Best Online Savings, CDs, and Money Market Rates

One Thing To Do in a Recession Economy

If you've ever dreamed of buying that new luxury car and have played it smart with your savings budget by keeping your savings account or money market account well stocked- now is the time to act. Most people have had a hard time sticking to their savings goals these past few years when money has been tight and job loss has reached record highs. So those new shiny wheels have been better left parked at the dealership. Makers of high-end models are offering rebates and low … [Read more...]

4 Secrets of Super Savers

What percentage of your income do you manage to save? Hopefully 10-20%, but some people have discovered how to stash away up to 60% of their income- without denying themselves the niceties of life, and we'll tell you just how they've done it. The basics of saving, such as an emergency fund, contributing to your 401K, and your children's college accounts are hard enough as it is. But could you actually stash away 1/3 to 1/2 of your take home money and earn the … [Read more...]

Money Market Accounts Up to 2.52%

Too bad Reynolds State Bank only deals with local customers. Their money market accounts are stellar. Currently their Super Saver money market account is paying 2.52% APY with a minimum deposit of only $2500. This may be an introductory rate, so be sure to call them to confirm all the terms of the offer. Here is the contact information: Reynolds State Bank 227 West Main Street Little York, IL 61453 (309) 372-4242 The only bank that currently compares to this rate is SmartyPig.com with … [Read more...]

Money Market Accounts May See Rate Increases

Interest rates across the board may be set to increase despite what Uncle Sam may want. On July 11, 2010, China's new credit rating agency Dagong Global Credit Rating Co. downgraded US debt to AA with a negative outlook. Just like regular consumer borrowers, the US also must pay a higher interest rate due to lower credit worthiness. Whether Moody's and S&P follow suit, no one knows but if they do, the Government will start to feel pressure to increase the rate it pays for … [Read more...]

LendingClub.com (Part 2)

Are you looking for high return investments other than traditional investments like stocks, mutual funds, money market accounts, CDs, high yield savings, etc? You should consider LendingClub.com. Lending Club is a website that connects borrowers and lenders. Lending Club allows you to lend money to people looking for unsecured loans ranging from $1000 to $25,000. You can build a diversified loan portfolio, where you spread out your money across many loans. You earn by collecting … [Read more...]