Dedicated to Deposits: Deals, Data, and Discussion
Back to Main Forum Page

Search Results

Show results as: Threads | Posts
Friday, April 18, 2014 - 8:14 AM
Customers Say They Care About Bank Fees, But Don't Show It
Banking customers may not be as aggressive as they think about avoiding fees. "It's surprising how little attention consumers are paying to their banking account at a time when we're being hit with an endless barrage of fees," says Gabe Krajicek, chief executive at Kasasa, an Austin Texas checking and savings account services provider.

Customers Say They Care About Bank Fees, but Don't Show It | Save | Get the best rates on mortgage, home equity loans, CD, money markets and checking accounts | BankingMyWay
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Friday, April 18, 2014 - 8:09 AM
4 Banking Trends To Expect In The Next Decade
Considering the staggering changes in banking we’ve experienced over the last decade, it’s safe to say predicting what will happen next is like trying to guess who is going to win the World Series. We can make some educated guesses, but — to really hammer the metaphor home — there’s always a chance a curve ball is thrown our way. That said, a number of banking industry trends have emerged that say a lot about where the industry is going. And understanding where it’s headed can help better shape your finances today.

4 Banking Industry Trends Shaping the Future of Banks
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
AllyAlly774 posts since
Jan 16, 2010
Rep Points: 2,258
Thursday, April 17, 2014 - 12:11 PM
Out Of Ammo? The Eroding Power Of Central Banks
Since the financial crisis, central banks have slashed interest rates, purchased vast quantities of sovereign bonds and bailed out banks. Now, though, their influence appears to be on the wane with measures producing paltry results. Do they still have control?
http://www.spiegel.de/internation...ng-a-964..
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Wednesday, April 16, 2014 - 8:57 AM
Return On I Bonds Set To Jump This Spring
Here's a little glimmer of hope for savers: the return on inflation-adjusted savings bonds is going to increase significantly over the next six months. Based on the latest Consumer Price Index released today, the U.S. Treasury will set the total return on Series I Savings Bonds to at least 1.82% for all bonds sold between May 1 and Oct. 31. That yield is better than you can earn on most CDs or money market accounts.

Return on I Bonds set to jump this spring | Interest.com
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Wednesday, April 16, 2014 - 8:49 AM
Fake Credit Union Swindles $12.8 Million From Investors
On Friday the SEC charged an Indianapolis man, Timothy J. Coughlin, 63, “with conducting an Internet offering fraud in which investors lost millions of dollars by investing funds in a fictitious credit union.” The fake credit union, named Oxford International Credit Union, was the front through which Coughlin allegedly collected funds from more than 5,000 investors from all 50 states and the District of Columbia.

SEC Says Fake Credit Union's Ponzi Scheme Stole 12.8M
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Wednesday, April 16, 2014 - 2:25 AM
Amazing Customer Service!!
Barclays 5 stars (5 stars)
I had planned to move an expiring CD from Alliant CU to Barclays, but I couldn't log on to my Barclays account. (My computer had been slow and weird for a couple of days.)

I called Barclays customer service and the phone guy went way beyond "bank teller" and walked me through clearing the cache on my computer and doing diagnostics and fixed my computer!! I logged on to my account and quickly set up my new CD.

Kudos to Barclays for going above and beyond.
carlycarly23 posts since
Sep 2, 2011
Rep Points: 81
AllyAlly774 posts since
Jan 16, 2010
Rep Points: 2,258
Tuesday, April 15, 2014 - 4:33 PM
Heartbleed Makes 50M Android Phones Vulnerable, Data Shows
At least 4m Android smartphones in the US, and tens of millions worldwide, could be exploited by a version of the "Heartbleed" security flaw, data provided to the Guardian shows.   Worldwide, the figure could be 50m devices, based on Google's own announcement that any device running a specific variant of its "Jelly Bean" software – Android 4.1.1, released in July 2012 – is vulnerable.

Of the smartphones in use, only Android devices are vulnerable to this form of attack. Apple does not use the vulnerable version of OpenSSL on the iPhone or iPad, while Microsoft said that neither Windows Phone nor Windows is affected.

Heartbleed makes 50m Android phones vulnerable, data shows | Technology | theguardian.com


ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
AllyAlly774 posts since
Jan 16, 2010
Rep Points: 2,258
Tuesday, April 15, 2014 - 9:37 AM
How Retirement Fees Are Straining The Middle Class And What We Can Do About Them
All retirement funds should have a clear, understandable label that provides consumers with relevant, concise, and accessible information about fees. Improved fee disclosure could help individuals make better financial decisions—especially since data show that higher-cost funds do not necessarily perform better—and could encourage firms to provide lower-cost options.

