You Are Browsing ‘Banking’ Category

With the popularity of online savings accounts on the rise, many people are looking at local banks and wondering what will come of them. One of the most common questions is: are local bank savings accounts a thing of the past? While there has definitely been a shift in the way people are saving their money,...

[ad#Left-Align Content Ad]While local brick and mortar banks will always be common, online financial institutions are picking up a lot of steam. Over the past five to ten years, online savings accounts have become more and more popular. Why do so many people rely on online savings accounts? The main reason for this is simple: higher interest rates than local competition. On...

Image: dragonflyeye There can be quite a long list when it comes to everything you might want to see in a business bank account. Sure, a gift for opening an account is nice, and a piece of candy with your deposit is sweet, but let’s get down to the important things about a business bank account — the true essentials. Because let’s face it, having the right bank...

One of the ways that some banks are trying to lure customers is by beefing up their checking account offerings. Rewards checking accounts are becoming more common, including high yield checking accounts that offer a fairly high rate of return. While any return isn’t going to be particularly attractive right now, earning something on your checking account is better...

Overdraft, a Tax on the unwitting poor. Every year, something like this happens. I’m at the gas station I go to load up on 87-octane, but I haven’t logged into my online bank in a while. After the day of hitting the usually Friday fair – book store, coffee shop, Target, and the Mall – I fill up my gas-addicted car no problem. I go home to see the...

[ad#Content 300x250] One of the issues you have to contend with when it comes to retirement is inflation. Inflation, at its most basic, is viewed as rising prices. Inflation erodes your buying power, creating a situation in which your dollar does not go as far as it used to. If you consider that inflation has an annual rate, you can see why it would be a problem. If the...