Moneywise on January 3rd, 2010
Who is offering the best bank offers on interest rates? Well, by and large as we enter 2010, we’re seeing competitive interest rates for savings accounts at around 1.5%, with most below 1%. Incredible Bank, an online bank, is now offering over 2% on its checking accounts, but it’s unlikely that this will last. Maybe just long enough to get you to switch your bank account (not worth it).
Shore Bank seems to be intent on keeping its reign as the best paying savings account that I could find. This in spite of the fact it dropped its interest rate significantly to 1.70%.
Moneywise on July 10th, 2008
E-Trade (NASDAQ: ETFC) currently offers a pretty good deal when compared to my favorite, Schwab Bank (NASDAQ: SCHW), for those checking account holders carrying $5,000 or more in their accounts. With an average daily balance of $5,000 you can earn 3.25% which blows away the 2.01% offered by Schwab. Both banks offer no ATM fees and free bill pay. Another benefit of E-Trade, as well, is its much cheaper brokerage fees, if you decide to use that feature as well. However, Schwab generally has a better reputation for customer service and a stronger financial base.
Moneywise on June 23rd, 2008
Among banks in the western part of the United States, Bank of the West has the highest customer satisfaction, according to a survey by JD Power and Associates. The survey went to nearly 20,000 retail banking customers to discern what retail bank out west offered the best customer experience. “A highest ranking from J.D. Power and Associates is a wonderful tribute to the great people at the Bank of the West and their outstanding commitment to customer service. We have a long tradition of emphasizing service and our bankers believe that Bank of the West customers deserve to have the greatest retail banking customer service in the West,” said Michael Shepherd, President and CEO of Bank of the West. Bank of the West earned a score of 772 to best its regional competitors.
The highest score in the study went to Wachovia in the Southwest United States. BancorpSouth Bank ranks highest with a score of 782 in the Southeast and Commerce Bank won the Midwest and Mid-Atlantic Regions with scores of 750 and 781 respectively.
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