We often talk about the benefits of an online savings account but it may not be for everybody. Online savings accounts seem like a great deal, but despite the potential perks, there is a downside that you must be aware of. At first glance, stashing your money online seems great. The interest rates are higher […]
Online Savings Account
While reviewing Sallie Mae Bank’s online savings account, I realized how little the actual company behind the web interface mattered to me. I know, I know, the importance of choosing the place to store the majority of my liquid savings is critical. But when every company’s offering is just done through “software”, which for the […]
Do you get a little pissed when the high yield savings account rates go down the minute you sign up? I do. It’s no secret that institutions are dropping interest rates like fighter jets in World War II, but for what reason? Sure, everyone talks about the record low federal reserve funds rates but despite […]
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 asking. Which […]
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 used […]
FNBO Direct Review – FNBO Direct (First National Bank Omaha), a subsidiary of First National of Nebraska, joined the crowded scene of high yield online banks a few years ago. Now serving more than 6 million customers across the nation, this bank is committed to customer service which is quite rare.