Posts Tagged ‘Banks’
Now all this discussion of greed and the inherent corruption of the monetary system gave rise to the notion that all banks are evil. The only difference is the extent of how they practice their evil. And there appears to be a small set of banks who are not so fiendish. CNN Money identifies the top 8.
Ally Bank
No maintenance fee to keep minimum balance
Free use at any ATM
1.05% APY for balance of at least $ 15,000
ING Direct
Free checking account
Free use at any ATM
Online checks for free
USAA
No minimum balance for checking…
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Banks, evil, least
Out of the eight “least-evil” banks, as ranked by a staff reporter for CNN Money, I am a customer of two. Everyone who makes financial transactions of a regular basis or handles money in any form should have a checking and savings account at a solid bank that doesn’t attempt to charge its customers exorbitant fees. Although free banking is slowly becoming extinct and there is a good chance that choices for free accounts will become more limited in the next few years, you can still find a good banking institution to work with now, even if that might…
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One of the keys to financial freedom is developing a habit of saving. It sounds really basic, but many people have trouble with this, and many just don’t know how to start. Here is an overview of how you can get started with savings accounts. The article will cover types of savings accounts, how to open one, and various alternatives that you can choose from.
Photo via Wikimedia Commons
Types of Savings Accounts
There are different kinds of savings accounts. One of the main considerations is the yield you can get on your money. The bank pays you interest —…
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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…
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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…
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This is part 2 of a 4 part series on getting out of debt quickly. Make sure that you read all four parts in order to get the most out of this sequence of hints on getting yourself or your family out of the debt trap.
Next you are going to want to try to consolidate all of your debt onto a single credit card with an interest rate that is lower than what your current credit cards are requiring for you to pay. By doing this you are going to be lowering your monthly payments dramatically while paying…
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Right now, the student loan industry is going through one of its worst periods in decades. New Federal regulations have forced many banks to stop offering student loans, and students are being forced to either find a direct loan or start paying back what they owe. Enrollment figures are being affected dramatically and right now, many students simply cannot afford to go to school.
This problem is extending to those that are already trying to pay on their student loans. It has become harder than ever to consolidate old student loans and the interest rates are not helping matters…
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Although the premise of balancing a checkbook sounds easy enough, the fact is that the vast majority of Americans really don’t take the time to do it, or they do not know how to do it properly. There is a lot more than simple addition and subtraction when it comes to balancing a checkbook and if you are not careful, you can end up bouncing checks. Here are some tips that everyone needs to know about balancing their checkbooks.
1. Balance means balance –
Those statements that you get every month from the bank are not just for show.…
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