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Alliant Credit Union Checking, Savings, CD Promotions & Offers

by Tony Phan @ MoneysMyLife

Find the latest promotions, offers, and updated rate information for Alliant Credit Union here. Alliant Credit Union is based in Illinois and offers personal banking products and loans to hundreds of thousands of members. Unlike many credit unions, Alliant allows anyone nationwide to join with just a $10 charitable donation to Foster Care to Success. […]

Capital One 360 Checking Review And Current Promotions

by Tony Phan @ Bank Bonus Guy

The Capital One 360 Checking is the online checking account option offered by Capital One bank. Because it is an online bank, anyone in the United States can apply. It has gained popularity due to it being fee-free and it’s actually an interest-earning checking account. Capital One 360 Checking review highlights: Current interest rates Account […]

How to roll over a 529 plan, and why it may be a good idea

How to roll over a 529 plan, and why it may be a good idea

by Wes Moss @ clark.com

When my 10-year-old son was born, his grandmother generously put $1,000 into a Franklin Temple 529 plan for him. A 529 is a tax-advantaged savings plan for educational expenses. This IRA-like vehicle is a great way to help fund a …

First Bank Financial Centre Business Checking Bonus: $300 Promotion (Wisconsin only)

by John Catral @ Bank Checking Savings

Available for business owners of Wisconsin, First Bank Financial Centre is currently offering residents of Wisconsin a generous $300 bonus when you sign up and open any new Business Checking Account. All you have to do to get started is open any new business account at your nearest branch or online, and then have at least 50... Keep Reading↠

The post First Bank Financial Centre Business Checking Bonus: $300 Promotion (Wisconsin only) appeared first on Bank Checking Savings.

Huntington Bank Coupons: $150, $200, $300, $500, & $750 Deals, Offers, & Promotions

by Danny Nguyen @ Bank Deal Guy

Huntington Bank Coupons, Coupon Codes, Promo Codes, Bonuses, Deals, Offers, and Promotions for their Checking, Savings and Business accounts can all be found here. Huntington Bank Coupon & Bonus Promotions are constantly updated throughout the year, so bookmark this page or check back on our Huntington Bank Deals, Offers, Bonuses, and Promotions master post for updates. Check out... Read More →

The post Huntington Bank Coupons: $150, $200, $300, $500, & $750 Deals, Offers, & Promotions appeared first on Bank Deal Guy.

Open/Fund Bank Accounts With Credit Cards For Promotions

by Tony Phan @ Bank Bonus Guy

Here’s a guide on using a credit card to fund the opening deposit when you sign-up for new Checking and Savings accounts for various banks. Common reasons for credit card funding bank accounts: To meet opening deposit requirements for new Checking/Savings account promotions. To help with credit card spending to meet a new credit card’s […]

BBVA Compass Bank 12-Month Certificate of Deposit Account: Earn 1.50% APY [Nationwide]

by Danny Nguyen @ Bank Deal Guy

Available nationwide, you can earn 1.50% APY when you open up a new 12-Month CD Account with BBVA Compass Bank! Below is all the information and details you need to open your BBVA Compass Bank 12-Month Certificate of Deposit Account to earn 1.50% APY! Editor’s Note: See our full list of BBVA Compass Bank Deals, Bonuses, Rates, and Promotions. BBVA Compass Bank... Read More →

The post BBVA Compass Bank 12-Month Certificate of Deposit Account: Earn 1.50% APY [Nationwide] appeared first on Bank Deal Guy.

TD Bank Checking Account Promotions: $150 And $300 Bonuses!

by Tony Phan @ Bank Bonus Guy

Find TD Bank Checking Account promotions for bonus money, smartphones, electronics and more here. You can find 1,300 TD Bank branch locations throughout the following states: Connecticut, District of Columbia, Delaware, Florida, Massachusetts, Maryland, Maine, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Virginia, Vermont. TD Bank has a limited time […]

Newtown Savings Bank $100 Checking Bonus [CT Residents]

by Tony Phan @ MoneysMyLife

Find updated Newtown Savings Bank promotions and bonuses at this page. Typical bonuses have been for $100, $150 and $200. Established in 1855 and headquartered in Newtown, Connecticut, Newtown Savings Bank has nearly 20 locations throughout the state. If you’re not a CT resident, head on over to our Bank Bonuses page for more suitable […]

The Best Online Savings Accounts in February 2018 | MagnifyMoney

The Best Online Savings Accounts in February 2018 | MagnifyMoney


MagnifyMoney

Savings accounts at 0.01% interest are nothing more than a free loan to a bank. Super charge your savings by using one of the best online savings accounts.

Marcus by Goldman Sachs Review: GS Bank Takes on Online Savings, CDs, and Personal Loans

by Lindsay VanSomeren @ MagnifyMoney

Most Americans probably think of fancy white-collar stock traders on Wall Street when they think of Goldman Sachs, a global investment firm that’s been around since the late 19th century. In recent years, Goldman made a major pivot, launching a new arm of the company called GS Bank, which would provide internet-only savings accounts to … Continue reading Marcus by Goldman Sachs Review: GS Bank Takes on Online Savings, CDs, and Personal Loans

The post Marcus by Goldman Sachs Review: GS Bank Takes on Online Savings, CDs, and Personal Loans appeared first on MagnifyMoney.

American Express Personal Savings Account Review

by Jim Wang @ Wallet Hacks

American Express (AMEX) is best known for their credit cards but they do much much more. Credit cards is where they started, many years ago, but now they offer bank accounts too. We know they have great perks on their credit cards, but what about their bank products? Their high yield savings account is called […]

The post American Express Personal Savings Account Review appeared first on Wallet Hacks.

British Airways Visa Signature Card 75,000 Avios Bonus + 3 Avios for Every $1 Spent on British Airways Purchases

by Anthony Nguyen @ Bank Deal Guy

Compare this card with other travel related cards here. The British Airways Visa Signature® Card is offering a chance to earn up to 75,000 bonus Avios. Earn 50,000 bonus Avios after you spend $3,000 on purchases within the first 3 months of account opening. Plus, earn an additional 25,000 bonus Avios after you spend $10,000 on purchases within your first year of account... Read More →

The post British Airways Visa Signature Card 75,000 Avios Bonus + 3 Avios for Every $1 Spent on British Airways Purchases appeared first on Bank Deal Guy.

Legacy Texas Bank Checking Review: $200 Bonus (Texas only) *Current Clients only*

by Howard Young @ Bank Checking Savings

Are you currently banking with Legacy Texas Bank? Legacy Texas Bank is currently offering existing clients a generous $200 bonus when you apply and qualify for a new Maximum Checking Account with a minimum opening deposit of $100 by March 31, 2018. Once you have signed up for a new account, all you have to have to... Keep Reading↠

The post Legacy Texas Bank Checking Review: $200 Bonus (Texas only) *Current Clients only* appeared first on Bank Checking Savings.

Kidnapping Statistics

by feedback@creditdonkey.com (Kim Pinnelli) @ CreditDonkey

Every 40 seconds a child goes missing somewhere in the United States. There are more than 460,000 missing children each year. Of those missing children, almost 1,500 of them are kidnapped.

Keep reading to learn more about the staggering statistics of missing children and kidnapping.

The Staggering Statistics

  • How many kids are kidnapped each year?
    There are approximately 1,435 kidnappings each year. This number is an estimate, however, as not every case gets reported, especially as it pertains to family member abductions.

  • How many kids are kidnapped by family members?
    A family abduction is the taking or concealing of a child under the age of 17 against the person’s legal rights. Family members abduct children in 1,230 of the total kidnapping cases.

  • How many kids are kidnapped by strangers?
    A stranger abduction, also known as a non-family abduction, is the result of a stranger taking or luring a child under the age of 17. Of the 1,435 kidnappings per year, 205 were non-family abductions.

  • What is the most common age group of traditional stranger kidnappings?
    Females aged 12-17 were the most commonly abducted group. Among those females, a majority of them did not live with two parents (either biological or adopted).

  • How many children abducted by strangers make it home safely?
    90% of children abducted by strangers make it home safe and sound.

  • What is the most common age of an abducted child?
    Children aged 12 and over are the victims of kidnapping in more than 80% of the cases. Teen behavior and irresponsibility are often considered the culprit before officials consider abduction. This is not the case for children aged 12 and under. A younger child who has gone missing often prompts quicker action.

Missing Children

  • How many children are reported missing each year?
    In 2016, 465,676 children were reported missing to the authorities. During the same year, there were a total of 647,435 missing people.

  • What percentage of reported missing children are not actually abducted?
    In almost 90% of the reported missing children cases, abduction is not the issue. It’s often due to miscommunication, getting lost, or children running away.

  • How many Amber Alerts are issued each year?
    In 2016, 179 Amber Alerts were issued. The alerts involved 231 kids. Amber Alerts are issued if a child under the age of 17 is believed to have been abducted and is suspected to be in immediate danger of injury or even death.

  • How many Amber Alerts turn out to be a hoax?
    In 2016, there were eight “hoax” Amber Alert cases. This means either the parents falsely reported the child missing or the child reported his disappearance in an attempt to throw off law enforcement professionals.

Runaways

  • How many children run away each year?
    As many as 2.8 million teens run away from home each year. The typical age of runaways is between the ages of 10 and 18.

