Interest Checking Archives

Ever since the financial crisis, there has been a movement toward forcing financial institutions to behave in a more consumer-friendly manner. To this end, Congress is considering the overdraft fees banks charge as a follow-up to credit card regulation reform. Read more»

All that talk in Washington about holding banks accountable for hefty overdraft fees is finally turning to action. Read more»

These days, even the White House’s economic team is tamping down expectations for an economic recovery – only weeks after the Obama administration sent out some smoke signals that the worst was behind us. Read more»

By Jim Abrams, Associated Press Writer WASHINGTON (AP) — Bank customers who overdraw their checking accounts would get new protections from excessive penalties under legislation proposed Monday by the Senate banking committee chairman. The measure unveiled by Sen. Christopher Dodd, D-Conn., would give people a choice in whether they want to participate in overdraft programs that charge fees for covering ATM withdrawals and debit card transactions. Read more»

We’ve all been there – standing in line at a grocery store “15-items-or-less” checkout line, hands on hips, waiting for the clueless shopper to finish writing a $12.50 check for a quart of milk, two boxes of Ring-Dings and a box of laundry detergent. Read more»

Rewards checking accounts are increasingly popular with consumers, but does that mean they should take the place of traditional bank checking accounts? Considering the fees and restrictions attached, not always. Here’s a look at the pros and cons of rewards checking accounts. Read more»

If you’re like most Americans, you’re saving more these days. But that warm and fuzzy feeling you get knowing that your money is right where you left it might be inhibited by unwelcome fees.Lots of us have had the shock of seeing fees nip away at our nest egg. Take these steps now to avoid fees: Read more»

If you keep any sum of money in a checking account, you might as well earn some interest on it, right? Read more»

By manybanking.com StaffMany people keep a large percentage of money in their checking accounts so that the funds are readily available for bills and everyday expenses. Read more»