Tennessee Commerce Bank is offering 2.30% APY on their TCB Savings Account for balances up to $100,000. For over $100,000 the rate is 1.5% APY. One catch with the account is it only allows one free withdrawal per month and each additional is $2.50. This offer is available nationally and there’s a $250 minimum balance…
The insured funds limits on FDIC and NCUA insured institutions will remain at $250,000 until the end of 2013 due to President Obama signing the Helping Families Save Their Homes Act. It was set to expire at the end of 2009 but has been extended. I’m not really sure why they didn’t just make the…
Last week complaints were made by the ABA (American Bankers Association) about Ally Bank offering high yields on their CD and savings products after its parent company, GMAC, received government aide due to its financial troubles. In what seems to be a response, the FDIC set an interest rate cap on under-capitalized banks that’s set…
As we all know Countrywide was taken over by Bank of America because of its financial troubles, and now Countrywide has been officially rebranded as Bank of America Home Loans. For those that are looking for the new login for their old Countrywide accounts they’re located at: www.bankofamerica.com/cwcustomers.
Ally Bank, which is the rebranded GMAC Bank, is offering a 2% APY online savings account with no minimum balances and no monthly fees. You may have seen some of their commercials on television recently as they’re making a big push to rebrand themselves. One feature that Ally Bank is offering over other online savings…