Banks-24

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Archive for July, 2010

Google Bank: A Good Idea?

Posted by Jesse Shand On Jul - 30 - 2016

Recently, we took a look at the controversy surrounding Wal-Mart becoming a bank. Because the company has such major economic muscle, many feel that it would unfairly take over a banking industry that is struggling to get back on its feet.

But with hundreds of banks having gone bankrupt and others tightening up their lending practices while maintaining lower interest rates on bank accounts, other entities have room to step up to the plate. This includes Wal-Mart and another major economic force: Google.

The possibility of Google becoming a bank has been in the news for a few years; however, it has yet to do so. But with the company venturing into so many other industries, does it make sense for it to get into the banking business also?

Tags: Bank, Bank Good

4.00% APY Reward Checking Account at River Region CU the Best Interest

Posted by Jorja Marion On Jul - 30 - 2016

River Region Credit Union is offering a reward checking account which can probably be considered the best checking account in the market today. With a 4.00% APY, it’s pretty hard to beat. However, the balance cap seems a little steep. The top yield will only be applied to balances that reach $20,000. A base 0.10% APY will be rewarded for balances exceeding $20,000.

Aside from the cap balance which stops this from being the best reward checking account in the market, the debit requirements seem stringent. In a month, you need to make fifteen debit purchases which are non-PIN, make at least one direct deposit, log in to the CU’s homepage at least twice, and agree to receive electronic statements. If

What to Look for in Disability Insurance

Posted by Jorja Marion On Jul - 25 - 2016

About three years ago, when we bought our home, it occurred to me that we were putting ourselves at a bit at risk. I am the primary breadwinner, and we hadn’t made provisions for what could happen if I could no longer work. Buying the house really made me think about whether or not my family was truly protected. We had add a bigger term life insurance policy to reflect the obligation of owning a home, but life insurance wouldn’t help if something happened to my hands or arms and I could no longer type.

So I decided to buy a disability insurance policy. The policy is not terribly expensive, and it covers loss of income due to a number of issues. It has provided a great deal of peace of mind — especially for my husband, who worries every time I go camping that some catastrophe will occur to limit my ability to do my work. You m

Do You Need a Landline?

Posted by Jesse Shand On Jul - 24 - 2016

Lynnae McCoy is a freelance writer, homeschooling mom, and frugal living enthusiast. She writes about frugal living at Being Frugal.net and about balancing work and homeschooling at Freelance Homeschool Mom. When she has a rare spare moment, you can find her on Twitter.

With the economy still struggling, many people are scrutinizing their bills, wondering what can be cut and what is necessary. Since most people have cell phones these days, its understandable that the need for a landline is questioned more and more.

For some people, getting rid of the landline is an expense worth cutting. For others, though, it makes more sense to hang on to the old fashioned phone line.

Ken Feinberg’s Lame Report on Wall Street Pay Shows We’re Back to Square One

Posted by Levi Dynon On Jul - 23 - 2016

Ken Feinberg’s final report as the Obama Administration’s pay “czar” is good for only one thing — reminding us that the controversy over sky-high pay on Wall Street will be with us for a loooong time. He comes to the entirely unremarkable conclusion that big financial firms in 2009 rewarded executives with huge bonuses even as taxpayers were saving their pinstriped hides. Ya don’t say.

Wait a sec, though. Doesn’t the newly passed Dodd-Frank Wall Street Reform and Consumer Protection Act tackle banker pay? Not really. The law merely gives the issue a trim, in the form of more stringent compensation disclosure requirements for financial firms. But it leaves