Make Money Make Cents

Making Cents of Your Money

Banking

Choosing The Right Bank

 I don’t know if you’ve noticed, but in the past couple of year’s banks have changed.  Banks have really changed.  If you don’t know what I am talking about, stop in your bank when you have time.  Try and find a few familiar faces, people you have worked with or even just have seen over the years.  You might notice a lot of new faces.

 Another idea is to sit down with a banker, and ask a few questions about your account.  If you have had it for a few years, I bet they don’t offer that specific account anymore.…

Switching Banks? Here Are Some Tips

Banks provide their customers a way to conveniently use their money, while providing tools they need to keep track of their expenses.  For the most part, banks all offer the same thing.  They have checking and savings accounts, loans, investments, and all the features that come with.  I have worked in a bank for the last 6 years, and I would like to share the benefits, negatives, and special offers a few of the major banks offer.
Chase –  
Pros: Chase Bank is one of the largest banks in the US.  They offer the most advanced features with their accounts of all the banks.
…

Should I use Online Banking?

Online banking is now the most common way to do your banking.  It offers an easy way to maintain a budget, it saves time, provides a real time balance, and you can pay your bills without ever leaving home.  That being said, is online banking safe?
Saves Time
Online banking provides an easy way to do your banking from the convenience of your home.  Online Banking allows you to transfer money between accounts, order checks, view your statements, and even deposit money (at certain banks) all with the click of a button.  Some banks even have a service where you can receive emails or text messages if your account is running low, a large transaction hits your account, or just with the days balance.
…

Best Online Savings Accounts

Have you looked at your bank statement lately? Take a look at the section marked “Interest Rate” to get a chuckle.  Many people might be happy when they see .01%.  That’s 1 percent right?  Wrong.  That means one hundredth of one percent.  Here is a breakdown of how much you can earn with a .01% interest rate;

  • $1000 will earn you just under $0.10 for the year
  • $10000 will earn you just under $1
  • $100,000 will earn you $9.96.  That is not even enough interest to be reported on your taxes.

Online savings accounts offer convenience and accessibility, as well as higher interest rates.  The best online savings accounts typically offer higher rates because they do not have the brick and mortar branches that conventional banks have.  They do not have to pay for the lease, the utilities, or any of the costs that accompany an actual building to service customers.

…