Fifth Third Bank customers who open a new consumer Essential Checking account or Business Checking account by 04.04.2015 will receive $200. To qualify, consumer customers must open a new Essential Checking account with direct deposit and make three online bill payments. Business customers must open a new Business Checking account, maintain an average collected balance of $1,000 during the first 90 days, and make three online bill payments. Click here for more information.
Comerica customers who set up and pay five new bills though Comerica Web Bill Pay by 03.31.2015 will receive a $25 Restaurant.com eGift Card. Click here for more information.
Desert Schools Federal Credit Union members who apply for a home purchase by 06.30.2015 will receive a credit of up to $500 towards the appraisal fee. The free appraisal offer is available on real estate transactions for mortgage loans serviced by Desert School FCU. Click here for more information.
Security Service Federal Credit Union is offering promotional rates as low as 4.00% on boat and RV loans through 03.31.2015. The advertised rate of 4.00% is available for new and used boat and RV loans for terms up to 72 months. Other promotional rates apply for terms longer than 72 months. Click here for more information.
Fifth Third Bank and Balance Innovations LLC teamed up to offer cash payment expertise to the retail market industries. Fifth Third Bank’s Currency Processing SolutionsTM (CPS) includes technology to help manage cash operations by counting, verifying, and securing cash in a retailer’s location in addition to reducing cash shortages. Balance Innovation’s ability to automate retailer’s cash front end operations with integration to point-of-sale POS systems to help speed typical cash office tasks is a natural complement to Fifth Third’s CPS suite. Click here for more information.
17.64% of the institutions who added CDs (based on data that was added to the Informa database between 01.06.2015 and 01.13.2015) allow their customers or members to bump up the rate one time. This is especially interesting when compared to the last five years when the number of CDs with bump rate options dropped about 25%. Could this be the first sign of an expected rising rate environment?