Woohoo! The tide might be turning in the online savings account front.
After many months of interest rate declines from every institution, one of them finally raises its rate on its online savings account. Ally Bank announced today that they will be increasing their yield from 1.70% to 1.75%. While it’s not earth [...]
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The personal finance community always talk about online savings accounts but seldom, if ever, does anyone inquire about the actual institution that readers use. Why only listen to one of us talk about a particular offering when everyone on the face of this planet have experiences with them? Today, let’s find out by [...]
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I’m so excited about the possibilities that I had to share it with everyone. New York Times reports that USAA, a privately held bank and insurance company that primary serves military personnel, is planning to offer an iPhone application to let users check deposit capabilities right on the phone.
No more going to the branch, [...]
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Being charged a $2 bank fee for just calling Wells Fargo only pushes me to endorse an online company like EverBank more. For yet another time, I was caught by surprised with “hidden fees”.
Some of you may remember the monthly bank fees my original business checking account incurred a while back. At the [...]
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Certificate of deposits, or CDs, are offered by banks as a way to attract additional deposits from customers in exchange for a higher yield. It works out for the banks because CDs have a fixed time period where there are penalties for early withdrawal, giving institutions a high confidence that the deposits can be [...]
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It is not what you expect but what you inspect. I noticed that my Wells Fargo basic business account charged me a $12 “monthly service fee” when I was looking over my statement. Apparently, in order for the fees to be waived, I need either:
a $6,000 average balance (calculated per day) or
be enrolled with [...]
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WTDirect is giving out up to $250 through their winter promotion! It’s been a long while since any financial institution has given such a generous sign up bonus so if you are looking into another high yield savings account, consider WTDirect.
The details are:
.
To be eligible, all you do is:
Go to their website and use the [...]
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I’ve contemplated about switching my checking account to the online high yield checking account (ING’s electric orange or ETrade’s online account come to mind) before. I will be honest, I wanted to switch not because I liked the other two companies better but mainly due to a high(er) yield when compared to my current [...]
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Falling under the “you’ve got to be kidding” category, Bank of America agreed to buy Merrill Lynch & Co to what equates to about $29 a share! This offer means that Bank of America would pay a 70% premium over Merrill’s closing price on Friday, which is just unbelievable.
This will make this stock extremely interesting [...]
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I just realized that I never balanced a checkbook nor do I even know what balancing a checkbook is! I always heard that it was very important to balance my checkbook but I never bothered to figure out what the difference was between my checking account and my credit card transaction list since I can log onto [...]
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