Choosing a Bank: Reviews to Guide Your Decision

Federal bank regulators seized Philadelphia-based Republic First Bank on April 26 in the first bank collapse of 2024. It’s not unusual for four or five smaller banks to fold in any given year when the economy is strong, but Republic First Bank’s failure underscores the ongoing vulnerabilities some analysts see within the banking system, particularly among… Continue reading The First Bank Collapse of 2024: How It Happened and What It Means for You

The fourth-largest credit card company in the U.S. may be poised to get bigger. In a stock-only deal worth an estimated $35 billion, Capital One plans to acquire Discover® Financial Services, the sixth-largest credit card company in the U.S., providing the plan passes regulatory and shareholder muster. If all goes as planned, the acquisition will be completed… Continue reading Capital One Proposes a Merger with Discover: How Could It Affect Banking Consumers?

With higher interest rates for savings accounts and CDs and lower or no fees for checking accounts, online financial institutions are quickly becoming a popular alternative to brick-and-mortar banks. Online banking provides customers the opportunity to do most banking functions from personal computers and mobile devices, without having to go to a physical bank location.… Continue reading Is It Worth It to Switch to an Online Bank?

Long before it became possible to manage your financial affairs with a few keyboard strokes and mouse clicks, people had to visit bank branches to complete their banking business physically. Sure, you could take a few $20s out of your account using the automated teller outside, but most transactions required you to work directly with… Continue reading Guide to Online Banking: How to Find the Best Online Bank

Neobanks are disrupting the banking industry with their low fees and ease of use. They provide a mobile-friendly alternative for consumers who want fast, simple, and cheap banking services. Before you rush to open a neobank account, however, you’ll want to understand their pros and cons, safety concerns, and how they work. Neobanks have developed… Continue reading What Is a Neobank?

Live Oak Bank is an online bank offering high yield savings accounts and CDs. Learn more about how it works to help decide if it’s the right bank for you.

Salem Five Direct is an online bank offering savings accounts, checking accounts and CDs. Read more about how this bank works to help decide if it’s right for you.

The COVID-19 pandemic has given consumers the opportunity to experience the convenience of digital banking out of necessity. It seems like the trend in banking habits will become a permanent shift that could also help them reduce fees and find better interest rates.

Reevaluating your banking situation can put you in a better financial situation if you understand your priorities and what you value in a bank. Here’s how to make this important decision among some very good options.

Taking advantage of a bank bonus can make opening a new account more rewarding. Learn more about the best bank bonuses offered to help you decide which ones are right for you.