Who is offering the best bank offers on interest rates? Well, by and large as we enter 2010, we’re seeing competitive interest rates for savings accounts at around 1.5%, with most below 1%. Incredible Bank, an online bank, is now offering over 2% on its checking accounts, but it’s unlikely that this will last. Maybe [...]
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Moneywise on April 19th, 2009
You should be aware that credit card companies are preparing for some tougher times and higher interest rates. Most fixed rate cards have been switched to variable rate cards at around 13.99%. There are very few major credit cards now offering rates below 10%. The minor players like Pulaski Bank and Iberia Bank remain with their offers, but it seems Pulaski Bank only offers its low interest rate card with an annual fee.
Moneywise on December 28th, 2008
Ok, so Discover Card is infamous for its money back programs on its credit card. The pros of signing up for this card are obvious. The card is not without its cons. You certainly cannot rely on it for purchases everywhere. A good amount of places, simply do not take Discover. Also, you have to keep an eye on cards that charge and annual fee and the interest rate. That said, if you use your Discover card like a charge card and pay off the debt every month, you can make a nice chunk of change and enjoy a cash-free life. Right now I would Apply for the Discover® More Card today! This card provides up to 5% cash back on certain purchases and a $0 annual fee. There may also be better options out there for you, including Discover’s business card that they are pushing, take a look at all of their options. Discover Card®
Moneywise on July 13th, 2008
I recently reviewed a variety of 529 college savings plans for the state of Virginia. As a reminder (or intro) college 529 plans investment vehicles with tax benefits that are designed to promote investing for college costs of (usually) your children. The exact details of the 529 plan vary by state, but are generally offered as savings plans and prepaid credits (hedge against tution inflation).
In Virginia, there is a good variety of savings plans that offer an array of investment vehicles. After taking a look at the details of these plans I give the top spot to the Virginia Education Savings Trust. These plans are offered directly through the state, which helps to keep the expense ratio down. The total expense ratio lands somewhere between 0.3%-0.6%. You can invest in age based options as well as a fixed basket of mutual funds. The minimum initial contribution is only $25, which is also the same price as the application fee. Contributors may earn a $2,000 per year tax deduction.
Remember many state plans are available to those who reside in other states, but often your home state may offer significant benefits for its in-state residents, so review the plans in your home state first.
Best Bank Offer is a consumer focused financial services blog. I post some of the best offers from banks, stock trading companies, credit cards, mortgages, and other offers that are relevant to your personal finance. It is our mission to help better inform and educate consumers regarding their personal finances.
