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?

The latest MoneyRates.com Checking Account Fee Survey looked at a cross-section of the banking industry and found that checking account fees have gotten more expensive over the past six months — and that these fees are getting harder to avoid.

Most consumers know that credit reports can contain errors, but among the most common problems are split reports with information on more than person.

Understanding how a checking account works is essential for managing your finances. A checking account is a primary tool for tracking income, expenses, and cash flow. By comprehending its mechanics, you can avoid unnecessary fees, better budget your finances, and ensure the security of your funds. Knowing how transactions impact the account balance enables efficient… Continue reading Best Standard Checking Accounts in 2024

The landscape for savings, certificates of deposit, and money market accounts has transformed significantly in recent years. While the returns on these deposit accounts were once minimal, the situation has evolved positively over the past 1-2 years. We are experiencing some of the highest interest rates for these accounts in over a decade, presenting a… Continue reading 2024 Excellence in Banking Awards: Top Performers and Innovators 

You deserve to have your money work for you. That’s why MoneyRatespiled and analyzed rates at hundreds of banks and credit unions to find the best interest rates available on several of the most popular banking products as of January 2024. Rates can change at any time, so it’s always best to check directly with… Continue reading America’s Best Rates Awards 2024

Looking to earn more on your savings? See which banks pay considerably more interest.