Archive for the ‘Finance :: Wealth-Building’ Category

Internet Banks

Friday, May 30th, 2008

I’ve been looking into online banks lately. I’ve had enough of big local banks. Lousy rates and high fees - why stick with them? It’s time for a change, so I’m going to try something new. I’m particularly fed up with earning .5% interest for the privilege of lending my money to the bank. Enough is enough. Especially in light of the sorts of rates the same banks charge you when they lend you money. I poked around the net, and settled on Washington Mutual Online Banking as the best option out there. They pay great rates, and don’t charge those ridiculous fees. Frankly, I couldn’t care less about meeting a banker in person. I’d much rather do my banking online with a click or two than wait in line at the branch. In fact, I think most people would be better off switching to an online bank.

High Yield Online Savings

Monday, May 26th, 2008

I’m firing Citibank. They just aren’t a great deal anymore for my money. I’m looking at Washington Mutual instead, and some of the other online banks as well. Much better deals to be had. I mean with the rates most big banks pay you, you’re not even keeping up with the huge rate of inflation in this country. Not even close. You’re actually losing money in real terms. Not exactly the sort of reward you’d like to get for saving. I’ve been checking out WaMu Online Banking. They’re a pretty good deal. Low fees, good rates, good access. And I can use any bank’s ATM. Who cares if the big banks have more ATMs when they will refund your ATM fees from any other Bank? Now I can use any ATM in town. In fact, I think most people would be better off switching to an online bank.

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