Banking
2008 Failed Banks and Credit Unions
2008 shaped to be a very bad year, if not the worst ever, for financial institutions, big or small alike. Big companies such as Citigroup, American International Group, and Fannie Mae and Freddie Mac needed billions of dollars from Uncle Sam to stay afloat, as losses from band loans, which triggered the current global financial [...]
FNBO Direct Dropped Rate to 2.80% APY
Wow, that’s a big cut, isn’t it?
I just received an email from FNBO Direct with their latest rate at 2.80% APY, down from 3.25%, even below HSBC Direct, but slightly better than ING Direct (2.70%). But with ING Direct, you can refer people to make a little more extra ($10 per referral, check out my [...]
Venture Bank Introduces Wise-Choice Checking Account with 3.50% APY
Venture Bank keeps impressing me with their products.
Last month, I highlighted their Wise-Choice Savings Account (currently 3.60% APY) along with a couple of other banks. When I was creating my Savings Deals page last week, I noticed on their website that they have a checking account coming soon. Today I visited their site again to [...]
Rate Update: ING Direct Holds Savings Rate Steady, EverBank Maintains 4.00% Till Year End
It seems that every time the Fed cut interest rate, ING Direct was the first one among banks I have/had a relationship with to respond, usually within a day or two. This time is no exception.
ING Direct informed me tonight the new, lowered tiered rates for their Electric Orange Checking Account while holding the rate [...]
Checking out Kiplinger’s 2008 Best Financial Service Picks
Early last month, Kiplinger’s Personal Finance magazine published its annual best list. Among services and products recognized by the magazine, there are a few I am interested in having another look:
Online Savings Account: FNBO Direct
Checking Account: Schwab Bank High Yield Investor Checking
Money-Market Account: Flagstar Bank Express Money Market
I don’t know for sure how the picks [...]
Introducing the Savings Account Deals Page
As a rate chaser, I am always on the lookout for new bank offers. And if I find one that I feel can better serve my money, I usually end up getting an account myself. Since it seems that there are always bank offers better than I am using, the result of the rate chasing [...]
Popular Online Bank Routing Numbers
I put together a list of routing numbers of some popular online banks, those that I track regularly for their savings account interest rates. Along with the routing numbers, I also provided the sources where I found them. Most of the numbers are from banks directly, others are from places like FatWallet forum.
Bank
Routing Number
Source
DollarSavingsDirect Savings
226070403
Dollar [...]
Can Your Earn Too Much ING Direct Referral Bonus?
And not get yourself in trouble?
Yes and No.
I started to offer ING Direct referral links on this site since April and after I finished my own referrals, I also accepted referrals from others and hosted them here so they can earn some bonuses as well. But to all my knowledge, the maximum bonuses I can [...]
Rate Updates: EverBank 4.00% Bonus Rate, Capital One 3.40% APY
Don’t know what the motivation is, but it looks like EverBank has changed its mind on the interest rate of its Yield Pledge Money Market Account. (check out my interview with EverBank Direct president) When I first heard about the bank, I was quite impressed by the 4.76% bonus rate offer (though only for the [...]
WTDirect Promotion: Get up to $250 Bonus When Opening a New Account
WTDirect is running the sign-on bonus promotion again.
The bank had a similar promotion in the summer for its WTDirect Online Savings Account, but abruptly canceled the offer after only three days. The reason for the cancellation wasn’t exactly clear, but it could be because with the previous deal, you can actually profit from it and [...]
