The Sun’s Financial Diary

Ally Bank now has a new CD product, the second new product in as many month.
The CD product, called 2 Year Raise Your Rate CD, isn’t entirely because it replaces the current 2-year high-yield CD which has a yield of 2.04% APY as of March 9th. What’s new in this product is the promise that [...]

A few years ago, I wrote a post about who offers the best deal in both the checking and savings accounts. Back then, 5+% yield on savings accounts and 3+% on interest checking accounts were very common. Now, we know things are totally different. With the Fed fund rates being held at close to zero [...]

When I talked about Ally Bank Interest Checking Account in January when the product was introduced, I mentioned that I may get one for myself. What I like about the new checking account isn’t that it bears interest. With 0.50% APY for balance under $15K, there isn’t much I can earn. Rather, what attracts me [...]

A high interest rate savings account is an essential part of our financial system. With a large amount of money that is currently held in bank accounts, I’d love to get as much return as possible while making sure that the money will be there when we need it in the next few months. Unfortunately, [...]

This time last year, I created a list to track failed banks in 2009. On January 23, 2009 when I wrote the post, there was a total of 3 bank failures. At that time, I also compared 2009 with 2008, the first full year of this recession when 25 banks were shut down. I was [...]

When we moved from New Jersey to Virginia last September, we had to make a lot of changes after settling down in the new place. Among the first things I did was updating our new address with banks, credit card issuers, and mutual fund companies. This didn’t take too much time because all can be [...]

If you are looking for a better place to park your hard earned cash, you will probably be disappointed when you see current savings account interest rates. Since I started tracking savings account rates early last year, the general trend is down, coming all the way from 4% APY to mostly below 2% in just [...]

It has been more than one and a half years since I last solicited ING Direct referral links from readers. For the past 18 months, I have posted 1,034 referral links for both ING Direct Orange Savings Account and Electric Orange Checking Account (I wanted it go faster, but that’s not something I can control [...]

This is a new free online checking account offer with $50 new account bonus.
PerkStreet Financial is offering a PerkStreet Online Checking Account that allows account owners to earn cash back with their Visa Debit Card. Every time you use the debit card in non-PIN transactions, you can earn 1% cash back. Right now PerkStreet Financial [...]

I have always been on the look out for better savings accounts, which are getting harder and harder to come by these days in such a low interest rate environment.  One of those accounts that had been on my radar for a long time was EverBank High Yield Money Market Account. What makes EverBank stand [...]