Fox Business - The Power to Prosper
Search Site

Bank Transfer Day

7 Must-Have Features for Savings Accounts

A savings account may sound plain vanilla, but they come in many different flavors.So when choosing a place to stash your savings, it pays to shop around. Fees, minimum balances and interest rates vary widely -- and nearly all of the 14,000-plus U.S. banks and credit unions offer these accounts, according to a report released last year by the Consumer Federation of America.In a low-interest world where yields rarely exceed 0.05 percent, every little bit of interest helps, according to Bankrate.com. That low yield may be one reason the U.S. savings rate is still low -- a measly 3.9 percent in December, according to the Federal Reserve Bank of St. Louis.Yet, savings accounts are essential ways to fund unexpected expenses like dental bills or car repairs, the Consumer Federation report says. So, any savings feature that helps you save more money is a must-have, says Kelley Long, a member of the National CPA Financial Literacy Commission under the American Institute of CPAs, or AICPA.She c...

Read More

  1. Switch From a Bank to a Credit Union?

    Credit unions gain as an alternativeShopping for a new loan, or a savings or checking account? You have more options than you think. Banks are the predominate place ...

  2. Banks Target Seniors for Free Checking

    Seniors are among the lucky few who still can scoop up banking freebies.How to choose a bankMany banks and credit unions offer seniors free checking accounts; some e...

  3. What to Look for in Credit Union Checking

    There's a Credit Union for EveryoneAnyone can belong to a credit union , just not the same one. It's about fit. Unlike banks, credit unions are organized by a common...

  4. Five Pros and Cons of Banking at Credit Unions

    Credit Unions: Better Than Banks?As rising fees and scandals fuel misgivings about banks, consumers are turning to an alternative: credit unions. According to statis...

  5. Credit Unions Cling to Free Checking Accounts

    If free checking is in decline, someone forgot to tell credit unions.According to Bankrate's 2012 Credit Union Checking Survey, 72% of credit unions currently offer ...

  6. How We'll Do Banking in 10 Years

    We are on the edge of a revolution in the banking industry, the likes of which have not been seen before. The banks -- both large and small -- that embrace technolog...

  7. CFPB Accused of Having ‘Unlimited Regulatory Power’

    SmartCredit.com Consumer Education President John Ulzheimer on the lawsuits against the CFPB and the bank complaints filed with the agency.

  8. Why Haven't Consumers Revolted Against Overdraft Fees?

    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...

  9. Watchdog Opens Door To Bank-Fee Complaints

    Consumers battling with financial firms over overdraft charges, late fees and other checking account issues can now file complaints with a new federal watchdog.The C...

  10. US Consumer Finance Agency Accepts Bank-Fee Complaints

    Consumers battling with financial firms over overdraft charges, late fees and other checking account issues can now file complaints with a new federal watchdog.The C...

  11. Meet Fee-Fighting Vigilante Molly Katchpole

    If it weren't for Molly Katchpole, we might all be paying some sort of fee for using our debit cards.In October 2011, Bank of America announced its intention to char...

  12. What's New for Credit Cards in 2012

    As the credit card offers fill your mailbox and you see more TV ads for credit cards, you may think that the credit card issuers are looking for new customers. And y...

  1. How to Pick a Socially Responsible Credit Card

    If you're a fan of the environmental concept of sustainability, you may be driving an electric car, buying locally grown food and shunning products made in sweatshop...

  2. Banks Target Seniors for Free Checking

    Seniors are among the lucky few who still can scoop up banking freebies.Many banks and credit unions offer seniors free checking accounts; some even pay interest. Th...

  3. Banks Using Data to Deny Accounts to Low-Income Consumers?

    American Banker Editor-in-Chief Neil Weinberg and former Goldman Sachs V.P. Wallace Turbeville on banks denying accounts for consumers at risk of overdrawing.

  4. 5 Tips for Handling Cash Flow Peaks and Valleys

    Here are suggestions for the owners of seasonal businesses to avoid cash flow crunches.

  5. Deposit Your Check Through Video Banking

    uGenius CEO Gene Pranger on the latest technology for banking that allows consumers to talk to bank tellers through a video device.

  6. Are Credit Union Credit Cards Better Than Others?

    Americans are flocking to credit unions this year in search of an alternative place to put their money. Many are fed up with big U.S. banks, which have emerged from ...

  7. Two Million Transfer to Credit Unions in Decade

    Bill Cheney, The Credit Union National Association president & CEO, on bank transfer day and the millions of people that have transferred to credit unions in the past decade.

‹ Prev123Next ›
Freebase CC-BY
Source: Bank Transfer Day on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL