Archive for May, 2007

ING DIRECT 4.50% APY Online Savings Rates

May 25, 2007

ING DIRECT has their standard Online Orange Savings Account at 4.50%. Here are some of the benefits of having an account with ING DIRECT:

no minimum deposit required
unlimited withdrawals and deposits
ability to schedule future and/or recurring deposits
highly competitive interest rate
ease of opening additional accounts (you can open additional savings accounts and bank CDs with just [...]

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Category: Online Savings Interest Rates

Citibank Direct Ultimate Savings Account-4.65% APY + $100 Bonus

May 24, 2007

Citibank is offering their online savings account at 4.65% which is better than average but not as high as the best banks out there. However the $100 dollar bonus is definitely something to consider. Take advantage quickly because this offer expires on May 31, 2007.

No minimum deposit
No fees
You can get your money through [...]

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Category: Online Savings Interest Rates

ELOAN-5.45% APY-1 year CD

May 24, 2007

ELOAN currently has the best CD rate on their 1 year CD at 5.45% APY. They edge out Umbrella bank (with Umbrella bank’s 1 year CD at 5.40% APY.) The only problem with ELOAN is that you need a minimum $10,000 deposit.

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Category: 1 yr cd rates, Highest CD Rates

Compounding Interest Rates

May 24, 2007

Many people don’t understand the awesome power of compounding interest. Simply put, compounding interest is making more money with the interest gained from your investment. This way the total principle that you have in the account to gain interest goes up all the time. Even though the interest added is small amounts [...]

Category: Investment Education

What is a CD?

May 24, 2007

CD is a common abbreviation for a Certificate of Deposit. CDs are one of many investment products offered by banks however it is one of the simplest to understand. Banks offer CDs to customers to guarantee a specific interest rate or APY for the customer for a certain deposit amount.

CD INTEREST RATES
CD interest [...]

Category: Investment Education

Umbrella Bank-5.42% APY-6 month CD

May 24, 2007

Currently UmbrellaBank.com has the best rate on a 6 month CD. A very good investment choice since the minimum opening deposit is only $1000.

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Category: 6 month cd rates, Highest CD Rates

The Basics of Online Savings and CDs

May 24, 2007

Make sure you’re making money instead of spending it
That’s right, you can lose money in an “investment” account if you’re not careful. Inspect the fine print whenever you sign up for a new investment account, whether it be savings, checking, CD, money market, and even 401k and retirement plans. Make sure that you [...]

Category: Investment Education