  • What percentage of runaways are female?
    More than ¾ of the teen runaways are female. Of the female runaways who remain homeless, as many as 20% of them end up homeless and pregnant.

  • What percentage of teen runaways left due to physical abuse?
    Almost half of the teen runaways left home due to some type of physical abuse, either from their own family or in the foster care system.

  • What percentage of teen runaways left due to sexual abuse?
    As many as 17% of teen runaways ran away due to unwanted sexual activity from a family member, either in their household or extended family.

Defining Child Abduction

  • What is the definition of child abduction?
    Anyone who wrongfully removes, retains, or conceals a child commits abduction. It can occur with the use of force, such as in the traditional method of kidnapping, or through the use of luring or persuasion.

  • What is the definition of family abduction?
    A family member who takes a child against their will commits a family abduction. The child generally knows the perpetrator well, but does not willingly go with the person.

  • How does a parent kidnap their own child?
    If a child under court-ordered custody orders is taken by another parent, it is considered parental abduction. This goes beyond a custody battle and becomes a legal issue for the accused parent.

  • What is the “typical” abduction?
    When most people think of abduction, they think of a stranger abduction. The victim generally does not know the perpetrator at all. The kidnapper violently attacks, takes, or lures the child into their custody. In a majority of cases, this occurs within ¼-mile of the child’s home.

Today’s technology of cellphones and internet usage has made it much easier to keep track of children and get them home safely. Of course, no child or adult, for that matter, is ever out of danger. Constantly educating your children and staying aware of their surroundings can help keep your children safe with you, where they belong.

Sources and References:

Kidnapping Statistics appeared first on CreditDonkey

PenFed Credit Union CD Rates, Checking, Savings, Money Market, and IRA Accounts

by Lindsay VanSomeren @ MagnifyMoney

PenFed Credit Union—also known as Pentagon Federal Credit Union—got its start in 1935. Since then, it has grown to become one of the largest credit unions in the country, with over 1.6 million members and $24 billion in assets. While it does offer in-person branches, anyone can also access their accounts online. Like most credit … Continue reading PenFed Credit Union CD Rates, Checking, Savings, Money Market, and IRA Accounts

The post PenFed Credit Union CD Rates, Checking, Savings, Money Market, and IRA Accounts appeared first on MagnifyMoney.

New Bank Account Promotions 2017

by Bank Bonus @ Checking Account Promos

Open An Online Checking Account with a Bank Promotional Bonus, Best Checking Promo Online, Open a New Checking Account with a $100 Checking Promotion to Open a Checking Account Online. Best Checking Account Promotions in 2015 Online Banking Promotions $100 … Continue reading

New checking account bonus offers for June 2016

New checking account bonus offers for June 2016


Clark Howard

If you’re looking for a new bank and want to cash in on some sign-up bonus offers, there are plenty of them available throughout the month of June. Most of these offers are with the big natio…

YCharts Promotions

by Elizabeth Shutty @ Investor Junkie

YCharts is a financial research service that delivers data on stocks and mutual funds. It’s cheaper than a Bloomberg terminal and yet provides much of the same information. This is not a product for beginner investors. […]

YCharts Promotions is from Investor Junkie Copyright © Empowering Media, Inc. All Rights Reserved.

Premier America Credit Union Promotions: $50 + $50 Bonus [CA, TX Residents]

by Tony Phan @ MoneysMyLife

Premier America Credit Union promotions and sign-up bonus offers will be updated at this page. Typical offers in the past have been for $100 to $200 in bonus cash. Headquartered in Chatsworth, California and established in 1957, Premier America Credit Union has around 20 locations in California and Texas. If you’re not a resident of either […]

Best Savings Accounts And High Yield Rates February 2018

by Tony Phan @ MoneysMyLife

Do you need to find out which bank has the best Savings Account rates? Or, how about which has the best Money Market interest rates? Maybe you need a quick overview of the differences between the two types of interest-earning accounts to begin with. We’ll go over all of these questions and help you find the best […]

Meeting Direct Deposit Requirements For Bank Bonuses

by Tony Phan @ Bank Bonus Guy

Many bank promotions require that you set up Direct Deposit in order to be eligible for the offers. Here’s a guide on some tips and tricks on meeting this requirement. While there are a few bank bonus offers that don’t require Direct Deposit, most of the higher value promotions do. The terms and conditions of […]

Save up to 30% off Virgin Australia Reward Flights

by Sally McMullen @ finder.com.au

Whether you're flying in Economy or Business Class, use your Velocity Points to save on Reward Flights this February.

Net Worth Update: September 2017

by Stephanie @ Poorer Than You

I had one job to do this last month: open a Solo 401(k) for my retirement savings from self-employment and freelance income. Okay, really, I had like four jobs to do: mommy stuff, my job-job, my freelance job, and opening a Solo 401(k). But those first three were pretty much a given. A collective given? […]

The post Net Worth Update: September 2017 appeared first on Poorer Than You.

Ally Bank Online Savings Account: Earn 1.45% APY Rate [Nationwide]

by Danny Nguyen @ Bank Deal Guy

Available nationwide, Ally Bank is offering you a 1.45% APY on your funds for opening a new Ally Bank Online Savings Account. Below is all the information you need to earn 1.45% APY Rate on your funds when you open an Ally Bank Online Savings Account. Ally Bank Online Savings Account Summary Here is your opportunity to earn a an interest... Read More →

The post Ally Bank Online Savings Account: Earn 1.45% APY Rate [Nationwide] appeared first on Bank Deal Guy.

The best bank switching, cashback and interest offers | Be Clever With Your Cash

The best bank switching, cashback and interest offers | Be Clever With Your Cash


Be Clever With Your Cash

One of the quickest ways to make some extra cash is to take advantage of the very competitive current account market and get a switching bonus, cashback or high interest on your savings. If you’ve been with the same bank since your first job or University, you’re probably missing out. Since seven-day switching was introduced in …

How to do Valentine’s Day the Clark Smart way

How to do Valentine’s Day the Clark Smart way

by Clark Howard @ clark.com

Valentine’s Day is coming up. Are you ready, guys? Every year I see people who haven’t planned ahead and have to make last-minute purchases at the end of the business day on February 14. I just know they’re getting fleeced …

Citibank Checking Review: $200-$500 Promotions And Bonuses - Bank Deal Guy

Citibank Checking Review: $200-$500 Promotions And Bonuses - Bank Deal Guy


Bank Deal Guy

Get new Citibank Promotions and sign up bonus offers here. This review will concentrate on promotions for Citibank personal and business checking accounts. Citibank promotions review highlights: Current checking promotions Personal & Business Checking features See all my Citibank reviews See my Best Bank Promotions List Table of Contents1 Citigold Checking Account Package $500 Promotion1.0.1... Read More →

Best Bank Account Bonuses and Offers February 2018 - NerdWallet

Best Bank Account Bonuses and Offers February 2018 - NerdWallet


NerdWallet

Excellent cash bonuses are available if you open checking or savings accounts with some banks. Here are the best offers this month: Checking account offers and savings promotions Top picks…

Bank Direct Promotions 2016

by Bank Bonus @ Checking Account Promos

Bank Direct Promotions  Bank Direct Checking Promotions Bank Direct Promotions 2014 Bank Direct Air Miles Checking Account All you have to do to earn AAdvantage® miles at BankDirect is open one of our Mileage products — Mileage Checking with Interest … Continue reading

Discover Bank Review: CD Rates and Savings

by feedback@creditdonkey.com (Lee M) @ CreditDonkey

Discover offers high interest rates on its online savings and CD accounts. But there are some downsides. Here's what you need to know before you open an account.

Traditional savings accounts pay very little interest. If you want to earn a more impactful return on your savings, online banks often offer higher rates.

In this article, we will look at how you can use Discover's Online Savings Accounts and CDs to help grow your savings.

How It Works

Discover offers high yield savings accounts and Certificates of Deposit (CDs). Both earn a higher interest rate than a typical savings account. However, the two products work in fundamentally different ways.

  • Discovers Online Savings Accounts can earn up to a 1.40% annual percentage yield (APY). They work much like typical savings accounts, except that Discover does not have any physical branch locations.

  • Discover's CDs require you to deposit your savings for a set period of time. Withdrawing funds from a CD before the term has ended will incur a penalty. Also, CDs often have a higher minimum deposit than savings accounts. Due to these requirements, some CDs earn a higher APY than savings accounts.

Now that we've covered the basics, let's get into the specifics.

Discover Bank Promotions: February 2018

Online Investor Savings

Discover is an online bank, so they don't have many of the overhead costs that brick-and-mortar banks do. This allows Discover to offer no minimum deposit and a high APY on its Online Savings Account. Here are some additional details:

  • 1.40% APY
  • No minimum deposit
  • No account opening fees
  • No monthly maintenance fees
  • Daily compounding interest
  • Free online and mobile banking
  • FDIC insured

As with any savings account, you'll be limited to 6 withdrawals per month. This is a federally-imposed limitation.

If you need to withdraw money from your Discover savings account, you have a few options: internal Discover transfers, external transfers to another bank, wire transfers, and mailed checks.

Is Discover Safe?: Discover is FDIC insured. This means that if Discover defaults, the federal government guarantees the balance in your savings account, up to $250,000.

Certificate of Deposit (CD)

For CDs, you must deposit a fixed amount of money for a fixed amount of time.

