Learn how to earn 6% APY in a FDIC insured savings account on autopilot through the Mango prepaid card.
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 […]
If you buy ETFs, you need a brokerage account. In the old days, one way discount brokers made money was by paying you less on your idle cash in the sweep account. Vanguard paid the highest rate on its money market funds. Others paid less. In the low interest rate world, this difference went away. […]
[Update in September 2015: Union Plus prepaid debit card closed. Existing customers will get a refund.] If you liked Mango Prepaid card with its 6% savings account (4.6% after taking into account idle cash) but you wished you could put in more than $5,000, here’s another one that does pretty much the same thing. It’s called […]
[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 […]
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 […]
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 […]