As featured in The Wall Street Journal, Money Magazine, and more!

Saving

Presidential Bank Raises APY

by Luke Landes

Presidential Bank has raised the interest paid (yield) on its savings and checking accounts to 3.75 percent and 3.5 percent respectively. I’ve updated the rate table.

Read the full article →

Today’s Articles of Interest

by Luke Landes

How Much Personal Liability Insurance Do You Need? The Motley Fool recommends covering yourself for how much you might have to lose if sued at the end of the term of insurance rather than how much you might lose if sued now. Are you an extreme saver? (For some reason, I’m reminded of the extreme ... Continue reading this article…

3 comments Read the full article →

Lasting Financial Change

by Luke Landes

So you want to change your saving and spending habits? MP Dunleavey shares her seven stages of lasting financial change. Sometimes I feel like I’m not making enough progress in changing my habits, particularly when I splurge on a $400 camcorder for myself, like I did last month. (To be fair, I’ve held off on ... Continue reading this article…

4 comments Read the full article →

Money Magazine’s 50 Smartest Things

by Luke Landes

There’s a new feature on CNN Money from Money Magazine: 50 Smartest Things to Do With Your Money. I’d like to have a look through and evaluate their advice, but that’s going to take a little more time than I can spare while I’m in the office.

6 comments Read the full article →

How To Teach Your Kids About Money

by Luke Landes

Jonathan Clements from the Wall Street Journal offers some advice, or his experiences as an example, for teaching children about money management. (By the way, this article can be accessed for free, unlike most of the Wall Street Journal Online.) The first rule of writing these types of articles is “Know your audience.” And Jonathan ... Continue reading this article…

Read the full article →

Presidential Bank Offers 3.5% APY

by Luke Landes

I have updated the savings and checking interest rates table to include Presidental Bank‘s savings account offering 3.50 percent APY. Is a rate competition between internet banks heating up? Relatedly, Marketwatch published an article about the tiered interest rate system that some of these banks use, favoring customers with more money. The tiers that I’ve seen ... Continue reading this article…

6 comments Read the full article →

Bring In Da Noise, Bring In Da Lunch

by Luke Landes

For as long as I’ve been working here — nay, as long as I’ve been working — I’ve taken the easy, lazy way out by buying my lunch every day. Usually it’s from the cafeteria, but a filling and sometimes creative company lunch, even though subsidized, still costs more than six dollars. Eating at the ... Continue reading this article…

6 comments Read the full article →

Working Class Millionaires

by Luke Landes

I’ve decided to make a slight change in my savings habits, and coincidentally, there’s an article on CNN Money that mentions the same technique. It’s the latest feature in CNN Money’s “Millionaires in the Making” series: Mark and Lori Gorney. The article notes that their story isn’t the typical money-making-via-real-estate tale, which is a good ... Continue reading this article…

2 comments Read the full article →

Current Savings and Checking Rates

by Luke Landes

The table containing the latest checking and savings account rates has moved. Please update your links.

23 comments Read the full article →

Emigrant Direct Limiting Features

by Luke Landes

You may remember that I opened an account at Emigrant Direct to take advantage of their 3.25 percent APY. I received a letter today from the bank explaining that they are limiting one of their features. The letter states: As of Monday, May 23, 2005, EmigrantDirect.com will no longer accept additional deposits to the American Dream ... Continue reading this article…

3 comments Read the full article →

Paperless Checking at ING Direct

by Luke Landes

I just visited my account online at ING Direct and was presented with a survey. They are considering rolling out a new product: Paperless Checking (or “Electric Orange”). The gist of it is it can be used for online bill pay and still earn a good rate for checking accounts. The survey mentioned that ING ... Continue reading this article…

4 comments Read the full article →

ING Direct Raises Rates

by Luke Landes

ING Direct raised the interest rate offered on their savings accounts to 3.0 percent. Unfortunately, it’s still below Emigrant Direct‘s 3.25 percent. However, if you include ING Direct’s bonus ($25) for opening a new account, depending on your inital deposit you may beat Emigrant Direct’s interest yield. If you want the $25 new account bonus, just contact ... Continue reading this article…

6 comments Read the full article →

Emigrant Direct Account Opening

by Luke Landes

As you may know, I am in the process of opening a savings account with Emigrant Direct, an on-line bank currently offering an interest rate yielding 3.25 percent. On March 15 I posted about my experience with a customer service representative at the aforementioned bank. That was three days after I began the process of ... Continue reading this article…

12 comments Read the full article →

ING Direct Savings Rate Up

by Luke Landes

ING Direct now offers a 2.8 percent APY on their savings accounts, up 20 basis points. This rate is still well below the one offered by Emigrant Direct for that bank’s no fee, no minimum balance savings account. You may want to consider ING Direct’s certificates of deposit if you don’t mind not touching your ... Continue reading this article…

Read the full article →

Emigrant Direct Saga and Found Cash

by Luke Landes

My Wachovia checking account received the two small verification deposits from Emigrant Direct, which was the next step in opening my account with that bank. Unfortunately, when I originally signed up, I submitted an email address I no longer used. After reactivating that mailbox, I called Emigrant Direct’s customer service to have them resend a ... Continue reading this article…

3 comments Read the full article →

Virtual Bank Referral Needed

by Luke Landes

A reader has contacted me looking for a Virtual Bank referral. As I do not have an account with that bank, I said I would post a message looking for someone to help out. If you have an account with Virtual Bank and would like to refer someone (I’m guessing there is some kind of ... Continue reading this article…

3 comments Read the full article →

Taking a Hit to My Net Worth

by Luke Landes

Since I resumed taking classes for my MBA, I now have a new student loan. The way this works is I take a loan at the beginning of the “semester” and after each six-week class ends, I wait two weeks for a 90 percent reimbursement from my company. On my next monthly update, you’ll see my ... Continue reading this article…

3 comments Read the full article →

Trying Out Emigrant Direct

by Luke Landes

It’s been about three months since Emigrant Direct started offering a 3.0 percent interest yield on their savings account, beating out ING Direct for the favored spot in the minds of many. I’ve held out with ING for these three months and witnessed my favorite raise their rates, though not quite to the top. ING Direct’s ... Continue reading this article…

15 comments Read the full article →

ING Direct Moves Up

by Luke Landes

Perhaps ING Direct has been feeling the heat from competitors. Today the online bank raised the interest rate offered on its savings account from 2.35 percent to 2.6 percent. The rate is still below Emigrant Direct, but I’ll still stick with ING for now. ING also offers referral bonuses; if I refer you through email to open ... Continue reading this article…

4 comments Read the full article →

Saving Money With New Twins in the House

by Luke Landes

CNN Money profiled a family that needed to put more effort into saving after the motehr gave birth to twins. Some of their tactics include borrowing movies from the library instead of Blockbuster, getting haircuts and exercise at local colleges instead of salons and clubs, and shopping for groceries at superstores. By the way, they ... Continue reading this article…

Read the full article →
Page 8 of 10« First···678910