Bank Deals Blog: Deposits Education and Strategies

The Durbin Amendment is part of the landmark Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. It may sound like an arcane part of Congress’s effort to reform giant, too-big-to-fail banks, however the Durbin Amendment impacts you every time you swipe your debit card.

The 2008 financial crisis prompted the U.S. government to investigate the role banks played in crashing the...

In dynamic, ever-changing financial markets, interest rates constantly fluctuate. CD rates are no exception. Examining historical CD rates can give us insight into the direction rates may be heading in the future.

The current situation is characterized by declining CD yields, in response to the Federal Reserve’s latest policy pause. The average 6-month CD rate in July 2019 sits at 0.92% APY. What a difference the decades can make: 6-month CD rates had climbed to around 18% in the early 1980s.

If you keep your money at one of the 20 largest banks in the country, your checking account will have a daily ATM withdrawal limit between $300 and $5,000.

There are pros and cons to being on either end, DepositAccounts founder Ken Tumin said.

“Larger withdrawal limits can...

It’s time for you to elect your new insurance benefits at work. You’re presented with several options, which can easily become overwhelming.

Health reimbursement accounts (HRAs) and health savings accounts (HSAs) are two common health care terms that seem similar but have major differences.

Both help you pay for eligible health care expenses. However, each product differs in how you fund it, how you...

When it comes to saving for your retirement, there's no such thing as being too fussy. You may have to live off your nest egg for more than 20 years if you retire at 65, according to data from the Social Security Administration, and that means...

Many Americans are on shaky financial ground. According to a 2018 report from the Federal Reserve, 40% of people wouldn’t have the money to cover an unexpected expense of $400 or would have to sell something or borrow money to do so.

The good news is that technology makes saving money easier than ever today. There are apps that can help you...

Social Security was originally created in the 1930s to give workers a source of income once they reached retirement. Today, the program doesn’t just help retirees, but also provides financial benefits to disabled workers and the families of workers who’ve passed away.

Millions depend upon the...

There are plenty of ways to send money to people that don’t involve cash in an envelope. Online payment apps let you transfer funds to friends and relatives instantly. Some people still write checks and send them by mail, like the $20 you got from your...

Debit cards are a great way to manage your personal spending, minimize the amount of cash you carry and avoid running up a credit card balance. They are universally accepted as a payment method at stores and on the internet, and you are seldom very far from an ATM where you can use your debit card to withdraw cash.