You may want to start saving money now to prepare for the $4 gas prices some experts expect to see, possibly by the summer. That’s according to a new Fortune Magazine article that says U.S. gas prices reach levels we haven’t seen since 2008 before the end of this year.
Why Gas Prices Could Be On the Rise
We have been able to benefit from relatively low gas prices for the past couple of years and with the economy still struggling a bit, no one is looking forward to prices increasing anytime soon.
But as noted by Fortune writer Colin Barr, prices could easily increase, largely because much of the gasoline being produced today costs $105 a barrel thanks to Middle East unrest an overseas economic growth.
Even the government agrees that we could see increase in prices soon. Right Full article…
First State Bank headquartered in Illinois is still offering attractive checking account rates for their reward checking account with the companion savings account. The reward checking account and the savings account are both under the Kasasa brands.
The reward checking account under the Kasasa Cash brand is a free checking account that has the following current interest rates:
- 3.50% APY for deposits through $25,000
- 1.00% APY for portion of the funds above $25K
- base interest rate of 0.25% APY when requirements are not satisfied
- ATM surcharges are refunded nationwide
This best reward checking account has the following monthly requirements:
- account holder must post a minimum of 10 purhcases using the debit card
- make a direct deposit or setup an automatic payment via ACH
- choose electronic statements over paper bank statements
When an account holder meets the requirements of the best checking account, you automatically qualify for the high interest rates of the Kasasa Saver that earns 1.50% APY for any balance and 0.25% APY when the prerequisites are not met.
Both the savings account and the checking account do not charge monthly service fees.
The rates of the Kasasa Cash is a few notch better than what you can get in other nationally available reward checking accounts.
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We all know the story of Ebenezer Scrooge, the cold-hearted, greedy man who despised Christmas, not only because it brought cheer to others, but because it required doing one thing he hated: giving.
Over the years, the world has seen millionaires and billionaires who have had the same “Bah humbug” attitude as Scrooge. They love to receive and hate to give. Let’s take a look at some past and current rich people who also happened to have Scrooge’s miser tendencies.
1) Gerry Harvey
Australian penny-pincher Gerry Harvey is known for making money ($870 million to date) and holding on to it with all his might. In the book Gerry Harvey: Business Secrets of Harvey Norman’s Retailing Mastermind, written by James Kirby, Harvey’s frugal ways are described in depth.
The book explains that he is known for spending two months deciding whether to buy a new pair of shoes and is not above recycling paper clips. In addition
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Chase has sweetened the deal on their Continental Airlines One Pass Plus Card. In addition to the 25,000 bonus miles you receive after your first purchase, they are also offering a $50 statement credit as well. With the additional 5000 miles you can get when adding an authorized user, that is $50 and 30,000 Continental miles.
If you travel a lot, the awesomeness of this card doesn’t stop there. Another big feature is the first bag checked for fee when using this card. With an average back check fee of $45, this is a huge bonus that pays each time you travel. Plus you also get 2 Annual Presidents Club Day Passes.
The best part the annual fee is only $85, which is waived for the first year. This is one of the only travel cards I have seen that have rewards and freebies that far outweigh the annual fee. D
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Consumers searching for the best vehicle for their savings need to find an account that not only earns the highest interest rate but also one with low or no fees and a minimum balance requirement that fits their finances. A certificate of deposit (CD) generally will not charge fees, although most require a minimum opening deposit.
Ally Bank offers CDs without any minimum deposit requirement, allowing more consumes access to their accounts.
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The Philadelphia Pennsylvania CD Rates that are currently available are competitive with the national averages. The nationwide financial institutions have recently dropped their Bank CD Rates, but the leaders like the Bank of the Internet and EverBank are still well above the average.
For financial institutions that are locally owned and located in the Philadelphia area, there are some good surprises. The Stonebridge Bank just north of Philadelphia is offering above average rates on their CDs. The 6 month CD is earning an APY of 0.50%. The 1 year CD is earning an APY of 1.00%.
The 18 month CD is earning an APY of 1.20%. The 2 year CD is earning an APY of 1.50% and the 3 year CD is earning an APY of 1.75%. Each of these CDs requires a minimum deposit of $500 February 10, 2011.
Just south of Philadelphia there are a couple of banks with good rates in the state of New Jersey. The Bank of Princeton is offering a 6 month CD that is earning an APY of 0.65%.
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While a low interest rate environment is a benefit to borrowers, the same low rates present a challenge to savers. If you are looking for the best interest rate on a savings account, consider an online savings account that is linked to a rewards checking account to achieve the maximum interest earnings.
Washington Savings, an FDIC-insured bank, offers several options for a savings account. The Saver Rewards account, which can be opened with $10, requires customers to maintain an interest rewards checking account.
Full article…
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