Miscellaneous
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The Bank Of Denver Is No Longer Accepting Customers Outside Of Colorado
Recently applied for a Kasasa Saver account to link to my Kasasa Cash account at The Bank of Denver. Received the following message:
"We would like to thank you for your recent int... read more
IRA Rates Are Sometimes Higher Than Regular CDs For Same Term
While most banks and credit unions have the same interest rate for regular CDs and IRAs of the same term; some institutions pay a higher rate for IRAs. For example, when I do an se... read more
Achieving A Better Life Experience (ABLE) Accounts.
IRS issued final regs on ABLE Accounts..."These accounts can help eligible individuals (known as designated beneficiaries) save for qualified disability expenses without ruining th... read more
Currently Has Best CD Rates
1.35%, $500,000 for two years
Good customer service. If you want to join, besides the standard qualifications, you have to be a resident of New Mexico or California.
Additional m... read more
Freedom Credit Union Arbitration
I got a letter in the mail from Freedom credit union in Warminster, Pa yesterday saying they are adopting a new arbitration clause and waiver of class action. They do have say we h... read more
Elements Financial Arbitration Clause
The front page of my Elements Financial statement for the period ending September 30 contains the following notice:
Important Change of Terms
An important change in terms is inclu... read more
Elements Financial Must Opt Out Of Mandatory Arbitration Now
The Elements September 30, 2020 statement contained "Important Change Of Terms". It requires a postal letter from the customer to "Opt Out" of the new Elements mandatory arbitratio... read more
Developing Resilience During Trying Financial Times
I don't pretend to like the financial impact of the pandemic upon savings opportunities. However, I am grateful that the pandemic has forced me to develop a more resilient attitude... read more
Why Is Barksdall FCU Not In The CD Lists?
Barksdale FCU remains the top CD deals in the country, especially when youadd the extra .20% for oining their PlusPoint certificate, yet it is no longer in the CD lists. It has bee... read more
Alliant Is Still Enforcing Withdrawal Limits Months After Gov't Stops Reg D *Sigh*
I like Alliant, so I was disappointed to see that months after the government lifted the Regulation D restrictions (that limit the # of times you can electronically or remotely wit... read more
How Secure Is The Connection to the FI You Bank With?
I installed a new layered security router at my home and decided to run some test to see how secure it is.
The test probes the domain or IP for SSL (Secure Socket Layer) protocol t... read more
Sharonview Credit Union
Received two phone call from this credit union today. They offered to close my 4.00% cd without any penalty. Do they think I just fell off the turnip truck?!! They do this under th... read more
Missed Opportunity For Financial Institutions
Historically, when the Fed lowers interest rates; banks and credit unions understandably lower their rates as well. However, when the Fed lowered their rate to 0% in March of this ... read more
Financial Services Sector
Customer service matters now more than ever. Managers and teams working from home should produce and promote efficient, reliable, timely redemptions and instrument transactions, no... read more
Care Act:For 2020
The care act allows you to not take your distribution of IRA's and 4o1ks ... Andrews FCU recently addressed this issue with a letter to not take or to take it. For the yr. 2020 if ... read more
First Lockhart National Bank Lowers Rates And Increases Transactions
Effective September 16, 2020 the debit card transaction qualifying limit will revert to 15 on Kasasa accounts and 10 on the Rewards account. This change will be reflected on your O... read more
Maintaining A Long Term Focus
In our financial lives, a short term focus will result in an emotional roller coaster that rises and falls with the current state of the economy. Excellent stock returns and solid ... read more
Financial Institutions: Eroding Consumer Confidence Through Multiple Rate Reductions
It is expectable for banks and credit unions to significantly lower their savings account and CD rates in the midst of the 0% Fed interest rate environment. However, wise financial... read more
Wells Falsely Reports Customers Requested Loan Payment Deferrals..
NBCNews report...Could impact prior court agreements on post BK payment arrangements...and no notice!... read more
2020 Medicare Advantage Rates To Drop 23 Percent
In 2020, the Medicare Advantage average monthly plan premium will drop to an estimated $23 – 14 percent lower than the $26.87 average in 2019 and the lowest average since 2007, the... read more