Early Bird Gets the Worm

If you own a Discover Online Savings Account, you might have received the good news by now.  Discover Bank has sent out letters notifying certain select customers that they have been upgraded to a Premium Savings Account as of Jan. 31, 2010.  The Premium Savings Account has the same features as the Online Savings Account, [...]

Better Save Now than Later

The recession might have ended, but we are still a long way from recovery.  Back in July, we wrote about some of the better online savings options that were available.  We hope that you took advantage of those “high” interest rates then, because since then all the institutions covered have reduced their savings interest rates. Here are [...]

Tip of the Week: When is the Smartest Time to Pay Your Bills?

Everyone knows that it is important to pay your bills on time, but did you know that it pays to pay your bills as close to their due dates as possible? Your money works best for you when it stays in your savings account collecting interest.  Therefore, it doesn’t make sense to pay your bills [...]

How to Own a Piece of the US Government’s Debt

With the instability of the market – predicted to last for at least another few months, but more likely longer – more and more people are turning to Treasury securities to protect their money.  While T-bills, notes, bonds, and the newer TIPS (Treasury Inflation-Protected Securities) carry low interest rates relative to the market, they are [...]

Not All Savings Accounts are Created Equal

As interest rates on savings accounts creep down towards Japanese lows, keeping your money in cash or letting it sit in a checking account may be tempting.  But as we argued in our first post, there are some savings options that can still give you at least a spark for your buck.  Along with savings [...]

Rain, Rain, Go Away

Even if you live in the sunniest, most pleasant place on earth, you still need a rainy day fund.  Unlike the weather, there is no way to predict when you might get into a car accident or fall ill or become unemployed. Many people, however, find it hard to start saving.  It is might be [...]

Under the Mattress is not Your Only Option

Way back when, people used to stow away their funds under the mattress and with banks lining up to file for bankruptcy, I don’t blame you for going to back to the tried and true method. There are, however, two other options before you start putting your savings under the mattress or in your checking [...]