» Savings Accounts

Banks offer savings accounts to their customers as a way to encourage people to set money aside for emergency needs. Having money in a savings account is one of the best options to make sure you are staying free from credit card debt and other problems. Keeping your money in a bank is the best way to know that the money is safe. Banks that are backed by the FDIC are safe and can properly provide you with returns in case there is a bank failure.

Easy Opening Procedures

Opening a savings account is easy since many banks can offer them. To open a savings account you will need to deposit $25 or more to… » Read more

We all make financial mistakes from time to time. If you make some poor financial decisions and you find yourself in a dire situation, what can you do? There are some people that are savers and can rely on their savings accounts to get them by. Many others may already be living paycheck to paycheck and now you are stuck between a rock and hard place. What can you do at this point? Our Banktruth.com team has explored some top tips to help you when dealing with a financial meltdown.

Establish your income and debts

To know how dire your situation is, take some time to go over all of your accounts. How much money do you… » Read more

Have you noticed a trend lately? Higher bank fees are really making a headache for a lot of customers. If you are one of the unfortunate ones that is on the receiving end of higher bank fees, what can you do about it? Bank fees are high but there are some things that you can do, usually revolving around changing banks.

Bank fees are getting higher and higher thanks to a weak economy, a high number of defaults on loans, and the banks need to make a profit. With a lot of people moving to credit unions, banks are offering some enticing offers like a $50 incentive to open an account with the bank. While… » Read more