Posts Tagged ‘Apy’

Best High Interest Savings Account and Money Market Rates

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This is a comparison chart of credit unions, banks, and online savings banks that offers high interest savings account and/or high yield money market account. All bank accounts are NCUA or FDIC insured. Your principal is protected and you’re guarantee a positive nominal return on investment. In addition to the interest rates, we also included minimum balances, fees, and other details in the table to help you make a better decision. Reviews of the Most Popular Savings Accounts Bank Review EverBank Yield Pledge Money Market Account has consistently been the one of the highest yielding account in the group. For… Read the whole article...

Be the first to comment - What do you think?  Posted by Robert Wilkinson - December 2, 2010 at 12:20 am

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Best Online High Interest Savings Account Rates Comparison

Might 2010: This is a comparison chart of top on-line financial savings banks that offers higher interest financial savings account or higher yield money marketplace account. All of these accounts are FDIC insured up to $250,000. Your principal is protected and you’re guarantee a constructive nominal return on investment. For Might 2010, the typical interest rate on higher yield financial savings accounts remained secure at about; nevertheless, Sallie Mae On-line Higher-Yield Savings Account just boosted its rate to 1.forty% from 1.25% APY. As of five/1/2010 the highest yield financial savings account charges are (you can click on the links to… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - May 1, 2010 at 9:20 pm

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The Amazing Power of Compound Interest

One of the most constructive, and destructive, forces in finances is the power of compound interest. Compound interest is interest that is not only paid on the principal, but also on the interest that previously accrued on your investment. On the other hand, compound interest can work against you — for instance, as finance charges against your credit card debt that could quickly snowball out of control. It can be a great burden, or a great boon. It all depends on the money choices you make. Photo by thievingjoker via Flickr Making Compound Interest Work for You Compound interest can… Read the whole article...

Be the first to comment - What do you think?  Posted by Robert Wilkinson - April 16, 2010 at 7:20 am

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Sallie Mae Bank Review

Sallie Mae, normally known for their federal and private student loans, is entering the savings account area with a high yield savings account currently offering 1.35% APY with no monthly fees and no minimums. It’s your standard online bank offering with a pretty standard savings account rates. In scanning their list of offerings, the only thing that stands out is their 10% bonus for Upromise earnings, which can be substantial if you’re a big user of Upromise. Why Sallie Mae? I’ve been racking my brain to come up with an explanation of why Sallie Mae has started to offer… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - March 11, 2010 at 8:20 pm

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Ally Bank CDs Offer Protection From Rising Interest Rates?

Ally Bank has been making several customer-friendly tweaks to their product line which are worthy of note. First up are two that give you a way to lock in a higher rate, but with a handy exit plan in case rates start rising due to inflation or other governmental intervention. 60-day Early Withdrawal Penalties The usual deal for a certificate of deposit (CD) is that you agree to keep your money at a bank for a fixed length of time, and the bank agrees to give you a higher interest rate in return since it allows them to… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - March 2, 2010 at 1:20 pm

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ETrade Bank Savings Accounts now by Discover Bank?

Just got this e-mail from regarding my ETrade Bank online savings account: We are writing to let you know that your E*TRADE Bank account referenced above will soon be transferred to Discover Bank, and become a Discover Online Savings Account. This follows our plan to focus more exclusively on providing optimal investing solutions to our customers. We expect the transfer to occur on or about March 7, 2010. Discover Bank sounds okay from what I’ve read, and the APY on my whopping 3 cent balance will go up from 0.50% to 1.35% APY, but the only reason I… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - February 9, 2010 at 9:20 pm

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2010 Savings Account & CD Rate Updates

Interest rates are still pretty low as we enter 2010, but I remind people that high nominal rates aren’t always better. Would you rather earn 3% with no inflation or 7% with 5% inflation? In any case, most of us have a chunk of cash and we should still try to earn the most no matter what the rate environment is like right now. High-Yield Reward Checking Accounts These are checking accounts that are still fully insured and pay a very high interest rate, as long as you jump through certain hoops each month. This also means that… Read the whole article...

Be the first to comment - What do you think?  Posted by Robert Wilkinson - January 3, 2010 at 10:20 am

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Savings Account Interest Rate Updates

Still not much action in interest rate land, but here’s another update. Reward Checking Accounts These are checking accounts, usually through local credit unions, that pay a very high interest rate if you jump through some hoops each month. However, if you make a mistake you’ll forfeit virtually all your interest for that month, so it can be tricky. But for the very diligent, their rates are still averaging around 3-5% APY usually on balances up to $25,000. A current example is FAB&T Kasasa checking at 3.50% APY on up to $50k, which requires 10 check card purchases… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - November 20, 2009 at 12:20 pm

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