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UPromise eCoupons Help You Save Money and Save for College

Are you using UPromise? UPromise recently (as far as I know) introduced a new program called eCoupon that allows participants to save money when shopping at local grocery stops and, at the same time, get college savings. How this program works is like this: If you don’t have a UPromise account, get one. Register your […]

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ING Direct Lowered Orange Savings Account Rate to 2.75% APY

Well, it didn’t take long for banks to follow the Federal Reserve’s surprising rate cut yesterday to lower their own rates. As I mentioned early, the rate cut, from 2.00% to 1.50%, didn’t help to save the stock market as the Dow took another 2% hit yesterday, but one thing sure to happen is lowered […]

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Fed Lowered Interest Rate in an Attempt to Halt Stock Market Free-fall

One day after the Federal Reserve Chairman signaled that it’s ready to cut interest rate, the central bank, in a coordinated action with central banks around the world, lowered its benchmark rate by 50 basis points to 1.5%. The emergency rate reduction by the Fed came after the Dow Jones Industrial Average Index lost more […]

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Why Doesn’t My Credit Score Increase When I Pay My Bills on Time?

There is a common misconception that just paying your bills on time will increase your credit score. While the reverse is true, which means, if you do not pay your bills on time, your credit score will decrease. Simply paying bills on time will increase your credit score till a certain point but after that […]

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WaMu Online Savings Account Now 4.00% APY

Washington Mutual keeps their effort to lure new account, increasing their online savings account rate to 4.00% APY (as of now, their website hasn’t been updated yet). The latest rate change puts WaMu at the top of the interest rate table. To get the 4.00% APY, you need to open a WaMu Free Checking Account […]

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Keep My Money Safe and Let It Grow

Where do you keep your cash now? In August 2007, when this crisis was still in the early stage, I talked about where to put cash in an uncertain market. One year later, the uncertainty remains and things are not getting better. The housing market, the stock market, and the overall economy. All struggling. In […]

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AIG Failed, Taken Over By Fed

This is a picture I took two years ago in Shanghai. It’s the building where American International Group (AIG) used to be located 80 years ago. AIG was founded in 1919 by American entrepreneur Cornelius Vander Starr in Shanghai under the name American Asiatic Underwriters. In 1927, Starr moved his office to this building on […]

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HSBC Direct Rolled Back Rate to 3.25% APY After Promotion

So HSBC Direct’s three-month promotion has ended yesterday and, as promised, the bank rolled back the yield of its online savings account from 3.50% APY to 3.25% APY, a mediocre level. The purpose of the promotion was, I suppose, to attract new customers, but I am not sure how successful the campaign was because, even […]

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