Banks-24

Complimentary Banking Newsletter Bank News Industry Insights & Info

Archive for December, 2010

American Consumer Spending Increases

Posted by Levi Dynon On Dec - 23 - 2016

Whilst the rise in consumer spending is encouraging, the rate of increase (from a low base) remains disappointing. Demand drives the employment cycle, so if consumer demand is subdued, the prospects for new jobs remain bleak. The other side of this coin is that if consumers are afraid that their own jobs are insecure, they will try to cut back on spending to preserve whatever cash they have to tide them over whilst they are looking for a new job. This, of course, suppresses demand.

New data shows that the sale of new homes has risen by 5.5% in November; again, whilst this is good news, it must be set in context.

Screw Santa– I Deliver The Goods To You

Posted by Levi Dynon On Dec - 22 - 2016

Instead of waiting for ol’ Santa Claus to bring you want you want this year, you can go out and get it yourself.

Chances are that you’re not going to give me your email that easily. Let me tell you what’s in it for you?

A super-exclusive case study with serial internet entrepreneur Pat Flynn of Smart Passive Income.

As soon as you sign up you will receive this free pdf file. An exclusive case study along with my own thoughts at the end. What exactly does this case study cover?

What’s covered in my super-cool and super-free eBook?

As time goes on I will also be using my newsletter for exclusive giveaways, cool can’t-be-found-anywhere content, and to share ideas. It’s really a win-win situation.

Give it a try. If you don’

Common Financial Myths Debunked – Part 5: Investing

Posted by Jesse Shand On Dec - 21 - 2016

This is the final installment of our financial myth-busting series. We’ll close by going over the myths associated with investing. Be sure to check out the rest of the series.

When it comes to financial myths, there is no category with more mistaken beliefs than investments. Whether you’re talking about investing for retirement, in the stock market or even more sophisticated assets like real estate, commodities or bonds, there are so many “experts” with varying opinions that it’s hard to grasp just a few that really work for your strategy.

It doesn’t matter if you’re just a passive investor or an aspiring day trader, there are a few common financial fallacies that need to be cleared up before you start making your millions.

Myth #1: Investing is too complicated.

This is perhaps the most common reason why people hold off on investing in their retirement or even in general. Yes, investme

Tags: Investing

4.00% APY for best checking account offered by MB Financial Bank

Posted by Jorja Marion On Dec - 19 - 2016

MB Financial Bank is still pushing for their best interest rates offered for their best checking account called Red Checking that pays 4.00% APY for balances starting at $0.01 through $10,000. Deposits that go over the $10K mark yields 0.25% APY. The base interest rate for this high yield checking account is 0.05% APY. This checking account requires an opening deposit of $10.

In order to enjoy the best interest rates, account holders must meet the following monthly requirements:

· Complete 12 transactions totalling at least $100 using the debit card

· Use the online bills payment system, set up a direct deposit(minimum of $250), make a deposit via ACH

· Opt in for electronic statements

For this high interest checking account, you need to maintain at least a $500 average to avoid a monthly service charge of $10.

This money in the bank opportunity is offered for consumers who live within the bank’s service areas in IL, PA, and IN. Also

Time to get rid of cash completely?

Posted by Levi Dynon On Dec - 17 - 2016

Proposals to ban the $100 bill, as a way to thwart terrorists and other criminals, were in the news a couple of years ago, as we reported here at the time. Nothing much happened on that front, but today’s New York Times has a provocative op-ed piece that takes the concept a big step further: banning cash altogether, worldwide. The alternative to cash, according to the piece’s author, Jonathan Lipow of the Defense Resource Management Institute at the Naval Postgraduate School, is smart-card technology that would allow consumers to transfer money from a buyer’s card to a seller’s, for example. Apparently the cards themselves would keep records of all transactions, which would periodically be downloaded onto centralized computers.

Tags: Time, Time Get