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Banks Loosen Overdraft Policies

Posted by: RateAPY Bank Rates News
September 25th, 2009

As Congress considers legislation to protect consumers from bank fees, two of the nation’s biggest banks are backing off from their most punitive overdraft policies. The Wall Street Journal reports Bank of America announced it would no longer charge customers overdraft fees for overdrawing their accounts by less than $10 in a day, and J.P. ... Read more »

While families are saving more these days, it is harder than ever to find out where to safely grow those savings

Posted by: RateAPY Bank Rates News
September 22nd, 2009

The U.S. Department of Commerce’s Bureau of Economic Analysis has some good news about the state of the American economy: families are saving money at higher rates these days. In the second quarter of 2009, consumers were saving five percent of their disposable personal income, compared to a recent low of about one-half percent back ... Read more »

FDIC Deposit Insurance Extension Affects CD Term Length Decisions

Posted by: RateAPY Bank Rates News
September 22nd, 2009

On May 20, 2009, the federal government opted to extend through 2013 the temporary increase in the standard maximum deposit insurance to $250,000 per depositor. Consumers wary of the stock market have turned to saving their money in bank certificates of deposit (CDs) as a way to maintain ... Read more »