Everyone knows that Bernanke has instated an emergency rate cut to resist an impending recession. Dropping the 4.25 percent interest rate by 75 basis points down to 3.5 percent would also lead to the reduced interest rates at the numerous banks with high-yield savings accounts. So far, ING Direct has already dropped their rates from [...]

So as I have said in an earlier post, I’ve been looking around to get my first credit card. First off, I had no knowledge of how credit cards work besides knowing that swiping it is similar to borrowing money, instantly, and that I had to pay it back with interest. They seemed confusing to [...]

Saving money as early as possible is definitely a positive and beneficial attitude to have but sometimes, it may be better to start a little later. Coming from a lower class income family with a household income of about $23,000 and two adults and two college children, paying for school wouldn’t be easy (virtually impossible) [...]

Today, I received an email regarding my savings account that put a frown on my face. We are writing to inform you that based on the recent drop by the Federal Reserve, HSBC Direct has adjusted your Online Savings Account rate to 4.25% APY*. At 9x the national savings average**, you are still earning one [...]