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Wednesday, August 27, 2014 - 1:57 PM
100% Happy With Ally
Ally Bank 5 stars (5 stars)
I am also a TD customer and one thing I need to mention to Ally customers is that TD bank seems to block Ally from using their ATM's Every time I go into a TD bank after placing my Ally card in, suddenly the ATM is out of service and spits my card out. It stays that way for a few minutes then goes back to normal. I think its because Ally doesn't let them charge us fees. anyway Ally has ben 100% accurate and 100% friendly and eager to help. Its great to finally have a bank that isn't looking for ways to steal my money.
mikesterrmikesterr1 posts since
Aug 27, 2014
Rep Points: 1
Wednesday, August 27, 2014 - 1:44 PM
The Last Time CD Yields Were At 10%
That 10.01% APY CD had to be restricted to very a low dollar amount. I would bet the CD was  restricted to no more than $500 to $1,000 per depositor.
loulou553 posts since
Aug 3, 2010
Rep Points: 3,432
Wednesday, August 27, 2014 - 12:22 PM
Transitional IRA 2.40% APY At Wescom Central Credit Union
Wescom Central Credit Union
Nice find!   A helpful CSR provided the following additional info: minimum $500 deposit, EWP on this 90-day certificate is 90 days of interest.  The CD is an ongoing product, and the rate changes every week, typically Wednesdays, but of course can change at any time.

The CSR added that one must visit a branch in person to open an account. 
pearlbrownpearlbrown1,482 posts since
Nov 2, 2010
Rep Points: 6,440
Wednesday, August 27, 2014 - 11:39 AM
I Agree Totally With #4
Ally Bank 1 stars (1 stars)
This review is 4 years old, and involves a very particular situation, including some potential contributing factors by the poster. I've been a customer with Ally for 4 years, owning CD and savings accounts, and have never had a major issue.
Nick BauerNick Bauer1 posts since
Aug 27, 2014
Rep Points: 1
Wednesday, August 27, 2014 - 11:12 AM
Alliant Credit Union Transfer Capabilities Are Unavailable
Alliant Credit Union
The transfer capabilities appear to have been restored as of 1030 CT.
pearlbrownpearlbrown1,482 posts since
Nov 2, 2010
Rep Points: 6,440
Wednesday, August 27, 2014 - 8:48 AM
Why Bad Online Reviews Are Good For A Bank
Getting a bad online review can be a big nightmare for banks and credit unions. As awful as that may seem, nothing could be worse than having a disgruntled consumer who is unhappy with your service… and you never know the reason.  No financial institution is ever going to be perfect, and you can’t make every consumer happy.  But negative reviews on sites like yelp.com (or depositaccounts.com)* can teach banking executives a lot, and help the bank improve its overall experience for consumers.

Why Bad Online Reviews Are Good For Your Bank
* My addition.
ShorebreakShorebreak2,694 posts since
Apr 6, 2010
Rep Points: 14,606
Wednesday, August 27, 2014 - 8:36 AM
Bank Fees Survey Mid-2014: Fees Hit New Highs
By Richard Barrington @ MoneyRates.com Senior Financial Analyst, CFA
The gap between expensive and inexpensive banking grew wider in the first half of 2014. But which side of the divide you choose is still up to you -- and your banking habits. A new survey of checking account fees by MoneyRates.com finds that average fees rose to new heights across a number of categories in the first six months of 2014. But the survey also indicates that free checking is still available to customers who choose their bank wisely and follow responsible banking habits.

Bank Fees Rise Nearly Across the Board in 2014
ShorebreakShorebreak2,694 posts since
Apr 6, 2010
Rep Points: 14,606
Wednesday, August 27, 2014 - 8:03 AM
Thank You For Your Feedback!
Xceed Financial Credit Union 5 stars (5 stars)
I really wanted to take advantage of your 1.5% rate 18mo and deposit $200k; however, the customer service was extremely poor. When I first went to open the account, I was given a representative and his extension to keep in touch with. For some reason, I could not open the account over the internet (I've have many internet accounts with other credit unions and have had no problem.) I left him a number of messages and he never called me back, even over a few days of tries. I finally called and got another representative, but was transferred back to guy who never called me back. He acknowledged that he did not return my calls, but said we were taking care of it now. At that point, I decided I would not take a chance to risk my $200k principle in order to earn an extra $1000 of interest from what I could get from other institutions which have much better customer service. CD's are conservative investments. The last thing I want to do is put my money in the hands of an institution I do not have confidence in. If trying to deposit money with you was so difficult, I could only imagine the difficulty of trying to redeem my money from your organization.
keithsanfrankeithsanfran1 posts since
Jan 28, 2014
Rep Points: 8
Tuesday, August 26, 2014 - 8:53 PM
Reaching Another Milestone, The Standard & Poor's 500 Index Closes Above 2,000
It's a psychological barrier that once broken instills confidence in the public that the economy is indeed getting better. Dow 10k, 15k, etc. have the same effect.
ShorebreakShorebreak2,694 posts since
Apr 6, 2010
Rep Points: 14,606
Tuesday, August 26, 2014 - 2:23 PM
Big Banks Mislead Customers About Overdraft Protection
First I've heard someone suggest banning this product!
Overdraft on ATM withdrawals and debit purchases is a debt trap that pushes lower-income people out of the banking system. Regulators should ban this product,” said Josh Zinner, co-director of New Economy Project.
read more:
cumuluscumulus362 posts since
Jan 16, 2010
Rep Points: 1,700
Tuesday, August 26, 2014 - 12:30 PM
Members Can Get Free Fico Score At Pen Fed.
I have a cash back card from Pen Fed. I do not have a money market account with them. Have had this card for many years. 5% cash off gas on the amount due is what is subtracted each month.

