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Pros Check mark icon A check mark. Earn a higher interest rate with qualifying activities Check mark icon A check mark. Earn up to 15% cash back at local retailers if you use a SoFi debit card Check mark icon A check mark. No-fee overdraft coverage if you overdraw up to $50 Check mark icon A check mark. High bank account bonuses at other banksOther banks have high bank account bonuses, too.

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To qualify for the bonus, you must have an eligible account — a Chase personal checking account, Chase personal savings account, or J.P. Mortgage Wealth Management non-retirement account. To be eligible for the $600 checking account bonus, you can't own a Huntington checking account. Banks paying $500 or more to open a business bank accountHuntington Bank: $1,000In addition to its personal checking account cash bonuses, Huntington Bank also has three business checking account promotions. You must be a new business checking account customer to qualify for the Huntington Bank Unlimited Plus Business Checking Account bonus by May 22, 2023. Chase: up to $500Chase also is offering a business bank account bonus of up to $500 for new business customers who open the Chase Business Complete Checking account.

☆ BMO's chief strategist says you have to 'sift through the rubble' in the banking sector. Here are the smaller names he likes
▼ + stars: | 2023-04-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

First Citizens BancShares and Glacier Bancorp are smart smaller bank stocks to own as investors re-examine the pummeled financial sector, according to Brian Belski, chief investment strategist at BMO Harris. "Unfortunately, you have to kind of sift through the rubble to find ... the best names," he said on CNBC's " Halftime Report ." That's despite the fact that small- and mid-size banks will likely see massive consolidation more broadly, Belski added. Three out of the five analysts with ratings on First Citizens say the stock is worth buying, according to Refinitiv. But after its recent drop, the average analyst expects the stock to rally almost 25% in the next year.

☆ New White House bank regulation plan impacts short list of banks
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

[1/3] A First Republic Bank branch is pictured in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar/File PhotoWASHINGTON, March 30 (Reuters) - The White House's plan to strengthen the U.S. banking system announced on Thursday makes new demands on a small group of midsized banks. The plan asks regulators to demand banks with between $100 billion and $250 billion in assets increase liquidity and capital, and submit to extra stress tests, among other changes. BANK ASSETS, BILLIONCitizens Bank $226.4First Republic $212.6Morgan Stanley Priv. Bnk $209.7Silicon Valley $209.0Fifth Third Bank $206.3Morgan Stanley Bank $201.4Manufacturers & Traders $200.3Keybank $187.6Huntington $182.3Ally Bank $181.9BMO Harris $176.9HSBC Bank USA $162.4American Express $155.4Northern TC $154.5Regions Bank, AL $154.2Discover $129.4Signature $110.4First Citizens $109.2MUFG Union $104.4Reporting by Dan Burns; Writing by Heather Timmons; Editing by Anna DriverOur Standards: The Thomson Reuters Trust Principles.

First Republic Bank was forced to seek a lifeline this week, receiving tens of billions of dollars from other banks. These are known as unrealized losses — they turn into real losses only if the banks have to sell the assets. +2 % 0 –4 First Republic Pacific Western Signature −8 Plotted quarterly ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 +2 % 0 –4 Silicon Valley Western Alliance Zions −8 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 +2 % 0 First Republic Pacific Western Signature –4 −8 Plotted quarterly ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 +2 % 0 Silicon Valley Western Alliance Zions –4 −8 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 +2 % 0 First Republic Pacific Western Signature –4 −8 Plotted quarterly ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 +2 % 0 Silicon Valley Western Alliance Zions –4 −8 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 Source: Federal Financial Institutions Examination Council Note: Includes both “held-to-maturity” and “available-for-sale” securities, meaning both long- and short-term investments. Banks’ cash and noncash assets Plotted quarterly $200 billion Pacific Western Signature 150 100 First Republic 50 0 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 $200 billion Western Alliance Zions 150 100 50 Silicon Valley 0 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 Banks’ cash and noncash assets $200 billion Pacific Western Signature 150 100 50 First Republic 0 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 $200 billion Western Alliance Zions 150 100 50 Silicon Valley 0 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 ’19 ’20 ’21 ’22 Source: Federal Financial Institutions Examination CouncilMidsize banks like SVB do not have the same regulatory oversight as the nation’s biggest banks, who, among other provisions, are subject to tougher requirements to have a certain amount of reserves in moments of crisis. Last weekend, the Fed announced a program that offers loans of up to one year to banks using the banks’ government bonds and certain other assets as collateral.

