Savings Accounts

Almost every state offers a 529 savings program for investment in college funds. The plans are quickly becoming more and more popular because they offer high contribution limits and are federally exempt from taxes when the monies are withdrawn to use for college expenses. Most people choose to stick with the plans offered in their state but this might not always be the best option. Almost half of the states offer some sort of incentive for residents so it is worth looking into what incentives are offered in your home state before venturing out to other states. When considering investing …

Choosing The Best Section 529 Plan Read More »

If you have grandchildren, or children of your own, and would like to give them a gift that enhances their future, go no farther than Clariity.com. Every year birthdays, holidays, or other special occasions roll around and we go to the store, and struggle with the decision of what to buy our loved ones. Why buy them a toy or clothes that they will most likely get a couple years of usage out of, when you can buy them a gift that would impact their future. Clariity.com is a site that promotes family finance in a fun and energetic manner that will allow …

Clariity Review: Gifting Financial Dreams to Your Family Read More »

Saving money is obviously what the world needs, but very seldom what we make a priority in our lives. Yet, those who do save, or make the best effort to do so, often end up with a stable financial footing to begin to enjoy the rest of their lives. So why is it that most people would rather spend than save? Could be part of some cosmic plan that allows those who do save to be in a better place than those who don’t later in their lives?  It’s simply mathematics: if you take the time to save early on …

Considerations When Comparing Savings Accounts Read More »

All of us have heard about a Discover card being used as a from of payment, but did you know that Discover offers online money market and savings accounts, as well as CD’s and an IRA CD that is tax differed. Discover’s savings account is amongst the highest yielding simple savings accounts available to you and it’s a completely online account. Savings Account: Discover’s savings account has a yield of 1.35%APY with a minimum deposit of $500. They offer free online transfers from any other established account with any other bank that offers online services via online transfer. If you do not …

Discover Bank Savings Account Review Read More »

One of the biggest concerns that many have these days is that of helping their money go further. However, this is balanced against wanting the security associated with cash. For those who are interested in building emergency savings, or just using some cash products as low risk addition to a portfolio, a high interest savings account is of interest. Because yields on such accounts follow the Fed Funds Rate, the yield today isn’t near what it was three years ago before the global financial crisis. However, a high interest savings account is going to yield more than the traditional account that …

Finding a High Interest Savings Account Read More »

Just for fun a few months ago I checked my savings account rate at my local bank.  I know interest rates have been at historical lows, so I didn’t expect to see much.  Unfortunately, I didn’t see much…at all.   My local bank was paying a whopping 0.15% on both checking and savings accounts.   That means on $100,000 I would make a grand total of $150.  The best part is that is before tax! Knowing I needed to do something different, I started researching high interest online savings accounts searching for the best savings account rates I could find.  Before I share my …

High Interest Savings Accounts Online Read More »