Interesting Links

[bender]

Investment Management Company:
Vanguard www.vanguard.com
- Low cost management fees on funds

Savings:
ING
www.ingdirect.com
4.15% Interest

HSBC
www.hsbcdirect.com
4.65% Interest

Emmigrant
www.emmigrantdirect.com
4.50% Interest

Broker:
Scottrade
www.scottrade.com
$500 to start no inactivities and account fees. $7 per trade.

Look for the best deals:
Slickdeals
www.slickdeals.com

BensBargains
www.bensbargains.net

FatWallet
www.fatwallet.com

[reaz]

current the best savings rate is 4.75% through Citibank and AmboyDirect.

you can check www.bankrate.com for upto date rates.


If you already have an account with a slightly lower rate please do not switch over. You lose money in the transition over to the new bank even if the rate is slightly higher. Besides most banks update their rates after the federal reserve bank calls.

So before switching over keep in mind that your money will be offline for 3-4 days when you switch banks. You are not earning any income on that money. It's probably a good idea to stick with you previous bank unless the rates are drastically different.

my 2 cents.

[bender]

current the best savings rate is 4.75% through Citibank and AmboyDirect.

you can check www.bankrate.com for upto date rates.


If you already have an account with a slightly lower rate please do not switch over. You lose money in the transition over to the new bank even if the rate is slightly higher. Besides most banks update their rates after the federal reserve bank calls.

So before switching over keep in mind that your money will be offline for 3-4 days when you switch banks. You are not earning any income on that money. It's probably a good idea to stick with you previous bank unless the rates are drastically different.

my 2 cents.

You will have to have a checking account at Citi or open a new one if you're not a customer. ING and HSBC doesn't require you to have a checking account with them nor does emmigrant direct. Of course if you aleady have a Citi checking account then by all means go ahead.

[reaz]

You will have to have a checking account at Citi or open a new one if you're not a customer. ING and HSBC doesn't require you to have a checking account with them nor does emmigrant direct. Of course if you aleady have a Citi checking account then by all means go ahead.


Yes, you're right. AmboyDirect doesn't require a checking account.

I keep an HSBC checking account though. I am sticking with HSBC. I don't think .1% is worth moving over when I know HSBC will soon hike up the rate.

[bender]

Yes, you're right. AmboyDirect doesn't require a checking account.

I keep an HSBC checking account though. I am sticking with HSBC. I don't think .1% is worth moving over when I know HSBC will soon hike up the rate.


You have any other investments?

[reaz]

You have any other investments?

Well I got out of college less than a year back. So far all I have is my savings and 401k plan.

It will be another year before I start investing properly. I need to clear some debts.