Accumulating wealth is like building The Great Wall, one brick at a time
Category: BankingBy Sun on May 9, 2008 in Banking, Personal finance | 6 Comments
It has been more than four months since I last updated my little interest rates table. During this four-month period, the rate picture of online banks has changed a lot, going down 5% something to mostly in the neighbourhood of 3% APY, as the Fed cut interest rates every time they met. However, the latest […]
By Sun on May 6, 2008 in Banking, Personal finance | 3 Comments
In a sign that interest rates may stop falling and start rising, E-Trade Financial sent me an email this afternoon with a surprising update: Start May 8, they will increase the interest rate of their Complete Savings Account from the current 3.01% APY to 3.15% APY, though the Fed has cut interest rates by another […]
By Sun on Mar 17, 2008 in Banking, Personal finance | 5 Comments
Not long ago, you can easily find an online bank that pay above 5% APY for your money. For example, from my last rate update at the end of 2007 (I didn’t update the list since them because banks kept lowering their rates even , you could get a 5.12% APY from UFB Direct or […]
By Sun on Mar 7, 2008 in Banking, Personal finance | 3 Comments
When I wrote about the RevolutionCard back in last September, I didn’t pay much attention to the other product, RevolutionMoneyExchange, from the same company. The reason for me not feel excited by the new product was 1) I didn’t use a lot person-to-person fund transfer and 2) I already have a Paypal account which is […]
By Sun on Feb 22, 2008 in Banking, Personal finance | 2 Comments
I have been automatically transferring a certain amount of money from our checking account to savings account on payday for quite a while. At first, $300 was moved every two weeks from our checking account at Bank of America to savings account at Emigrant Direct as part of our “pay ourselves first” strategy in order […]
By Sun on Feb 9, 2008 in Banking, Personal finance | 8 Comments
I am and I can’t think of any reason why not using it as long as I have a bank account. It’s safe (I don’t have to worry about losing the check) and it’s fast (there’s no delay for the money to show up in my account). However, it appears that not everybody is using […]
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