A reward checking account is a checking account that pays a high interest rate up to a balance cap but requires you to use its debit card X number of times a month among some other easy-to-meet requirements. For instance the account I recently opened with a credit union pays 3% interest on balance up […]
BBVA Compass Build My Savings Match Bonus: Effectively 6% Return FDIC Insured
[Update in October 2015: BBVA changed the terms of the Build My Savings account. Accounts opened before July 2015 are still on the old terms described here. New accounts have a maximum transfer period of 12 months and a maximum match bonus of $50.] I updated this post I first wrote a year ago. I […]
Pay Down Mortgage vs Investing In Bonds
In a low interest rates world, you should take a serious look at any loans you have. Although a 3.25% 30-year mortgage is often said to be "cheap money" or "almost free money" it’s neither cheap nor nearly free compared to the rate you earn on your bonds. This chart shows the difference between the […]
Double The Bond Yield: Maximize Your Advantages As An Individual Investor
QE3 is a tipping point to me. It hit me with the reality that we are going to be in this low interest rate world for the long haul. Instead of taking a punch in the face, I resolve to fight back. I’m tired of getting paid a puny amount on my money. I’m going […]