Posts Tagged ‘Checking Accounts’
Over the past few weeks there has been some good promotions in the personal finance space that I would like to gather in one place for your convenience. If you’re thinking about trying out one or more of these services, this is a good time to give it a go. Here are some of the notable promotions:
Investing
Lending Club — Get $25 when you sign up as an investor on Lending Club.
TradeKing — Get $50 when you open and account and make your first trade.
OptionsXpress — Get $100 when you open an account.
Savings
Everbank — Get…
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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, Apy, Banking Services, Banks, Bonus, Checking Accounts, Earnings, Greater Awareness, High Yield Savings, Insight, Offerings, Personal Finance, Sallie Mae, Savings Account
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Photo: Callahan
Pssst. Hey, kid. Yeah, it’s me, in the trenchcoat. Want to earn 3 to 5 percent interest on your checking account? Well, you can. There’s a catch, of course, but it’s not a big catch, and you don’t have to do anything sneaky. (Trenchcoat notwithstanding.)
Over 600 credit unions and community banks offer reward checking accounts, and nearly 1.5 million customers have signed up. With a typical reward account, you’re required to use direct deposit and e-statements, and you have to use…
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Atm Fees, Checking Account, Checking Accounts, Community Banks, Credit Unions, Debit Card, Direct Deposit, Federal Deposit Insurance, Financial Analyst, High Interest Savings, Minimum Balance, Reward Checking, Several Ways, Slam Dunk, Statement Period
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…
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25k, Amp, Apy, Billpay, Card Purchases, Cd Rate, Checking Accounts, Chunk, Current Account, Direct Deposit, High Interest Rate, High Yield, Hoops, Inflation, Interest Rates, Mistake, Reward Checking
One of the biggest things I inspire people to look for when they open a financial institution account is that the financial institution is FDIC insured. Most banks working in the United States offer this insurance. In an era where people are much more than a small worried about financial institution failures and the like, FDIC insurance is vital.
But what exactly is it?
Charlie writes in:
What exactly is FDIC insurance? How does it function? [A local financial institution] went under recently and appears to have been bought out by another financial institution and from what I understand the…
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Bank Failures, Certificates Of Deposit, Checking Accounts, Deposit Money, Fdic Insurance, Fdic Insured, Federal Deposit Insurance, Insurance Policies, Local Bank, Money Market Accounts, Personal Finance, Safe Deposit Box, Savings Accounts, Stocks Bonds, Treasuries
High yield savings accounts are all the rage these days because of their high interest rates, but there are very few online checking accounts making the rounds. PerkStreet Financial is the online checking account product from The Bancorp Bank, an FDIC insured (Certificate #35444) since July 2000, publicly traded (TBBK) bank headquartered in Delaware.
Until Dec 31st, you can get a $50 bonus if you deposit at least $25 and keep the account active for three consecutive months. The $50 is deposited fifteen business days after the third month. There are no other requirements.<br ...…
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All The Rage, Amp, Bonus, Br, Checking Account, Checking Accounts, Fdic, High Interest Rates, High Yield Savings, High Yield Savings Accounts, Lt
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…
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Amp, Apy, Card Purchases, Checking Accounts, Credit Unions, Direct Deposit, High Interest Rate, High Jump, Hoops, Membership Eligibility, Mistake, Reward Checking, Rewards, Savings Account Interest Rate, Savings Accounts
I haven’t carried out an curiosity cost te le sadly there just hasn’t been that a lot to produce about.
Reward Checking Accounts
These are checking accounts, generally by way of nearby credit score score score unions, that spend a extremely higher curiosity cost if you leap by way of some hoach and each and every month. Nonetheless, if you make a error you will forfeit virtually all your curiosity for that month, so it can be challenging. But for the extremely diligent, their charges are nonetheless averaging about 4-five% APY on balances up to $50,000. Here’s a…
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25k, Apy, Card Purchases, Checking Accounts, Credit Unions, Direct Deposit, Fdic Insured, High Interest Rate, High Jump, Hoops, Membership Eligibility, Mistake, Rewards, Roundup
