Banking

Citi Raises Fees On Checking Accounts

October 5, 2011

When in rains, it pours. Last week Bank of America announced a $5 fee to use its debit card. This week the Occupy Wall Street protesters are fanning out across the country, looking to unseat the bonus marchers in the history books. And now my own bank, Citi, has gone and raised fees on its [...]

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5 Ways to Avoid Bank of America’s $5 Debit Card Fee

October 3, 2011

As you’ve probably heard by now, Bank of America announced that it will be charging its customers $5 a month to use a debit card. The response was swift and unequivocal–Yuck! In some ways I don’t blame BofA for the move. When Senator Durbin introduced the “Durbin Amendment” into the Dodd-Frank financial reform bill that [...]

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Citi Checking $100 Bonus

September 28, 2011

If you’ve taken a look at the interest rates offered on savings accounts lately, you could be wondering how long it’s gonna be before you have to start paying banks to hold your money.  Sadly, that day is not as far in the future as it used to be.  Interest rates continue to plummet and [...]

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ING Direct Launches MONEY Debit Card for Teens and Parents

September 5, 2011

One of the online banks that always seem to change (for the better) with the times is ING Direct. Year in and year out, customers rave about the functionality and customer service they receive from ING Direct and their Online Savings, Electric Orange Checking and Orange CD accounts continue to offer competitive interest rates. About [...]

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Is Dividend Investing a Smart Alternative to Savings Accounts

August 22, 2011

Dividend investing involves investing in stocks, mutual funds, or ETFs that pay dividends. Recently, I’ve started to move cash out of a savings account and into stocks that have really high dividend yields. The result is that I’m earning more than 5% just on dividends alone. Why have I made this change? Dismal interest rates. [...]

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EverBank Online Banking Review

August 17, 2011

Offering a wide variety of deposit themed options, EverBank continues to expand its market share for every kind of banking customer.  Founded in 1961 and formed in 1994, EverBank’s headquarters are located in Jacksonville, Florida. And as a testament to how well EverBank continues to progress, the field on which the Jacksonville Jaguars plays its [...]

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How to Maximize Your FDIC Insurance Coverage

August 15, 2011

When you walk into the bank, it’s hard not to notice the display notifying customers that the bank is FDIC insured.  Despite people’s familiarity with the notice, there are many misconceptions about what FDIC insurance actually entails.  Some people think that all of the money they deposit into the bank, regardless of account type, is [...]

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Writing Bad Checks Will Cost You More Than Just Money

August 8, 2011

A few days before my college graduation, I faced some very real fears.  Having no apartment, no job and no life outside of school, I stayed awake at night terrified thinking that I went to school for nothing.  Sure, I know a little more about probability and statistics but spending five years in school only [...]

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Ally Bank Just Raised (Then Dropped) Their Savings and MMA Interest Rate

July 29, 2011

For the past few years, the state of deposit interest rates has been nothing short of depressing.  Month after month, I’ve been forced to update our best online savings account page by reducing interest rates for every single bank and in some cases, interest rates have declined by more than 80%.  However, for the first [...]

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