Completely Redesigned High-Yield Interest Rate Page (and Blog Roundup)
Thanks to Ross who wrote in yesterday about FNBO Direct’s latest interest rate drop. With this information, and with a reader emailed suggestion of tracking the rates over time, I redesigned the list of high-yield savings and checking accounts. Additionally, I’m also including accounts not insured by the FDIC, like money market funds, though I am still gathering information on those.
The new table is a Google spreadsheet that is embeddable in web pages. So if you’d like to embed the spreadsheet on your own web site, let me know, and I’ll send you the code to do so. View the list of high interest accounts here.
Now, here are some interesting articles from around the web.
AllFinancialMatters comments on the recent news involving a European trader reportedly single-handedly losing $7 billion for the French bank, Societé Générale. The banker had some inside knowledge of risk procedures and was therefore able to circumvent them. Perhaps SocGen should take the loss out of the banker’s salary.
The 2008 economic stimulus package, although it has not yet been passed into law, is not complicated, but not completely straightforward. Jim from Blueprint for Financial Prosperity has laid out the details as the proposal stands currently. I expect the Senate will change some details before voting and passing the bill to the President for his signature.
The Digerati Life says it’s time to buy America. Compared to foreign investments, American and its dollar are downright cheap. SVB rounds up a number of articles describing how foreign investors have a chance to get good bargains on American investments.
Jacob explains how understanding S-curves can lead to better goal planning. “It is important to embed this curve in your thinking because it includes the ideas of compound growth as well as the law of diminishing returns. Understanding this curve reveals that by sheer scale that setting small goals to get started will not accomplish much.” This is interesting — rather than setting small goals to start out and earn early successes, more can be accomplished by setting large goals.
Also, Ramit Sethi of I Will Teach You To Be Rich was featured on an ABC News webcast.