There are a few key factors to consider when deciding on a CD: the term length, the minimum deposit, and the APY. Discover also offers some retirement account qualified CDs, which can be a good option to supplement your retirement savings. Contact your financial professional to see if these retirement options are right for you.

Here are your options:

  • Term CDs: Discover's basic CDs are available in 3, 6, 9, 12, 18, 24, 30 months, and 3-, 4-, 5, 7- or 10-year terms. They require a minimum deposit of $2,500, and their APY range from .35% to 2.45%.

  • IRA CDs: Discover offers a retirement account qualified CD option as well, if you qualify. Both Roth (post-tax) and Traditional (pre-tax) options are offered. Terms and APY of these products are similar to that of Discover’s term CDs.

Why We Like Discover

Here are a few things that we like about Discover's online savings accounts and CDs:

  • Low minimum deposits: If you have just started saving or want to set aside a small balance, Discover can be a great choice. Their Online Savings have no minimum balance requirements at all. Their deposits for term CDs and IRA CDs are some of the lowest in the industry.

  • High rates: Discover's Online Savings offers such a high APY that it outperforms some of their short-term CDs. This is great news for anyone looking to save, but especially for those who can't pay the high minimum deposits that some other banks require. And if you meet a higher minimum deposit, you can earn as much as 2.45% APY on a CD, depending on term length.

  • Minimal fees: Discover cuts out many fees that other banks profit from. For example, you will not be charged any account opening or maintenance fees.

  • Retirement options: Discover offers IRA CDs, which can be utilized in a retirement planning strategy.

Reasons You Might Skip Discover Savings

For all of Discover's advantages, there are some downsides that need to be considered:

  • No branch locations: In exchange for the high interest rate on your online savings account, you are required to do your Discover banking online or over the phone.

  • No ATM card: Discover Savings does not provide an ATM card for easy withdrawals. This could be a good thing so you’re not tempted to spend your money. But if you like that convenience, look into their Money Market account instead. Or there are some other online savings accounts that come with an ATM card.

  • No Relationship Rewards: Some retail banks in the U.S. are now offering relationship bonuses to incentivize their customers to keep all of their business in one place. If you move your savings balance to Discover from your retail bank, you may miss out on some of these relationship bonuses. Contact your bank for more details.

Common Questions

If you're still interested, you probably have some questions. We'll clear up some of the basics here:

  • Should I open a CD or savings account?
    This is a really broad question and everyone has different investment goals. The decision comes down to how much you're looking to set aside, how much risk you are willing to take, and how much you'll need to access your savings.

    If you can commit to not touching your savings for at least 1 year and can meet the minimum deposit, you may be able to earn a higher interest rate with a CD versus a savings account. If you need liquidity, a savings account gives you more flexibility to withdraw your savings when needed.

  • How can I deposit funds with Discover Bank?
    For savings accounts, there are a few ways to deposit funds: deposit checks with your mobile device, transfer from Discover checking, transfer from an external account, mail a check, or set up a direct deposit to your new account. For term CDs, you can transfer from Discover checking, transfer from an external account, transfer by phone, or mail a check. For IRA CDs, contact Discover for instructions on how to fund a Discover IRA account.

  • What is the penalty for early withdrawals from Term CDs?
    It depends on the term of your CD. Here's how it breaks down:

    • Terms less than 1 year: 3 months' interest on the amount withdrawn
    • Terms from 1 year to <4 years: 6 months' interest on the amount withdrawn
    • Terms over 4 years to <5 years: 9 months' interest on the amount withdrawn
    • Terms over 5 years to <7 years: 18 months' interest on the amount withdrawn
    • Terms over 7 years and greater: 24 months' interest on the amount withdrawn

Bottom Line

If you're ready to start building your savings, then you should consider if Discover's Online Savings Accounts or CDs are right for you.

Even if you only have $1 in savings, you can start earning interest in a high yield savings account. Or, if you have at least $2,500 set aside and aren't concerned about liquidity, you can earn an even greater return with a CD.

Discover's savings offerings might not be the right savings product for you, but if you're looking to earn interest above that of a standard savings account, opening a savings accounts or CD from Discover is an investment option worth considering.

Discover Bank Review: CD Rates and Savings appeared first on CreditDonkey

Disclaimer: Opinions expressed here are those of the author's alone. Please support CreditDonkey on our mission to help you make savvy financial decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

10 Bank Promotions That Pay You To Open An Account

10 Bank Promotions That Pay You To Open An Account


Investopedia

Find out which banks are running cash promotions this summer.

LifeLock Review: Is It Worth It?

by feedback@creditdonkey.com (Kim P) @ CreditDonkey

Protecting yourself against identity theft seems like it's worth its weight in gold. Do you really get as much protection as you think with services like LifeLock? Find out below.

Last year more than 143 million people had their personal information exposed during the Equifax hack. This demonstrates just one of the thousands of security breaches that happen each year. LifeLock claims to protect your identity from these types of incidents beyond what a basic credit freeze offers.

LifeLock claims to monitor more than just your credit. They monitor the dark web, unauthorized address changes, online scams, and public records. The depth of the monitoring you get depends on the chosen plan. LifeLock also offers identity theft restoration services and 24-hour customer service.

With a LifeLock membership, you can monitor one driver's license number and Social Security number. But you can monitor up to 10 credit cards and/or bank accounts. You may also enter up to five home addresses, email addresses, and phone numbers.

Who Is LifeLock Best For?

  • If you are at high risk for identity theft: Consumers who aren't proactive in their attempts to protect identity theft may benefit from the service. While LifeLock can't prevent identity theft, it can alert members of a breach. Think of it like an alarm system. The crime has been committed, but now you can attempt to minimize the damages.

  • If you don't know how to recover from identity theft: Identity theft is overwhelming. Victims must take several steps to stop the perpetrator from doing more damage. There could also be damages that must be undone, such as unauthorized accounts opened in their name or fraudulent use of medical insurance/benefits. LifeLock's bread and butter is their restoration services, helping victims put their lives back together.

  • If you don't regularly check your credit and/or financial accounts: Checking your credit reports, monitoring bank statements, and watching your credit card accounts is time-consuming. If you aren't vigilant about watching these accounts, LifeLock may give you a little peace of mind knowing you may receive an alert if something is amiss.

Why We Like LifeLock

  • Learn of a breach early: There's no foolproof way to prevent identity theft or fraud. What LifeLock offers, though, is quick notification of certain adverse actions on your accounts. This gives you the chance to try to minimize the damages before they get out of hand.

  • Restoration services help repair the damage: After you experience identity theft or fraudulent account activity, LifeLock's agents offer their services in fixing the problem. They may not be able to fix everything, but having their expertise on your side may help.

  • Reimbursement for loss funds: Each of LifeLock's plans offer coverage, similar to an insurance policy for lost or stolen funds. However, their reimbursement is subject to many restrictions, especially if another insurance policy or financial institution will cover the loss.

  • User-friendly platform and app: Members can access the LifeLock member portal on their PC, laptop, or mobile device. In the platform, members have access to their account information as well as all alerts, whether critical or non-critical. Members can view the alerts at their leisure and determine what/if anything they must do.

  • Multiple alert options: LifeLock offers several alert options to make sure you are aware of a potential situation. They offer alerts via phone, email, and text. You can also customize the alerts you receive, changing thresholds for various accounts based on your needs.

  • 24/7 customer service 365 days a year: LifeLock representatives are available for questions and concerns 24/7 every day of the year. However, any restoration services are only available during business hours.

  • Lost Wallet Protection: Losing your purse or wallet may put you at risk for identity theft and/or credit card fraud. LifeLock offers assistance in handling the tasks necessary to stop anyone from using the lost information. They include this service in all 3 plans.

  • Scans a trillion data points regularly: LifeLock claims to scan a trillion data points daily. The exact data points they scan will determine how well it protects you. However, it's likely more than you would scan yourself, and even a small bit of protection may help.

  • Monitors accounts rather than freezes them: A credit freeze prevents thieves from accessing your credit information moving forward. If you were already hacked, though, the criminals have what they need. Monitoring may help alert you of any new activity even after you freeze your credit.

Why You Might Look Elsewhere

  • Only one credit bureau monitored with the first two plans: You have to pony up and pay for the most expensive plan to get monitoring of all three credit bureaus. Since not all companies report to all three bureaus, you may not have the protection you need.

  • Limited coverage guarantee: Despite their million dollar coverage guarantee, there are many limitations. If your identity is stolen or accounts hacked into, it must be due to some failure or defect on LifeLock's behalf for the guarantee to take effect. If LifeLock did what they promised and you still got hacked, the guarantee may not apply.

  • No family plan: If you want to protect more than one family member, such as a spouse or child, you have to pay for separate plans. This could get costly depending on how many family members you want to protect.

Plans

All plans include the following:

  • Dark web monitoring
  • LifeLock Privacy Monitor
  • Notification of unauthorized address changes
  • Lost Wallet Protection
  • Alerts for Social Security number breaches

In addition to the basic features, LifeLock has three tiers to choose from:

  • LifeLock Standard: As the cheapest plan available, this plan monitors one credit bureau and provides up to $25,000 reimbursement for stolen funds.

  • LifeLock Advantage: The mid-plan still only monitors one credit bureau, but they also provide the credit score from that bureau. It also offers bank account and credit card monitoring and notifications of data breaches. LifeLock will also provide crime reports for your area and report on any fictitious identity issues.

