Home

Online Banking

Advice on using online banks.

Reblog this post [with Zemanta]
Tagged with: , , , , , , , , , , , , , , , , , , , , ,

Share this:

Read also:


12 Responses to “Online Banking”

  1. kirara522 Says:

    What is your opinion of keeping money on PAYPAL’s MoneyMarket, currently @ 4.64% ?

  2. yuppymoney Says:

    I think it’s a great idea – I definitely recommend investing with it if you are a fan of PayPal – The rate is great and it’s a reputable company – Just be aware it is not FDIC insured.

  3. kirara522 Says:

    That has crossed my mind already, which is why I was pondering the possibility of using HSBCdirect online High-Yield savings. If I’m correct, that should offer a similar interest rate WITH the FDIC insurance.

  4. yuppymoney Says:

    Yes, you are right – The HSBC account you are describing above IS FDIC insured, because it is a savings account, not a money market account.

  5. abdi340 Says:

    EmigrantDirect is another great online bank.

  6. yuppymoney Says:

    Yes, that is another great online option – More and more of these online savings accounts are popping up, which is great for us consumers.

  7. sliv812 Says:

    With the Federal Reserve aggressively cutting short term interst rates, savings account interest rates will continue to go down for all banks. As those rates drops, stashing cash in savings accounts for long-term savings seems to make less sense.

  8. CHARLIETWW Says:

    I agree with you. I also save most of my money in an online bank.

  9. yuppymoney Says:

    Yes you are right – I will be making a video on other options.

  10. wallysblack Says:

    Could you give a list of online banks with high Yield savings besides Ing Direct?

  11. yuppymoney Says:

    You can google ‘online banks’ or something similar – Unfortunately, rates are a bit lower now – In the 3 percent range – I would avoid the WAMU online savings account – I had one and it was a disaster setting up, etc. – ETrade has a great online savings account – Try that.

  12. gagan0555 Says:

    what is a money market account?
    Can you please shed some light on opening a demat account for trading stocks? and how to start investing in mutual funds?




30 queries in 0.555 seconds