Bank news

FDIC To Restrict Interest Rates Of Troubled Banks

When I read this news, the first bank came to my mind is Washington Mutual.
The bank announced on September 22, 2008 that it has increased the yield of WaMu Online Savings Account to 4.00%. Back then, everybody knows WaMu was fighting for its survival, so the rate increase could very well be seen as a [...]


Personal Finance Reviews Links Of January 4, 2009

Hope you find these review articles helpful:
Christian Personal Finance discussed a website called DIYplanner.com, which allows you to print free Franklin Planner templates for every size so you can replace those missing pages in your planner.
Money Blue Book reviewed FNBO Direct High Yield Savings Account. It was a nice account and I used it a [...]


First Georgia Community Bank, The 23rd Failed Bank In 2008

Banks keep failing, even though the government has poured hundreds of billions of dollars into the financial sector. There’s no sign of easing as the Federal Deposit Insurance Corporation (FDIC) announced today that First Georgia Community Bank, which headquarters in Jackson, GA, was closed by authority on December 5 with its deposits acquired by United [...]