Savings accounts

A new survey shows more Americans are tapping into their savings as job losses rise and the pandemic's impact on the economy gets worse.

The insurance and research company expects the U.S. to fall into a recession as unemployment spikes and the GDP declines.

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.

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.

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

Bask Bank will offer customers AAdvantage miles for every dollar saved.

This is the second time in five years the California-based credit union has issued a giveback, for a total of $38 million.

The program will be called Bucks for Buckeyes and will be offered in partnership with the Minnesota Credit Union Network.

BB&T-SunTrust merger closing could slip into 2020; how “the most feared freshman” is shaking up House Banking panel; consumers are split about trusting Amazon, Google with their savings; and more from this week’s most-read stories.

Two new surveys have found that most consumers would prefer to stash their cash in traditional banks. But there's one group of savers who would be very comfortable opening accounts with tech giants if given the opportunity.