If you are a Smartypig customer, you must be disappointed to see that the interest rate on your account has slashed yet again. The online savings bank famous for their higher interest rates has cut rates for a second time in four months, and it has plummeted from 1.75% to 1.35%. That possibly means that Smarty pig is no longer the star of the high-yields savings account it formerly was, but officials are still perturb by the flight of a few customers due to the rate cuts, perhaps indicating that more cuts are a possibility in the future.
Online brokerages and trading companies are something that has interested me for some time now. After all, if I am going to avail of the services of a brokerage, why pay any more than I have to? With ING Share builder, the costs of using an online brokerage drops considerably and it lifts all conventional barriers to investing that some others might consider to be in place. The problem with most online brokerages I looked at was the minimum investment. Frankly said, it was a stumbling block. I was not willing to put in $500 as a minimum. It’s not that I didn’t have it; I just wasn’t keen to put that much in to begin with. What if I were buying into a dud?
Nobody likes meltdowns, especially not a kid with an ice cream cone on a warm summer’s day. But nobody likes it especially when it has a lot to do with the world’s monetary system melting down into nothingness. This is the endgame right here for the dollar. It seems to be that the US dollar will not be the reserve currency of choice for the world much longer. But the most surprising bit is that a large slice of investors. Policy makers are largely unaware of what the dollar losing its reserve status means for the world and for them. Continue reading
The First National Bank of Omaha (FNBO for short) has a range of offerings, one of which is the FNBO Direct account. FNBO is a subsidiary of the First National of Nebraska and as of today, it is the single largest privately owned bank in the United States. It was founded way back in 1850 and opened its doors to the public in 1857 by a collection of Iowan settlers. And since then FNBO has never looked back. FNBO has also been a trailblazer in driving women into the workforce. FNBO Direct is but one of the options that FNBO offers by way of services. The bank has a rich tradition of firsts to its name. Continue reading
Some say that Millennium Bank is too good to be true and that there must be something shady or wrong about because it just seems too good on paper. The high-flying bank can claim to have CD’s on their books with rates twice that of the market norm. They have assets in hand worth more than $50 billion. Indeed, the Millennium Bank has created quite the buzz and the inquisition by Matt Goldstein has only served to make a tricky issue even trickier. There has been a lot been said about Millennium Bank, both positive and negative. Goldstein’s methodology of analysis itself has been called into question, with many saying that it was very unfair to pit the rates offered by an offshore bank to that offered by an American bank. Continue reading
If you’ve been looking around for a high-interest savings bank account, look no further than a Dollar Savings Direct account. If you’ve been looking around for high-interest savings offers, you might have to stumble upon Dollar Savings Direct. And in case you (like us) are wondering what it’s all about, allows us to fill you in with the details. For the longest time imaginable since it was established, Dollar Savings Direct has been working under the auspices of its more well known (and in many circles maligned) cousins Emigrant Direct and Emigrant Savings Bank. Continue reading
If your credit score is in the region of 720 or more. I think you would have been flooded with offers and pre-approvals to take 0 apr credit cards from some credit card company or the other. Most of these offers boast the fact that they have 0% annual percentage rates on new purchases and balance transfers and they offer this for a period as long as 21 months. These offers for 0 apr credit cards are expected to become increasingly common as delinquency rates drop still further. It has already dropped from 26% it was a year ago and it continues to fall all the time. In an effort to boost it even further, credit card companies are doing everything. Short of giving away the card and paying you to use it. Continue reading
It’s a painfully familiar tale but allows us to repeat it for what might be the umpteenth time. Imagine that this is being repeated to you in your favorite voice, perhaps Morgan Freeman’s or Patrick Stewart’s or Don LaFontaine’s. Just take your pick and let’s roll with it.
In a nation that has been devastated by real estate and financial crises. A recession has beset the people and put a pall of gloom over all that was good in life. But one man, one president makes promises that all will be fixed and all will be back to normal. One man, one goal. Can he make a difference? Continue reading
There’s a long list of people that have a bone to pick with banks that have been very slipshod in the way that they have managed their foreclosure and mortgage processes. And to that list of people with a fighting chance of winning this fight.
You can add the Federal Reserve. And why not? It’s been two years since the Fed purchased mortgages worth billions of dollars in mortgage securities. And as part of this financial bailout that they have extended towards banks. The demand is now forthcoming from the Fed to make the banks buy back some of these bad mortgages. That they lumped onto the Federal Reserve. Continue reading
Very few banks go about raising capital in a better manner than Standard Chartered. The British bank has made a living and a name out of dealing extensively in lending to emerging markets. And they are planning to get another rights issue of $5.2 billion out on the market. This offer comes in just as markets in Asia are starting to fly high thanks to foreign investors pumping in funds as if there were no tomorrow. The funds that Standard Chartered does plan to raise should effectively take its core. Tier 1 ratio of capital to assets to a figure nearing approximately 12 %. This is a measure that the regulatory watchdogs will be watching with a great deal of anticipation as it is. Standard Carteret’s projected year end ratio of 10% is already better than most other European banks. Continue reading