MoneyRates Blog
Is There Such Thing as “Too High” Rates on Deposit Accounts? Ally Enemies Think So
By Andrew Freiburghouse | Money-Rates Columnist
Savers looking for the best CD rates have noticed a “new” player on the scene: Ally Bank. In addition to attracting eyeballs with high interest rates on deposit accounts, Ally Bank has become famous for putting out a series of funny, irreverent TV ads portraying other banks as stingy tightwads.
However, Ally Bank is new only [...]
- Share this article with:
Delicious
Digg
Tip'd
StumbleUpon
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 [...]
- Share this article with:
- Delicious
- Digg
- Tip'd
- StumbleUpon
The FDIC Explains New Insurance Coverage Laws
By MoneyRates team | Money-Rates Columnist
The new deposit insurance laws have benefited consumers with higher insurance limits, but the increased deposit limits are only temporary until December 2009. The FDIC has issued their new issue of their Consumer News which details tips, rules, and information regarding deposit insurance. Listed below is the latest clarifications from the FDIC:Basic FDIC Insurance Coverage [...]
- Share this article with:
- Delicious
- Digg
- Tip'd
- StumbleUpon
Who or What is EDIE?
By MoneyRates team | Money-Rates Columnist
As the above public service announcement makes perfectly clear EDIE is an online tool developed by the FDIC to assist with questions regarding FDIC insurance on deposit accounts and the myriad of ownership classifications. Depositors can run through an online simulation of their bank deposits and receive a report which details insurance coverage. With the [...]
- Share this article with:
- Delicious
- Digg
- Tip'd
- StumbleUpon
FDIC Announces Unlimited Insurance Coverage on Non-Interest Bearing Accounts
By MoneyRates team | Money-Rates Columnist
It would not be a typical fall day without a major financial announcement from Washington D.C. Today’s new program is the FDIC announcement that all non-interest bearing accounts will be insured fully for participating instituions. This is a measure aimed at business payroll processing accounts and will stay in place until the end of 2009. [...]
- Share this article with:
- Delicious
- Digg
- Tip'd
- StumbleUpon
Second FDIC Bank Failure of 2008
By MoneyRates team | Money-Rates Columnist
No real reason for alarm but three weeks into 2008 and we already have two FDIC-insured banks which have failed and been placed in receivership by the FDIC. Douglass National Bank joins Miami Valley Bank as the two bank casualties. The last few years have been very quiet for the FDIC as shown below:
2004 FDIC [...]
- Share this article with:
- Delicious
- Digg
- Tip'd
- StumbleUpon
