Mobile banking popularity surges

Personal Finance News

The popularity of mobile banking has increased significantly since 2010, the American Bankers Association (ABA) said in a recent report.

Javelin: Consumers expecting more from online banking

Personal Finance News

Despite high consumer expectations about how helpful online banking can be, current solutions are not currently up to par, Javelin Strategy & Research revealed in a recent report.

It’s “Bank Transfer Day” – Will big banks lose customers?

Personal Finance News

Bank account holders at big banks across the country may be taking their business to credit unions today, said Harris in a recent report.

Incentive rates for CDs fall into negative territory

Personal Finance News

For the first time in at least a decade, the average rate of 12-month CD specials fell below that offered on basic CDs of the same term length.

Membership increases at credit unions

Personal Finance News

A recent report revealed that membership at credit unions increased by more than 725,000 in the 12 months ending March 31, 2011.

Bank deposits in FDIC-insured institutions at all-time high

Personal Finance News

Analysis from MRI took a look at recent consumer banking behavior and discovered a definite trend: a noticeable shift from term accounts to liquid accounts.

Inflation rate surpasses top CD rate

Personal Finance News

Market Rates Insight revealed that the annual inflation rate topped the rate of the highest-paying CD in early 2011.

Savings rates show a marked increase in certain states

Personal Finance News

A recent study from Market Rates Insight (MRI) discovered that a number of states have seen savings rates rise this year.

Internet-only banks no longer have higher savings rates

Personal Finance News

A recent report noted that the higher-than-average savings rates commonly associated with online banking institutions may be a thing of the past.

Report: Record amount of money sitting in savings accounts

Personal Finance News

Consumers are leaving money in liquid bank accounts in historic fashion, said a recent report from Market Rates Insight.