Christian Finance Blog
Spiritually Prosperous, Financially Rich!

You’ve heard of the “Cash for Clunkers” government program that recently ran out of the original $1 billion. The Senate just approved an additional $2 billion for the program last night to extend the popular program and President Obama is expected to sign it into law as early as today. But just because it’s popular [...]

ING Direct has a rare $50 bonus for opening an Electric Orange online checking. Open an account by June 20, 2009 and then just use your debit card to make 3 signature-based (non-PIN) transactions within the first 45 days. On the 50th day, ING Direct will deposit $50 into your account! Make sure you use [...]

So I told you about the Heartland Bank Direct online Performance Savings Account last week when it was offering 2.30%. It is already down to 2.10% 2.01% now, which is not a good sign. Still, it’s a great rate and one of the highest you’re going to find anywhere right now.
So I decided to open [...]

Just got an email from FNBO Direct saying that they’re dropping rates to 1.65%. I’m glad that the online bank is being transparent but there are other online banks that offer better rates. Dollar Savings Direct is currently at 2.00% and Heartland Bank Direct is at 2.30% 2.10%.

It’s hard to find a high bank savings rate these days. Well, here’s one I just found. Heartland Bank Direct is paying 2.30% on their Performance Savings account. I found it on Bankrate so it seems legit. I’m opening an account as we speak and I’ll have a review of the account after it’s opened. [...]

Here’s another quick rate update. HSBC Direct just dropped their rate to 1.85%. Dollar Savings Direct dropped to 2.25%. ING Direct is now at 1.65%. I have tons of online savings accounts and the one I keep coming back to is ING. I’ve been with them since 2005 and I still use them all the [...]

Here’s another Interest Rate Roundup ordered by highest rate.
Smartypig is at 3.25% (mini-review) (not a traditional savings account)
Dollar Savings Direct is at 2.65%.
Grand Yield Direct is at 2.50%.
FNBO Direct just dropped to 2.40% today.
HSBC Direct is at 2.25%.
ING Direct Orange Savings is at 1.85%.
WaMu Online Savings is at 1.00%.
I currently have tried and still have [...]

ING Direct just yesterday lowered its online savings rate from 2.20% to 1.85%. Contact me to get $25 free for opening an account with at least $250! Dollar Savings Direct is at 3.05% which is one of the highest I’ve seen yet. Here’s a full review.

Dollar Savings Direct has lowered its online savings account rate yet again to 3.05% from 3.20%. It was expected as overall interest rates are falling but it is still one of the highest I’ve seen out there. It is definitely discouraging to see interest rates fall especially for savers, but some interest is better than [...]

Dollar Savings Direct dropped their savings rate to 3.20% (down from 3.5% and 4.0% recently). ING Direct is now at 2.2% (from 2.4%). ING Direct is probably my favorite online savings account because they don’t drop rates drastically like their competitors and they raise rates faster when general interest rates are rising. Get a $25 [...]

Just noticed that the 2008 1099 tax forms are available online from ING Direct. Tax season has begun! It’s never too early to start on your taxes. I’m going to be using TurboTax again this year as I’ve done done for the past couple years. Remember, as the saying goes, death and taxes!

With all the falling interest rates throughout the economy, savings APY’s are bound to be lower as well. Here’s an Interest Rate Roundup of some online savings accounts that I use myself:
ING Direct (mini-review) dropped to 2.40% from 2.50%. ($25 bonus)
Dollar Savings Direct (review) dropped to 3.50% from 4.00%.
HSBC Direct (mini-review) is at 2.60%.
FNBO Direct [...]

Just a quick rate update. ING Direct has dropped their Orange Savings rate to 2.50% from 2.75%. With all the recent rate dropping by the Fed and others, it makes sense and I still like ING Direct as my first choice in online banks.

WaMu’s (now JPMorgan Chase’s) online savings account is now at a measly 1.50% which I predicted after JPMorgan took them over. Let’s just hope the customer service doesn’t drop like their interest rates! On a positive note, their online-only 5-year certificate of deposit (CD) is earning 4%. Not bad, but I don’t want to lock [...]