Remember when we were little and had those plastic or ceramic piggy banks? Remember how we were told to save the random change and dollars received for doing chores or being good in that inanimate little swine? What happened to the good old days of piggy banks, where we saved up to buy that new toy?
Piggy banks now exist for adults, AKA “big kids.” Hello, smartypig.com.
The premise is pretty simple: save a little bit here and there, via predated and predetermined monthly bank account deductions, towards a fund designated for the purchase of some good or service, such as a Wii or next year’s spring break trip. Sounds familiar, right?
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interest rates, saving
February 26th, 2009 1:19 pm
Over the past year, I’ve watched the interest rate on my online savings account slowly drop from 3.75% APY all the way down to its current 2.05%. Yes, the economy is going to hell in a hand basket, but that news doesn’t ease the pain of a 1.7% decline in interest.
When Emigrant Direct’s rate hit the low 2’s, I considered switching to a bank with higher interest rates, so I could earn more money on the same amount of money that was just sitting there. Being the type A person that I am, I began to research different banks and thought to myself, “Gee, I wish there were a site that aggregated all these rates for me!”
Lo and behold, I found Bankrate.com. It seemed like the answer to all my interest rate prayers. Unfortunately, it was too good to be true: I couldn’t even find the bank I was currently using on the listings, but I could find banks offering a lower interest rate than mine. I knew the information wasn’t complete.
So I did a little more Googling and found that my suspicions on Bankrate.com were confirmed. Fortunately, the same page also gave me links to two other sites that tracked interest rates. And the best part of these two sites is that they’re focused on savings, checking and credit card accounts, the types of accounts that are most applicable to college students, whereas Bankrate had extensive information on mortgages that aren’t generally applicable to undergrads.
For your savings accounts pleasure:
Money-Rates.com: http://www.money-rates.com/savings.htm
BestCashCow.com: http://www.bestcashcow.com/savings_-_checking_-_cds/article/sam_cass/first-trade-union-bank
Uncategorized
interest rates
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