Fixing the Drain on Retirement Savings | Center for American Progress
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
AllyAlly774 posts since
Jan 16, 2010
Rep Points: 2,258
AllyAlly774 posts since
Jan 16, 2010
Rep Points: 2,258
Tuesday, April 15, 2014 - 8:24 AM
Social Security Halts Effort To Collect Old Debts
WASHINGTON -- The Social Security Administration is suspending a program in which thousands of people were having their tax refunds seized to recoup overpayments that happened more than a decade ago.   Acting Social Security Commissioner Carolyn W. Colvin said Monday she has directed an immediate halt to the program while the agency does a review.  

Social Security halts effort to collect old debts - AP State Business News - The Sacramento Bee
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Tuesday, April 15, 2014 - 7:15 AM
Tax Return Identity Theft - Steps To Take If You're A Victim
If you attempt to electronically file a tax return and you get an error message that begins with "Reject Codes IND-508", you could be a victim of tax return ID theft. This article at ClarkHoward.com has a useful review of the steps to take if you're hit with this type of ID theft.
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
Tuesday, April 15, 2014 - 7:08 AM
Information From Ally Bank On The Heartbleed Online Bug
Ally Bank
When I first reported on the Heartbleed internet security bug, I was not able to get an "all clear" on ally.com from online Heartbleed checkers. It looks like Ally.com is in fact safe from this bug. According to this Straight Talk Ally blog post:
We have determined that we are not affected by the Heartbleed bug, and therefore, we do not recommend any specific actions by our customers at this time.
Read more
 
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
Tuesday, April 15, 2014 - 7:01 AM
US Bank To Acquire Document Custodian Business From Ally Bank
Ally Bank
I didn't know Ally Bank had a document custodian business. Well, it won't have it much longer. According to the BBR news:
US Bancorp (USB) has announced that its lead bank, US Bank National Association, has entered into a definitive agreement to purchase the document custodian business of Ally Bank.
Read more
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
Monday, April 14, 2014 - 8:29 PM
10 Days To Clear A CHASE CASHIERS Check ??
My credit union is telling me it will take 10 days to clear a CASHIERS CHECK.  I thought they were as good as cash ? 
and this makes it even more puzzling; -- I am 2000 miles away from my credit union and wrote a personal check that was cashed the same day and funds were withdrawn from account that same day. - from 2000 miles away ...... but a CASHIERS CHECK has to wait 10 days ?????? !!
diamondxdiamondx63 posts since
Jan 19, 2011
Rep Points: 151
Monday, April 14, 2014 - 4:41 PM
4 Places You Should Not Swipe Your Debit Card
Breaking news such as the massive data breach at Experian or Target now seems common. Leaving aside the victims of actual fraud, I hear constantly from people who've had to swap out every debit and credit card, or whose cards were unilaterally replaced by their bank. This causes all sorts of problems.   Sometimes it makes you long for the days of cash. While cash is not practical for everything, there are very compelling reasons to consider it or other alternatives instead of those debit cards.

4 places you should not swipe your debit card
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Monday, April 14, 2014 - 8:31 AM
Why More People Are Saving Tax Refunds Despite Low Interest Rates
According to National Retail Federation data published on CNN, the number of Americans choosing to save their tax refund has consistently climbed since the Great Recession. Concurrently, years after the economic turmoil of 2008 to 2009, interest rates today are starting their slow assent.

http://www.gobankingrates.com/tax/three-ways-using-federal-tax-refund-poll/

ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Sunday, April 13, 2014 - 6:02 PM
Fed Policy Maker Warns On Low Rates Stance
The US Federal Reserve’s plan to keep interest rates low even once the economy is back to normal could risk a policy mistake, a Fed policy maker has warned in an interview with the Financial Times. James Bullard, president of the St Louis Fed, said he did not see a persuasive reason to think interest rates should be below their long-run level in 2016, if unemployment and inflation are back to normal.

Fed policy maker warns on low rates stance - FT.com
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Sunday, April 13, 2014 - 5:29 PM
Texas Banking Chief Issues Rules For Bitcoin
Texas will not treat Bitcoin and other virtual currencies as legal money, according to a new memo from the Texas Department of Banking. Yet some companies that deal in Bitcoin transactions could draw state oversight, even if they are based outside of Texas.

Texas Banking Chief Issues Rules for Bitcoin | The Texas Tribune
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Sunday, April 13, 2014 - 8:55 AM
'Financially Repressed' Seniors Struggle In Retirement
“Interest rates that have prevailed for the last few years have made it more challenging for savers to accumulate wealth, particularly if they are trying to do so in a relatively risk-free way," James Poterba, professor of economics at the Massachusetts Institute of Technology in Cambridge, told Bloomberg.

