A number of consumers have been switching savings accounts to get the best deal. Some people would think that it is a bad idea and that it is just a waste of time and money. A survey has been made to determine whether customers would prefer to switch bank accounts to get the most out of their money and this is how it went. For several months now, starting on …

It has been advertised by Citibank that consumers who signed up for EZ account will have free checking account as long as they maintain direct deposit and made more than two monthly payments on their bills online. It meant no monthly fees and no fees if they were not able to reach a minimum balance but suddenly there was a change in the agreement. Citibank planned to charge their customers …

For the last year, CD (Certificate of Deposit) rates seem to be in good shape. But early this year these rates seem to drop significantly every month. From 3-month CDs to 5-year CDs they seem to drop several basis points down. According to a survey done by a company which monitors average rates in the market, 3-year and 4-year CD rates have gone down 3 hundredths of a percentage just …

Maintenance fees are now common for people who own checking accounts. Banks are now charging for something that is free a decade ago. This is because limitations in the financial regulation system causes them to have restrictions on obtaining revenue so what banks do is to look for ways on how they can generate profit with these limits. Unfortunately, charging fees on checking is one of them. Bank of America …

As more and more households start to do their banking online, the American Bankers Association (ABA) has started asking its consumers to partner with their banks to keep their hard-earned earnings safe. According to reports, approximately 80% of US households do banking over the net and most of them believe that banking online is as safe as branch banking. Unfortunately, this is not the case as more and more identity …