High Interest Alternatives to Savings Accounts
Right now, the best savings account rates aren’t even 2% APY. They’re so low that even those people who are earning nothing, 0%, have very little incentive to move their money! If Bank of America is paying you 0.10% in your savings account, and an online bank is offering 1.50%, do you know how much more money you’d earn if you moved $1,000 over? You wouldn’t even make fifteen bucks more. That’s it. How much is your time worth? Certainly more than $15!
The Federal Reserve is making it hard for savers to save because they’re keeping the target interest rate so low. Why would a
I live in a town that’s the economic hub of more than 500,000 people and like other cities and municipalities, we’ve been affected by the economic downturn that began in 2007. Shortly thereafter, we elected a mayor who was a former banker and very frugal. As I understand it from some people I know in city government, he is highly reluctant to spend money. City depa
Now that you’re about to head off to college for the first time, or back again, it’s important to keep in mind the role credit plays in your college years. And since “Credit 101″ isn’t likely a required course in your college curriculum, you could use a credit primer.
“I was told that if I made multiple applications for a mortgage refinance in a certain period of time, that it would not impact my credit score. But this isn’t necessarily true. My credit score has been lowered because of it and the banks aren’t listing them as application for a mortgage. Where does the responsibility lay? Even when I tell a lender not to pull a credit report, they do (such as my current mortgage servicer). They weren’t soft inquiries either. They ran it twice! Another lender ran my report five times last year and I only authorized it twice. I tried to dispute it but it’s nearly impossible to dispute inquiries.