Wednesday, April 7, 2010 as of 11:14 AM ET
A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members.
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Lessons for Yield ChasersLet's face it: It's not a friendly financial environment for anyone looking to earn income from liquid accounts.
With the federal funds rate set to hover around zero percent to 0.25% through 2014, the outlook is grim for yield chasers.The results of Bankrate's 2012 High-Yield Checking Survey do show signs of hope, but there are hurdles throughout the pursuit of increased earnings. From adjusting your banking routine to monitoring your rates and more, capturing that yield will take some work.Before you open a new high-yield checking account, consider these four warnings.Your Rate Can Change at Any TimeThe interest rate on your high-yield checking account is not part of a long-term contract.While some banks and credit unions are offering above-average yields, every high-yield checking account comes with a dreaded disclaimer: Rates are subject to change."Interest rates on deposit accounts can change based on several factors, most importantly, market volatility," s...The Plus Side of Prepaid CardsDon't believe everything you hear when it comes to prepaid cards. Taking advantage of customer outrage over new monthly fees at some of...
If last year was any indication, checking account customers won't stand for things like debit card fees or monthly service charges. Witness national protests such as...
Greg McBride, Bankrate.com’s senior financial analyst, on why investors should look at putting their money in online savings accounts
University of Maryland Law Professor Michael Greenberger on whether regulations could have prevented J.P. Morgan’s losses and how it will impact lending.
Bank of Shanghai Co., in which HSBC Holdings PLC (HBC) owns an 8% stake, has invited banks to submit proposals for its planned Shanghai and Hong Kong listing, expect...
Back when international credit card transactions traveled along undersea phone lines, banks started charging fees for the convenience of switching francs, pounds or ...
Making a Prepaid Card Your Transaction ChoicePrepaid debit cards are among the most controversial financial products. Celebrities endorse them. Many consumer advocat...
Every certificate of deposit matures on a specific date, at which point you can collect your principal investment and the interest paid over the life of the CD. But ...
Dick Bove, Rochdale Securities SVP of Equity Research, and Radio Talk Show Host Nancy Skinner weigh in on the potential dangers of big banks.
For the past few months, I've been in a strange place with my financial journey. My retirement needs are met, as are my daily living expenses, so all I need to worry...
According to a new study conducted by Gallup and the World Bank , 89% of adults in high-income countries report having a bank account, but that number plummets to 41...
Bill approved to help small businesses
Borrowing against your own cash and paying interest on that loan might seem counterintuitive, but savings account customers across the country are doing just that.Wh...
Key Credit Report IndicatorsYou've pulled one of your credit reports . Now what?As you've probably heard by now, you're entitled to free copies of your credit report...
French bank Credit Agricole SA (ACA.FR) is in favor of banning all speculative activities in the country, Chief Executive Jean-Paul Chifflet said Tuesday speaking to...
Taiwan Cooperative Bank is still in talks to sell a stake to BNP Paribas SA (BNP.FR), as part of the government-owned bank's plan to raise NT$18 billion (US$609.9 mi...
Dear Bankruptcy Adviser, I owned a business that closed nearly three years ago. I settled with the Small Business Administration, or SBA, on a loan that I got to sta...
Multifunding CEO Ami Kassar on rating banks on how much they lend to small businesses.
Wall Street dealers raised risk premiums on a pair of commercial mortgage-backed securities to the highest levels for new issues since December, as the market was sw...
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