Posts Tagged ‘Savings Accounts’

Happy Holidays and a Personal Finance Roundup

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We would like to wish everyone great health, happiness and prosperity — Pleased Holidays to all the readers and fellow personal finance bloggers! As is custom, it is time to spread love and joy and highlight articles from other bloggers about the internet. If you have some time to spare over the next few days, right here are some personal finance articles to check out. 10 Tax Deductions You Don’t Want to Overlook from Blip Blap — As 2010 draws to a close, it’s time to begin thinking about taxes – right here are some deductions you don’t want to… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - December 24, 2010 at 5:20 pm

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How To Benefit from the Right Savings Accounts

As banking fees rise and people are finding it harder to stretch a paycheck, saving is a simple goal people are resetting for themselves. But finding a savings account these days is not as easy as just stopping by your community bank. There are online resources often offering higher interest rates than traditional banks so it pays to really look around and compare your options. A savings account also comes in different forms. If you are not utilizing the right type of savings account for your financial goals, you might be missing the boat. Photo by Alan Cleaver via Flickr… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - September 21, 2010 at 8:20 am

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Deflation? Hyperinflation? What Do I Do?

I completely adore tuning into talk radio stations. It’s hucksterism at its most entertaining – the promoting of fear is palpable and the line in between content and commerical is so blurry I can’t tell if the host is on an economic rant or attempting to sell me on a gold broker. Regardless of whether you think this kind of talk display hosts are the scourge of the earth or a vital supply of talking reality to energy (I’m not in both camp, really), there is one reality that you can get away from all of it: no one knows… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - February 13, 2010 at 8:20 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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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

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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

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Personal Finance 101: What Does FDIC Insurance Really Mean?

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… Read the whole article...

Be the first to comment - What do you think?  Posted by Robert Wilkinson - December 6, 2009 at 12:20 pm

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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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