featured bank review

Etrade Banking Complete Savings Account Review

Etrade Bank is the banking arm of Etrade Financial which provide savings and checking services. With great reviews from major publications like Smart Money and Barrons, Etrade Complete Savings Account is a strong contender for our money. The User Interface and Account Information of Etrade Out of all the online banks I’ve used, Etrade Savings [...]

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FNBO Direct CD Rates (Updated July, 2009)

FNBO Direct is an online bank that is known for its good CD rates, simplicity and customer service. A division of First National Bank of Omaha, the bank has been in business for 150 years and is credible and well worth a look. Click Here to Sign Up For An Account The current CD rates [...]

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EverBank Yield Pledge Money Market Account

If any bank products out there interests me these days, it’s the EverBank’s Yield Pledge Money Market Account. I’ve been searching for the best place to put my short term savings, and this money market account seems to fit perfectly as it offers high interest rates, flexibility and convenience. Below are more of my findings [...]

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Ally Bank Commercial

Ally Bank recently changed names from GMAC bank and they are really pushing the advertising front very heavily. All over, we see commercials of the bank and they are actually not too bad. Here are the three variations for you to enjoy. Click Here to Go Sign Up for an Ally Bank Account Ally Bank [...]

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EverBank CD Rates (Updated June, 2009)

Everbank is located in Jacksonville, Florida and it has consistently grown in 30+ years, as it continues to attract deposits from people all over United States. Apply for an Account Here Everbank CD Rates (All Rates Quoted are APY) – Traditional CD 3 month – 1.25% 6 month – 1.65% 9 month -  1.65% 1 [...]

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Ally Bank vs American Bankers Association (ABA)

Watching Ally Bank and the American Bankers Association (ABA) fight is like going through kindergarten all over again. First, the ABA sends a letter to Sheila Bair at FDIC saying that Ally Bank should not be offering a high interest rate to attract deposits. Then, the GMAC subsidiary fires back and say that they are [...]

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Ally Bank Review

Ally Bank is the new name of the banking division of GMAC since anything “GM” is pretty much tarnished.  Can Ally Bank be safe for our money and is it a good option for our money?  Let’s find out with this review. Since changing and relaunching its new name in May 15, 2009, Ally Bank [...]

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FDIC Update – Banks Making Money in Q1 Again

The FDIC today said that the U.S. banks earned a total of $7.6 billion in the first quarter, following the record loss of $36.9 billion suffered last quarter.  Sure, it was below the $19.1 billion that the companies earn in Q1 of 2008, but a profit is a profit right? During the same quarter, banks [...]

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FDIC is Running Out of Money but You are Safe

FDIC had on record only $19 billion in funds at the end of 2008 and with 34 banks that already failed (the latest being BankUnitied that cost the FDIC $4.9 billion), there is no question that the FDIC fund is in a deep trouble. What’s likely going to happen is that the FDIC will ask [...]

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Ally Bank is Really GMAC and it Gets $7.5B from Government

I was wondering what the hell Ally Bank was when I saw those commercials and now I know.  In an effort to get rid of the tarnish image of GMAC, the company changed its bank subsidiary’s name!  Furthermore, the Treasury is going to send another $7.5 billion to GMAC in order to safe it.  Great… [...]

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More Restrictions to Repaying the TARP

The treasury department told sources that no banks will be allowed to repay the TARP until after June 8th, when the banks that need capital must have plans in place to raise capital. Also, the government have decided that they won’t approve each bank’s request to repay TARP individually but in batches in an effort [...]

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