Here’s a gem for you, courtesy of USAToday.com: apparently Chase is assessing new fees and raising minimum payments on credit card customers who are floating balances under promotional fixed rates. In the latest fee rolled out by a bank, JPMorgan Chase, the nation’s largest card issuer, has begun charging hundreds of thousands of borrowers a $10-a-month, [...]
As most everyone is aware now, the Federal Reserve this week dropped the Federal Funds rate by 75 basis points (0.75%). This is great for borrowers, but not so great for savers. Several online banks have already dropped their high yield online savings accounts drastically in response to the cut. This is on top of [...]