Remove products savings-accounts general-savings-account
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Walmart, Green Dot Announce Enhanced MoneyCard Features

PYMNTS

With features such as free cash deposits and a high-yield savings account, Walmart and Green Dot unveiled updated benefits for the Walmart MoneyCard Reloadable Debit Card program. Now more than ever, consumers are looking for ways to manage their money for less, while saving as much as they can. “Now

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Accelerate and Simplify ERP Payments

Perficient

How and with whom you work with in your banking relationships, where your depository and disbursement accounts are located, your account structure, ZBA Sweep Accounts, and how you record the transactions in your general ledger. Prepare a complete listing of all your accounts that you will be maintaining in your ERP.

Payments 322
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How To Improve Uninsured Deposit Performance

South State Correspondent

The concern is grounded in data as higher balance accounts are more interest rate and risk-sensitive than lower balance accounts. While every bank is now tracking the general metric, only a few banks monitor deposit performance in the category. To place that decrease in deposit performance in perspective, that is a loss of $1.8

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Citi Partners With Mastercard For Google Pay Plex Accounts

PYMNTS

Citi and Mastercard are teaming up as network partners for the digital checking and savings account Citi Plex on Google Pay, available for both Android and iOS. . Citi Plex account holders will receive a debit Mastercard, an auto provisioned instant digital debit card.

Google 284
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3 Rules to Getting Your Deposit Promotion Right

South State Correspondent

While we charted Fed rate movements below, we can see similar spikes when there are material equity declines, negative economic news that increases the need to save, financial news that increases interest rates, and world events, such as a war or pandemic, that cause a flight to investment safety. The answer is before when demand is high.

Strategy 195
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The Big Mistake When Pricing Deposits

South State Correspondent

One of the biggest mistakes bank make when pricing deposits is advertising an above-market rate, thereby shortening deposit duration and increasing negative convexity for that one account and the whole product offering. Consider a money market account at a bank. That 1.75% money market account likely has a duration of 0.18.

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Credit Karma Now Offers A High-Yield Savings Account

PYMNTS

Credit Karma , a company that enables people to gain access to their credit scores, is launching a high-yield savings account that customers can use through an app and online. CNBC reports that the savings account won’t have any fees and will not require a minimum balance to open. It offers a savings rate of 2.03