Deposit Info, General - Wednesday, March 3, 2010 10:45 - 0 Comments
Overdraft Charges, What’s the big fuss?
Just the other day when surfing ripoffreport.com I came across a complaint about overdraft charges. I then searched the site to see how many complaints there were about overdraft charges. THERE WERE 855 MATCHES IN THE SEARCH! I scanned through some of the headlines and not all are exactly about overdrafts, but a good many are. After reading SEVERAL on there it seems that the problem is not the bank charging an overdraft and cheating you out of your money, it is the person posting not keeping up with their checking account balance.
I noticed in several of the complaints the account owner admitting that they didn’t have enough money in their account so they would try getting money transferred or find a way to get money in there before transactions would post. These people are stating they don’t have the money, BUT don’t feel like they should be charged because of their irresponsibility. Continue…
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- Product life cycle even applies to bank products
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- Cashflow problems for banks
- Overdraft Charges, What’s the big fuss?
- Product life cycle even applies to bank products
- Federal Reserve System Regulations
- Net Interest Margin
- Get Better Returns With Social Lending
- Cashflow problems for banks
- Four Basic Consumer Financial Management Needs
- The Five C’s of Credit
- Four Types of Collateral
- Closed-end vs. Open-end Loans
- Major Consumer Lending Laws & Regulations
News - May 6, 2009 17:50 - 0 Comments
Darby Bank now offering High Yield Savings
Last week I came across Darby-Direct.com and they are offering 3% APY on their online savings account. That’s extremely good when compared to Juggernauts HSBCdirect (1.65% APY) and INGdirect (1.50% APY). Darby bank is a community bank out of Vidalia, GA with branches in other cities around south Georgia. I decided to give it a shot and it was actually quite painless to open. You do have to sign up for internet banking after you open an account which is more worth than other online savings accounts require, but it’s worth doubling your interest.
Below except was taken from the website giving more info about the bank.
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Loan Info - Feb 15, 2010 8:00 - 0 Comments
Get Better Returns With Social Lending
Social lending is becoming more prominent and people are starting to give it a shot with their spare money since the stock market isn’t doing so well right now. While you may read complaints on websites of people only getting 2%-4% it is still possible to get the higher rates of 9%-12%. Following the below steps does not guarantee no defaults in loans, but it will help decrease the chances of loans that go into default.
Here is what I look for when investing in notes on Lending Club.
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Personal Finance - Feb 8, 2010 12:00 - 0 Comments
Four Basic Consumer Financial Management Needs
There are four basic consumer financial needs that do not change that need to be fulfilled by banks. What changes are the way banks choose to meet those needs. Below are the four basic needs.
A method of exchange - Consumers want products that make it easy for them to make purchases, such as checking accounts, debit cards, and credit cards. They also want access to technologies that deliver services, such as telephone banking, secured Internet Banking and retail websites. Consumers also want alternative methods of payment available.
A means of preserving and accumulating wealth - Consumers want financial products that give them the ability to save and grow their money, such as savings accounts, CD’s, money market accounts. Also mutual funds and other investment vehicles fall into this category as more and more banks start offering investments that are not FDIC insured.Since the Gramm-Leach-Bliley Act in late 1999 was passed banks can now create subsidiaries to sell mutual funds, other investments, and insurance.