I use Washington Mutual (WaMu) as my primary checking account. My paycheck is direct deposited there and I pay all my bills (with free online bill pay) with it. I like it because they offer absolutely free checking. There are no monthly fees or balance requirements and they have branches nationwide! They also offer free [...]
Since the Fed lowered the discount rate (the rate at which it lends money to banks), many online savings accounts have followed and have lowered their rates. FNBO Direct was offering a 6% promotion but is now offering a still-respectable 5.05%. Here is an interest rate round-up from around the web:
ING Direct: 4.5% to 4.3%
ING [...]
Here’s another $50 bank bonus! This time it’s from the well established Wells Fargo bank with nationwide branches. All you have to open a free checking account with a minimum of $100 and you’ll receive $50 within 30-45 days of opening the account. That’s an easy 50% return on your money for FREE! Free checking [...]
Here’s a brand new $75 Bank of America checking account bonus! You must open a checking account with minimum $100 by July 31, 2008 to receive your bonus. Use code AOU260508 and apply online or go to your nearest banking center. $75 will be deposited within 90 days. Amount will be reported to the IRS [...]
HSBC Direct recently bumped up their online savings rate to 3.50% until August 15, 2008.
FNBO Direct also announced today via email that they were bumping their online savings rate to 3.50%. They also increased some of their CD rates. These are great places to park that emergency fund.
You can also earn 3.90% at SmartyPig which [...]
The latest bank to “bite the dust” is IndyMac Bank in Pasadena, California. Earlier today, the FDIC took over the failed IndyMac Bank. This is already the fifth bank to fail this year alone compared to “only” three in 2007 and none in 2006 or 2005. This is also the second largest bank failure in [...]
FNBO Direct is putting on a Pay Yourself First online video contest with some nice cash prizes! I had heard about the contest a while back since I’m a customer of FNBO Direct and I wanted to put together a video. I kept putting it off until fellow blogger Jonathan at My Money Blog wrote [...]
Washington Mutual (WaMu) recently upped their online savings interest rate to 3.75% from 3.50%. It’s one of the highest rates going right now and a great place to park that emergency fund. I use WaMu as my main bank because of the numerous branches and ATMs in my area. Here’s my full review of the [...]
Since I blogged about the IndyMac Bank failure a little while ago, there have been several banks to go under with First Priority Bank in Bradenton, Florida being the latest casualty. It was closed last Friday, August 1, 2008 and is being taken over by SunTrust Bank. Two banks were also closed on July 25 [...]
The FDIC (Federal Deposit Insurance Corp.) shut down the Columbian Bank of Topeka in Kansas yesterday which had about $752 million in assets and $622 million in deposits.
This is already the ninth bank failure this year. There were $46 million in uninsured deposits by 610 accounts at the bank that exceeded the $100,000 insurance limit.
Now, [...]