Banking
What a Mess!
This is ugly! Actually it’s much uglier than I first thought.
Last Thursday, I opened an Ally Bank 9-month No Penalty CD account. However, due to some errors in the process, I ended up opening two accounts, not just one as I wanted, each with an initial deposit of $56,000. Since I don’t have that much [...]
Ally Bank Accounts Fully Functional, But …
I just had an argument with the bank that doesn’t make me feel very comfortable.
When I opened Ally Bank accounts last week, I deposited only $1,000 in the 9-month No Penalty CD account. That’s just the initial deposit that I plan to add more to later after the account is set up (it doesn’t make [...]
Ally Bank Online Savings Account Opened
Well, I finally pulled the trigger to open an Ally Bank Online Savings Account and a 9-month No Penalty CD Account, after mulling the idea for weeks but only watching the rates slipping further and further. Had I opened the account when I first discussed Ally Bank’s products at the beginning of the month, I [...]
I Hate IGoBanking
It looks like I made a big mistake about two months ago when I moved all my money from Dollar Savings Direct to IGoBanking.
I have left IGoBanking a long time ago, but moved back in April after seeing their actually increased the rate of their savings account from 1.85% APY to 2.12% APY, the highest [...]
American Express Online Savings Account 2% APY
Here’s another high-yield savings account offer, even though the rate isn’t as good as the rate from Ally Bank I mentioned last week.
The new offer is the High-Yield Savings Account from American Express. The credit card issuer received permission from the Fed to become a bank holding company last November. Right now the savings account [...]
Ally Bank Made Significant Rate Changes
People always say good things will come to an end, but for Ally Bank, the good things lasted too short and the end came a little too fast.
Just two days ago, I praised Ally Bank for offering very attractive rates for its products, including savings account, money market account, and CD, when the trend for [...]
EverBank Raises Money Market Account Bonus Rate to 3.01%
EverBank, one of the banks that I talked about quite often here, has increased its bonus rate for its Money Market Account from 2.51% to 3.01% this week. The bonus rate is good for the first three months after the account is opened and funded. The current rate after the introductory period is 1.83%.
EverBank has [...]
Ally Bank, Formerly GMAC Bank, Has Good Rates
Is the Fed Going to Determine Savings Account Interest Rates?
Do you still remember to what happened to Washington Mutual last year?
On September 22, 2008, WaMu surprised many people by offering one of the highest interest rates for its savings account. At 4.0% APY, the yield was very attractive and competitive. However, that didn’t last long. On September 25, WaMu was closed by the Fed [...]
Some Bank Bonus Offers
These $100 bills look good. You know you can get one of them by getting a bank account.
Right now, there are a couple of banks offering $100 bonus when you open open a checking account with them.
Chase Checking Account $100 Bonus
Open a Chase Checking Account before June 23rd and get $100 bonus when you set [...]
