When the Credit CARD Act of 2009 became law, experts assumed card issuers would recoup revenue lost as a result of the new regulations by adding new fees, decreasing rewards and jacking up interest rates.
Even though rewards programs remain largely intact, consumers are feeling the pinch from new annual fees and higher interest rates.
Now, Bank of America says its card holders could get penalized if they make a late payment.
Previously, BofA didn’t charge a penalty APR. T
That deal is still good. It might even be considered great in this banking climate.
It’s paying 3.05% APY with a $500 minimum deposit.
UniBank is pushing for their promotional certificates of deposit so consumers can take advantage of the highest interest rates. These top cd rates can be enjoyed by opening an account with a minimum deposit of $500.