Category: Checking/Savings Accounts


Should I Pay Down Debt or Build Up My Savings?

| September 5, 2011 | Comments (0)
Generally, you should pay down high interest debt first

Dear BLR Editor,
I’m due to receive about $3,000 from selling some of my musical equipment.  I’m 25 years old and I have a good job, but I also have a car note, at 4.5% and $26,000 in credit card debt.
My instinct tells me to save this money in my rainy day account, which is currently [...]

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Featured 6-month CD from Alostar Bank – 1.12% APY

| July 9, 2011 | Comments (1)
Featured 6-month CD from Alostar Bank – 1.12% APY

This featured 6-month CD from Alostar Bank sports a leading 1.12% APY, well above the 0.28% national average of 6-month CDs.
There is a minimum of $1,000 to open this CD, compounding is daily, and there is a 1-month penalty for early withdrawal.
Alostar’s 6-month CD is FDIC insured to a limit of $250,000.
This Birmingham, AL-based bank [...]

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Featured 24-month CD from Bank of Internet – 1.50% APY

| July 4, 2011 | Comments (1)
Featured 24-month CD from Bank of Internet – 1.50% APY

This featured 24-month CD from Bank of Internet sports a leading 1.50% APY, well above the 1.31% average of 24-month CDs hosted on BLR.
There is a minimum of $1,000 to open this CD, compounding is daily, and there is a penalty for early withdrawal.
Their 24-month CD is FDIC insured to a limit of $250,000.
This San [...]

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