Tag: banks

Top 5 Reasons to Open Your Next Bank Account Online

In 2003, I first heard about online banks and how they were offering so much better interest than all the brick-n-mortar banks. At the time, I felt extremely uncertain about investing my hard earned money in a bank that I couldn’t see and touch if I wanted to get my money out. Fast forward 13 …

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How Does a Bank Work?

We use banks almost every day of our lives – yet we rarely (if ever) think about how they operate.¬†I thought it would be fun to take a brief, “banking 101” view of how the banking system works with the help of our friends at Northpointe Bank. Types of banks When I was younger, my …

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Reducing Risks to Your Family’s Finances

I work in the IT industry as a virtualization engineer, and 90% of my job is about reducing risk, eliminate single points of failure and implementing redundancy. Everyday a number of situations arise in my regular job that make me think of how my requirements can apply to personal finances. Recently, when Cyprus depositors lost …

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How to Shop Around for Your Bank Account

Earlier this year I wrote about how to stop living paycheck to paycheck with passive income¬†streams and the importance of having your family assets diversified in more than one bank. Well I happy to report back that I’m actively taking my own advice. About a month ago we opened up a second bank account to …

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Finding the Best Savings Account

My wife and I currently have several savings accounts, but I’ve been looking for an account that will offer a higher-yield. Our current savings accounts are with: US Bank Offering a staggering 0.05% interest rate! (bout knocks your socks off, doesn’t it?) Last year, we earned .50 of interest. US Federal This one is at …

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