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

Taylor Bean and Whitaker

Sep 30, 2009
Question: My mortgage is through Taylor Bean and Whitaker which has just been implicated in a fraud scandal, (which made headlines in August.) When...
Posted In: banking, Housing

Get rid of escrow

Sep 28, 2009
Question: My husband and I refinanced last year and since then our mortgage has been sold twice. We have always paid in a timely manner and we have...
Posted In: banking, Housing


Aug 27, 2009
Question: Is it possible to lose money in 2 FDIC insured accounts if you have less than $250,000 in each FDIC insured bank but greater than $250...
Posted In: banking

Closing credit card account

Aug 25, 2009
Question: I have a high interest credit card--24.9% with Bank of America, with a large balance $12,000. I am closing the account and Bank of...
Posted In: banking, Credit Cards, debt