Greg Garrison

19 hours ago | usnews.com | Greg Garrison |Mark Evitt |Ray Frager

Key Takeaways A few banks and credit unions offer interest rates of 7% or higher on kids savings accounts. High-yield kids savings accounts usually only pay the top rate on a relatively small portion of the balance. Some high-interest kids savings accounts are available nationwide, while others require you to live in a certain region. For parents, a kids savings account allows them to teach their children about finances in a more meaningful way than a simple dinner-table lecture.

4 days ago | usnews.com | Greg Garrison |Mark Evitt |Ray Frager

Key Takeaways Most banks don't specifically reward customers for staying with them long term. Some smaller banks and credit unions do include a rewards component that incentivizes longevity. Experts say banks can build customer loyalty by using technology to make digital banking more personal. When Desert Financial Credit Union first rolled out its Relationship Rewards program about a decade ago, the new perks and benefits were a hit with many of its members.

2 weeks ago | usnews.com | Greg Garrison |Mark Evitt |Ray Frager

Key Takeaways Capital One will pay $425 million to customers to settle a lawsuit over its savings accounts. Customers who've held a 360 Savings account anytime since Sept. 18, 2019, are eligible to claim money. Payout amounts will be proportionate to how much potential interest each claimant missed out on.

2 weeks ago | usnews.com | Greg Garrison |Mark Evitt |Ray Frager

Key Takeaways The federal government is phasing out the use of paper checks by Sept. 30, 2025. Social Security benefits and tax refunds will only be paid electronically. Check use has been declining for decades but is still commonly used for certain types of transactions. The paper check's days in the federal government are numbered. But how much longer will we pay with checks at all? President Donald Trump has given departments and agencies until Sept.

1 month ago | usnews.com | Greg Garrison |Mark Evitt |Ray Frager

If you're an account holder at either bank, you likely won't experience immediate changes.