MoneyRates Blog
New Debit Card Overdraft Fees: Simpler, but Still Expensive
By Barbara Marquand | Money-Rates Columnist
There’s good news and bad news for consumers as banks comply with new Federal Reserve rules for overdraft fees.
The good news: Banks are simplifying their complicated overdraft fee structures, according to a June survey of the 15 largest banks by the Consumer Federation of America.
The bad news: Many are eliminating their lowest fees. The consumer [...]
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Checking Account Overdraft Protection: Would You Pay $30 for a Latte?
By Barbara Marquand | Money-Rates Columnist
If you run your checking account close to the line, it’s time to decide how to handle overdraft protection, or you could find yourself stammering at the cash register unable to pay.
Under a new Federal Reserve rule going into effect this summer, you have to “opt in” for the ability to overdraw your account with [...]
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SAVINGS RATES UPDATE
By MoneyRates team | Money-Rates Columnist
Today’s bank rate offerings include New Dominion Bank which is offering variable rate CDs with an interest rate tied to the Wall Street Journal prime rate. The bank will adjust the rate on the CDs as the prime rate increases or decreases. Current rates are 1-year (5.50% APY), 18-month (5.55% APY), 2-year (5.60% APY), and [...]
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