One unusual bank failure last week
by. Ken Tumin For several years after the 2008 financial crisis, Friday bank failures used to be common. Now it’s much less common. We haven’t seen a Friday bank failure since September 13. [...]
Posts Tagged ‘Ken Tumin’
The future of banking – How much will we benefit from more technology?
by. Ken Tumin What will banking look like 20 years from now? Hopefully, deposit rates will be higher. One thing that’s very likely is that we’ll see more technology just like we’ve [...]
How Much of Your Deposits are Held at Credit Unions?
by Ken Tumin Last week I asked “How Much of Your Bank Deposits Are Held At Internet Banks?” Out of 98 readers who voted, 58% responded that they had at least 70% of their deposits [...]
Can Internet Banks and Financial Services Replace the Megabanks?
by. Ken Tumin We have seen the growth of internet banks over the last decade, and this has been beneficial to savers as we seek out the best deposit deals. However, the megabanks (Chase, Bank [...]
Arizona Bank is the Fifth Bank Failure of the Year
by Ken Tumin One small Arizona bank was closed today by state regulators. This is the first bank failure since one month ago, and it's the fifth bank to fail in the country this year. [...]
Falling Balance Caps for Reward Checking Accounts
by. Ken Tumin In the last month we have seen several banks and credit unions not only lower the rates of their reward checking accounts but also lower their balance caps. The balance cap is [...]
CDs or Savings Accounts in Today’s Low-Rate Environment?
by Ken Tumin With CD rates so low these days, is it better to keep more of your money in savings accounts? I'm sure many savers have long-term CDs that are maturing. Those long-term CDs [...]
Growth of Credit Union ATM and Shared Branch Networks
by Ken Tumin One way credit unions can compete with the large banks is by belonging to ATM networks and the shared branch network. ATM networks can give credit union members access to surcharge-free ATMs [...]
Review of the 2012 bank failures and their effects on depositors
Savers may not see improvements in interest rates in 2013, but there is one improvement we will likely see. That is fewer bank failures. Bank failures are trending down. The year 2012 ended with 51 [...]
One Bank and Two Credit Unions Closed by Regulators
by Ken Tumin After four weeks without any bank failures, one small bank failed this Friday. With the holidays fast approaching, this might be the last one for the year. The failed bank was Community [...]