'Financially repressed' seniors struggle in retirement | Interest.com
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Friday, April 11, 2014 - 6:23 PM
U.S. Rallied 120 Nations In Response To 2012 Cyberattack On American Banks
In the spring of 2012, some of America’s largest banks were coming under attack, with hackers commandeering servers around the world to direct a barrage of Internet traffic toward the banks’ Web sites.   The assaults, believed to have been launched by Iran, were bringing the sites down for hours at a time and disrupting customer business — the first significant digital assault of its kind undertaken against American industry computers by a foreign adversary.

http://www.washingtonpost.com/wor...12-cyber..
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Friday, April 11, 2014 - 5:11 PM
Home Federal Bank (LA) Covertly Lowered Their RCA Limit
Home Federal Bank (LA)
Smart Rewards Checking: From (4%, $20K) to (4%, $15K); closer to Pelican State Credit Union (PSCU)'s (4%, $10K).  Not even clear when they lowered the limit.

Southwest Airlines FCU is the sole leader (4%, $25K) by a wide margin. Between (4%, $15K) and NACCU's (3.51%, $25K), I would rather select the latter.
51hh51hh1,460 posts since
Jan 16, 2010
Rep Points: 6,348
Friday, April 11, 2014 - 7:04 AM
The Global Economy May Be Facing An Extended Period Of Low Interest Rates
Two of the world’s most prominent economic institutions, the International Monetary Fund and Former US Treasury Secretary Larry Summers, recently warned that the global economy may be facing an extended period of low interest rates. Why is that a bad thing, and what can be done about it?

http://www.project-syndicate.org/...s-for-th..
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Friday, April 11, 2014 - 6:17 AM
Social Security, Treasury Target Taxpayers For Their Parents’ Decades-Old Debts
Across the nation, hundreds of thousands of taxpayers who are expecting refunds this month are instead getting letters informing them that because of a debt they never knew about — often a debt incurred by their parents — the government has confiscated their check.

http://www.washingtonpost.com/pol...-of-taxp..
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Friday, April 11, 2014 - 5:55 AM
H&R Block Will Sell Bank To Bofi Holding
H&R Block Bank
From AP News via Bloomberg
H&R Block said Thursday it has a new deal to sell its banking business, this time to BofI Holding Inc., the parent company of Bank of Internet.
Read more
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
Thursday, April 10, 2014 - 7:55 PM
Fed Dropped Jobless Target In Secret Meeting
WASHINGTON (MarketWatch) — Federal Reserve officials had a secret video conference call in early March and reached a general consensus that the 6.5% unemployment rate threshold for the first rate hike was outdated, the central bank said Wednesday.

Fed dropped jobless target in secret meeting - The Fed - MarketWatch
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,619
Thursday, April 10, 2014 - 4:20 PM
Bestbank: Get Up To $110 With Our Spring Checking Event.
Guaranty Bank (WI)
BestBank is the Georgia division of Guaranty Bank of Wisconsin. They're found in Kroger and Walmarts in the metro Atlanta area. They're offering this promotion in-branch only, and although it says "new customers", the CSR said it'd be valid for anyone who hasn't had an account in over a year and and closed the account in good standing. From their brochure:

BestBank: Get up to $110 with our Spring Checking Event
This is the offer you've been waiting for. With out Spring Checking Event you can get up to $110* with monthly activity:
- $5 just for opening your account, and- $5 for each month you use your debit card 5 times - maximum of $55, and- $50 for ongoing direct deposits.
And with so many options, we've got an account for everyone.- Free & Easy Checking: Our flagship account that will save you from monthly service fees and minimum balance requirements.- Relationship Checking: With no overdraft fees, this account is everything you want from a prepaid card and so much more.- 50 Plus Checking: An interest bearing account just for those 50 years or better.
See branch for details. To find a branch near you, go to www.bestbank.com

To receive the bonuses defined below, you must be a new customer to the bank who opens a personal checking account from April 1, 2014 to May 31, 2014. Minimum to open the Free & Easy, 50 Plus checking, or Relationship cheking is $25. Bonuses are one per tax reporting TIN. New account and direct deposit bonuses are subject to 1099 reporting; you are responsible for any applicable taxes. Offer subject to change without notice. Account opening is subject to approval.
$5 new account bonus
will be credited to the new customer personal checking account within 3 business days of the account opening date.
$50 direct deposit bonus
If the new customer personal checking acount has Social Security, Payroll, or Retirement direct deposits totaling at least $400 each calendar month for three consecutive months within 120 days of the account opening date you will receive $50 direct deposit bonus which will be credited to the account within 30 days of meeting the direct deposit requirements.
$5 monthly debit card bonus up to $55
Beginning the month after the new customer personal checking account is opening and continuing for a total of 11 calendar months, you will receive a $5 debit card bonus for each month the account has five (5) credit or PIN based debit card POS purchase transactions of any amount which post to the account by the last day of the month. ATM, refunds, pending, and in-process transactions are excluded. Each $5 bonus will be credited to the account by the 7th day of the following month. If you open your account in April, the 11 months are May 2014 through March 2015. If you open your account in May, the 11 months are June 2014 through April 2015.
AtlantaWolfAtlantaWolf38 posts since
Jan 16, 2010
Rep Points: 170