Ever heard of Money Aisle? I didn’t before a reader asked me to check them out. It turns out, Money Aisle lets banks compete for your savings via an online auction. All you do is pick your investment (savings or CD’s), the amount you will invest, the duration of your savings (if choosing a CD), [...]
Category Archives: Banking
Do You Still Balance Your Checkbook? I Sure Don’t
The other day I received an interesting question from Bobbi concerning balancing a checkbook. Here it is:
With banking and statements being completely accessible online, do you still balance your checkbook on paper?
Personally, I have never really balanced my checkbook. I know that many of you will think that is outrageous, but it has always worked [...]
Make the Most of Your New FDIC Insurance
I posted about the FDIC insurance limits several months ago and since then they have changed. I figured I would update the limits in this new post as many people have come across this article via Google search.
The FDIC (Federal Deposit Insurance Corporation) insures deposits for most banks and savings institutions. In the event that [...]
Savings Account for the 21st Century (at 3.9% APR)
A recent article in Kiplinger’s Personal Finance mentioned a fairly new “Christmas Club” way of saving. Smarty Pig is a new FDIC insured savings program offered by Iowa’s West Bank. It allows you to set up multiple accounts (for free) with designated goals. So, you can have one for a down payment for a new [...]
Move 2 Years Worth of Major Expenses to a Savings Account?
I typically enjoy reading Money Magazine. But this month’s edition of “The Crisis: What Do I Do Now” kind of upset me. This month’s editor’s note contradicts itself quite a bit. Eric Schurenberg gives his take on “What Not To Believe About the Crisis”. When he gets to the section about how the economy is [...]
Avoid Your Banks Highest Rate Loan
In a recent article by CNN Money, they mention the raw deal that you get from a banks overdraft protection. Typically, banks offer you this ‘protection’ and automatically approve a transaction, even if you do not have the money in the account. The convenience or overdraft fee for this can range up to $40 or [...]
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