Lending

The following is a list of top online banks that offers high yield savings account, high interest savings account, or high yield money market account. All of these accounts are FDIC insured up to $250,000. Your principal is protected and you’re guarantee a positive nominal return on investment. For March 2010, the average interest rate [...]

The following is a list of the nationally available highest yields 12-month CD rates. In general, certificates of deposit (CDs) are great investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use CD Ladder to make your CD savings more flexible and effective. You can open [...]

Financial independence is a term typically used to describe a state where you have sufficient assets to live a certain lifestyle indefinitely without having to work or be employed.  Whether your income is derived from interest on savings, investment income, real estate income or something else, it really doesn’t matter.  The key is that you’re [...]

There’s no shame in admitting it: It’s possible to make it through college and into the real world without having the first idea about investing, money management, or anything that deals even remotely with finances. But thanks to the growing number of Web sites and online tools devoted to fiscal responsibility, it’s easier than ever [...]

It has been a while since I write about Lending Club. I haven’t written about peer-to-peer lending, because there hasn’t been much to write about except for the chance to win $2,500 from Lending Club. Otherwise, I am still an investor on both Prosper and Lending Club, and I continue to buy more notes when [...]

I was checking out Discover Bank Online Savings which is currently paying 2.0% APY — highest interest rate in my bank rates table. I noticed that Discover Bank also has a Money Market option, which currently pays 1.55% APY. I’ve never paid attention to the difference, but this time I got curious — what’s the [...]

Lending Club is a social lending network where investors can earn competitive returns by funding loans requested by borrowing members. Currently, investors are enjoying average Net Annual Returns of 9.6%, and experiencing less than 3.1% charge-off and default rate.
For the month of September, Lending Club is hosting a special giveaway to celebrate the approaching milestone [...]

Since most colleges don’t have classes on budgeting and basic money management it’s up to students to educate themselves. This collection of 33 free student budget calculators, spreadsheets and worksheets will help students of all ages create a workable budget — plus learn some basic budgeting skills along the way!
Here’s what you’ll find:

9 Web-Based Budget [...]

In general, anything above 700 is considered good, but it’s not that simple. There are many different credit scoring systems with different scales — not to mention individual lenders have their own criteria. In short, a good credit score depends on the scoring system used and your particular lender. However, you can get a good idea of [...]

I didn’t always agree with Dave Ramsey because I think some of his recommendations aren’t mathematically efficient. But as I pass my two years mark as a personal finance blogger, I must admit that have a growing appreciation for his school of thought. After all, we are human beings and not robots — so, mathematically [...]