How Banks Make Money

by Ryan Guina July 19, 2010

Have you ever wondered how banks make money? Banks are in the business of making money, that much isn’t a secret. But how do they do it? And how can some banks offer much higher interest rates on savings and checking accounts than their competitors, or on the flip side, offer much lower interest rates […]

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Sallie Mae Bank Online Savings Account Review

by Ryan Guina July 17, 2010

When you mention the term Sallie Mae, the first thing that comes to mind is probably student loans. While student loans are a large part of their business model, they also have a solid online savings account worth considering as a primary option, especially if you are saving money for college. That may sound ironic […]

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SmartyPig Review – SmartyPig is Smart Banking

by Ryan Guina July 13, 2010

SmartyPig is one of the most unique online banks, and I mean that in a good way. What is SmartyPig? In a nutshell, it is an online bank with best in class interest rates that helps you reach your savings goals. You choose the savings goal and time line, and Smarty Pig will help you […]

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How New Overdraft Rules will Affect You

by Miranda Marquit July 2, 2010

July 1, 2010 marked the beginning of new overdraft rules for financial institutions. Starting on July 1, you will have to opt in for overdraft “protection” when you open a new account. For existing accounts, the new rules don’t take effect until August 15, 2010. The fact that you will have to consciously enroll in […]

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PerkStreet Financial Review – Debit Rewards Card

by Ryan Guina June 24, 2010

Update: PerkStreet Financial is no longer accepting new customers. Here is a list of the best free online checking accounts. PerkStreet FinancialSM offers what is quite possibly the best nationally available rewards debit card program. The current offer is up to 2% cash back program on all purchases at select retailers, 1% cash back on […]

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Interest Rates are Dropping – What Does that Mean for You?

by Ryan Guina May 25, 2010

Currently in the U.S.A we are in a low interest rate environment. This is very advantageous for the American consumer overall, with just a few disadvantages. A few of these advantages and disadvantages will be explained in the next few paragraphs. What do low interest rates mean for consumers? Low Mortgage Rates Mortgage rates continue […]

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How to Open a Sub Account at Capital One 360

by Ryan Guina May 5, 2010

A great way to manage your budget is by using a targeted savings account for your large and/or infrequent expenses. Another term for this is a personal accrual account. A targeted savings account can be used much like a business uses a sinking fund or accrual account. You set aside money each month for major […]

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