After the financial crisis of 2008, in order to boost faith in banks and encourage deposits, FDIC insurance coverage was increased from $100,000 to $250,000. As a result, if a bank fails, you are entitled to get your money back -- up to $250,000. For many high net worth individuals, however, this is small comfort. [...]
One of the subjects coming up right now is food price inflation. However, it's not just inflation in terms of food prices that you have to be concerned about; inflation can strike just about anytime – and affect you in ways you might not realize. What is Inflation? Simply put, inflation is a rise in [...]
When you are ready to buy a car, chances are that you will need a loan to complete the transaction. Generally, there are two options available to you if you decide to finance your car: get a car loan through the bank or credit union, or a loan through the dealership. Getting a Car Loan [...]
Recent changes in bank fees at many banks have many consumers wondering what they should do next. If you are trying to decide whether or not to open a new account at a different bank, you need to find out a little bit more about your financial institution -- and the institution are considering switching [...]
One of the most important decisions you make as a small business owner is how you handle your banking. As you set up the bank account for your small business, here are 5 small business banking tips that can help you improve your banking situation: Open a Bank Account in Your Business Name The first [...]
Are you trying to build or improve your credit score? If you are you're not alone. There are a number of things you can do to improve your score, such as paying your bills on time and disputing negative items on your credit report. Another way you can help to build up your credit is [...]
One of the reasons that many people have difficulties with their finances is because they don’t understand their cash flow. Understanding your monthly cash flow is knowing the way your money moves through your individual financial system on a monthly basis. In order to make better financial decisions, you need to have a mastery of [...]
Lately, there's been a lot of talk about moving your money from the big banks. Some suggest that with all of the fees charged by banks, it’s a good time to make the move to a credit union. Before you make the switch, though, it helps to understand the differences between credit unions vs banks, [...]
The Federal Deposit Insurance Corp (FDIC) announced the closing of New Jersey based Fort Lee Federal Savings Bank. This brings the total number of failed banks to 17 so far in 2012. As of December 31, 2011, Fort Lee Federal Savings Bank, FSB had approximately $51.9 million in total assets and $50.7 million in total [...]
The Consumer Finance Protection Bureau is examining 9 banks on overdraft fees practices. The banks are being investigated for potentially pushing customers into overdraft protection programs which allow banks to collect more fees. Overdraft Protection Programs Overdraft protection programs allow people to overdraft their account, here's the catch though, when you overdraft your account the [...]
Follow Us