A lot of banks are making it tougher for customers to qualify for a checking account without having to pay maintenance fees every month. However, customers can still manage to get one by tweaking either their behaviour or changing their bank altogether. Last year witnessed Wells Fargo’s change in requirement for free checking. Chase will do it next month and Bank of America has already begun testing an overhaul of …

After new regulations were announced in the form of the CARD Act of 2009, credit card companies and major banks have been fighting back in various ways. Card issuers have cut down the credit card limits and raised the APRs. With more reforms underway, banks are cutting down on standard features such as a free checking account. Banks are doing their best to make up for the revenue loss that …

Investors have seen massive decline in interest rates for quite a few years now and it is hard to find lower interest rates than money market funds and accounts. Lower money market rates would have been more bearable if they weren’t paying so handsomely prior to the start of the great recession. That is what makes the current passbook savings levels that even decent investments pay these days, harder to …

The 4th quarter results and financial results of the previous year until 31st of December 2010 were announced by American Perspective Bank Today. The net income during the 4th quarter stood at 165,000 dollars which means a 0.04 dollar earning per share. The net income during the same period a year ago was 241,000 dollars which was 2 cents more earning per share. The net income in the previous quarter …