Online Banking versus Traditional Banking – A Comparison
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Online banking has been around for a while – since the mid 90s. However, it’s only recently begun to really take off. If you’re trying to decide between an online bank account and a traditional one, this article will help. Let’s take a look at the pros and cons of both online and traditional banking.
Traditional [...]
Is Your Bank Making Money Out of You?
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Like any other business, banks are out to make money. Traditionally, they have accomplished this by lending money that’s on deposit and collecting interest on it. But as you probably know if you have any type of bank account, banks also make a significant amount of money by charging their customers fees.
Many customers sign up [...]
How Does a Money Market Account Work?
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When it comes to saving money there are so many options. It’s enough to make your head spin. In addition to standard savings accounts there are high yield accounts and there are money market accounts. The latter may be the best option for your current financial goals. Let’s take a look at what a money [...]
DIY Loan Modification Kits: An Explanation
If you’re facing the possibility of foreclosure, it’s important to take action to prevent it quickly. If you can work something out with your lender, you will be able to keep your home. It’s best to have an experienced attorney on your side, but if you’re struggling to make your mortgage payment, chances are good [...]
How to Find High Yield Savings Accounts
It’s smart to want to make the most of your money. However, many investment options tie up your money, making it difficult and time-consuming to access it. A high yield savings account may be the perfect answer.
What Is a High Yield Savings Account?
A high yield savings account is really just a fancy way of saying [...]
Money Market Funds versus Money Market Accounts
If you’re looking for a low-risk option to invest your money – one that perhaps offers quick access to your cash with little or no penalty, then you might be investigating money market options. If this is the case, you’ll come across two basic choices: a money market account and a money market fund. What’s [...]
The Benefits of Putting Your Savings into a Mortgage Offset Loan
A savings account can make all the difference when you need money quick. But, the problem is getting the money there and keeping it there in the first place. You can help bulk up that savings account with mortgage offset loans.
What is a mortgage offset loan? This type of loan originated in Australia but became [...]
Home equity loan; raise your credit score!
Finding collateral loans these days is not easy. Now-a-days, banks aren’t exactly loaning money if you have collateral. Credit checks have been a key standard now and keeping your credit score up is extremely important. So, you are thinking of getting a loan? Do you have some credit issues and want to raise your credit [...]
Free Wire Transfer Service From Washington Mutual (Now Chase)
I had to go into my bank (Chase, used to be Washington Mutual) for a wire transfer out.
He said that Washington Mutual (now Chase) is the only bank that he knows of that offers free wire transfer (outgoing).
He also gave me a little “insider” tip and told me that by October 2009 Chase will do [...]
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