  • LifeLock Ultimate Plus: The largest plan offered provides all of the above benefits, plus monitoring of all three credit bureaus with credit scores. You may also request monthly credit scores from one credit bureau; however, it is the Vantage 3.0 score, not FICO. You can also opt to have certain investment accounts monitored and receive alerts of bank account takeovers. LifeLock also provides priority customer service for Ultimate Plus members.

Keep in mind: LifeLock does not do business with all banks, credit card companies, or financial institutions. Their scans may miss issues with specific companies if they are not within the LifeLock network.

Customer Service

LifeLock's customer service seems to be where they shine. With accessibility around-the-clock, either on the phone or online chat, customers can ask questions and address concerns any time of day or night. If you experienced identity theft of credit card fraud, you'll need to wait until business hours to secure any restoration services, though. Chances are this is due to the representative's need for access to the bank and credit card companies that operate during business hours.

LifeLock also offers a breadth of customer service options online. Their member portal is user friendly and provides all up-to-date information about your account statuses. Their website also offers a multitude of resources that may either answer your question or help you figure out what to do next.

Customer Service Phone Number: 1-800-416-0599

How to cancel: If you obtained your LifeLock service directly from LifeLock, call 1-800-LIFELOCK (543-3562). You can also cancel via your member portal. If you obtained the service through a third-party, you must contact the third-party to cancel.

How It Compares

  • Identity Guard: With Identity Guard, you get basic identity protection with the exception of driver's license number monitoring. They offer a breadth of services that monitor what happens on your accounts, but they lack the restoration services needed to pick up the pieces. Their customer service is more of an "advice line" than professionals fixing the problem.

  • ID Shield: With ID Shield, you get a $5 million guarantee if your identity is stolen, and you can monitor up to 2 adults and 8 children on one plan. However, they only monitor one credit bureau (TransUnion), no matter which plan you choose. In the event that your identity is stolen; however, you have access to private investigators who also help you restore your identity and/or accounts.

  • IdentityForce: With IdentityForce, you get more than financial protection. They monitor social media sites, blogs, and court records too. Their most basic plan includes most everything LifeLock's most expensive plan offers. However, they do not offer a family plan.

Bottom Line

So is LifeLock worth it?

If you are willing to pay for credit monitoring because you won't do it yourself, it may give you a little more protection against identity theft. Keep in mind that there's no way to completely prevent someone from stealing all or part of your identity. If you are not proactive in keeping your passwords secure and monitoring your accounts on a regular basis, it might be worth the peace of mind to know when something is amiss.

LifeLock Review: Is It Worth It? appeared first on CreditDonkey

2016 year end review

by stlplace @ stlplace

This is the beginning of the 2017, and it’s also the customary review season for me. This weekend is a bit interesting as we got freezing rain on Friday (and I had to work from home on that day), also due to the fact about a month ago we had freezing rain on a Friday […]

BBVA Compass Bank Deals, Bonuses, & Promotions: $50, $100, & $200 Checking & Savings Offers

by Danny Nguyen @ Bank Deal Guy

Find the latest BBVA Compass Bank Deals, Bonuses, & Promotions here at BankDealGuy! BBVA Compass Bank is available physically in a few states but available for residents in 48 contiguous states! Check out excellent checking, money market, savings, certificate of deposit accounts, and more! See below for our list of BBVA Compass Bank Deals. BBVA Compass Bank has numerous... Read More →

The post BBVA Compass Bank Deals, Bonuses, & Promotions: $50, $100, & $200 Checking & Savings Offers appeared first on Bank Deal Guy.

Personal Capital Promotion – Get A $20 Amazon Gift Card When Joining

by Larry Ludwig @ Investor Junkie

Personal Capital is offering a promotion through its refer-a-friend program. You get a $20 Amazon gift card upon joining the service. (And since this is a referral program, I’ll also get $20 when you join.)
Keep in mind we rate Personal Capital as the best personal finance service currently on the market. […]

Personal Capital Promotion – Get A $20 Amazon Gift Card When Joining is from Investor Junkie Copyright © Empowering Media, Inc. All Rights Reserved.

Best Personal Checking Account Promotions in 2017 - The Simple Dollar

Best Personal Checking Account Promotions in 2017 - The Simple Dollar


The Simple Dollar

If you need a new checking account, banks from coast to coast are offering attractive promotional bonuses to lure your business. A bank checking account bo

Save More with Educators’ Share Certificate Special!

by Brad @ Educators Credit Union

Starting today, you can get more back on your savings with the Educators Credit Union share certificate special. Right now, 15-month share certificates have a 1.75% APY*! You must open the share with at least $500. This special only goes through Wednesday, Feb. 28. To open this share, visit any Educators branch or call 262.886.5900. Points for Perks cannot be … Read more »

The post Save More with Educators’ Share Certificate Special! appeared first on Educators Credit Union.

Chase Savings Coupon Code

by Anthony Nguyen @ Bank Deal Guy

The Chase SavingsSM Account is made simple. With this account, you can start saving with ease! You’ll have access to chase.com and our mobile banking tools. Plus, 24-hour customer support is just a phone call away. See table below for more info regarding the Chase SavingsSM Account Coupon. For more offerings from Chase, be sure to... Read More →

The post Chase Savings Coupon Code appeared first on Bank Deal Guy.

5 Types of Commercial Loans to Consider for Your Business

by Meredith Wood @ Fundera Ledger

If you have a small business and need funding to grow into a new space, purchase a new piece of […]

The post 5 Types of Commercial Loans to Consider for Your Business appeared first on Fundera Ledger.

Educators is the “Best of Milwaukee” Once Again

by Brad @ Educators Credit Union

Educators Credit Union has once again been named the “Best of Milwaukee” thanks to members voting in the Shepherd Express “Best of Milwaukee 2017” poll. The Shepherd Express runs the online vote so readers can help decide the best of what Milwaukee can offer. The winners were announced Tuesday night at a ceremony hosted by the weekly publication. For the … Read more »

The post Educators is the “Best of Milwaukee” Once Again appeared first on Educators Credit Union.

Introducing the Educators Credit Union cash back Visa® Signature Card!

by Brad @ Educators Credit Union

Educators Credit Union asked members what they want out of their credit card, and we heard them loud and clear: cash back. So now, we are giving you what you asked for! With the new Educators Visa® Signature Card, members get 1.5% unlimited cash back on all purchases! But the benefits of this card don’t stop there. The Visa Signature … Read more »

The post Introducing the Educators Credit Union cash back Visa® Signature Card! appeared first on Educators Credit Union.

BBVA Compass Bank Checking, Savings, CD Account Promotions

by Tony Phan @ MoneysMyLife

Find the latest BBVA Compass bank promotions, bonuses and offers here for Checking and Savings accounts. Typical bonus amounts are $25, $50, $100, $125, $250, etc. Sometimes there will also gift bonuses, such as tablets and other electronics. BBVA Compass was established in 1964 and is headquartered in Birmingham, Alabama. They have over 650 branches […]

Home Chef Review: Is It Worth It?

by feedback@creditdonkey.com (Kim P) @ CreditDonkey Reviews

Almost half of Americans claim to hate to cook. For many, it's due to a lack of time to put together a half decent meal. Perhaps because of this phenomenon, meal delivery services have taken over the radar.

One name you probably hear quite often is Home Chef. Founded in 2013, Home Chef delivers more than 1.5 million meals to doorsteps each month. The perfectly portioned ingredients and colorful recipe cards have wanna-be chefs trying new things.

Is it the right service for you?

What Is Home Chef?

Busy families often resort to frozen food or takeout. While it's convenient, it could be unhealthy and costly. Enter Home Chef, the answer to the desire for a home cooked meal in under 30 minutes. This home meal delivery service promises fresh ingredients delivered to your doorstep with delicious recipes even the novice can prepare.

Home Chef delivers all of the ingredients necessary to create your chosen meals. However, they don't provide common staples, such as cooking oil, salt, and pepper. You can skip meal planning, grocery shopping, and recipe hunting. Home Chef works with high-quality food suppliers and professional chefs to deliver the best ingredients and tastiest recipes.

How Home Chef Works

You can sign up for Home Chef in a few simple steps. You'll provide your email address, food preferences, shipping, and payment information. Based on your preferences, Home Chef then suggests meals for you. But you can choose from the more than 11 options each week based on your family's desires. This offers a great opportunity to try something new. Many families try meals they would otherwise never eat.

You can choose your menu on a weekly basis as long as it's by the deadline. But Home Chef also sets their menus 5 weeks in advance. If you like to plan, you can know what you'll be eating for the next month or so. Their site has a countdown to let you know how many days are left to order from a specific week's menu. Once the deadline hits, the menu is no longer available. However, you can still access their recipes for a few months.

You can also choose to add on smoothie ingredients and/or fresh fruit baskets. You choose the number of servings and the items are added to your order.

Once you choose your meals, Home Chef ships the fresh ingredients and recipe cards right to your doorstep. You get to choose the delivery date so you know when it will arrive.

Once you receive your order, you simply unbox the desired meal and follow the recipe steps. Take note: you'll find a list of "extra" items you need, such as olive oil, salt, and pepper, at the top of the card. You'll also see any special notes titled "Before You Cook." This alerts you of any steps you must take before you start cooking.