I have another card that also pays 3% off each $1 spent on gas, 2% off each $1 spent on groceries and $1 off each $1 spent on every thing else. I have to wait until I have $50 credit and then I call them and they will put it on my card or in my checking account. I just called last weekend and they put $100 in my savings account and $20 on my card. I had to call 3 times before it was fixed. It was suppose to be only $50. 
Ally6770Ally6770941 posts since
Jan 16, 2010
Rep Points: 2,739
Tuesday, August 26, 2014 - 12:30 PM
Slight Quirk In The Application
Palladian Private Bank 4 stars (4 stars)
I was able to apply for the savings account. The one quirk on the online application was that it asked for an issue date for the driver's license. My Michigan driver's license has a printed expiration date but not an issue date. The online application won't go through without the issue date. Customer support didn't know what to do, and I recalled that my license gets renewed every four years, so I believe that the issue date has to be four years from the expiration date. Customer support consulted with someone on their end and seemed to conform the four year issue date. Using the issue date as four years prior to expiration date worked and I'm able to apply for the savings account. I will provide a follow up review.
The only fee that's not reasonable is the $25 fee for accounts closed within 90 days of opening.
DavidofAnnArborDavidofAnnArbor6 posts since
Aug 22, 2013
Rep Points: 13
Tuesday, August 26, 2014 - 11:17 AM
RECORD PROFITS/NO SERVICE/CONFUSING FEES
Wells Fargo Bank 1 stars (1 stars)
Wells Fargo is the ONLY bank in my small Alaska town. It has changed designations several times in the 20+ years I've lived here, and I never had any problem until Wells Fargo took it over. There went all the quick, local decision making, and in came long wait times for out-of-state decisions on loans, etc. Fees became incomprehensible... you can't count on the total cost of the bank account to be anywhere near the same from month to month. Extra charges can apply for: too many cash deposits, too low a balance, too many deposits, too much or too little activity; the list goes on and on. And they're posting record profits all while service declines. I now bank BY MAIL just to avoid Wells Fargo, and have for several years. I get a FREE, interest-bearing account, better service and consideration and have a great working relationship with Key Bank. I know my banker and get personal service for both my business and personal accounts. Wells Fargo? Worst. Bank. EVER!
Ziva DavidZiva David1 posts since
Aug 26, 2014
Rep Points: 2
Tuesday, August 26, 2014 - 8:44 AM
Viewing CD Rates
Sorry about the problem. It may be an issue with some browsers. I don't see a problem with my browsers (Chrome and Firefox). What browser are you using? And what's the version?

Also, we now have two ways to select terms. You can select the CD term using the top menu. You can also select the term with the drop down menu which is over the tables on the right side. Are you unable to select the term for both methods?
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
Tuesday, August 26, 2014 - 7:42 AM
San Diego County CU (29 Mo CD, 2%APY) Limited Time Offer
San Diego County Credit Union
The credit union is on Ken's big list of credit unions open to anyone and has a health grade of A+. 

The CD requires a minimum deposit of $2k as well as an active checking account.  Without an active checking account, the CD pays 1.74%APY.  

This CD is being offered as part of Member Appreciation Week, which ends 8/30. 
pearlbrownpearlbrown1,482 posts since
Nov 2, 2010
Rep Points: 6,440
Tuesday, August 26, 2014 - 7:32 AM
Tobyhanna FCU 7 Yr Prime Share Certificate Continues Unchanged
Tobyhanna Federal Credit Union
The CD appears as the first entry in the 6+ CD rate tables with an APY of 3.25%.

