Tag Archives: banks

Have a money market account? Read those statements.

My parents help me out a lot with finding good deals, especially when it comes to squirreling away my savings. A few months ago, they recommended a money market account with a 1 percent interest rate. The minimum was $10,000. … Continue reading

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Can PayPal overtake banks?

TheStreet features an interesting article today about how PayPal may be on track to become the country’s go-to bank – taking financial business away from traditional banks. The convenience, ease and customer-focused nature of PayPal is what TheStreet says is … Continue reading

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Need cash for holiday shopping? Have coins? Enter, the ‘Magic Money Machine.’

As we all dig deep into our wallets for a little extra cash this holiday season, there’s a fun way for people with some extra coins laying around to cash in – Metro Bank’s “Magic Money Machine:”

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What is a ‘penny hoarder?’ Exactly what it sounds like.

I tend to think it’s time to dump the loose pennies in my wallet once about 20 to 25 accumulate – but for one Oregon man that idea would be unthinkable: he’s what is known as a “penny hoarder,” and … Continue reading

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Bank of America will charge $5 per month for debit card users. What do you think?

It’s finally happening. Bank of America is taking the lead, charging customers $5 monthly for debit card use. Can’t say I’m surprised. We got wind of this possibility early this year, when the Federal Reserve considered the Durbin Amendment and … Continue reading

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‘Helicopter’-esque bank account for teens: Will it encourage responsible spending?

We’ve all heard about helicopter parents: the ones that check their children’s emails for them or give college-aged children wake-up calls to make sure they are ready for class. And now, a new teen-focused bank account from ING is hoping … Continue reading

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