Each step in the cooking process is broken down into simple instructions and includes pictures. They even offer a "proper plating" picture so you can replicate the look of the meal as you would see it in a restaurant.

Who Benefits the Most from Home Chef?

Home Chef isn't for everyone, but many people do benefit. If you are too busy to cook anything but frozen pizzas and chicken nuggets or you are sick of takeout, it could be worth a try.

However, if you are the type who follows a strict budget or uses coupons religiously, you might find the price a little much to handle. Home Chef charges customers by the number of servings ordered. However, the smallest quantity you can order is 2 servings. Because they charge per serving, you don't get a price break with the more people you feed.

If you were to shop for the ingredients yourself, the price per serving may decrease with the more mouths you feed. You can either buy in bulk or purchase items on sale. At Home Chef, it could cost as much as $60 for one meal to feed a family of six.

But, for some, the price is worth it. Even though you might spend as much as you would on takeout, you get much higher quality food and the satisfaction of preparing it yourself.

If you have a little time to spend in the kitchen, but less time to meal plan and grocery shop, this service may work well. Keep in mind that while you receive fresh produce and meat, you still have to do a little preparing. Many recipes require you to slice vegetables, chop nuts, and season the meat. Typically, it's nothing too time consuming, but something you should keep in mind.

What Are Your Choices?

Home Chef offers a large variety of options even for those on a strict diet. When you sign up, you can specify any allergies or preferences you have.

After entering your email address, Home Chef asks you a variety of questions:

  • How many meals would you like sent to you each week? (Choose 2-6)
  • How many people will you cook for? (2, 4, or 6)
  • Do you prefer meat, seafood, vegetables? You can choose one, two, or all three options.
  • Do you need a low-calorie or low-carb meal plan?

You can then choose to omit any of the following:

  • Pork
  • Soy
  • Red meat
  • Nuts
  • Wheat
  • Milk
  • Mushrooms
  • Shellfish

Based on your preferences, Home Chef offers a variety of menu options. A few examples of past meals offered include:

  • BBQ-Rubbed Chicken and Cheddar Mac
  • Greek Panko-Crusted Cod with vegetables
  • Sirloin Steak with Balsamic Sauce and Potatoes
  • Spaghetti and Ricotta Meatballs

The Pros and Cons of Home Chef

Having fresh ingredients delivered to your doorstep with step-by-step instructions may seem like a dream come true and for some, it is. However, you should know the cons before deciding too.

Pros

  • The recipes are very easy to follow, even if you are not a self-proclaimed chef.
  • You can personalize the options to meet your dietary needs.
  • You can pick and choose the number of meals each week or even skip several weeks at a time.
  • Possibly waste less food, as only the necessary amount of fresh ingredients come in the box.
  • Recipes are categorized by difficulty.

Cons

  • You should be home when the food is delivered, as it's chilled only with standard ice packs.
  • The dietary restriction options don't include vegan or heart-healthy diet options.
  • Single-member households must pay for 2 servings of any meals they order.

How It Compares

Home meal delivery services are quickly on the rise. While Home Chef has been around for almost 5 years, others are popping up all over the internet. They all offer the same idea - fresh ingredients to make restaurant-quality meals in your own kitchen. A few of the options outside of Home Chef include:

Blue Apron
Blue Apron offers a subscription service. You get a box each week unless you cancel your subscription. You choose from the "2-Person Plan" or the "Family" plan. The 2-Person Plan allows you to choose 2 or 3 recipes per week. The Family Plan allows you to choose 2, 3, or 4 recipes per week. They do offer vegetarian plans, but only for the 2-Person Plan. They specialize in unique recipes with new cooking techniques to keep even the most experienced cook learning new things. However, Blue Apron meals tend to take longer to prepare - some even take up to 90 minutes.

Plated
Plated works much the same as Home Chef. You choose your meals from week to week. You can skip weeks, stop delivery altogether, or order as often as you want. They have more than 20 recipes to choose from at a time. They also offer dessert recipe options. You receive most of the necessary ingredients outside of the standard staples you probably have at home. Plated allows you to mix and match the number of servings you get for each meal. This allows some flexibility for entertaining or nights when not everyone will be home for dinner. The food from Plated is often very unique or gourmet, and the recipes can be complicated or time consuming.

Hello Fresh
Hello Fresh provides farm-fresh foods with the option to choose a meat/seafood or vegetarian plan. They also provide a weekly subscription, but you must choose between a plan for 2 or 4 people and 3 or 4 recipes per week. Based on your preferences, Hello Fresh provides you with 15 new recipes to choose from each week. By default, they choose your meals for you, but you have the flexibility to change them if desired. Hello Fresh is a good choice for those who prefer "standard" recipes rather than the more "gourmet" options from other subscription services.

Bottom Line

Home Chef is among the many meal delivery service companies vying for your grocery dollar. They are among the easier meals to prepare, yet they don't lack in sophistication. They are among the services that offer the most options for those on a restricted diet. If you're looking for an alternative to convenience food, this is a great option. You'll create a warm, home-cooked meal for your family with fresh ingredients that will not go to waste.

Home Chef Review: Is It Worth It? appeared first on CreditDonkey

Acorns Promotion – Get $5 for Referring a Friend

by Katherine Peach @ Investor Junkie

Are you using Acorns to save your spare change? Refer your friends to this microsavings platform and get $5 in your account!

Acorns Promotion – Get $5 for Referring a Friend is from Investor Junkie Copyright © Empowering Media, Inc. All Rights Reserved.

Average Cost of Insurance

by feedback@creditdonkey.com (Kim Pinnelli) @ CreditDonkey

The average person pays around $4,200 per year for insurance, including car, health, dental, life, and homeowners insurance. That's before any adjustments.

Keep reading to learn the startling facts about the average cost of insurance and what you can expect.

The Average Cost of Car Insurance

Drivers spend around $982 every year on car insurance. Today, we pay an average of 8% more than we did 5 years ago. These figures may vary depending on the type of coverage chosen, though. Each state requires different types of minimum coverage that you must comply with.

  • How much does the average car insurance increase when adding a new teen driver?
    On average, a new teen driver increases a family's car insurance policy to $2,474 from $982. This is a 152% increase. Keep in mind that this only takes into consideration adding a teen driver. If you were to secure your teen his own policy, it would could as much as 2 times the cost of adding him/her to your policy.

  • How much on average does car insurance decrease as teens age?
    As teens gain experience, they get to take advantage of lower car insurance rates. Again, keeping a teen on a parent's policy saves the most money. 17-year-olds save an average of $467 per year on their own policy. An 18-year-old saves an average of $374 per year and a 19-year-old saves around $970 per year.

    19 years old is the "magic" age when teens have around 3 years of experience under their belt. This decreases the risk of car accidents and lowers an insurance company's risk.

  • How does the average cost of insurance premiums change as you enter adulthood?
    Young adults leaving the teen years behind pay an average of $1,945 for car insurance at the age of 20. The exact amount depends on the amount of the chosen deductible and the type of coverage chosen. As they enter young adulthood, they lose some discounts, such as the "good student discount" and "student away" discount. But there are other discounts they can soon take advantage of, including the multiple policy discount.

    Tip: Many insurance companies give a good student discount for high school and college students maintaining a 3.0 GPA.

    The student away discount lowers a teen's insurance premium if they go away to college and do not bring a car.

  • How much more does it cost men on average for car insurance than women?
    Men pay an average of $60 per year more than women for car insurance. This might not seem significant, but over a 10-year period, that's $600 more than women pay for the same insurance.

  • What is the average difference in insurance premiums between married and single drivers?
    One of the benefits of being married is saving money on your car insurance. Married drivers save an average of $9 per month on their insurance. This means $108 per year and more than $1,000 over 10 years.

Average Cost of Health Insurance

Looking at both group and marketplace insurance, individuals pay an average of $464 per month and families pay an average of $1,266 per month. Deductibles average $2,903 for an individual and $5,739 for a family.

  • What is the average cost of an HMO policy versus a PPO policy?
    PPO policies tend to cost individuals 3.4% more than HMO policies. Families pay an average of $5.7% more for the PPO.

    On average, individuals pay $548 per month for an HMO and $567 per month for a PPO. Families pay an average of $1,498 for an HMO policy and $1,584 for a PPO plan.

  • How does the average cost of health insurance differ for singles and married couples?
    The average single male pays $310 per month for health insurance on the exchange market, but the average woman spends around $332 per month. Married couples follow the same path, as they pay an average of $717 per month on the exchange market.

  • What is the average cost of insurance on the exchange versus employer-sponsored insurance?
    The average individual on employer-sponsored health insurance pays $536 per month for insurance. In comparison, on the exchange, individuals pay around $393 per month.

    On average, employer-sponsored insurance costs families 48% more than exchange policies. Families pay $1,512 for an employer-sponsored plan and $1,021 for a policy on the exchange.

    Determining which policy is the most affordable depends on the deductible and type of coverage. A lower premium doesn't always mean a more affordable policy.

Average Cost of Dental Insurance

Dental insurance costs the average person just around $30 per month and the average family around $56 per month for group coverage. Individual policies are a little more expensive, though. Individuals pay around $45 per month and families pay an average of $71 per month for individual dental insurance.

