Investment maker acquires consumer banking operation from GE Capital04/26/2016 | ConsumerAffairs
Goldman Sachs is a banking name closely associated with Wall Street, not Main Street. As an investment banker, its primary business has long been trades, investing, and facilitating deals.
But the venerable institution is suddenly moving in a new direction, offering a savings account that requires as little as $1 to open.
Actually, it isn't Golden Sachs, itself, that is going after consumer deposits. It's the online deposit platform of GE Capital Bank (GECB) that it has r...
Some savings and money market accounts pay more interest than others04/18/2016 | ConsumerAffairs
The stock market's volatility in 2016 has some investors looking for places to park their money – anything from a nest egg or an emergency fund.
While stocks have rallied over the last few weeks, they have mostly regained the value they had at the start of the year. Government bonds and certificates of deposit (CD), meanwhile, can tie up money for extended periods of time.
But savings accounts, and their cousin – the money market account – may provide a safe and flexible ...
It is if it will help you accumulate savings. Just don't expect any interest.03/15/2016 | ConsumerAffairs
Years ago most consumers parked spare cash in a passbook savings account at their bank, a place where money could be separated from cash needed for day to day expenses and, where it could earn a little interest as well.
But in an era of rock bottom interest rates and the addition of numerous bank fees, many have come to question whether it makes sense to have a savings account.
It may, under the right circumstances. But it will definitely pay to shop around.
Many banks – e...