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Tag Archives: Banking
Why Google Doesn’t Stack Up for Rates on Bank CDs and Savings Accounts
Looking for the highest rates on bank CDs, money markets, and savings?
Be careful that you don’t fall into the Google trap. As you search for terms related to bank rates, Google’s algorithm jumps into the fray and spits out its own rates with a search box ahead of your organic search results. This means that links to the big players such as Bankrate.com, MoneyRates.com, DepositAccounts.com, and the granddaddy of them all, Interest.com, get pushed down the list. As a consumer this wouldn’t be a problem if Google was delivering a nice snapshot of the best CD and savings rates… but it doesn’t. It’s an incomplete list without much pizzazz. If a snapshot is all you want, Google does the trick. But for a complete list of rates, terms, and tips – you might want to check out one of the sites listed below:
Financial and bank innovation on display in San Francisco
Finovate is a fintech conference where innovations are presented in short demos to a packed house of financial and banking professionals and enthusiasts. The presenting companies ranged from startups to large companies that generate over a billion dollars in revenue. The common theme at Finovate is….out with the old and in with the new.
This year, trends in mobile payments, security, financial management tools and back-end banking technology dominated the show.
Consumers who wonder what may be the next big innovation that goes mainstream should follow the companies that present at Finovate. To make it a little easier, here is a list of the 5 best demos that could effect your financial future:
This is a great idea. A powerful, analytic, intuitive tool to save money on investing decisions without being force-fed advertising.
Whether your portfolio analysis is as simple as trying to lower mutual fund fees or as sophisticated as computing beta, alpa and monte carlo simulations, the new SigFig tool unveiled at Finovate is a must-have.
Don’t depend on your online broker’s suite of tools – Wikinvest is smarter. The SigFig demo showed how taxes, performance and investment behavoir can be modeled quickly and efficiently.
It seems so blind-numbingly simple, but a great online document storing solution has not been created.
Until now.
Doxo is a self-service digital storage tool that provides consumers the ability to link their vendors and statements. Providers can also enrich the user experience with a stream of updates, offers and news as applicable.
Isn’t it about time that your filing cabinet goes online?
The Kasasa suite of products that BancVue offers to banks and credit unions are a definite win-win. Banks and credit unions can offer engaging products without driving up their marketing and tech costs, while consumers get great rates on reward checking accounts and other perks.
Their latest innovation called MoneyIsland is a financial education experience that connects financial institutions to schools and families.
Cool stuff.
A lot of sites deliver the highest rates on CDs, money markets and savings accounts. BankRate.com is the largest bank rate aggregator. Interest.com is the oldest. And MoneyRates.com publishes rates to a wide variety of sites including GoTalkMoney.com, SavingsAccounts.com, GetRichSlowly.org.
But the site with the richest user experience is MyBankTracker. At Finovate, the depth of the social community and mobile app capability was demoed.
PrivatBank (Liqpay.com)
If P2P payments take off, this company may be a household name. The idea of “money transfer to a face” may just be social enough to take P2P payments mainstream.
What was once the stuff of science fiction fodder is now real. Iris scanning has been developed by the folks at Hoyos with a product they call EyeLock.
In their view, the days of the password should be foresaken and everyone should log-in to Facebook, Twitter, Gmail and more by scanning their eye with a small device.
Does it work?
Yes.
Do you want it?
Maybe.
Hoyos made a strong case for the higher security, reliability and cost effectiveness of their EyeLock product. In a few years, this may be the preferred option to log-in to sensitive accounts like banking, credit cards and email.
Stay tuned.
Clark Schultz Blog 