However, the terms of the CD are prime rate - 3.25 (floor rate of 3.04% and ceiling rate of 7.23%).  The current prime rate is 3.25, so the CD is paying the floor rate, not 3.25% APY.
pearlbrownpearlbrown1,482 posts since
Nov 2, 2010
Rep Points: 6,440
Tuesday, August 26, 2014 - 7:00 AM
Possible expanded membership eligibility for Randolph-Brooks Federal Credit Union
Randolph-Brooks Credit Union
I have been a satisified RBFCU member for over 41 years.  
TheShadowTheShadow13 posts since
Apr 14, 2012
Rep Points: 52
Tuesday, August 26, 2014 - 3:05 AM
Ruined A Good Bank
Simmons First National Bank 1 stars (1 stars)
I was a long time Metropolitan Bank customer when Simmons took them over and it has been nothing but absolute hell ever since. Stupid fees and cut off times and rude ignorant customer service. I am beyond glad that my accounts will be closed this week. My parents are leaving too and multiple people can back me up. Avoid Simmons and go with Bank of the Ozarks or Centennial where customers are treated well regardless of how rich they are.
Shawn SandersShawn Sanders1 posts since
Aug 26, 2014
Rep Points: 1
Monday, August 25, 2014 - 9:19 PM
They Hope You Are Confused
iGObanking 1 stars (1 stars)
This is a really bad bank. They make it very difficult for the average person to figure out that their CD will automatically renew at an extremely low interest rate. If you don't stop it in time you have to pay a penalty to get out- one year's interest for a 5 year CD!. I have had many CD's and never dealt with a bank this shady. Where is the FDIC?
excustomerexcustomer1 posts since
Aug 25, 2014
Rep Points: 1
Monday, August 25, 2014 - 8:49 PM
MILITARY BEWARE
F&M Bank (TN) 1 stars (1 stars)
Used F&M bank to close on a house when I was stationed here. Three weeks before closing rates had dropped significantly. Called lender to have rate dropped on our loan application. The woman at the bank was clearly upset because this would amount to some more paperwork for her. I reminded her she was already making thousands off me, and this would save me thousands. She said she would do it. Two weeks later when we went to close, guess what....no drop in the APR! F&M bank got over on me, cost me thousands of dollars. I left a job making 250,000 a year after 9/11 to serve our country, and this is the thanks I get. DO NOT USE F&M BANK.
steve64dsteve64d1 posts since
Aug 25, 2014
Rep Points: 3
Monday, August 25, 2014 - 7:10 PM
The Vanguard Simple Retirement Nest Egg Calculator
Thanks pearlbrown. I'll try to correct it. Cheers.
SB
ShorebreakShorebreak2,694 posts since
Apr 6, 2010
Rep Points: 14,606
Monday, August 25, 2014 - 3:42 PM
Loans - Bait And Switch
Meritrust Credit Union 1 stars (1 stars)
We were quoted a 3.75% loan on an RV over the phone. We hand carried our paperwork required for the loan to the loan officer at 29th & Rock Road, which is the Meritrust Corporate Offices), to expedite the processing. We kept in touch with the loan officer and were never told our Home Equity Loan was a "variable" rate or any rate other than the 3.75% we were quoted the first time we spoke with a loan officer (Carly). After one week we were told to go in and sign the papers only to see that the interest rates was NOT the quoted rate of 3.75% , but a VARIABLE rate of 4.25%. We could "lock in" our rate at 5.0% but there was nothing available at 3.75%. I responded that this is called "bait and switch", where one price is offered but when you are provided the product the price is entirely different than what is advertised or quoted .

I wonder how many other people are quoted one rate only to get into the branch office to find that the rate was higher than what was quoted. I would like to hear of others that have had this same experience.

We asked that the Meritrust Credit Union honor the quote and were informed they could not. Needless to say, after waiting a week, having a credit report ran (which potentially affects your credit score), and two trips to Wichita (we live approximately 35 miles away from the Executive Offices) we are now loan shopping again. I am extremely disappointed in Meritrust after years of banking here, I will no longer be doing business at this banking institution and also plan on seeking other avenues to express my displeasure with their bait and switch scheme for loans.
Russ Pam StraderRuss Pam Strader1 posts since
Aug 25, 2014
Rep Points: 1
Monday, August 25, 2014 - 7:20 AM
Yes, The Risk Is “In There”: High Yield Municipal Bond Funds
By Scott Burns
Q. How about municipal bond funds rather than individual bonds? Do they make sense? I have money in a closed-end muni fund (MAV) that’s paying over 7 percent. The interest income comes in at the end of the month, every month. I know that can’t go on forever and I would imagine when interest rates go up I will need to make an adjustment. But 7 percent and no tax ain’t bad! That works for my math. — R.H., by email

