Rates Current as of Friday February 10, 2012

A bank is a fro profit institution. They provide loans, clear checks, hold deposits and related financial services. Credit unions perform similar functions but are organized as non-profit entities. The services it provides are to its members, which by law must share a common bond or affiliation.

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Banking & CD FAQs

My bank’s ATM indicated that I had a positive balance. But when I wrote a check, the bank charged an overdraft fee. How is this possible?

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A national bank is a private business. Generally, it sets its own interest rates on savings accounts. If you feel that your bank does not pay an adequate interest rate, shop around—and purchase your financial services accordingly.

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Generally, banks honor a stop payment request. If you properly record a stop payment order and the bank cashes the check, the bank may be liable for the cashed check. However, the bank may not be liable if you fail to provide enough information to identify the check or you fail to provide

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Generally it is much easier to budget and save with only one primary bank account for bill paying. It certainly not recommended that spouses keep separate accounts just to pay bills. However, as long as the accounts do not have duplicated fees where there is an actual cost to you to maintain another

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