Posts Tagged ‘Savings Account’

Savings Basics: How to Get Started with Savings Accounts

Your Ad Here
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 —… Read the whole article...

Be the first to comment - What do you think?  Posted by Robert Wilkinson - July 8, 2010 at 11:20 am

Categories: Uncategorized   Tags: , , , , , , , , , , , , , , , ,

Why You Should Be Reinvesting Dividends

I’ve been investing in a few dividend stocks lately because savings account rates have been pretty abysmal. The prospect of earning a percent or two on my money is great for an emergency fund but lousy for anything long term. One of the important ideas behind dividend investing is that you should reinvest the dividends if you don’t need the income. Public companies offered dividend reinvestment plans, or DRIPs, that let you buy shares directly from them and have your dividends reinvested for free. Nowadays, many brokers offer this service for free and I take advantage of them. However,… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - March 16, 2010 at 2:20 am

Categories: Uncategorized   Tags: , , , , , ,

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

Categories: Uncategorized   Tags: , , , , , , , , , , , , ,

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

Categories: Money   Tags: , , , , , , , , ,

Savings Accounts vs. CDs: Where to Keep Your Money in 2010?

If you’re a savvy investor, you most certainly have a fair bit of cash tucked away for general spending and emergencies. The stock market is a long term investment and if 2009 taught us anything, it was to not have money you need to spend in the stock market. So where do you put the money you don’t want in the stock market? There’s 3 main options to place your cash and get it FDIC insured for up to $250,000. You can put your money in a checking account where you have fast and easy access to funds. You can… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - January 22, 2010 at 2:20 am

Categories: Uncategorized   Tags: , , , , , , , , , , , , , , , , ,

Are You Saving For Your Child’s College Education?

By Silicon Valley ... Are you worried about savings account rates and whether your investments are keeping up with your financial expectations?  That perhaps your money isn't stretching far enough to fund some of your future financial goals?   Well you're not alone.  There is one financial goal in particular, that looms heavily upon those of us with children: increasing costs tied to the call of higher education and college.  Lately, the issue of higher tuition rates has occupied the news; we heard of the disruption that took place at U.C. Berkeley when regents announced rising fees in the horizon.  It can't… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - January 4, 2010 at 6:20 pm

Categories: Uncategorized   Tags: , , , , , , , , , , , , , ,

Bank Accounts: When More is More

Share This Photo: Daniel Y. Go Everyone knows by now that long-term retirement planning is important, right? And you probably have some sort of budget or other system for planning daily, weekly, and monthly expenses. Great. Glad to hear it. But what about those medium-term, medium-size expenses like vacation, car repair, furniture, and holiday spending? You know, the expenses that always seem to bite you in the ass? Here’s my strategy: every time I get bitten, I open a new savings or checking account to collect… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - December 22, 2009 at 6:20 pm

Categories: Uncategorized   Tags: , , , , , , , , , , , ,

Debt Warning Signs and How to Get Out

Over the previous decade, an insane amouf financial debt has been wrd up. Household debs substantially eaten up a slice of private income because about the mid 90s. Here are 4 clues that you are carrying too a lot financial debt: Clue 1 - Your financial debt to income ratio is too higher. Your financial debt to income ratio is calculated by dividing your financial debt on a monthly basis by your monthly income. If your financial debt to income ratio is 15 percent, 20 percent or worse, you are definitely in difficulty in accordance to most credit counselors.… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - November 8, 2009 at 6:20 pm

Categories: Money   Tags: , , , , , , , , , , , ,

Next Page »