What Does The Fed Rate Cut Mean For Savings?
Uh, it means lower APY of course! Today, the U.S. Federal Reserve slashed 50 basis points to a rate of 1.50%. The stream of bank failures This rate cut in a state of increasing financial turmoil may be a life preserver for the economy but the effects it has on savings accounts and their user [...]
ING Direct $25 Bonus Referrals
Here are referral links to sign up for ING Direct Online Savings Accounts and Electric Checking Accounts that will give a bonus of $25 upon opening a new account with a minimum deposit of $250. ING Direct is probably the most popular online bank with its easy-to-use web interface and excellent customer support. It is [...]
Switching From HSBC Direct to ING Direct
I opened up an HSBC Direct Savings account last year when it was offering 5.05% APY. Very little was done with the savings account throughout the course of the year since I had very little money to put into it. Recently, I’ve implemented an automatic savings plan after doing a good amount of messing around [...]
What Happens To Student Accounts After Graduation?
It is my last year in college and I’ve begun to wonder if I can still use my student checking account or student credit card when I’m no longer a student. After graduation, I’ll be just another adult, right? I’m sure many other students and graduates-to-be are pondering the same question. As expected, every financial [...]
HSBC Direct Back Down To 3.25% APY
In June, HSBC Direct increased their rate to 3.50% APY until August 15 and then further extended it until Septemeber 15, 2008. It seemed like they would extend that “promotional” rate but it just so happens that AIG shakes up the financial markets that very day. Followed by the may other financial woes and an [...]