http://assetbuilder.com/scott_bur..._bond_fund
ShorebreakShorebreak2,694 posts since
Apr 6, 2010
Rep Points: 14,606
Sunday, August 24, 2014 - 9:49 PM
Great Experience
INOVA Federal Credit Union 5 stars (5 stars)
I have been a member for about 3 months now, and have nothing bad to say about them. Their customer experience has been great, and they are very prompt in getting back to me if I have any issues. I use their RCA accounts, and have now expanded into their CDs. I look forward to increasing my business with them in the coming months.
David RosenthalDavid Rosenthal1 posts since
Aug 24, 2014
Rep Points: 2
Sunday, August 24, 2014 - 7:29 PM
FDUFCU: A customer review
Fairleigh Dickinson Universty Credit Union 5 stars (5 stars)
The Fairleigh Dickinson University Federal Credit Union makes financial decisions simple and easy. One of their hallmarks is the willingness to help you no matter what your financial goals are. With a minimum deposit of 5$ to create both a checking and savings, no account maintenance fees, FDIC insurance of up to 250,000 and excellent auto, home and student loan rates, its the only financial establishment you will ever need; This credit union makes banking enjoyable again.
AshleyN.SmithAshleyN.Smith1 posts since
Aug 24, 2014
Rep Points: 0
Sunday, August 24, 2014 - 6:16 PM
Pressure Builds Within Fed To Signal New Policy Course
A breath of hope for better rates?
Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank’s first interest rate hike in nearly a decade.
read more:
cumuluscumulus362 posts since
Jan 16, 2010
Rep Points: 1,700
Sunday, August 24, 2014 - 5:48 PM
Saving Review
Ally Bank 4 stars (4 stars)
I have a savings account with Ally bank. I have to say initially it scared me to just give all in my information over the internet and make transfers. I usually prefer to have confirmations with people so I'm 100% sure where my money is going. After the initial skepticism I found myself to really enjoy online banking, it was extremely easy to get my money transferred to other accounts and I enjoyed the ease of being able to do it from work or home. I received multiple confirmations and was able to track progress on the website. I contacted customer service once because my account was locked due to incorrect password attempts and they were efficient and I didn't wait on hold forever. They also have an estimated wait time on the home page which is very helpful.
SLynnPSLynnP1 posts since
Aug 24, 2014
Rep Points: 0
Sunday, August 24, 2014 - 2:56 PM
Great for a first
Capital One 360 4 stars (4 stars)
My experience with this bank was pretty fair. I had difficulties with my login, but that's probably my own fault. Customer service is amazing. Always helped with all my questions. My first bank of choice ever and I've liked it.
DannieRobinsonDannieRobinson1 posts since
Aug 24, 2014
Rep Points: 0
Sunday, August 24, 2014 - 9:36 AM
Best rates, good service, but a bad mobile app
Ally Bank 4 stars (4 stars)
I have banked with Ally Bank since 2010. I was initially attracted by their CD and interest checking account rates, as these were higher than the national average at the time. While they have come down significantly during the recession, they still have rates that are competitive with or better than what you will find at a Big Four bank.

Ally has 24 hour customer service online, which is great. Ally also has a secure email system within your account portal for direct questions that cannot be resolved by an attendant. The few times I've had to use this feature, I received a response within a business day.

Ally is an internet-only bank, which means there are no physical locations to go to to deposit checks, talk to representatives or handle any problems. Most of the time, this isn't a problem, as the online experience is great and you can deposit checks by mail. However, the mobile experience was initially terrible. The iPhone app that was available was buggy and crashed routinely. Until recently, it didn't even have a direct deposit of a check by photo, which many other banks do have. Thankfully, that was fixed and it is a feature on the app.

Ally provides free standard checks, which is great, and reimburses all fees at all ATMs nationwide - from a competing bank or from a standalone ATM at a gas station, it does not matter. This feature is one of the best things about my account and one of the reasons I don't want to leave.

Overall, Ally has many more positives than negatives. I'd give it a solid 4/5, with a 5/5 if the app ever gets up to where it could be.
IdenIden1 posts since
Aug 24, 2014
Rep Points: 0
Sunday, August 24, 2014 - 8:57 AM
Midwest One Power Checking RCA Continues At 1.50%APY
MidWestOne Bank
The RCA tables are showing Midwest One Power Checking as paying 0.10% on balances up to $25k.   On DA, the page for the bank shows 1.5% being paid on Power Checking non-qualifying accounts, and 0.10% on balances up to $25k for qualifying ones. 

While I would be delighted to not qualify and earn 1.5%  =)  unfortunately the bank's rates page says it's qualifying accounts which earn the 1.5%, and the 0.1% rate is for balances greater than $25k.  Non-qualifying accounts earn 0.05%. 
pearlbrownpearlbrown1,482 posts since
Nov 2, 2010
Rep Points: 6,440