  • How much does the average dental policy cover per year?
    Dental policies often don't cover 100% of the cost of necessary dental work. The average PPO dental plan covers a maximum of $1,500 per year. However, less than 1 in 10 people hit the annual maximum for the dental insurance.

  • What is the average out-of-pocket expense for dental work?
    The average dental policy covers 80% of basic dental work and 50% of major work. This excludes preventative dental work, such as cleanings, which is often covered 100%.

    A simple tooth extraction is considered "basic" dental work. The average total cost is $293. At 80% coverage, the average person pays $59. A root canal may also be considered "basic" work. The aveage cost is $300, leaving the average person with $60 to pay out of pocket.

    Major dental work, such as a dental crown, costs around $1,675. At 50% coverage, this means the average person pays $837.50.

  • How does the cost of dental work affect the average person's dental care?
    Just over half of Americans see the dentist regularly. More than 20% of the population hasn't seen the dentist for a few years. Of those who don't visit the dentist, at least 60% of them skip it because of the high cost of dental care.

Average Cost of Life Insurance

Non-smokers with a $500,000 term life insurance policy pay an average of $2,037 annually for life insurance. Smokers with the same policy pay an average of $7,313 per year.

  • How does the average cost of life insurance change as you age?
    It pays to obtain life insurance early. People who secure life insurance at the age of 35 pay an average of $159 per year for a 20-year term life insurance policy worth $250,000. A 50-year-old pays an average of 65% more for the same policy, just because of the older age. A person who waits until they are 60 years old pays as much as 86% more for the same policy.

  • How much does the cost of life insurance increase for smokers?
    Smokers pay an average of 250% more for life insurance than non-smokers. Insurance companies do not consider a person a non-smoker until they have not smoked for at least 12 months.

  • What common medical conditions affect life insurance premiums?
    Life insurance companies base the premiums on the health of the person or the likelihood of them dying within the term of the policy. People with high cholesterol or blood pressure are a higher risk. Life insurance usually costs people with these health issues 50% more in premiums.

Average Cost of Homeowners insurance

The average person pays $3.50 per $1,000 of a home's value. A $500,000 home costs an average of $1,750 in homeowners insurance each year.

  • How much does an average claim increase your homeowners insurance premium?
    The average insurance company raises a person's premiums 9% after one claim. How much you pay depends on your location. Residents of Wyoming pay as much as 32% more in premiums after a claim. However, residents of Texas rarely see an increase after just one claim.

  • Which state has the highest and lowest homeowners insurance premiums?
    Florida residents have the unfortunate luck of paying the highest homeowners insurance premiums. However, they are also the state that boasts 13% of the nation's largest losses.

    Oregon residents luck out with the lowest homeowners insurance premiums. Their premiums are as much as 71% less than Florida's premiums.

  • What are the top ways to decrease your homeowners insurance premiums?
    The best way to decrease your homeowners insurance premiums is loyalty. Stay as long as five years with the same company and you'll receive an average 5% discount. Stay even longer and you could save an average of 10%.

    Loyalty isn't the only way to get a discount, though. Buying all of your insurance policies from one company can save you an average of 16% on your premiums. Auto insurance and homeowners insurance from the same company offer the largest savings of 16%.

    Lastly, beefing up your home's security can decrease your insurance premiums as much as 20%. The more frequently your system is monitored, the higher your discount.

  • What is the average cost of flood insurance added to a homeowners policy?
    Flood insurance is a separate policy from your homeowners insurance. Residents in a flood zone pay an average of $700 per year for the policy. Not everyone must buy this insurance, though. Just about 12% of homeowners in the U.S. have it. The premiums range from the highest premium in Rhode Island with $1,200 per year premiums and Maryland with $129 per year premiums.

Average Cost of Renters Insurance

Renters insurance isn't required, but it can be helpful. At just $190 per year, it can give you the peace of mind you need in the face of disaster.

You pay a premium based on the contents you have inside your home or apartment. The more belongings you have, the higher your premium. The size of the rental space also plays a role, as a larger space gives way to more injuries and potential liabilities.

  • Which states have the highest and lowest average renters insurance premiums?
    The highest renters insurance premiums are found in Mississippi. Even though we say the "highest," it's still just $262 per year. This is $1,488 less per year than homeowners insurance.

    You'll find the lowest renters insurance premiums in North Dakota. There, residents pay an average of $114 per year.

  • Does owning a pet increase renters insurance?
    Renters insurance often doesn't cover damages caused by a pet. The breed and your state of residence determine if you need a separate rider, which will increase your premium. Talk to your agent about the specifics of your state and the type of dog you have to make sure you are covered.

  • Is there a limit for personal loss on a renters policy?
    Don't make the mistake of assuming all of your personal belongings are covered on your renters insurance. If you have valuables, make sure you let the agent know. You may need a separate rider on those items to make sure you receive enough coverage should you need it.

Bottom Line

No matter the type of insurance you need, make sure you shop around. The averages can give you a guide, but your individual situation determines your actual premium.

Sources and References:

Average Cost of Insurance appeared first on CreditDonkey

Chase Premier Plus Checking Coupon Code

by Anthony Nguyen @ Bank Deal Guy

Need a checking designed to help you easily manage your everyday banking needs & earn internet? You can with the Chase Premier Plus CheckingSM Account. Need more than basic checking with online bill pay and mobile banking? Not only can this checking account earn you interest, but you’ll also save money on ATM fees and other select... Read More →

The post Chase Premier Plus Checking Coupon Code appeared first on Bank Deal Guy.

Pay Your Student Loans Off Faster by Sending All Your Extra Payments to the Principal [Free Letter Template]

by Stephanie @ Poorer Than You

This is the year! If I can max out all of my tax advantaged retirement-type accounts, then I’ll start paying extra to my student loans. The problem: I’ve already been sending “extra” money to my student loans with MOHELA (my student loan servicer) each month, and they weren’t applying that “extra” payment to the loan […]

The post Pay Your Student Loans Off Faster by Sending All Your Extra Payments to the Principal [Free Letter Template] appeared first on Poorer Than You.

Bury Your Money: Put Your Money & Investments in “Time Capsules”

by Jim Wang @ Wallet Hacks

When I started investing, I eased into it very gently. I didn't trust the stock market. I was comfortable with saving the money. I wasn't comfortable putting it in the “stock market.” My formative adult years started in 1998, the year I started college. I was going to Carnegie Mellon in Pittsburgh and studying Computer […]

The post Bury Your Money: Put Your Money & Investments in “Time Capsules” appeared first on Wallet Hacks.

Bank Of The West Review: $150 Checking Account Bonus

by Tony Phan @ MoneysMyLife

Get the latest Bank of the West bonuses and promotions here. There are branches in the following states: AZ, CA, CO, IA, ID, KS, MN, MO, ND, NE, NM, NV, OK, OR, SD, UT, WA, WI, WY. Typical promotions for Checking accounts have been for $150, $200 and $300. They also oftentimes have promotions for their investment services […]

How To Avoid Chase Bank Account Monthly Fees

by Hilary Tran @ Bank Deal Guy

Bank accounts are a useful way to track your transactions and keep an eye on all your expenses. Not only do you know that your money is safe, but you can also earn interest with the money that you have in your bank account. However, nothing is free and bank accounts come with the threat... Read More →

The post How To Avoid Chase Bank Account Monthly Fees appeared first on Bank Deal Guy.

Bank Deals, Bonuses, Promotions, & Offers - February 2018

Bank Deals, Bonuses, Promotions, & Offers - February 2018


Bank Checking Savings

Here are the best national bank deals, bonuses, promotions, and offers. You'll find the best banking perks with no fees, free checking, big cash offers. You'll find the best national bank promotions from both big and small banks both checking and savings accounts such as Chase Bank, Citibank, Bank of America, PNC Bank, Santander Bank, HSBC, Capital One, U.S Bank, Wells Fargo, and many more.

An In-Depth Review of Ally Bank’s Rates

by Sarah Li Cain @ MagnifyMoney

Since it spun off from General Motors auto financing in , Ally Bank has proved to be one of the best online-only banks in the industry. Like most online-only banks, Ally charges minimal fees for deposit accounts and requires low or no minimum balances. Rates on Ally’s checking, savings, CD and money market accounts are … Continue reading An In-Depth Review of Ally Bank’s Rates

The post An In-Depth Review of Ally Bank’s Rates appeared first on MagnifyMoney.

Firstrade Promotions

by Elizabeth Shutty @ Investor Junkie

Firstrade is one of the oldest online brokerage firms out there. It’s different than others because of its international nature. For example, it’s the only brokerage translated into Chinese. Also, investors from over 20 countries can open a Firstrade account and invest in the US financial markets. […]

Firstrade Promotions is from Investor Junkie Copyright © Empowering Media, Inc. All Rights Reserved.

$120 Bank Bonus – Open a Checking Account at Bank Mutual

by Bank Bonus @ Checking Account Promos

Bank Mutual bank promo code Find the checking account that’s right for you and earn a $150 Bonus at Bank Mutual. Bank Mutual is currently offering a $150 Bonus to open a new checking account online. Open one of four … Continue reading

United MileagePlus Explorer Card 50,000 Bonus Miles + $100 Statement Credit + 5,000 Bonus Miles When You Add an Authorized User + 2X Miles on United Airlines

by Anthony Nguyen @ Bank Deal Guy

When you open a United MileagePlus Explorer Card, you will earn 50,000 bonus points after you spend $3,000 on purchases in the first 3 months from account opening. Plus, as a travel benefit, you’ll receive 2 United Club passes each year for your cardmember anniversary – over a $100 value. To top it all off, you can get a... Read More →

The post United MileagePlus Explorer Card 50,000 Bonus Miles + $100 Statement Credit + 5,000 Bonus Miles When You Add an Authorized User + 2X Miles on United Airlines appeared first on Bank Deal Guy.

