Delta Offers 12-Month CD At 4.5%
ATLANTA-In an effort to attract new savings, Delta Community CU said it is offering a 12-month CD at 4.50%.
The rate on the credit union's "StandingStrong" CD is significantly higher than the national average of 3.59% for a year CD.
The StandingStrong CD has a minimum deposit of just $1,000 and there is no cap on the amount.
All deposits are insured up to $250,000 by the National CU Share Insurance Fund.
The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.
Payment experts say that in the wake of Walmart supporting more digital wallets, many banks are missing the boat with mobile wallets by not aiming to stay top-of-wallet and by ignoring operational issues.
A forthcoming rule from Treasury's Financial Crimes Enforcement Network will spell out banks' obligations to identify the true identities and beneficial ownership of its clients, even as the administration eliminated most U.S. beneficial ownership reporting.
Roughly 680 customers were affected, none in the U.S. But the control that failed at Revolut is the legal intake queue every American bank runs.
The Federal Reserve's top regulator has the early returns from the report she commissioned on the 2023 bank failure and said it supports her call for new reporting practices among Fed supervisors.
The "near-prime" lending fintech Avant is seeking to become a full-service bank by filing for a national de novo bank charter with federal regulators.
