Archive for the 'banking' Category

Top High-Yield Savings Accounts: Interest Rates And Some Thoughts

After the recent cut in the Federal Funds Rate, it is anticipated that most high yield savings accounts will follow suit and decrease the interest rates offered on deposits. In fact, a couple of fellow bloggers reported yesterday that ING Direct has already reduced it’s savings account interest rate from 4.50% (yawn) to 4.30% […]

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ING Electric Orange - Overdraft Is Not “Spending Power”, It Is “Borrowing Power”

I had this on my mind ever since I activated my Electric Orange account at ING Direct. Whenever I log in to my account, it adds my overdraft line of credit to my available balance and happily displays the net result as “Spending Power”. Here is how it looks:

Now, I am all for personal […]

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Reader Having Trouble Opening A FNBO Direct Account

Here is a question I received yesterday by John Wilks:
I’m having some trouble creating a FNBO direct account.
Firefox 2.0.0.3 - Your Application Timed Out For security, your application has timed out. Please click the button to retrieve your application. If you are unable to retrieve your application, you will need to start over.
Internet Explorer […]

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What Do You Look For In An Online Bank Account?

Sometime back, Henry @ Binary Dollar asked this money question: “What do you look for in an online bank account”? and invited responses from a few bloggers. Here is what I had to say about my views in choosing an online bank account.
1. High Interest Rates - This is the juicy part of online […]

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Simple Saving Trick: Pay Yourself First And Then Keep Stealing

This is not a new invention or anything; smart people have been increasingly stashing (saving) away money from themselves ever since the advent of the concept of “pay yourself first” (which has existed forever). However, in our case, we sort of *accidentally* extended the concept to suit our purposes - we call it […]

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