Banking

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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Wells Fargo Way2Save: Gimmick or Gold Mine?

July 23, 2011

When it comes to saving money, I’m a big believer in doing whatever it takes. If having too much tax taken out of your check each week so you get a big refund helps you save, do it. While you’ll lose interest on your money while Uncle Sam is holding on to it, that’s better [...]

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SmartyPig Lowers Interest Rate 25 Points to 1.10% APY

July 18, 2011

When SmartyPig was first launched a few years ago, everyone, including myself thought it was the greatest thing since sliced bread.  Not sure why people use sliced bread in the cliche but so be it.  Anyway, over the last 12 months, SmartyPig has made some extremely questionable decisions and after an interest rate drop of [...]

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List of the Best Online Banks for Savings Accounts of 2013

July 13, 2011

Finding the best online bank has never been easier. Here you’ll find online banks that offer a high interest savings account and high yield savings accounts. We like online banks because they offer competitive interest rates, low fees, and other options, while making banking more convenient than it’s ever been.   With all of the internet [...]

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FNBO Direct Offering 1.35% APY Bonus Rate Through March 2012

July 4, 2011

For the past two years, I’ve been doing everything I can to pay down debt.  With interest rates as low as they are (and continuing to free fall), it makes more sense to me to save on costly interest payments than to save money.  However, I do understand the importance of having an emergency fund [...]

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Aurora Bank is the King of CD’s

June 30, 2011

For anyone who hasn’t lived in or visited the state of Delaware, I’ve gotta tell you it’s pretty small.  Whenever my family and I would drive to and from Florida for vacation, we would pass through the state of Delaware on I-95 and it never took longer than 20 minutes.  But even though Delaware is [...]

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5 Alternatives to Online Savings Accounts

June 18, 2011

It’s no secret that  savings accounts are struggling to entice new customers.  With every week that passes, savings account rates are falling lower and lower. Online banks have proliferated the marketplace and boast more impressive rates overall than the bricks-and-mortar institutions, but even their yields have been anything but show-stopping.  This is all by way [...]

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