ING Direct Business Account $50 Promotion
I opened a PNC Business Checking Account early this year for the little business I am running. The reasons I had the account with PNC are that 1) they have a branch office in our neighborhood, so it’s easy to make a deposit; 2) the account has low balance requirement and no monthly fees; 3) [...]
EverBank Money Market Account Opened
a long time ago.
When I updated our July net worth early this month, I mentioned that I opened another savings account. That’s was barely one month after I got an account from Ally Bank. The reason is that I became extremely disappointed by Ally Bank, not only because of all the troubles I had with [...]
Time to Dump Ally Bank
I decided to end my short relationship with Ally Bank, though not completely.
For the two weeks that I banked with Ally, I felt very disappointed about the bank, not only because the trouble it caused during the process when I was opening my second CD account last week, which is very discouraging, [...]
WT Direct $150 Bonus Promotion
WTDirect, one of the popular online banks, is running a promotion again that, for a limited time, will give up to $150 bonus for every new account.
The bank had run a few similar promotions in the past and from what I can see, the promotions were quite successful in generating interests. The yield of WTDirect [...]
I Hate IGoBanking
It looks like I made a big mistake about two months ago when I moved all my money from Dollar Savings Direct to IGoBanking.
I have left IGoBanking a long time ago, but moved back in April after seeing their actually increased the rate of their savings account from 1.85% APY to 2.12% APY, the highest [...]
Ally Bank Made Significant Rate Changes
People always say good things will come to an end, but for Ally Bank, the good things lasted too short and the end came a little too fast.
Just two days ago, I praised Ally Bank for offering very attractive rates for its products, including savings account, money market account, and CD, when the trend for [...]
EverBank Raises Money Market Account Bonus Rate to 3.01%
EverBank, one of the banks that I talked about quite often here, has increased its bonus rate for its Money Market Account from 2.51% to 3.01% this week. The bonus rate is good for the first three months after the account is opened and funded. The current rate after the introductory period is 1.83%.
EverBank has [...]
Is the Fed Going to Determine Savings Account Interest Rates?
Do you still remember to what happened to Washington Mutual last year?
On September 22, 2008, WaMu surprised many people by offering one of the highest interest rates for its savings account. At 4.0% APY, the yield was very attractive and competitive. However, that didn’t last long. On September 25, WaMu was closed by the Fed [...]
Recent Bank Findings: Darby Direct 3.00% APY, Heartland Bank Direct 2.30% APY
Good bank deals are rare these days.
You are lucky if your bank pays you 3.0% or more for your money, unless you use one of those high-yield rewards checking accounts that always have a cap on how much money you can put into the account to earn the sometime 5+% yield. And, as you can [...]
Rate Updates: FNBO Direct 1.90% APY, WTDirect 1.76% APY and E*Trade 1.45% APY
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 [...]
