MoneyRates Blog
FDIC Bank Failures in 2008 by State
By MoneyRates team | Money-Rates Columnist
The final tally of banks which failed in 2008 was 25 which includes mega-banks Washington Mutual Bank and IndyMac Bank with over $1 billion in deposits. The FDIC insurance fund took a mighty hit, but with an increase in premiums and the ability to slowly sell-off assets of acquired banks the insurance fund is not [...]
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What are Banks Doing with TARP Money?
By MoneyRates team | Money-Rates Columnist
The Treasury Department is rumored to have committed nearly half of the $700 billion in taxpayer funds allocated by Congress in their economic recovery bill. Congressman, financial reporters, and private citizens have been increasing their questions of where the funds are actually going. Many major banks, which have received multi-billions in TARP dollars, have declined [...]
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Linking Your Online Checking Account to Your Online Savings Account
By MoneyRates team | Money-Rates Columnist
Bank make a huge amount of money from their customers who are forgetful and bounce checks. While overdrafts can happen innocently enough there are ways for online banking customers to protect themselves against overdrafts. The different options vary from expensive to cheap:
Overdraft Protection or Bounce-Coverage Plans
Bank that offer this plan will not return your overdrawn [...]
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Online Bank Deals
By MoneyRates team | Money-Rates Columnist
November has been a month of widespread lowering of rates by banks and lenders on their loan and deposit products. A quick summary of where some of the best online bank deals can be found:
Savings Accounts - UFB Direct 5.31%, complete list
Rewards Checking Accounts - 6.01% on balances up to $25,000 from numerous banks on [...]
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