Christian Finance Blog
Spiritually Prosperous, Financially Rich!

I recently opened up a Dollar Savings Direct account solely because of the 4.00% 2.65% 2.05% interest rate on it, which is the highest I’ve seen lately. This was created by the same guys that created Emigrant Direct (which I wrote a scathing post about why I was cancelling).
However, I’m still willing to give them [...]

HSBC Direct recently bumped up their online savings rate to 3.50% until August 15, 2008.

FNBO Direct also announced today via email that they were bumping their online savings rate to 3.50%. They also increased some of their CD rates. These are great places to park that emergency fund.

You can also earn 3.90% at SmartyPig which [...]

Great news! The Treasury Department said Thursday that the special economic stimulus rebates would be distributed five days earlier than first said. The first round of rebates are expected to be sent starting Monday, April 28 rather than May 2 as previously thought.
About 800,000 tax filers will receive rebates on Monday, Tuesday, and Wednesday. An [...]

I just saw a post on FatWallet that talks about the Provident Direct online high yield savings account that’s currently paying 4.50% (edit: now only 3.75%)! It seems like a good deal especially given today’s market conditions. However, the Fed is expected to drop rates again tomorrow so who knows how long this rate is [...]

The Fed recently cut the federal funds rate (the rate that affects consumer loans such as home equity lines of credit, auto loans, and credit cards) by a half percent after cutting it by three-quarters of a percent on January 22 in an emergency meeting. The federal funds rates now stands at 3% which is [...]

I hope that everyone had a happy holiday season and is ready to tackle another new year! I believe this year can be your turnaround year! Let this be your year of new beginnings! With a new year brings new goals, new life situations, and a fresh outlook on life. Don’t let this year be [...]

Since HSBC Direct’s 6% promotion ended yesterday, FNBODirect.com is now offering that same 6% promotion until September 28, 2007. That’s nearly a full 5 months of high interest!
They are listed at Bankrate with a four-star safe and sound rating so I think you can trust them. I’m going to open an account tonight. I’ll [...]

I ran across an interesting CNN article on emergency savings.
Here are the vital statistics:
Only 40% of Americans have a separate savings for emergencies
Only 19% of those aged 18-24 have separate emergency funds
Only 23% of people with less than $25,000 in annual household income have them
31% of African Americans and 32 percent of Hispanics have them
58% [...]

It’s pretty much common knowledge now that everyone should have an emergency fund of 3-6 months (some experts say even more) of expenses in liquid savings (money that’s easily accessible). But unfortunately, common knowledge isn’t necessarily common practice and many people just don’t have anything in savings. The key to getting out of [...]