Articles
Selected category: Savings
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.
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The Pros and Cons of the HSA (Health Savings Account)
We discuss the HSA and whether it's appropriate for your financial situation.
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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 →We will discuss how taxpayers can increase their pay by decreasing their tax withholding.
Read →Wachovia is offering a savings account with a 4.88%. However there are quite a few quarks with the account.
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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 →Savings rates dipped very slightly this past week with the average dropping from 1.41% APY to 1.40% APY. Despite this drop, the top savings rate remained at 2% (ReadySaver.com from Southern Community Bank). Everbank also continued to offer their promo rate of 2.25% APY for the first three months on new money. After three months, the rate drops to 1.26% APY for a 1-year blended APY of 1.51%.
Read →Savings rates dipped slightly this week with the average dropping from 1.45% APY to 1.41% APY. Despite that, the top savings rate remained at 2% (ReadySaver.com from Southern Community Bank).
Read →The best savings account rates remain near the 2% range this week. Everbank tops the list with their guaranteed 2.25% 3-month promo rate for new money. Southern Community Bank has the highest non-promo rate with their Ready Saver Account.
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Is your Banker/Financial Planner Loyal?
Following a mass migration of brokers from Merrill Lynch after the buyout by Bank of America, some high-ranking executives and brokers are returning. Is this an exhibition of disloyalty and conflicts of interest between brokers and you, the client?
Read →Average savings rates moved up slightly in the past week as several banks joined the BestCashCow rate tables with competitive rates. This included a non-promo savings rate at 2% APY. CD Rates held steady with the highest rating being a 5-year CD paying 3.55% APY. All rates are as of 2/22/2010.
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