The Sun’s Financial Diary

Online banks are not idle when it comes adjusting interest rates for their savings products even when the Fed is.
This week, a number of popular online banks rushed to lower their already low interest rates. Now it’s hard to find a decent bank that pays above 2% APY at the time when people are increasingly [...]

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 [...]

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 [...]

FNBO Direct is the online division of First National Bank of Omaha. The bank currently offers 1.25% APY for its online savings account with no minimum and no monthly fee.
With five online bank accounts (not including the Bank of America checking account) already, am I supposed to simplify our finance instead of making it more [...]