Post # 1
My savings account does jack-diddly-squat for me, in terms of building interest.
I think it’s time I move my savings into an account with interest, and at the same time, make it a joint account for my hubby and I.
Could you all let me know where you save your money? I need suggestions on where to turn to!
Post # 3
Well currently I am saving my money at a regular bank which is also doing me NOTHING! Interest rates are terrible right now. Maybe try ING or something more like that?
Post # 5
@MsBrooklynA: I save through my bank too. Boo – they stink! I think I earned 25 dollars interest last year. Um, yeah
Post # 6
and one more question – I have no idea what my credit score is.
Is there any way to check without having to pay a monthly fee to get it checked regularly?
Post # 7
I use ING but their interest rate isn’t spectacular these days.
Post # 8
You can shop banks too. We have a high-interest savings account at a local bank and our checking & credit cards with chase. I’d suggest calling around to local banks to see what they can offer and if there are minimum balances (usually at least 5000) or any requirements (like automatic bill pay at least once a month).
Post # 9
I have a “high yield” (yeah, thats a relative term LOL) savings account through Sallie Mae Bank. It’s easy to use, and right now the interest is 1.30%. My Bank of America savings is at .10%, so its better, but it’s not going to make me rich 😉
Post # 10
@luli29: I use this site to check my credit once a year for free. It gives you your score from all three credit companies. If you want more frequent reports, there’s an option to buy from each company.
Try this site to compare savings accounts; it’s a great financial resource.
Post # 11
I’ve actually been using a high yield checking account as my savings account. I get about 3.5 – 4% interest monthly.
To get the interest each month, I have to do 10 debit card transactions and pay a bill. All I do is make sure I do all those transactions and pay the bill during the first half of the month. During the second half of the month, I just transfer the money I spent on that account from my regular checking to the high yield checking.
Of course, I’m depositing my regular savings into this account.
Post # 12
Thanks ladies, I’ll have to do some research!
does your score lower by checking that site?
Post # 14
Avoid places that are heavily invested into the bond market. I worked in investments most of my life (my dad owns a company), and I am seeing all the tailtell signs of a bond market crash. Just some FYI.
Post # 15
For high interest you want to go with some kind of internet bank like ING. Not having a brick and morter store (like Amazon) helps them have higher interest rates. In general you aren’t going to find great ones because of the economy right now, but those are your best choice.
Local/small banks or credit unions will be your second best bet. Since they are small and have to compete for business they will usually offer better interest rates since they can’t compete with some of the perks big banks have (like no ATM fees and a lot of locations)
Good luck! I have my “wedding savings account” in an ING right now. Its working for me
Post # 16
It will give you your credit score as often as you want for free. It also has tools and tips for how to make your score better. It does not, however, give you a credit report- just the score (number portion).
There is lots of advertising on the site, but for free scores (which you have to pay for pretty much everywhere else), I would say the advertising is worth it!