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Apr 14

Ally Redesigns iPhone Mobile Banking App with iOS7 Look

Ally Bank gave a makeover to its mobile banking application for the Apple iPhone. It now sports a look that is consistent with the iOS7 operating system. Redesigned from top to bottom, mobile banking customers will see a streamlined menu, improved navigation and combined activity for transfers and other transactions. An update for the free

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Apr 11

Bank of America Refunds Credit Card Customers for Add-On Products

In a settlement with the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, Bank of America was ordered to refund roughly $727 million to customers who were sold credit card add-on services, such as identity theft protection, between Oct. 1, 2010 to March 31, 2013. Bank of America stopped offering

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H&R Block to Drop Its Bank Charter to Avoid Tightening Regulations

Well-known tax-preparation services provider H&R Block has found a buyer for its banking division. BofI Federal Bank, parent of many online banks, agreed to purchase assets and liabilities from H&R Block — the exact terms were not disclosed. “This is an important step in ceasing to be regulated as a savings and loan holding company,

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Latest Bank Deals: April 2014
Apr 09

Latest Bank Deals: April 2014

Jump on these latest bank deals! Open up a new bank account and get a nice bonus: free money! Act fast many of these bank deals are expiring soon. Here are a few of the most notable bank deals from the past week: PNC Bank: $250 Bonus for New Checking Account (April 2014) First Citizens Bank

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Discover Bank Raises Long-Term CD Rates

Discover Bank has made significant rate increases to its long-term certificates of deposit (CDs). For instance, the online bank’s 5-year CD rate jumped from 1.65% APY to 1.95% APY. Its 10-year CD rate went from 1.90% APY to 2.25% APY. The rate changes from Discover Bank fall in line with the overall trend with CD

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Apr 04

Barclays Raises 4-Year, 5-Year CD Rates

Barclays has increased the rates on its 4-year and 5-year CD rates to stay on par with the competition, which has been pushing more attractive long-term CD rates in recent months. At Barclays, the 4-year CD rate jumped from 1.65% APY to 1.70% APY. The 5-year CD rate went from 2.15% APY to 2.25% APY,

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Mar 28

EverBank 4-Year, 5-Year CD Rates Make Big Jumps

EverBank has increased the rates of two of its long-term certificates of deposit. The online bank’s 4-year CD rate has risen from 1.65% APY to 1.85% APY while the 5-year CD rate jumped from 2.12% APY to 2.27% APY. Both have become top rates available nationwide for their respective maturity terms. EverBank requires a minimum

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Latest Bank Deals: March 2014
Mar 26

Latest Bank Deals: March 2014

You search for deals when you make purchases —  so why not do the same when you’re looking for a bank account? Now is as good a time as any to open a new checking account. Many banks recently introduced amazing deals — offering a wide range of rewards and cash bonuses. Here are some

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Mar 20

Huntington Bank Eliminates Overdraft Protection Transfer Fees

Huntington Bank is no longer charging a $10 overdraft protection transfer fee for consumer and business customer accounts. “At Huntington we made the decision that we did not want to charge customers for transferring their own money from one account to another,” said Steven Steinour, president and CEO of Huntington Bank, in a press release.

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CIT Bank Raises 5-Year CD and Jumbo CD Rates

CIT Bank has increased the rates for its 5-year CD and jumbo CD to extremely competitive levels. The 5-year CD rate increased from 2.00% APY to 2.25% APY. The product has a $1,000 minimum opening deposit. The 5-year jumbo CD rate increased from 2.20% APY to 2.30% APY. The jumbo CDs have a $100,000 minimum

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