Big bank vs. small bank

May 13, 2010
Question: What are the pros and cons of transferring from a troubled megabank to a small bank? Charles. Winterville, N.C....
Posted In: banking

How safe is online banking

May 7, 2010
Question: How do I evaluate the relative safety of any particular online bank? How can I make sure my account would be FDIC insured? Paul, Brooklyn...
Posted In: banking

Annual credit card fee of $60

Apr 20, 2010
Question: Last week, I received a notice from a credit card company informing me that they were going to start assessing a $60 annual fee on my...
Posted In: banking, Credit Cards

Online savings

Jan 15, 2010
Question: Responding to "@78 yrs of age, place to put a mortgage payout beside the coffee can in the garden." [That part was a joke.] I am...
Posted In: banking, Savings

Banks vs. credit unions

Jan 8, 2010
Question: I was looking into opening a new checking and savings account. I noticed that Credit Unions offer better Interest Rates and Lower fees...
Posted In: banking, Savings

Online broker and safety

Jan 4, 2010
Question: You give great advice, Chris. Is it safe to open a Roth IRA with a well-known online broker? I need to put my money to work following a...
Posted In: banking, Investing, retirement savings, Savings, scams


Nov 23, 2009
Question: I recently paid off my mortgage ($55,000) and consulted with my local bank about how to best invest discretionary funds now that mortgage...
Posted In: banking, Housing, Savings

Cash in college savings

Nov 18, 2009
Question: Our oldest son is a junior in high school. We had been saving for college in a mutual fund. When the downturn hit last fall, we stopped...
Posted In: banking, Investing, Savings

Low risk and high yield?

Nov 5, 2009
Question: Over the past year I have saved about $3,500, stashing it in online savings accounts that are yielding lower and lower interest rates. My...
Posted In: banking, Investing

Closed credit card account

Oct 5, 2009
Question: I just received a notice from HSBC, one of two of my credit card companies, that they were going to increase my interest rate - again! ...
Posted In: banking, Credit Cards