Best Bank Account Interest Rates - Summary for February 6, 2018

Best Bank Account Interest Rates - Summary for February 6, 2018


Deposit Accounts

These are the days when deposit accounts can be very appealing. When stock markets are tanking, it’s nice to know that nothing is dropping in your savings...

The 10 Best Vanguard Funds

by Jim Wang @ Wallet Hacks

I love Vanguard. The bulk of my investments are there, minus a few dividend growth stocks I hold in an Ally Invest account (formerly TradeKing). I'm not the only one. Of the top 25 largest mutual funds by assets, sixteen are from Vanguard (source). A clarification – many of the funds on the Marketwatch list […]

The post The 10 Best Vanguard Funds appeared first on Wallet Hacks.

Amazon vouchers & deals: Fire, Kindle and Echo price drop | top-up bonuses | Cheap Prime | Amazon Prime Now code | More!

by Andy Webb @ Be Clever With Your Cash

From Amazon vouchers and free trials of Amazon Prime to flash sales and tricks for free delivery. Let’s face it, Amazon is probably the one website that most people will use at some point each year, so it helps to have a voucher or discount stored up. Here are the best deals at the moment. Read […]

The post Amazon vouchers & deals: Fire, Kindle and Echo price drop | top-up bonuses | Cheap Prime | Amazon Prime Now code | More! appeared first on Be Clever With Your Cash.

Bank Of America Personal Checking Review: $300 Promotion

by Tony Phan @ Bank Bonus Guy

Bank of America has two personal checking account options to choose from, which I’ll review here, along with some current sign-up promotions. BOA Personal Checking review highlights: Current promotions Checking account comparisons This $300 bonus from Bank of America is for a new Core or Interest checking account and direct deposit is required. You must […]

Review of Barclays Online Savings and CDs

by Lindsay VanSomeren @ MagnifyMoney

Barclays is one of the largest and oldest banks in the world. In fact, it’s even older than the United States itself, having been founded by two London bankers in 1690. It’s been chugging along ever since, and while it’s still headquartered in the UK, they’ve branched out to become a multinational corporation with operations … Continue reading Review of Barclays Online Savings and CDs

The post Review of Barclays Online Savings and CDs appeared first on MagnifyMoney.

Get Free Money With These 5 Bank Promotions

Get Free Money With These 5 Bank Promotions


The Balance

Bank promotions that will get you hundreds of dollars of free money by opening new bank accounts such as savings and checking accounts.

HSBC Bank Deals, Bonuses, & Promotions: $100, $200, $350, $600, $750 Checking Offers

by Hilary Tran @ Bank Deal Guy

Check out our listing of HSBC Bank Deals of $100, $200, $350, $600, & $700 promotions. At HSBC they seek to build trust-based and lasting relationships with their many stakeholders to generate value in society and deliver long-term shareholder returns. HSBC Bank is available nationwide but has physical branches in the following states: CA, CT, DC,... Read More →

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US Bank Checking Bonus

by Bank Bonus @ Checking Account Promos

U S Bank Checking Bonus US Bank The U.S. BANK Easy Checking Account comes with a U.S. Bank Visa® Check Card, Online and Mobile Banking with Bill Pay, and other great features. Or you can open a Silver Checking Package, … Continue reading

Chase Bank Bonus Coupon Codes - $150, $200, $350, $500

Chase Bank Bonus Coupon Codes - $150, $200, $350, $500


Maximizing Money

Get $150-$500 in free cash with Chase Bank bonus coupon codes when you open a new Checking or Savings account with Chase Bank.

Discover Bank Promotions

by Bank Bonus @ Checking Account Promos

Discover Bank Promotions Discover Bank – Open a Discover Bank savings account online instantly and earn a rate 5x the National Savings Average with a low opening deposit and access to your cash anytime. You have to have a Discover Savings account or … Continue reading

Best Checking Account Promotions of 2015

Best Checking Account Promotions of 2015


Personal Finance Made Easy - Banking, Loans, Credit Card Advice | echeck.org

Want to know what the best checking account promotions of 2015 are? Then read our list

M&T Bank $200 Checking Bonus [AZ, CO, CT, DC, DE, FL, MD, NJ, NY, OR, PA, VA, WA, WV] (YMMV)

by Danny Nguyen @ Bank Deal Guy

If you are a resident in one of the following states: AZ, CO, CT, DC, DE, FL, MD, NJ, NY, OR, PA, VA, WA, or WV, M&T Bank is offering you a $200 bonus when you open a new personal Checking Account with promo code TE and completing certain requirements! Below is all the information and details you need to... Read More →

The post M&T Bank $200 Checking Bonus [AZ, CO, CT, DC, DE, FL, MD, NJ, NY, OR, PA, VA, WA, WV] (YMMV) appeared first on Bank Deal Guy.

Chase Bank $200 Checking Bonus [Many States]

by Danny Nguyen @ Bank Deal Guy

Ranking as one of the top banks in America, you are making the right choice banking with Chase! Opening a new Chase Total Checking® Account offers you the potential to earn a $200 Checking Bonus by applying in-branch ! With over 5,100 branches in AZ, CA, CO, CT, DC, FL, GA, ID, IL, IN, KY, LA, MA,... Read More →

The post Chase Bank $200 Checking Bonus [Many States] appeared first on Bank Deal Guy.

Compare the Best Savings Accounts in Australia for February 2018* | finder.com.au

Compare the Best Savings Accounts in Australia for February 2018* | finder.com.au


finder.com.au

What's the best bank to have a savings account? Compare the best compounding interest savings accounts for saving money. Our top 10 here.

Life Insurance Living Benefits Rider

by Ryan Guina @ Cash Money Life | Personal Finance, Investing, & Career

This article was originally published on Cash Money Life | Personal Finance, Investing, & Career at Life Insurance Living Benefits Rider.

Having life insurance in place can allow you the peace of mind in knowing that those who love and care about will not have to face financial hardship in the case of the unexpected. That is because, in addition to providing funds for replacement of income, the cash that life insurance offers can also be ... Read More about Life Insurance Living Benefits Rider

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All content copyright Cash Money Life | Personal Finance, Investing, & Career; if you are reading this on another website it has been illegally reproduced in violation of copyright laws.

$100 Bonus – BB & T Bank Checking Promotion

by Bank Bonus @ Checking Account Promos

BB & T Bank Bonus 2014 B & T Bank Checking Promo BB & T Bank Checking Promotions BB & T Bank Promo – $100 Checking Bonus Bank $100 Checking Bonus In order to qualify for BB&T Bank’s $100 bonus, … Continue reading

Chase Total Checking Coupon Code

by Anthony Nguyen @ Bank Deal Guy

The Chase Total Checking® account is Chase Bank’s most popular checking account, and one of the best checking accounts among all major banks. It’s also the most simple checking account offered by Chase and it’s very easy to use! Some great features that you can expect are online banking, bill pay, mobile banking services, plus... Read More →

The post Chase Total Checking Coupon Code appeared first on Bank Deal Guy.

TIAA Direct Bank Promotions: $50 To $200 Bonuses

by Tony Phan @ Bank Bonus Guy

Get TIAA Direct promotions, bonuses and offers here. Typical bonus offers are for $50, $100, $150 and $200. TIAA Direct is an online only bank, so there are no physical branches to visit. This, in turn, allows for fewer fees than your traditional brick-and-mortar banks, and accounts are available to everyone nationwide. TIAA Direct review […]

Automatic Rebalancing: Everything You Need to Know

by Roger Wohlner @ Investor Junkie

Even the most perfect asset allocation is not set-it-or-forget-it. On a periodic basis, you must rebalance your portfolio for the health of your retirement savings. Here's a way to do this automatically.

Automatic Rebalancing: Everything You Need to Know is from Investor Junkie Copyright © Empowering Media, Inc. All Rights Reserved.

The 8 Best Bank Promotions (Checking and Savings) in 2018

The 8 Best Bank Promotions (Checking and Savings) in 2018


The Dough Roller

Looking for the best checking accounts or savings accounts? These bank promotions can get you cash back when you open a new account and a top APR.

Bank Promotions June 2016: Checking & Savings Accounts

by Tony Phan @ Bank Bonus Guy

All the best bank promotions and sign-up bonus offers can be found here. You’ll find bank offers for Checking account promotions, Savings account promotions, and all the best Business account offers as well. We add/update these bank account promotions daily, so check back often for the best deals. There are hundreds of new bank account promotions out […]

Publix offering 90 days of generic meds for just $7.50

Publix offering 90 days of generic meds for just $7.50

by Theo Thimou @ clark.com

You probably already know that a lot of other retailers have offers of a 30-day supply of select generics for $4 or a 90-day supply for $10. Well, Publix is lowering that price to $7.50 for a 90-day supply.

