Banking Blog

Tuesday, March 15, 2011 12:09 pm
By Claes Bell, CFA · Bankrate.com

As the flood of bad news continues coming in from Japan, it’s heartening to see thousands of Americans have already donated to relief organizations working to bring relief to victims of the Japanese earthquake and subsequent tsunami. By the end of the weekend following the disaster, the Red Cross had already collected nearly $8 million

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Monday, March 14, 2011 1:59 pm
By Claes Bell, CFA · Bankrate.com

If you’re a CD investor, no one needs to tell you that CD rates are depressingly low right now. But it’s worth remembering that despite three years of sliding yields, there is still a significant difference between the average CD rate and the highest yield CD rates out there. So if you’re still rolling CDs

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Thursday, March 10, 2011 3:46 pm
By Claes Bell, CFA · Bankrate.com

Just in case you were wondering if banks are still upset about upcoming limits on the debit interchange fees they can charge merchants, rest assured they are. The latest scheme to replace interchange fee income/punish America for its insolence comes via JP Morgan Chase, which is floating the idea of placing limits on the size

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Thursday, March 3, 2011 11:08 am
By Claes Bell, CFA · Bankrate.com

J.D. Power has a new report out on how people shop for a new bank, and some of the results are a little surprising, at least for me. The study found that the biggest factor that attracted new customers to a bank was brand image, followed closely by advertising and having bank branches in convenient

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Monday, February 28, 2011 2:59 pm
By Claes Bell, CFA · Bankrate.com

Remember when we thought giving Americans a choice about whether to enroll in their bank’s overdraft protection program would cut down on the amount of Americans’ money banks were able to siphon off? Six months after the “opt-in” rule went into effect for checking accounts, the opposite is happening. Suzanne Kapner of The Financial Times

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Thursday, February 24, 2011 11:07 am
By Claes Bell, CFA · Bankrate.com

What if your credit union decided it didn’t want to be a credit union anymore? Rachel Witkowski at American Banker has a great story this month on one credit union’s push to become a bank: Har-co Maryland Federal Credit Union in Bel Air recently notified its members that it plans to convert to a mutual

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Tuesday, February 22, 2011 6:45 pm
By Claes Bell, CFA · Bankrate.com

What are you planning on doing with that change in your pocket? If you’re about to spend it on vending machine food or just lose it in your couch cushions, the Independent Community Bankers of America would like to have a word with you. That’s because it’s America Saves Week, a week-long push by the

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Thursday, February 17, 2011 2:53 pm
By Claes Bell, CFA · Bankrate.com

There was a great article last week in The Wall Street Journal on how big banks are ramping up their incentives to try and bring in new checking and savings customers. Here are some of the examples of incentives being offered by some of the bigger banks: PNC Bank: $100 coupon for opening a checking

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Monday, February 14, 2011 5:18 pm
By Claes Bell, CFA · Bankrate.com

There’s been a lot of talk lately about the Bank of China’s decision a while back to begin accepting deposits from American consumers for conversion into Chinese yuan. The deposits are insured by the Federal Deposit Insurance Corp., and because many consider China a lock for tremendous growth going forward and its currency has long

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Thursday, February 10, 2011 3:27 pm
By Claes Bell, CFA · Bankrate.com

In covering banking for Bankrate, I spend a lot of time thinking about what people don’t like from their bank — excessive fees, poor service, security problems — but less time on what they do. An interesting survey out this week commissioned by Ally Bank explored just that question. In honor of Valentine’s Day, pollsters

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Tags: Rates, savings
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