High Return CDs | Online Banking | Savings Accounts | Personal Finance » Savings Account for Kids

Savings Accounts for Children | Steps and Tips to Opening an Account

James Smith — Sat, 17 Oct 2009 14:07:05 +0000

Some parents don't open online savings accounts for children because they are concerned or wary about making transactions online - and with some good reason. On the other hand there are some reasons which are unwarranted and other reasons in favor of working with accounts online that it still makes sense to do so. If you've been unsure as to whether to open savings accounts for children in your household, here are a few things you can expect to go through to open an account online for your child.

Savings Accounts for Children | Steps and Tips to Opening an Account is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance

High Interest Savings Accounts | FDIC Insured and Why That’s Not Enough

James Smith — Wed, 30 Sep 2009 22:14:21 +0000

High interest savings accounts, FDIC insured or not, are vulnerable to the same sorts of liquidity interruptions as any other FDIC insured account... only now the FDIC is starting to ask banks for money in advance. Why is that do you suppose? While regulators and prominent figures such as Fed Chairman Ben Bernanke talk about the improving economy and slowing growth in unemployment the line workers at the Fed are still busy closing banks.

High Interest Savings Accounts | FDIC Insured and Why That’s Not Enough is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance

High Yield Savings Account | Why Bother at Present Rates?

James Smith — Fri, 25 Sep 2009 12:26:01 +0000

People ask me why open a high yield savings account these days when rates are only 1.35%? In all fairness that is a good question, because there are plenty of higher paying CDs out there - but CDs as we know have their problems too. Making a decision to open a high yield savings account when rates are so despondently low these days doesn't seem like a good use of spare cash - but there are benefits to doing it. Let's look at a few reasons.

High Yield Savings Account | Why Bother at Present Rates? is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance

High Interest Savings Account Online | What’s The Big Deal Anyway

James Smith — Thu, 24 Sep 2009 19:18:13 +0000

A high interest savings account online makes a lot of sense when you have your finances squared away and have the ability to stash your non-emergency cash in a better yielding account. This online savings account is not for the money you need to pay bills or to provide emergency liquidity in the face of ill-timed payments and bills. This high interest savings account online is only for that cash which you hold in reserve for times when income is interrupted or when really big bills come in, such as a needing a new refridgerator or perhaps significant auto repairs. Expenses like those are (hopefully) sporadic, and usually are payable either in installments or with a short term use of a credit (which you pay off at the end of the month, of course).

High Interest Savings Account Online | What’s The Big Deal Anyway is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance

Saving Account Interest Rate Data | What’s It All Mean Anyway?

James Smith — Wed, 23 Sep 2009 03:14:42 +0000

Saving account interest rate information floods our homes and our television screens and in today's environment it just doesn't seem to add up to much of anything. I mean right now rates are so low that even a typical 'high yield' saving account interest rate is running about 1.5%. I don't think anyone on a fixed income is going to be living high on the hog with that kind of saving account interest rate are they?

Saving Account Interest Rate Data | What’s It All Mean Anyway? is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance

High Interest Internet Savings Accounts | Great Savings Incentive for Families

James Smith — Sat, 12 Sep 2009 00:22:04 +0000

Most families are discovering high interest internet savings accounts and how easy they are to set up and maintain. It doesn't take a lot of effort to set up an account online... a few mouse clicks, some basic personal data, and links to your local checking or savings account to make it easy to move funds back and forth. Simple enough?

High Interest Internet Savings Accounts | Great Savings Incentive for Families is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance

Best Savings Account for Kids | Online, High Rate, and Linked to Local

James Smith — Wed, 09 Sep 2009 14:30:56 +0000

People frequently ask me what is the best savings account for kids and I figured at this point I may as well write a post about it. I like to talk and write alot about teaching home finance to kids and adults and the basic workings of moving money around efficiently using online savings accounts are really good low risk ways to teach all the skills necessary for bigger topics later. Topics common to most people wanting to live the American dream might include how to prepare your finances to buy yor first home, or how to manage credit cards and such. In truth in order to learn my methods you need to learn to walk before you can run. In this post we start with a little walking.

Best Savings Account for Kids | Online, High Rate, and Linked to Local is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance

Checking and Savings Account | Tips for Keeping the Ship Afloat

James Smith — Mon, 24 Aug 2009 14:30:18 +0000

The modern household typically has a checking and savings account at a local bank. Although many of my friends make a considerable living, they still manage to run into short term duress on occasion. Problems with a checking and savings account can creep up when you least expect it. A fire can damage your house. The oil man unexpectedly shows up. The refridgerator croaks. It happens. Just because the wheels come off some piece of machinery in your life doesn't mean you should be suddenly scrambling for money.

Checking and Savings Account | Tips for Keeping the Ship Afloat is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance

Kids Savings Accounts | Why Smart Parents Set Them Up

James Smith — Sun, 23 Aug 2009 01:36:52 +0000

Smart parents know setting up kids savings accounts for their children will give them a lifelong advantage over children without them. Public education in the United States is woefully devoid of even the most rudimentary financial basics as writing checks, managing a checking account, credit cards, and home budgeting. While there certainly many cultures that don't get this basic education - most of the cultures that don't are third world countries.

Kids Savings Accounts | Why Smart Parents Set Them Up is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance