BankUnited FSB Biggest Bank Collapse So Far, Another Big Failure Looming
BankUnited FSB, the 34th bank to have been put under FDIC receivership for 2009, is also the biggest bank failure for this year, and the second costliest for the FDIC. This closure would hit the FDIC's pockets some $4.9 billion, next only to giant Indy Mac's $10.7 billion costs last year.
Credit Card Balance Transfer: The Pros, The Cons, And The Caveats
Statistics show that the average American household carries a credit card debt of about $10,000. If you are one of these consumers who carry a substantial credit card balance which you just can't see yourself paying off in the next few months, you may feel that getting another credit card is the last thing that you would need. However, if you are able to avail of a 0% balance transfer offer that is really free of any hidden charges, you could end up saving yourself hundreds (and even thousands) of dollars in interest for about a year.
Experience eLife & Win $2,500 With MainSource Bank
Last week My Bank Tracker wrote an article on Charter One Bank's Go Green initiative. This week we see attempting to go green and they are offering a chance to win $2,500 in the process. Enroll in Online Bill Pay and for every bill you pay through June 30, 2009 you'll be entered for a chance to WIN $2,500 in their weekly sweepstakes.
Consumers To See Changes In The Credit Card Industry As Senate Passes Bill
It won't be long now before the said reforms in the credit card industry that would put an end to sudden jumps in interest rates and credit card fees will be made into law. In a sweeping vote of 90-5 Tuesday (May 19, 2009), the Senate passed the credit card reform bill only a few weeks after the House passed its own version of the bill in a 357-70 vote.
Open A Chase Checking Account To Earn $100
Chase has a pretty simple promotion running that can earn you a nice $100 bonus. All you have to do is open a checking account and set up a direct deposit or make 5 debit card purchases.
Wilshire State Bank 5.12% APY Rainbow Savings Account
For the true savers out there this installment savings program from Wilshire Sate Bank may be worth checking out. Designed specially for planned savers, this plan will allow you to set aside a fixed amount each month to accumulate into a meaningful sum that can be used for business, investments, college tuition, vacation expenses, wedding preparation, or to a retirement fund.
Some Quirky Ways Banks Attract New Customers
Occasionally, the My Bank Tracker team will come across a few deals that take a different approach when compared to the competition. These banks understand their customers so well that they go beyond the simple $$ offer and create some truly quirky incentives. Here is a list of some of the more recent ones we have found:
Earn $500 Cash With New York Commercial Bank
NYCB is currently offering an opportunity to earn up to $500 in cash when you sign up and use one of their VISA Check Cards. The promotion is rolled up into NYCB’s Even>More Rewards Program and is available for personal checking accounts only.
FDIC Insurance Limit of $250,000 Extended Until 2013
Even as the FDIC oversaw the closures of two more banks last Friday (the 35th and 36th for this year), it also made a special announcement a few days ago regarding consumers' insurance coverage. The actual text from the FDIC website reads:
5 Online Banking Scams Every Consumer Should Know
With technology getting more and more advanced, banks are outdoing each other in adding banking services that can be accessed across various platforms and applications. When customers think banking convenience, online banking is what immediately comes to mind.
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
