Personal finance
401(k) Debit Card Is NOT a Good Idea
Don’t borrow money from your 401(k) account unless you absolutely have to. If you have to, pay it back as soon as possible.
The Securities and Exchange Commission (SEC) last week issued a warning on using 401(k) debit card to tap into retirement funds to pay for daily living expenses. As the slowed economy put the [...]
Protect Yourself and Your Money Against Bank Failures
“Regardless of the health of your bank or condition of the overall economy … returns are never high enough to justify the exposure of uninsured deposits.”
This is a quote from an article appeared on The Wall Street Journal online yesterday. Very true, isn’t it?
As more and more banks failed amid this sub-prime mortgage credit crisis [...]
Emigrant Direct and WT Direct Interest Rate Update
Just a quick update.
Two more banks raised their rates today. Emigrant Direct American Dream Savings Account is now at 3.00% APY with no fees and no minimum. I used to use Emigrant Direct when they were among a few banks that paid highest interest rate. Not any more. Even at 3.00%, they are still in [...]
WaMu Online Savings Account Now 3.75% APY
Washington Mutual now pays 3.75% APY for their online savings account. Banks are competing for our money.
Looks like the competition is heating up.
I just got an email from Washington Mutual with the latest change to the interest rate of WaMu online savings account. The new rate, effective immediately, is 3.75% APY, up 0.45% from the [...]
EverBank Reviews 2008: An Interview with EverBank Direct PresidentEverBank Direct President
EverBank offers 3.93% 3-month bonus rate for its Yield Pledge Money Market Account as well as FreeNet Checking Account. In this interview, EverBank Direct President Frank Trotter introduces the bank’s products and assures customers that EverBank has no business in the sub-prime market.
I didn’t pay attention to EverBank (though it was included in my online [...]
