Original post on The Sun’s Financial Diary
E-Trade Complete Savings Account now 3.20% APY
For the second time in less than two months, E-Trade Financial decided to make its Complete Savings Account competitive by increasing its interest rate from 3.15% APY to 3.30% APY, starting July 2, 2008. It made a similar rate adjustment in early May.
Though […]
Original post on The Sun’s Financial Diary
Free iPod Nano for Opening KeyBank Student Checking Account
Still don’t have a free iPod Nano?
KeyBank is offering a free 4GB iPod Nano when opening a free Student Checking Account. Key features of the checking account include:
No monthly maintenance fee or minimum balance requirement
No per-check fees or limits
Free […]
Original post on The Sun’s Financial Diary
WT Direct Increases Interest Rate to 3.26% APY
WT Direct became the latest online bank to increase the interest rate of its online savings, following similar move early from E-Trade, HSBC Direct, and FNBO Direct.
The increase is 0.10%, from 3.16% to 3.26% APY with a minimum requirement of $1o,000. After […]
Original post on The Sun’s Financial Diary
FNBO Direct Followed Suit, Up Interest Rate
After having been cut rates continuously since last September when the Federal Reserve began the current rate reduction campaign, some banks seem to start to reverse course in order to compete for our money even when the Fed is idle.
Since April, E-Trade Financial […]
Original post on The Sun’s Financial Diary
I almost forgot I still have a HSBC Direct account until I received an email notice this Monday from HSBC regarding the change of their HSBC Direct Online Savings Account rate. The new rate, effective June 2, is 3.50% APY with no minimum balance requirement (well, technically you do […]
Original post on The Sun’s Financial Diary
I have been considering getting a new online savings account with a better rate for quite a while. The banks I am using right now (IGoBanking and FNBO Direct) are OK, but their rates are not as competitive as they used to be. After looking around and evaluating potential […]
Original post on The Sun’s Financial Diary
It has been more than four months since I last updated my little interest rates table. During this four-month period, the rate picture of online banks has changed a lot, going down 5% something to mostly in the neighbourhood of 3% APY, as the Fed cut interest rates every […]
Original post on The Sun’s Financial Diary
In a sign that interest rates may stop falling and start rising, E-Trade Financial sent me an email this afternoon with a surprising update: Start May 8, they will increase the interest rate of their Complete Savings Account from the current 3.01% APY to 3.15% APY, though the Fed […]
Do you hate the hassle of printing out and mailing in your tax return every year? According to the IRS, 80 million people avoided the hassle last year by choosing to e-File their taxes. For those not aware, e-File simply means you send in your tax information electronically using tax software on your computer.
e-Filing TaxesOne of […]
Okay, so those aren’t the best place to manage your money. You really should be giving your attention to the road in your car, to the service in church, and to relaxing when on the beach.
However, if you’re dozing off under a beach umbrella when you suddenly remember you didn’t move any money into your […]
Original post on The Sun’s Financial Diary
I was really impressed the other day when I found out that Provident Direct, a little known online bank, was offering 4.50% APY with their high-yield savings account, when everybody else was paying almost a full percentage point less. At that time, I was thinking of getting a new […]
Original post on The Sun’s Financial Diary
Not long ago, you can easily find an online bank that pay above 5% APY for your money. For example, from my last rate update at the end of 2007 (I didn’t update the list since them because banks kept lowering their rates even , you could get a […]
Original post on The Sun’s Financial Diary
When I wrote about the RevolutionCard back in last September, I didn’t pay much attention to the other product, RevolutionMoneyExchange, from the same company. The reason for me not feel excited by the new product was 1) I didn’t use a lot person-to-person fund transfer and 2) I already […]
Original post on The Sun’s Financial Diary
I have been automatically transferring a certain amount of money from our checking account to savings account on payday for quite a while. At first, $300 was moved every two weeks from our checking account at Bank of America to savings account at Emigrant Direct as part of our […]
Original post on The Sun’s Financial Diary
Three incidents happened over the weekend made me feel the headache of the login processes at online banks and credit card companies.
I appreciate all the improved security features that financial institutions are now adopting to prevent illegal access to others’ accounts as more and more people rely on conducting […]
Original post on The Sun’s Financial Diary
I am and I can’t think of any reason why not using it as long as I have a bank account. It’s safe (I don’t have to worry about losing the check) and it’s fast (there’s no delay for the money to show up in my account). However, it […]
FNBO Direct recently introduces a new savings tool, FNBO Direct BillPay Account, which is more like an interest checking account (except no check-writing ability). The product currently is only available to existing Savings account members and it pays 3.50% APY. Other features of the new account include:
No minimum balance required and no fee;
FDIC insurance;
Interest compounded […]
While I don’t use 4-week T-bills as a short-term saving vehicle any more, I still keep an eye on the rate changes, though I don’t expect the rate to become competitive any time soon after the sharp drop in September, especially after two consecutive rate cuts.
The latest 4-week T-bill rate is at 4.008% APR. That’s […]
In my , Several months ago, I had a post comparing savings and interest checking accounts that offered by online banks. After last month’s rate reduction by the Federal Reserve, we have seen many online banks lowered their interest rates in the past couple of weeks. The following is an updated list of online […]
HSBC Direct, another popular online bank that offers high yield savings accounts, has just lowered its interest rate to 4.50% from 5.05% APY following last week’s Fed rate cut. The 55 basis points reduction is by large the largest among major online banks. Last week, ING Direct reduced interest rate for its Orange Savings account […]
Got an email from ING Direct this morning with their new interest rates less than 24 hours after the Fed cut its benchmark interest rate. The ING Orange Savings account used to pay 4.50% APY. The new rate, effective September 19, 2007, is 4.30% APY. Meanwhile, yields for their Electric Orange checking accounts are also […]
There’s another $25 bonus in the October issue of Kiplinger’s Personal Finance for opening an ING Direct Orange Savings account before November 30, 2007.
ING Direct is a leading online bank which offers high-yield savings account (4.50% APY) and interest bearing checking account (4.00% APY). If you are not familiar with ING Direct, here’s a story […]
If you are not a Bank of America customer, but used their ATMs to get cash recently, you probably have already noticed that you paid more in fees now than before because BoA has raised fees it charges non-customers for using its ATMs from $2 to $3, the highest such fee among major banks.
According to […]
