Starting this year Silver State Schools Credit Union in Nevada had14 branches in the Las Vegas area. They will soon be down to 9 in the area along with 1 in Reno. On the heels of 2 branches being closed in Henderson, Nevada earlier this year, the credited union announced this month in a statement [...]
As I predicted in my post on Monday, Bank of America did in fact drop their plans on the $5 monthly debit fee. Frankly, with all the other announcements en masse during the latter part of last week and early this week, it would have been exceedingly difficult for Bank of America to hold onto [...]
Monthly debit fees are becoming extinct faster than just about any species in history. They are extremely unpopular and will now be a thing of the past at both Regions and SunTrust. Both banks made similar announcements today, right on the heels of similar announcements late last week from Chase and Wells Fargo. SunTrust will [...]
In recent news, there are stories that two of the largest banks that recently announced monthly debit fees, are reversing course. JP Morgan Chase is said to be planning on putting an end to their test monthly $3 fee, according to the Associated Press. AP are citing an anonymous source within the bank. I’d [...]
Another recent reaction to monthly debit card fees, this time from The Peoples Bank of Urbana, Ohio. (thepeoplessavingsbank.com) Announcing a new promotion, Peoples Bank president Brice Kadel said; “Community banks including The Peoples Savings Bank are not in agreement with these fees and practices. To demonstrate opposition to these fees and the important advantages of [...]
The regional bank Washington Federal, serving eight western states has one of the best 5 year certificate of deposit rates available in the latter half of October, 2011. To the point, the APY for 60 months is 2.25% with a deposit amount of $1,000 – $89,999. With a deposit of $90,000 and above the APY [...]
CIT Bank a long time provider of financial services to small and medium sized businesses announced the launch of online banking with the opening of its website bankoncit.com. “The launch of CIT Bank online is another important step in our efforts to diversify our funding sources into stable, low-cost deposit products,” said John A. Thain, [...]
Community Bank of Lakewood Ranch, Florida is offering a checking accounts with a twist. They will pay new customers $5 per month to open a Value Checking account, for the period of one year. I could not find information on this promotion on their personal checking accounts page, however they do mention it in a [...]
Probably the most common concern these days for investors seeking safe and healthy returns on certificates is the record low interest being offered. While many financial analysts believe the rates are here to stay for the next few years, its not a certainty. If rates do go up, being stuck in a CD and facing [...]
Folks looking for a superior health rating, stability, and great rates in Paton, Iowa and neighboring rural communities have a solid local bank to do business with. Community State Bank of Paton (csbpaton.com) has been in business since 1956 and has a solid 5 star health rating in capitalization, with an asset to equity ratio [...]
