More banks dropped their CD rates in the last few days, causing major plunges on the national CD average rates as monitored by My Bank Tracker.

When it comes to choosing online banks, having an extensive ATM network doesn’t always rank high up on most consumers’ criteria.

These two banks offer excellent online banking services with many shared features, yet there are sufficient distinctions in their offerings to help you choose which is best suited to meet your personal banking needs.

Pitting ING Direct vs Ally Bank should yield some interesting results. ING Direct has been one of the pioneers in the online banking industry and has been consistently named as one of the top online banks since it started operations in the country.

With so many new banks popping up in the last few months, the question remains—which bank account should you open? The following chart is a compilation of everything you need to know to make your next banking decision.

This morning the Wall Street Journal broke the news that today, Friday, May 15, 2009 GMAC LLC will rename itself to Ally Bank. In becoming a bank holding company back in December, GMAC has taken the opportunity to differentiate themselves in the market by starting fresh - much needed in the banking industry itself.