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Ally Bank Raises Rates on Savings Accounts and CDs
Dec 16

Ally Bank Raises Rates on Savings Accounts and CDs

There’s good new for savers who bank with Ally. The popular online bank has increased the rates on some of its savings and certificate of deposit (CD) accounts. These are the rate changes that recently took place: Online savings account: 0.95% APY, up from 0.90% APY 12-Month CD: 1.05% APY, up from 1.00% APY 2-year

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Dec 10

Chase Checking Customers Can Get $5 to Sign Up for Paperless Statements

Chase is making a move to persuade its checking customers to ditch those bulky paper statements that come in the mail every month. From now until Feb. 28, 2015, qualifying checking customers will receive a $5 bonus for enrolling in paperless statements. Paper statements are costly because of materials and postage. The more customers sign

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Dec 08

GE Capital Bank Hikes Savings Rate Above 1%

GE Capital Bank has increased the rate on its online savings account from 0.95% APY to 1.05% APY. It is a very impressive savings rate, especially when many of the biggest online banks — like Ally and Capital One 360 — are not currently providing savings rates of more than 1.00% APY. The new savings

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Capital One 360 Black Friday Deals Include Big Bonuses on Checking, Savings
Nov 26

Capital One 360 Black Friday Deals Include Big Bonuses on Checking, Savings

  Although the old ING Direct is now Capital One 360, the online bank hasn’t dropped the tradition of offering enticing Black Friday bank deals. This year, Capital One 360 will continue to dole out bonuses when customers open new accounts. These are the bank deals that are valid from Nov. 28, 2014 12:01 AM

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Nov 17

Synchrony Bank Raises Savings Rates to 1.00% APY

Synchrony Bank, formerly known as GE Capital Retail Bank, has increased the rate of its savings account from 0.95% APY to 1.00% APY, which applies to all balances in the account. The rate jump puts Synchrony Bank’s savings account as one of the best options for those who don’t have large balances. (The account has

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Regions Bank to Test New Branch Concept
Nov 14

Regions Bank to Test New Branch Concept

Regions Bank is currently experimenting with a new branch concept that offers new technology, new floor layouts and an enhanced customer service experience. The concept features ATMs that offer video conferencing with a live teller, who can process most transactions as an in-branch teller. Instead of teller lines, customers a greeted by bankers, who deal

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American Express Redesigns Website for Easier Navigation
Nov 13

American Express Redesigns Website for Easier Navigation

American Express has given a makeover to its online experience with new designs and layouts. Firstly, you’ll notice that the new looks makes it easier to navigate on web, mobile and tablet. Secondly, after logging in, you’ll see a streamlined Account Home that puts all the important information in front of you. There’s also a

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BB&T to Acquire Susquehanna Bank In Major Bank Merger

BB&T to Acquire Susquehanna Bank In Major Bank Merger

Susquehanna Bank, based in Lititz, Pa. with $18.6 billion in assets and $13.6 billion deposits, entered an agreement to be acquired by BB&T, one of the nation’s 10 largest retail banks. For BB&T, the acquisition of Susquehanna Bank will add 245 existing Susquehanna banking locations throughout the mid-Atlantic. “We are extremely excited to welcome our

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Nov 12

Urban Trust Bank Rebrands to Axiom Bank

Urban Trust Bank, based in Lake Mary, Fla. with $617 million in assets and $527 million in deposits, has started its rebranding process of becoming Axiom Bank. In the coming months, customers will begin to see logo changes on everything from branches to checks to email notices from Axiom Bank. The bank’s new website address

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Nov 10

Frontier Bank Is Shut Down By Regulators

Frontier Bank, based in Palm Desert, Calif. with $86.4 million in assets and $82.1 million in deposits, was closed by federal regulators on Friday. The failed bank’s deposits were assumed by Bank of Southern California, based in San Diego, Calif. The two branches of Frontier Bank have reopened as branches of Bank of Southern California.

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