Banks, and credit unions to a certain extent, spend a massive amount of money lobbying. Yes that’s your money, that these organizations use for lobbying. Here are some very curious statistics I gathered! Largest political contribution is also from the most hated bank in America. Bank of America contributed a total of $530,500 followed by […]
Ever noticed how when you swipe your debit card at the grocery, you have to choose Credit or Debit? Most choose Debit and enter their PIN to pay for the purchases. Did you know you can choose Credit and NOT enter your PIN?
Recently DCU sent me a questionnaire on how they were doing. It is nice of DCU to proactively ask for feedback from their customers and being a long time member, I got to filling out the feedback form right away. Page 2 and I noticed … Feedback : Keep feedback forms short.
If you are with one of the big banks, chances are you are getting a lot less than 1.50%. As of this post, this is the yield for a 1 year CD with the top four banks: What if I said you can get 1.50% APY with just $100 minimum AND free ATM access to […]
Applying for a credit card and canceling a card should not be treated lightly. Both affect your credit score. When you apply for a new card, the card issuer will do what’s called a ‘hard pull’ on your credit and this is noted on your credit report which can negatively impact your credit score. When […]
Credit Unions don’t get as much coverage as traditional banks and part of the reason is there is no incentive to cover Credit Unions. Credit Unions don’t pay for referrals, they are not set up that way. But then, for those who are members of a Credit Union, this is like an awesome secret others […]
As a kid, I loved quizzes (I still do)! Quizzes are challenging and fun and attempting them made me proficient in whatever subject I chose. I was wondering why not try the same with MoneyCone! Quizzes are a great way to learn without a lot of verbiage and they give you a sense of accomplishment. […]
IngDirect provides a free iPhone App to manage accounts. I thought I’ll give it a spin. Went to the App store, sure enough IngDirect provides not one, but two applications, one to manage accounts and an ATM finder for those who have an IngDirect ATM card.
Don’t get me wrong, I like both Ally and IngDirect. I’m a member of both and would gladly recommend these banks over brick and mortar banks. Both have top notch customer service with minimal hidden fees. But when it comes to interest rates, is there anything better out there? Ultimately, you want the maximum return […]
DCU recently rolled out a new service to all its members – a free monthly FICO credit score report! Absolutely love it! Yet another reason to move your money to a Credit Union. I’ve been with DCU since 2001, have never stepped inside the bank, but have been more than satisfied with their service. If […]