Articles

Selected category: Savings

Medical Savings Account or Health Savings Account?

A comparison of two popular tax-favored savings plans to help you determine which is best for you.

Read →

Savings and CD rates continued to drop last week, although the decline in average savings rates slowed to a crawl. Some of the top CD rates dropped though, effectively lowering the best rates available.

Read →

Annuities: Why You Shouldn't Take The Big Payout

The annuity, an often overlooked investment product, is enjoying a revival. But just because you're promised big payouts doesn't mean you should jump at the opportunity.

Read →
Unlike two weeks ago where we saw a steep drop in CD and savings rates, rates were mostly flat over the past week. Savings Rates Average savings rates held their ground last week, remaining at 1.37% APY. The top rates also remained... Read →

I have come across a bank in New York offering a 2% savings rate, guaranteed through the end of the year. This offer beats any short term CDs.

Read →

The iShares Barclays TIPS Bond ETF (TIP) provides a decent yield currently at 4.09% as well as future inflation protection and little to no risk of default or loss of principle.

Read →

Roth versus Traditional IRA: The Age Old Question

A guide to help readers determine which is better for their financial situation: the Roth or Traditional IRA.

Read →

The Pros and Cons of the HSA (Health Savings Account)

We discuss the HSA and whether it's appropriate for your financial situation.

Read →

Sound Strategy for your 401k

Choosing appropriate long-term investments for your 401k plan is a challenging task. We'll discuss how to get it done.

Read →
For the fifth week in a row, Southern Community bank has the best savings rate on the BestCashCow rate tables, paying 2% APY on savings deposits via its Ready Saver program. That's 60 basis points higher than the BestCashCow savings... Read →

We will discuss how taxpayers can increase their pay by decreasing their tax withholding.

Read →
Savings rates continue their slow drift down with the average dropping from 1.40% APY to 1.39% APY. Tthe top savings rate remained at 2% (ReadySaver.com from Southern Community Bank). Everbank also continued to offer their promo rate of... Read →

Wachovia is offering a savings account with a 4.88%. However there are quite a few quarks with the account.

Read →

A Brief Guide to Good Financial Planning

Financial Planning is an essential service for most people. What are some key concepts you need to know about the process and why is it necessary?

Read →

Through the ever changing banking dynamics, everything is for sale. This includes bank accounts, especially to those companies who are not necessarily in the banking business. E*Trade, known as a discount brokerage firm, has a banking division which at points in recent history helped the company stay afloat. However, in a further effort to commodify, well, everything, some accounts were sold. Those online savings accounts that were not tied to brokerage accounts were sold to Discover Bank. The actual transfer of asses occurred on March 7, 2010.

Read →