Archive for the 'Basic Finances' Category

Easy money

Wednesday, May 23rd, 2007

4.5% APY on savings accounts at ING Direct. I’ve been with them since 2003, never had even the slightest problem and the interest is insane for a vanilla savings account.

Just how often DO you balance that checkbook?

Tuesday, May 22nd, 2007

There is an ad for a local bank advertising how well they take care of their customers.  The current ad shows a customer being informed via phone that a large check is about to overdraw his account, but it’s OK, they can transfer funds from his money market account.

The clerk asks, “So, important purchase?” and the customer answers yes while looking down at a jewelry box with an engagement ring in it.

Who on earth writes a check for an ENGAGEMENT RING without having enough money in their checking account to cover it?  I don’t know about anyone else, but wouldn’t you check, double check and possibly triple check that balance before writing a check of that size?