☆ What’s Your Savings Rate? These Banks Are Paying 10 Times the National Average
▼ + stars: | 2022-12-28 | by ( ) www.wsj.com time to read: +9 min

Savings accounts have followed suit, with many top accounts yielding 3%, or even 4%, up from less than 1% earlier this year. The average savings account still earns just 0.3%, according to the Federal Deposit Insurance Corp. Accordingly, the highest APYs you can expect to find on savings accounts today are clustered close to that figure. If your main priority is simply the best rate, some online banks with less name recognition are pushing the envelope even further. Leon says digital institutions tend to be among the most competitive in their rates for CDs as well as savings accounts.

☆ Stocks making the biggest moves midday: Textron, Charter, Estee Lauder, Signet and more
▼ + stars: | 2022-12-06 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Textron – Shares of Textron jumped 6% after the company won a U.S. Army contract that could be worth $70 billion to provide next-generation helicopters. Charter Communications – Charter Communications fell 5% after analysts at Citi added a negative catalyst watch to the company heading into its analyst day. Signet Jewelers – Shares of Signet Jewelers surged 18% after the company announced earnings results that beat Wall Street's expectations before the market open Tuesday. SVB Financial Group – Shares of SVB Financial slid nearly 4%, reaching a 52-week low earlier in the day. Semiconductor stocks – Semi stocks Advanced Micro Devices and Nvidia fell 4% and 3.1% respectively amid a broader selloff in the Nasdaq.

☆ How High Will CD Rates Go in 2023?
▼ + stars: | 2022-12-01 | by ( ) www.wsj.com time to read: +6 min

Whether or not CD rates will continue to rise in 2023 depends a lot on what the Fed does to fight inflation, with higher inflation likely higher interest rates. Where will CD rates go in 2023? There is no direct relationship between CD rates and those set by the Federal Reserve, since banks can offer whatever interest rates they wish. And that means that CD rates likely have a little room to rise, but not a whole lot. While CD rates continually shift, it’s now possible to find rates of between 4% and 5% from well-known institutions like Capital One, BMO Harris, Synchrony and more.

☆ A quarter of Americans are expecting to delay their retirement due to rising consumer costs, according to a new study
▼ + stars: | 2022-10-13 | by ( Nathaniel Lee | ) www.cnbc.com time to read: +2 min

And nearly a third of seniors say they either plan to work through the age of 70 or never retire, according to a study by BlackRock. "The United States is definitely facing a retirement crisis," said Nari Rhee, a director of the retirement security program at the UC Berkeley Labor Center. "If you're retired and on a fixed income, inflation really, really hurts," said Rhee. One million dollars in a retirement account just two years ago is worth about $120,000 less when adjusted for inflation, and now, with that financial backdrop, a quarter of Americans say that are expecting to delay their retirement due to rising consumer costs, according to a survey by BMO Harris Bank. Retirees like Juanita Dykes, a former factory worker living in Rural Retreat, Virginia, say more things are becoming impossible to afford.

☆ PPP SMALL BUSINESS LOANS: How $525 billion in coronavirus-linked loans were spread across banks lenders
▼ + stars: | 2021-02-03 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +7 min

This is an update to our May and July PPP Small Business Loans reports. Its average loan size of $104,760 is just over the program's overall average of $101,000—this is particularly impressive when compared with its average loan size of $515,304 in the PPP's first tranche. It approved $6.55 billion in loans with an average loan size of $32,960, making it the bank with the lowest average loan size among top lenders. Best PPP LendersIn PPP Small Business Loans—the final of three updates—Insider Intelligence looks at how different lenders fared at implementing the PPP. Looks into PPP loan sizes and total fees gained by lenders, and examines total funded loans and average loan amounts for the top PPP lenders.

You may be eligible for payment assistance toward your mortgage, car payment, credit card, personal loan, or private student loan. 34 banks helping customers impacted by the coronavirusAlly BankMortgagesYou can defer mortgage payments through Ally for up to 120 days. ChaseMortgagesChase is offering mortgage payment assistance. Car paymentsTo request payment assistance for a car loan or other type of consumer loan, visit Regions' loan assistance page or call 1 (866) 298-1113.Credit cardsTo request payment assistance for a credit card, visit Regions' loan assistance page or call 1 (866) 298-1113. Personal loansWebster is offering personal loan payment assistance on a case-by-case basis.

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