$50 bonus offer from Capital One Direct Banking
It seems to be that time again when banks are putting out all the stops to capture any and all consumer attention. In the past day we have seen deal from Chase, PNC, Bank of America and now Capital One Direct Banking. Visit this link and open an account before April 15th to receive a $50 cash bonus. To obtain the offer make sure you enter the offer code - OFFER50 as well you need to keep a consistent $10,000 deposit starting 05/8/2009.
Response of AIG Bonuses: Hurting the Credit Flow
The Obama administration is working to improve the credit flow to small and medium scale businesses. The President has repeated countless times that it is critical for banks to lend money to businesses in order to stimulate the economy. However, tighter requirements that include higher deposit insurance premiums, the demand for capital from the regulators, and apprehension about the next move from Congress are not helping in the situation.
Bank of America offers a $50 checking bonus
Bank of America offers a $50 checking bonus when you open MyAccess Checking Online. Enjoy free Online Banking Service with Bill Pay that gives you 24/7 control of your finances. To get your MyAccess Checking account FREE and $50, just follow the steps below:
CD vs. Savings Account
If the economic crisis has taught us anything, it is the fact that it is unrealistic to expect the same yields we had in previous yields. Basically, expectations have to be lowered and the worst should be expected. Take the example of 401(k) plans. Previously, these investments were earning around 10% a year. Now, investors would be lucky if they don’t lose money. In the same way, investors also need to lower their expectations for certificates of deposit (CD) and savings accounts. On March 30th 2009, the average interest rate for 12 months CDs was pegged at 1.76%. This is a far cry from its peak in 2007.
How CDs Work
What is Certificate of Deposit? A Certificate of Deposit (CD) is a type of fixed-income investment product that is offered in banks and credit unions. It is a short to medium-term investment which is fully insured by the FDIC up to $250,000. When investing in a CD, clients decide to put their money in the bank for a specific period of time, and in return, the bank pays them an agreed interest rate which is typically higher than the regular savings account. Banks usually impose a certain penalty for CD withdrawals made before the maturity or the end of the term.
PNC drops another $75 cash deal
PNC is loving the $75 cash deals. Back in March PNC & National City had the same deal that lasted a week, this one on the other hand is good to the 28th. Yeah I know it started on the 2nd and we are a little late, but you still have time, well 3 days. Here is a link to the promotional page that outlines the deal click here. This deal is a little different though. Exclusive to their checkings account, PNC will pay you $1 for every purchase you make or online bill payment using your new checking card until May 31, 2009.
Redeem a $50 gift card from Chase
Sign up for Chase Freedom credit card and qualify to receive your bonus after first purchase or first use of the card. You will receive 5,000 bonus points with this bonus offer, which can be redeemed for a Chase $50.00 gift card. First purchase/first use includes purchases, balance transfers, or any checks that are used to access your account, and excludes cash advances. This one-time bonus offer is valid only for first-time card members with new accounts. Existing cardmembers/accounts are not eligible for this bonus offer.
Mobile Banking Gets a Boost with the Ubiquity of Smart Phones
The present era of iPhones and BlackBerries is taking mobile banking to a whole new level. And why not? With online banking services fast-growing in demand, mobile banking can’t be far off. The advent of smart phones has only served to facilitate its incorporation into the fast-paced lifestyles of the Generation Y banking consumers.
The facts and figures, as technology research firm ABI Research reports, are all pointing to this inevitable trend:
Chase is now in California
Chase, via the acquisition of WaMu, is now in California. In order to retain WaMu's customers, they are entering this market with a big educational campaign to highlight their products and services. Check out the new chase landing page for California customers. About Chase: Chase is a large financial institution that provides many products and services to suit just about any personal or business customer's needs. The supply mortgages, credit cards, savings and checking accounts among other financial products and services.
Government Leaders and Taxpayers Alike Cry “Foul” Over AIG Bonuses
For the average taxpayer, it is difficult to comprehend how such large sums of money can still make it into the hands of those who do not deserve it at all, and in a way, even helped to create this financial crisis in the first place. While perhaps hundreds joined the ranks of millions of jobless Americans or those in danger of losing their homes last weekend, a select group of people on the other hand, 73 of them to be exact, received at least $1 million in bonuses.
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
First Premier Bank Offer Credit Card with 79.9% APR…Wait, What?
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
Savers Left With Fewer Options as Hudson City Savings Lowers Top CD Rates
Wells Fargo Settles $1.4 Billion Lawsuit Regarding Auction-Rate Securities
‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
TD Bank In the Holiday Spirit With Million Dollar Givaway
Visa Mobile Banking App for Android Now Available For U.S. Bank Customers
