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The WSJ is reporting today that Bank of America has pulled the plug on its planned $5 monthly debit card fee. It's no real surprise considering the negative press and the online uproar.

With average five year CD rates down to 1.60% APY according to BestCashCow's database, we went searching for yields that smashed the average. What we found was the highest bank rate in the land. First Choice Bank, headquartered in New Jersey is offering a 60-month CD paying 2.80% APY with a $1,000 minimum balance.

Foreclosed homes in your neighborhood can have a negative impact on you and the overall area. But you can minimize that impact by making foreclosed homes appear occupied.

It is no secret that the mortgage crisis has had a huge negative impact on the nation and its economy. But is implementing programs the solution or will it simply fix itself over time?

The NY Times had an interesting article over the weekend discussing how banks are flooded with cash, helping drive down deposit rates on savings and CDs. While I agree with the general thrust of the article, I would add a few caveats.

Massachusetts offers some competitive local savings account rates if you know where to look.

President Obama's new mortgage plan could be a great success for homeowners across the nation, but will it benefit you?

The First National Bank of St. Ignace is paying 1.51% APY on a 12 month Flex-CD for balances over $10,000. Funds over $10,000 can be withdrawn at anytime after seven days, making this a CD with a great rate and flexibility.

Reverse mortgage have helped relieve thousands of homeowners of their financial difficulties. But is a reverse mortgage best for you?

Financial problems are just the tip of the proverbial iceberg when discussing the negative impacts of foreclosures on a community.

With all of those financial institutions in the Lone Star State, it's no wonder that there are some way above-average CD rates to be found. The following banks offer 3-year CD rates well above the national average:

This week, the banking deal we want to highlight is a 3% APY 12-month Special EasyStart CD offered by Navy Federal Credit Union. To understand how good a deal this is, the average 1-year CD rate according to BestCashCow data is 0.61% APY while the very best 12 month bank (not credit union) CD rate in our database is 2.01% APY.

Rising rates of foreclosures are causing some communities to take drastic yet cost-effective actions.

Average savings account rates continue to fall, with average online savings accounts yielding 0.85% APY and average local savings account rates at 0.23% APY. But there's no reason to settle for average savings rates.