Wells Fargo Bank, National Association Articles
3 Simple Reasons to Never Ever Buy a Brokered Certificate of Deposit
On and off from February to May of 2023, US financial markets witnessed something that they ordinarily do not experience. We saw 1-year and 18-month brokered CDs rise to levels that were competitive with 1-year or 18-month online CDs, as... Read →
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Bill Dudley, Former Head of the NY Fed, Makes A Compelling Case for Not Raising FDIC Insurance, Proposes Alternative
In this Bloomberg piece, published today, Bill Dudley makes a compelling case against raising the FDIC insurance limit from the current $250,000 per account (learn more about FDIC coverage here). First, Dudley recognizes the importance... Read →
A Difficult Couple of Days in NYC, But Still No Urgency to Invest in Wind and Solar
It has been a difficult few days in New York as the air quality has been the worst in the world for most of the last 48 hours due to the wildfires in Quebec. The City of course has seen tougher days, much tougher. It has also... Read →
PayPal Gets Competitors
If you want to send money to your friend or family member, you will soon have more options. Bank of America, Chase and Wells Fargo form a partnership to give PayPal a run for its money, and their partnership will soon include more banks as well.
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Chase, Wells Fargo and Other Banks Cancel Debit Card Rewards Program
Chase, Wells Fargo, and SunTrust recently announced they are cancelling their debit card reward program in response to the new rulings on "swipe fees" that limit the amount that large banks can charge retailers for debit card... Read →
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Four Reasons the Good Old Fashioned Savings Account is Obsolete
There was a point before internet banking that passbooks were all the rage. These archaic devices were great. They were a constant running record of all of your transactions in an up to the minute format. From a tellers perspective they were horrible tedious accounts for old people. However they very much served a purpose. All of these new money market and high yield savings accounts didn't exist. But, now they do. These new accounts from banks and credit unions and other (i.e. Sallie Mae Bank, Discover Bank) are far superior to most brick and mortar savings accounts.
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