Advertising & Promotions
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.
Win $250 Gift Card From Ridgewood Savings Bank
Ridgewood Savings Bank is looking to hear your opinion around Mobile Banking and they are giving those who fill our the survey a chance to win a $250 gift card. We took a minute to fill out the survey, and it seems that they are trying to decide if they should develop a mobile application and what features need to be available. The survey took literally minutes which is nice.
The Provident Bank Sweepstakes
New Jersey based bank, Provident has had a pretty cool sweepstakes going on since March 8th, running till May 30th. With over $50,000 in prizes whats not to like about this sweepstakes. The grand prize is $20,000 in house payments, followed by $10,000 in groceries, $3,500 in car payments and 4th place is $2,500 in gas for a year.
$50 bonus with new checking account at TCF Bank
TCF Bank is back with another great promotional deal. With no deadline (limited time though), all you need is $25 dollars to open one of TCF's checking accounts to receive a free $50. The promotion which can be opened either online or at a local branch and if you can get a friend to sign up, you get an extra $25.00.
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.
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:
New Credit Card Rules
The Office of Thrift Supervision, the Federal Reserve, and the National Credit Union Administration announced new rules for credit cards on Thursday, Dec 18. The rules were coordinated so banks, thrifts, and credit unions would all have the same rules. Some opponents claim the rules will hurt the economy by reducing the amount of credit available, but the new rules don’t go into effect until July 2010. Opponents say credit card providers will raise rates and cut lines of credit before then. Consumer advocates worry the rules do not do enough or go into effect fast enough.
Capital One Announces American Life Photo Contest
In search of the next generation of great American photographers, Capital One Financial Corporation and Newsweek in conjunction with Flickr today announced the "American Life" online photo contest, offering consumers the opportunity to share images that best capture the everyday moments of life in America - from amazing landscapes and sunsets to neighborhood landmarks and the family pet. From October 27 to January 5, consumers can submit their photos at www.capitalonephotocontest.com or via the "American Life Photo Contest" group on Flickr, groups/capitaloneamericanlife. Online consumer voting from January 6, 2009 to February 6, 2009 will determine the top 50 semi-finalists. At the conclusion of public voting, Newsweek Director of Photography, Simon Barnett, who has edited and selected for publication some of the most renowned images in American life and world news, will determine one grand prize winner and two runners up whose work will be featured on Capital One's Image Card site where cardholders can personalize their credit card. Winners will be announced in March 2009.
Free GPS for opening new HSBC account
Start an HSBC Premier Relationship in the United States with a minimum of $50,000 in new money by November 21, 2008 and choose from a TomTom® ONE 130.S GPS or a one-year membership for Clear,®* the fast pass for airport security. For more details click here.
Get free movie ticket and practical money management tips
Wells Fargo & Company said it has offered Practical Money Skills for Life to more than 1 million college students the last five years. Practical Money Skills for Life features two online credit education lessons sponsored by Wells Fargo and Visa. Wells Fargo invites every new College Credit Card customer to take the 10-minute online Practical Money Skills for Life lessons at wellsfargo.practicalmoneyskills.com. Take this lesson and get free movie ticket.
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
Citibank Credit Card Interest Skyrockets In Anticipation of Federal Regulation
Commerce Bank of Southwest Florida Fails, Becomes 123 Bank to Close in 2009
ING Direct Black Friday Special: Save ‘Til You Drop
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
