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How to Maximize your FDIC Insurance
If you have a significant amount of assets, you are going to want to make sure that your wealth is protected if the financial institutions that you work with go under. Here’s how to maximize the coverage your FDIC insurance offers... More of this article »Everything You Need to Know About Online Savings Accounts
Welcome to American Banking News’s online savings account guide. The purpose of this section of the website is to help you understand, research and choose an online savings account. What is an Online Savings Account? An online... More of this article »
How to Protect Yourself against Bank Failure
With 416 banks on the FDIC’s “troubled list” and 84 bank failures this year, it’s more important than ever to make sure that you are protected in the event that your bank or credit union goes out of business. It can be very... More of this article »
How to Determine If Your Bank is Headed for Failure
With 84 bank failure this year, it’s more important for consumers and businesses than ever to make sure that their bank is financially secure. There are signs that a bank is going to fail and you can make sure to switch banks before... More of this article »
Important Information for Taylor Bean Customers
If you had a payment held by Taylor, Bean & Whitaker Mortgage Corporation before the company went under and laid off most of its employees on August 5th, you’re going to have a bit of a difficult time making your payment. You... More of this article »
The Financial Services Industry Brings Buying and Selling Gold into the 21st Century
For hundreds of years, consumers and investors have taken refuge in gold and other precious metals knowing that they would have value around the world whether or not the US Dollar or any other currency would succeed. As the economy... More of this article »
The National Credit Union Share Insurance Fund – FDIC Insurance for Credit Unions
Most people know that if they have money in a savings account, a certificate of deposit, or a checking account at a bank they are protected in the event that their bank fails by the Federal Deposit Insurance Corporation (FDIC), but... More of this article »
What to Look For Other than Interest Rates When Shopping For an Online Savings Account
When you’re looking for a place to store your hard earned money, you don’t want to trust it with just any financial institution. How do you make sure that the place you’re going to put your money is the best place to go? Most... More of this article »
How to Maximize Your CD Rates with a Certificate of Deposit Ladder
If you have a lot of money in a savings account, you are at the whim of whatever the current interest rate environment is. If the economy falters as it has in the last year, the rates you will be able to receive on your money will... More of this article »
How Recent Interest Rate Decisions from the Fed Will Impact Your Savings Account
Last week, the Federal Open Market Committee (FOMC) met and determined that the federal funds rate will remain as close to zero (0 – 0.25%) as it has ever been. The press release that the Federal Reserve release stated, “The Committee... More of this article »
NCUA Warns Of Fraudulent Credit Union Advertisements
The National Credit Union Administration learned earlier this month of a fraudulent lending scheme by parties that claim to be credit unions. The scheme is done by placing false advertisements that offer to help potential customers... More of this article »
SmartyPig Decreases Interest Rate to 2.01% APY
SmartyPig announced on Friday that they will be making the largest cut in the interest rates that they offer in the last year. On SmartyPig’s blog, the company’s co-founder Michael Ferrari, announced the news: Beginning Monday,... More of this article »
Banks Cutting Home Equity Credit Lines; 5 Tips To Deal With It
The fallout from the slumping real estate market has taken a new twist as thousands of U.S. homeowners have seen their home equity line of credit either cut or frozen by their bank without warning. The kicker is it’s all completely... More of this article »
Finding High Yield Savings Accounts Through Bankrate
There’s no reason to settle for a tiny interest rate with your savings account, when with a couple of clicks of your computer mouse you can find you the best rates available out there that are insured by the FDIC through bankrate.com. All... More of this article »
Built Up a Reserve Fund Before Anything Else
When working as a financial manager for people throughout the years, one of the things that was difficult to convince most who wanted to get a handle on their finances, was the number one thing you must do to start off with to lay... More of this article »