Banking Blog

Friday, November 11, 2011 10:38 am
By Claes Bell, CFA · Bankrate.com

If you’re a regular Bankrate reader, you know credit unions have a lot of perks for members, including generally higher deposit rates, lower fees for checking and lower rates for loans than conventional banks. But here’s one thing you may not know: When credit unions are doing well, they sometimes pay members bonus dividends. Members

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Thursday, November 10, 2011 12:53 pm
By Claes Bell, CFA · Bankrate.com

Can a video screen replace a bank’s teller line? That’s a question some banks and credit unions are asking themselves as they attempt to improve and expand services for customers and cut costs. From Katie Kuehner-Hebert at BAI Banking Strategies: In 2008, the $2 billion-asset Coastal Federal Credit Union in Raleigh, N.C. began installing in its

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Thursday, November 10, 2011 12:29 pm
By David McMillin · Bankrate.com

According to a survey conducted by the Credit Union National Association, account holders sent a loud message to the banking industry last Saturday: We’re out of here, and we’re taking our money with us. Here’s a snapshot of what happened at credit unions Saturday, which included responses from 1,110 not-for-profit institutions around the country. 40,000

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Wednesday, November 9, 2011 12:41 pm
By Claes Bell, CFA · Bankrate.com

This week Italy became the latest European country to edge closer to catastrophic default, as interest rates on its 10-year government bonds topped 7 percent. As a point of reference, 10-year U.S. Treasuries are currently cruising at 2.1 percent. Rates on Italian bonds are so high because global markets believe Italy is at a much

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Tuesday, November 8, 2011 3:23 pm
By Claes Bell, CFA · Bankrate.com

Despite all the carping from banks over the swipe fee limits imposed by the Durbin Amendment, debit cards remain an important profit center for the industry. From Kate Fitzgerald at American Banker: Even with reduced revenues, debit still drives profits, Scott Qualls, senior vice president with BB&T Corp., told attendees. “We focus on the overall

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Tuesday, November 8, 2011 9:07 am
By Marcie Geffner · Bankrate.com

Many people find setting aside money to be a major challenge, and it’s even more difficult in these tight-budget times. With that in mind, here are 10 tips, courtesy of America Saves, a campaign coordinated by the nonprofit Consumer Federation of America, to help you save at least a little — or better yet, a

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Sunday, November 6, 2011 11:00 am
By Marcie Geffner · Bankrate.com

Fifty-eight percent of U.S. men spend more time each week watching sports than they spend working on their personal finances, including their investments, according to a new national survey of 500 men conducted by TNS on behalf of ING Direct, an online bank, and Men’s Health magazine. However, there’s still room for finances. ING Direct CEO

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Saturday, November 5, 2011 2:00 pm
By David McMillin · Bankrate.com

TD Bank announced it will raise fees in certain areas today, but the Northeast-based banking institution’s increases impact some unexpected services. Here’s a breakdown of the changes, which go into effect next month. Excessive savings account withdrawals (six allowed free each month): $9 for each additional remote transaction. Wire transfers: $15, previously $10. Certified checks: $8,

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Saturday, November 5, 2011 12:30 pm
By David McMillin · Bankrate.com

While you may already be conducting some of your banking online, one company is hoping to help you do, well, pretty much everything without signing, sending or storing a single piece of paper. Today, Doxo, a digital file storage and e-payment company, announced additional features for its doxoPAY function that give users more control over

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Friday, November 4, 2011 3:03 pm
By Claes Bell, CFA · Bankrate.com

It looks like despite backtracking from big banks on their plans to introduce debit card fees, Bank Transfer Day and customers fed up with fees are having an impact on the banking industry. The Credit Union National Association, known as CUNA, gave word this week that 5,000 of the nation’s credit unions had signed up

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