Although national averages are continuing to drop, there are still 24-month CD rates on $25,000 as high as 2.53% APY. Click here for more information.
Webster Bank recently grandfathered its Totally Free Checking account and replaced it with Webster Value Checking. This new checking account has a $8.95 monthly fee which can be waived by either maintaining a $1,000 average balance or making ten debit card transactions per statement cycle. Webster Value Checking comes with free online banking, bill pay, and a Webster Visa Debit Card. Click here for more information.
Chase is offering cardmembers 10,000 bonus points for making qualifying transactions totaling $799 or more with their Chase Freedom credit card during the first 3 months of account opening. 10,000 bonus points can be redeemed for $100 cash back. Customers will also receive 1% cash back on all purchases and 4% more in bonus categories for a total of 5% cash back. Click here for more information.
BankAtlantic in Florida is offering several guarantees on new mortgages. They are promising to beat any lender’s price or pay the borrower $500. They also guarantee they will meet the closing date, or reduce the interest rate by 0.125% for the life of the loan. In addition, borrowers will receive a $100 bonus with any BankAtlantic checking account. Click here for more information.
Deutsche Bank's FX4Cash, their global cross-currency payments platform, has been enhanced by the introduction of Smart Convert. Smart Convert is a feature that uses artificial intelligence to identify major currency commercial payments and receipts that can be converted into local currency. Innovative functionality has been introduced to advise remittance payments via SMS text messages in local languages. Enhanced treasury management capabilities also include the integration of their Global Transaction Banking liquidity and Global Markets execution services into one online solution. Click here for more information.
Comerica recently introduced Office Perks, a reward program benefiting Comerica business deposit customers and their employees. Employees earn $100 by opening a new personal checking account and completing qualifying activities. The company earns $50 dollars for each employee who registers their new account with Office Perks. New business customers can earn $200 by opening a new business deposit account with a minimum deposit of $5,000. Click here for more information.