Current Events and Banking Industry News

Bank Hacked Prescription: Take These Steps for Self-Protection

August 28, 2014

Consumers concerned about the safety of their bank and credit accounts should take defensive and proactive steps right away to protect their financial well-being if hackers have attacked. And these days, that seems to include [...]

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As Bitcoin Becomes Better Known, Most Shrug It Off

August 27, 2014

Familiar with digital money but don’t plan to touch it? Plenty of people feel the same way. More than half of Americans have heard of virtual currencies like Bitcoin, but most – 65% – say [...]

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Military Mortgage Relief Promoted by Lenders in White House Push

August 26, 2014

In the Army now (or Navy, or Air Force) but still have some big bills to pay? Some relief may be available, and a handful of big banks and mortgage companies aim to make sure [...]

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Millennials Often Feel `Extreme Financial Stress,’ Survey Shows

August 25, 2014

About a decade out of school and still finding the going tough, economically speaking? You’ve got company. More than one in five Americans 24 to 34 struggle to make ends meet, saying they’re under “extreme [...]

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Checking

Is Overdraft Protection Must-Have Coverage?

August 21, 2014

You don’t have to be broke or even bad at managing your money to occasionally overdraw your bank account. With 90% of American adults using checking services, overdrafts are relatively common. Despite this, new research [...]

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P2P Online Payment Systems Cut Costs and Hassles

August 4, 2014

For better or worse, new technology makes sticking your friend with the restaurant check or shirking your share of the monthly bills much harder these days. As using person-to-person (P2P) online payment systems mean moving [...]

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New Account Bonuses Draw Bank Hoppers Trying to Cash In

July 25, 2014

Gone are the free thermoses and knife sets that once rewarded new checking or savings accounts. Now, banks and credit unions are using cash to attract depositors. The incentives may convince some people to switch [...]

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The History of Bank Accounts

June 16, 2014

Opening savings and checking accounts at retail stores seemed like a radical idea in 2012 when American Express and Wal-Mart launched Bluebird accounts. Today, making deposits and cashing checks at one of 4,000 Wal-Marts (deposits [...]

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Rates

Alternatives to Jumbo CDs

July 10, 2014

Getting a jumbo certificate of deposit (jumbo CD) from a bank used to be an attractive option for many people looking for a risk-free way to invest a large amount of savings. But today, because [...]

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When to Consider Getting a CD for the Kid

June 30, 2014

Instilling a sense of financial literacy in children is a valuable life lesson. Having a piggy bank is a good start for teaching the young ones about saving, but as your children get older and [...]

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Rising-Rate CDs Explained

June 30, 2014

Investors in certificates of deposit (CDs) typically give up the flexibility to move funds freely in exchange for higher interest rates than they can get on savings accounts. But with rates for CDs near record [...]

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Who Uses Certificates of Deposit Anyway?

June 20, 2014

Since interest rates on certificates of deposit (CDs) have dropped during the past few years, a decline in popularity for the savings instruments should come as no surprise. However, this begs the question: Who still [...]

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Banking FAQs

Personal Checks Ran Out? There Are Actually Alternatives to Reordering

August 18, 2014

Even though personal checks accounted for less than $20 billion in U.S. transactions in 2012 – down from $40 billion in 2000 – many people still rely on that old-fashioned payment method, particularly in certain [...]

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Subprime Auto Loans: Boon or Bane?

August 12, 2014

For consumers down on their luck with a checkered borrowing history and who need a car, subprime auto loans sound promising: they’re easy to get even for people who have a low credit score, are [...]

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Can I get an RV Loan at a Bank or Credit Union?

August 7, 2014

Summer is here, and that means vacations, campouts and, of course, road trips. But before you hit the open road or set out on a camping adventure, you may want a recreational vehicle. And before [...]

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Learning Personal Finance Lessons Your Parents Actually Skipped

July 31, 2014

Parents have a long list of lessons to teach their children, from tying a shoe to the purpose of a curfew. Perhaps money management didn’t make the cut in your childhood curriculum. While almost three-quarters [...]

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