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May 14

EverBank Launches a 5-Year MarketSafe Treasury CD

EverBank launched a new FDIC-insured certificate of deposit (CD) that is linked to the 10-year Treasury yield. This 5-Year MarketSafe Treasury CD has no monthly fees and requires a minimum deposit of $1,500. The depositor’s principal is protected: if the 10-year Treasury rate is unchanged or falls, customers get all their money back. If the

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May 09

Union Bank Offers Financial Literacy Mobile App for Kids

Union Bank introduced children’s mobile app, called Yuby, that features an interactive financial education tool to help kids learn about responsible spending, saving, budgeting and charitable giving. Virtual currency is used to simulate the financial transactions. Parents can supervise the entire experience by requiring a PIN for actions such as setting an allowance, making deposits

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May 07

Huntington Bank iPhone App Shows Balances Without a Password

A new update to Huntington Bank’s iPhone mobile banking application comes with a convenient feature for customers who don’t want to go through the process of logging into their accounts to check their account balances. The new feature, called “Quick Balance,” shows up on the app’s login screen. It show the balance of a customer’s

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Apr 28

U.S. Bank Now Offers Instant Payments Through Popmoney

U.S. Bank has expanded its Popmoney person-to-person payments functionality to include a new feature that allows customers to send money instantly to recipients at participating financial institutions. The Instant Payments feature is the quickest money transfer option available from Popmoney, if the recipient’s bank also offers Popmoney services. The delivery time is 3 days for

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Palmetto State Bank Takes Over Failed South Carolina Bank

Allendale County Bank, based in Fairfax, S.C. with $54.5 million in assets and $51 million in deposits, was closed by federal regulators on Friday. It marks the first bank failure in about two months. Palmetto State Bank, based in Hamption S.C., agreed to assume the deposits and purchase the assets of the failed bank. The

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Apr 25

Discover Cashback Checking to Have Separate Cash Back Balances

Discover said it will separate the cash back earned through Discover’s CashBack Checking account from the cash back earned through Discover’s cash back credit cards. The change will take effect on July 1, 2014, according to an email notice send to CashBack Checking customers. All cash back earned before this date will remain combined under

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Latest Credit Card Deals: Last Week of April 2014
Apr 23

Latest Credit Card Deals: Last Week of April 2014

With so many different types of credit cards out there, how do you find the perfect one? You’re in luck! Many credit card companies recently introduced amazing deals, offering a wide range of rewards and cash bonuses. Here are the most notable credit card deals from the past week: Sony Card: $100 for Opening New

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Latest Bank Deals: Last Week of April 2014

Latest Bank Deals: Last Week of April 2014

Don’t miss these great bank deals — PNC is currently offering up to $400 for a new checking account! You’re in luck if you’ve been searching for a new bank or checking account. We’ve tracked the best bank deals offered throughout the month of April. Here are a few of the most notable bank deals

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Apr 21

American Express Serve Now Sold and Reloadable at Walmart Stores

American Express announced that its Serve prepaid card is now available for purchase at more than 4,000 Walmart stores nationwide. “By offering American Express Serve alongside Bluebird at Walmart, we’re expanding our portfolio of products to meet the needs of more Walmart shoppers,” said Dan Schulman, group president of enterprise growth at American Express, in

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Michaels Data Breach Confirmed

Michaels Data Breach Confirmed

On Thursday, Reuters reported that Michaels Stores Inc., the U.S. largest retailer of arts and crafts supplies, confirmed a data breach effecting seven percent of its payment cards. The breach, which was estimated to have taken place between May 8, 2013 and January 27, 2014, may effect 2.6 million cards. Michaels issued a warning to

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