Finance tip of the day

Mar 06, 2009 10:22

Here's a place that lets you track your credit score completely for free: www.creditkarma.com They calculate the score themselves based on your credit report, so it's not your exact FICO score, but it should still be fairly close. They let you track your score month-to-month, provide some advice/articles on money management, and give a list of some ( Read more... )

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ex_tailsy March 6 2009, 19:13:16 UTC
By the way, just in case you know, what's the best online, high-yield savings account going? Last time I checked it was HSBC, but last time I checked we weren't in a recession, either.

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rassah March 6 2009, 21:20:28 UTC
I definitely know, since I do credit card arbitrage. I borrowed $5,000+ on a 0% credit card, and stuck the money into a savings account, so I have to make sure I always keep it in the highest rate one to make the most money (have about 4 or 5 savings accounts open at this point).
HSBC just advertises more, but they're kinda sucky (only 1.85%). Not much better than ING (1.65, but I LOVE them as a regular checking account). For a while, FNBOdirect.com was best, but they slipped to %2.4. Currently, GMACbank.com is best, with a 2.65% rate. Both are no minimum, 0$ fee banks.
If you have any other funky questions like that, feel free to ask. I'm an encyclopedia of weird and fringe finance knowledge :D

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