The Sun's Financial Diary

Are you looking for a business checking account?
If you are, then here’s a bonus offer from Chase.

From now till April 15, 2010, if you open a Chase Business Account and make a deposit of at least $1,000 within 30 days of opening the account, you can receive $100 bonus. It’s a pretty good deal since [...]

Ally Bank now has a new CD product, the second new product in as many month.
The CD product, called 2 Year Raise Your Rate CD, isn’t entirely because it replaces the current 2-year high-yield CD which has a yield of 2.04% APY as of March 9th. What’s new in this product is the promise that [...]

A few years ago, I wrote a post about who offers the best deal in both the checking and savings accounts. Back then, 5+% yield on savings accounts and 3+% on interest checking accounts were very common. Now, we know things are totally different. With the Fed fund rates being held at close to zero [...]

When I talked about Ally Bank Interest Checking Account in January when the product was introduced, I mentioned that I may get one for myself. What I like about the new checking account isn’t that it bears interest. With 0.50% APY for balance under $15K, there isn’t much I can earn. Rather, what attracts me [...]

A high interest rate savings account is an essential part of our financial system. With a large amount of money that is currently held in bank accounts, I’d love to get as much return as possible while making sure that the money will be there when we need it in the next few months. Unfortunately, [...]

I opened an ING Direct Business Savings Account last September when they had a promotion for $50 bonus. As I have explained in the post, the reason that I wanted to have an interest-bearing savings account for my business is, of course, to earn interest for the money that I had in a business checking [...]

Are you a Citibank credit cardholder? If you are, then now you can access your Citi credit cards from your mobile device, such as BlackBerry, iPod Touch, or iPhone.
Citibank recently launched its mobile banking application, Citi Mobile, for iPhone which provides its customers with anywhere, anytime access to their credit card account information. Actually, Citibank [...]

This time last year, I created a list to track failed banks in 2009. On January 23, 2009 when I wrote the post, there was a total of 3 bank failures. At that time, I also compared 2009 with 2008, the first full year of this recession when 25 banks were shut down. I was [...]

Well, Ally Bank, a division of GMAC Financial which recently received the third round of bailout from the government, is expanding its business, adding Ally Bank Interest Checking Account to its product line that already includes high-yield online savings account and CDs (regular CDs and 9-Month No Penalty CD). The checking account currently offers two [...]

When we moved from New Jersey to Virginia last September, we had to make a lot of changes after settling down in the new place. Among the first things I did was updating our new address with banks, credit card issuers, and mutual fund companies. This didn’t take too much time because all can be [...]