Are you looking for a way to get higher returns than today’s paltry cd rates, money market rates, and savings accounts? We’re always on the lookout for low risk high return investments. Betterment provides a way to invest in the bond/stock market in a simple way where you simply control the allocation. There are three steps to getting started with Betterment: 1. Signup online at Betterment.com 2. Link your checking account and transfer money (no fees) 3. Adjust the risk/return … [Read more...]
How Can Melrose Credit Union Offer Such High CD Rates?
Melrose Credit Union is unique in several ways. Below are some of the key elements to it’s profitability and high rates. No Membership Requirements First it has an open charter which means US residents in any state can become members without the usual need of belonging to a certain group. Unusual Profitability Due to Taxi License Loans Second, Melrose Credit Union is unusually profitable because it makes loans to prospective New York cab drivers. Each cab in New York requires a … [Read more...]
2.79% APY with a Rainbow Savings Plan
Wilshire Bank is enticing savers with tantalizing savings rates from 1.77% up to 2.79% APY. The Rainbow Savings plan is a contract where you agree to setup monthly automatic transfers into the Rainbow Savings Account of a predetermined amount and for a predetermined amount of time. According to a CSR (customer service representative) you cannot put a lump sum in the Rainbow Savings Account, you can only make the scheduled monthly deposits. You will earn 0.26% APY more for opening a checking … [Read more...]
Today’s Best Savings Account Rates
Although banks have continued to lower their savings rates, it still pays to know which are paying the most: 1.35% @ SmartyPig (was 1.75%) $1 Min. Deposit 1.31% @ SFGI Direct (was 1.41%) $500 Min. Deposit 1.30% @ EBSB Direct (was 1.55%) $5,000 Min. Deposit 1.15% @ American Express Savings (was 1.30%) $1 Min. Deposit 1.13% @ EverBank Money Market (was 1.30%) $1,500 Min. Deposit Out of all of these my pick is SmartyPig and not just for the rate. SmartyPig has the … [Read more...]
$100 Checking Bonus at Univest Bank
Banks are competing fiercely for consumers dollars. One of the most reliable ways to insure consumers will use a particular bank is to get them to sign up for direct deposit. Univest Bank is offering $100 for opening a checking account and setting up direct deposit from government or payroll checks. Be aware that Univest conducts a hard pull of your credit when you apply for a checking account. To qualify for the bonus: You have to setup direct deposit within 90 days of account … [Read more...]
