News Topic: Savings accounts

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The New York company is seeding savings accounts offered by the challenger bank Goalsetter as a way to help minority communities as well as use technology to start building long-term relationships with young consumers. ]] ... Read full article

PayPal Holdings Inc. is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button. ... Read full article

Many credit unions offer these accounts to help members improve their financial behaviors, but some in the industry are wondering how long the surge could last. ... Read full article

The Democratic nominee has not gone as far as some progressives in support of financial inclusion, but ideas such as postal banking, a government-run credit reporting system and universal bank accounts would likely gain traction under a Biden ... Read full article

The industry can gain lifelong members in this demographic by validating their financial concerns as the economy struggles and offering guidance without judgment. ... Read full article

At a time when some Americans are being tempted to pour their savings into risky investments, the son of a Wall Street veteran is encouraging them to set aside more money. ... Read full article

Congress and the FDIC are considering easing limits on banks' holdings of such deposits, a move that could inadvertently lead to more expensive failures. ... Read full article

There were few fireworks at Wells Fargo’s first annual meeting under new CEO Charlie Scharf; billionaire investor and entrepreneur Mark Cuban pitches Fed-backed overdraft protection; as hotels sit empty, loan delinquencies pile up; and more from this ... Read full article

The central bank said customers will be able to make more transfers and withdrawals "at a time when financial events associated with the coronavirus pandemic have made such access more urgent." ... Read full article

Bankers groups are keeping close tabs on a host of legislative and gubernatorial proposals, from prize-linked savings accounts in Iowa to rent control in Massachusetts to a slew of bills modeled after California's recently passed data privacy law. ... Read full article

The digital-only bank found customers are anxious about their inability to set aside money, so it decided to offer automated savings tools, consumer chief Diane Morais says. It is one of the larger companies to do so. ... Read full article

The company's new platform targets a narrow customer segment ⁠— frequent fliers. ... Read full article

The new features use automatic transfers to encourage account holders to build savings faster and with less effort. ... Read full article