allowing customers to transfer money to and from accounts at other banks. This feature, called Online ACH Transfers, is especially prevalent among online banks with no branches, ...
Data Shows Banks Getting Worse Not Better
The FDIC released updated financial information for all banks it insures last week, and the results are worse than even last quarter. Most notably, overdue loans have reached an all time high – 4.35% of all loans are overdue which means about $320 ...
Deposit Checks With Your iPhone
A few weeks ago, we wrote about how banks are beginning to let consumers deposit checks online with their scanners. As we mentioned in that article, USAA was the first of the banks to offer this service with their Deposit@Home technology. Now USAA ha...

