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 [...]
Recent Bank Findings: Doral Bank Direct 3.50% APY, CNB Bank Direct 3.40% APY, Chesapeake Bank Clear Sky 3.15% APY
As online banks keep slashing rates, it’s getting harder and harder to find to find a decent rate from popular banks, whose rates are mostly in the mid-2% range now. To find a good rate, you will have to beyond those banks that we used most often.
Recently, I noticed a few such banks which are [...]
Dollar Savings Direct Dropped Rate to 3.50% APY
A couple of days ago I was feeling pretty good about Dollar Savings Direct (Dollar Savings Direct reviews) and their seemingly unbeatable 4.00% APY. Today, I am feeling a little disappointed when they finally decided to follow what other banks have done already, cutting their rate to 3.50% APY. From the bank’s point of view, [...]
Bank of Internet Interest Checking 2.80% APY, Savings 3.51% APY
Is anybody using this bank?
I didn’t pay much attention to Bank of Internet until recently when I noticed their interest rates: Checking 2.80% APY and Savings 3.51% APY, the combination of the two could be the best for those who need both products (exclude those so-called reward checking of course).
Bank of Internet at a Glance
For [...]
Rate Update: HSBC Direct Dropped to 2.60% APY and More
Though I no longer actively use HSBC Direct any more (my account is still open, but with no money in it), I have been keeping an eye on its rate changes, especially after other popular banks, such as FNBO Direct, etc., lowered their rates to below 3.0% recently. I want to see how long HSBC [...]
2008 Failed Banks and Credit Unions
2008 shaped to be a very bad year, if not the worst ever, for financial institutions, big or small alike. Big companies such as Citigroup, American International Group, and Fannie Mae and Freddie Mac needed billions of dollars from Uncle Sam to stay afloat, as losses from band loans, which triggered the current global financial [...]
FNBO Direct Dropped Rate to 2.80% APY
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 [...]
Rate Update: ING Direct Holds Savings Rate Steady, EverBank Maintains 4.00% Till Year End
It seems that every time the Fed cut interest rate, ING Direct was the first one among banks I have/had a relationship with to respond, usually within a day or two. This time is no exception.
ING Direct informed me tonight the new, lowered tiered rates for their Electric Orange Checking Account while holding the rate [...]
Checking out Kiplinger’s 2008 Best Financial Service Picks
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 [...]