Life Insurance and Millennials — What to Consider Now

by Barbara Marquand @ NerdWallet

Getting married, buying a house and having kids are all good reasons to purchase life insurance. But if other financial priorities keep getting in the way, there’s an economic consideration…

Is it worth going the extra mile to save money on petrol?

by Andy Webb @ Be Clever With Your Cash

Anyone who drives will have noticed the gradual creeping up of petrol prices. Prices at the pumps are actually at their highest since November 2014, with the average price last week 122.4p per litre, going as high as 150p per litre in some parts of the country. So it goes without saying that saving money on […]

The post Is it worth going the extra mile to save money on petrol? appeared first on Be Clever With Your Cash.

5,300 Wells Fargo employees fired over 2 million phony accounts

5,300 Wells Fargo employees fired over 2 million phony accounts


CNNMoney

Wells Fargo said on Thursday it fired 5,300 employees for creating ghost accounts over the past five years without the knowledge of customers. Regulators allege millions of these bank and credit card accounts were opened.

Metromile Insurance Review: Is It Legit?

by feedback@creditdonkey.com (Kim P) @ CreditDonkey

Low-mileage drivers have a pay-as-you-go insurance option with Metromile. Available in 7 states, your premium is based on miles driven plus a base rate.

Metromile puts traditional car insurance to the test for low-mileage drivers. The company recognizes that low-mileage drivers overpay for car insurance. Their solution is a usage-based insurance. They quote drivers a base rate that they determine based on their driving record, type of car driven, and age of the car. This is similar to how other car insurance companies calculate your rate.

The base rate is the only fixed rate. You then pay a premium based on the miles driven. Metromile tracks the miles with their Pulse device, which you place in your car. Each month, Metromile reads the device and bills you for the miles driven.

Who Is Metromile Best For?

  • Occasional drivers: Driving fewer than 10,000 miles per year can provide substantial savings on this pay-as-you-go insurance. If you drive more than 10,000 miles, though, the per mile rate can add up.

  • Tech savvy drivers: Keeping track of your miles driven, gas mileage, or time spent driving is easy with this program. If you keep the GPS activated on the device, you can track your car (ever lost a parked car?) and even get alerts when something is wrong with your vehicle.

  • Drivers who can handle varying insurance bills: Your insurance bill will likely fluctuate from month to month. This means you have to be adaptable. If varying bills drive you crazy or if you are bad at budgeting, it could be hard to keep up with the constantly changing bills.

Why We Like Metromile

  • Rates not based on driving habits: Your rates are not based on how fast you drive or how hard you brake. You know your base rate and your per mile rate upfront. You can even keep track of your miles driven on the app, so you always know where you stand. You can minimize the unpleasant surprises monthly bills sometimes contain.

  • No penalty for occasionally driving more than 250 miles in a day: Driving more than 250 miles in a day won't result in any penalties or large bills. This benefits you if you hit that many miles sporadically, but if it's a regular habit, though, this might not be the right insurance for you.

  • Tech-savvy applications: Savings isn't the only thing Metromile offers. With the Pulse device, drivers can see their speed on trips, how much gas for the trip cost, and even where they parked their car.

  • Get alerts regarding your car's check engine light: The Metromile app helps you decode your check engine light. It also helps you find a mechanic to fix the problem.

  • Full coverage available: You can get as much coverage as you want or as little as your state requires. Metromile offers bodily injury, property damage, uninsured/underinsured motorist, personal injury protection, comprehensive, and collision coverage.

  • Roadside assistance available: If you are stuck on the side of the road with a flat tire or broken down car, Metromile offers roadside assistance, such as towing, flat tire help, and lockout assistance. Each policy differs - you must inquire about the services that may pertain to you.

  • Pet protection available: Driving with pets can put them at risk for injury if you are in accident. You can add pet protection onto your insurance, giving you up to $1,000 coverage if your pet suffers injuries in the accident.

  • Privacy control: If privacy is a concern for you, it's possible to turn the GPS locator off the Pulse device. It won't provide you with any of the perks above, such as finding your parked car, but it will still give you the mileage tracker that helps you save on your car insurance.

Why You Might Look Elsewhere

  • Claims take a while to process: If there's one common theme about Metromile complaints, it's the speed at which they handle claims. You submit your claim online. Then you are at the mercy of the adjustor or customer service agent to call you when they get to your claim. This could mean waiting days or even weeks for a call back.

  • You drive more than 10,000 miles per year: You don't get to take advantage of the low mileage discount if you drive more than 10,000 miles per year. It might even cost you more to use Metromile if you are not well under the 10,000-mile average.

  • You are on a fixed income budget: Unless you drive the same number of miles every single month, which is unlikely, you'll have varying insurance bills. If you prefer fixed bills that you can predict each month, the pay-for-what-you-drive plan may not be a good fit.

Customer Service

Being just a few years old, Metromile is still trying to figure out the perfect way to handle customer service.

They do offer 24/7 claims service. But this basically means you can file your claim 24/7. You may not hear back from an agent for a while. When they do help you, though, Metromile provides you with a dedicated claims professional who will help you through the claim process. They also help you find repair shops near you to speed up the process.

Recently, Metromile introduced automated claims processing. Not only can you file your claim online, but you can also upload the data from your Pulse device to help process the claim. Metromile states that some claims can even be handled automatically, getting you payment right away. We tend to think this is reserved for very minor claims, but it's a nice feature nonetheless.

Customer Service Phone Number: 1-888-242-5204

Dashboard

Drivers can access information about their driving habits, including miles driven, the cost of routes taken, and gas mileage online. All you need is your ID and password to gain access to this information. Basically, the dashboard provides you with ways to save money. It does not, however, give you any feedback on your driving habits. If money is your main concern, the dashboard serves its purpose. If you want to lower your insurance rates based on your driving habits, you'll need to look elsewhere.

App

The Metromile app does many of the same things as the dashboard. The difference is you have access to the information on-the-go. The app takes things a step further though. It will tell you:

  • Your car's health status
  • Decode any check engine light warnings
  • Send alerts when street sweepers are cleaning the street you are parked on (certain cities only)

How It Compares

Low-cost insurance is something many drivers want. Perhaps Metromile's largest competitor in that arena is Geico. Known for its rock-bottom prices for standard insurance, Geico is a fierce competitor. It's not a pay-as-you-go policy, though. You pay the same premium every month based on your individual factors. But those rates are among the lowest in the industry.

Unlike Metromile, Geico offers discounts for various things aside from the multi-vehicle discount, such as:

  • Safety features on your vehicle
  • Good driving habits
  • Defensive driving classes
  • Customer loyalty

Geico is also available in all 50 states, whereas Metromile is still only available in 7 states. Metromile does have a "waiting list" on their website that you can sign up for. You will then be alerted when the insurance is available in your area.

Geico has been around for 80 years and Metromile is still in its infancy, barely hitting 5 years on the market.

If saving money is your main concern, Geico takes the cake for high-mileage drivers and Metromile has a slight edge for low-mileage drivers, assuming you aren't eligible for many other discounts.

Bottom Line

In our opinion, if you don't drive often, Metromile may save you money every month. City dwellers who drive only a few miles at a time see the greatest results. Metromile makes it very convenient to use their insurance and service with one simple device to plug into your car.

We suggest determining how many miles you drive on average per year and compare your cost with standard insurance policies. If you are close to the 10,000-mile threshold, you may want to consider other options. If you are on the other spectrum, though, paying only for what you use could come in handy.

Metromile Insurance Review: Is It Legit? appeared first on CreditDonkey

Banks Will Pay You Up to $400 Just for Opening a Checking Account

Banks Will Pay You Up to $400 Just for Opening a Checking Account


MONEY.com

But you'll have to jump though a lot of hoops to get the cash.

Average Savings Account Interest Rates for 2018: Compared Across Banks

Average Savings Account Interest Rates for 2018: Compared Across Banks


ValuePenguin

Find out whether your bank is offering competitive interest rates on savings accounts relative to the national average. We compiled the savings account interest rates at each of America’s largest banks.

The Best Online Savings Accounts in February 2018

by LaTisha Styles @ MagnifyMoney

Updated February 9, 2018 After years of low interest rates, there is a pricing war happening for online savings accounts. Long gone are the days of 0.01% APY. If you are willing to open an online savings account (which is FDIC insured), you can now easily get a 1.50% APY or higher. Interest rates are … Continue reading The Best Online Savings Accounts in February 2018

The post The Best Online Savings Accounts in February 2018 appeared first on MagnifyMoney.

Legacy Texas $200 Checking Bonus [TX] (Current Clients Only)

by Danny Nguyen @ Bank Deal Guy

Existing LegacyTexas clients now have the opportunity to earn a $200 checking bonus when you open a new Maximum Checking Account and meeting certain requirements. Below is all the information and details you need to earn your Legacy Texas $200 Checking Bonus! Legacy Texas $200 Checking Bonus Summary To earn your Legacy Texas $200 Checking Bonus, simply open... Read More →

The post Legacy Texas $200 Checking Bonus [TX] (Current Clients Only) appeared first on Bank Deal Guy.

Why Zipcar Might Just Be the Best Subscription Service Ever

by feedback@creditdonkey.com (Jake Mitchell) @ CreditDonkey Reviews

As a resident of Los Angeles, I am intimately familiar with all of the worst parts of owning a car: the cost of repairs and insurance, the late-night hunts for the cheapest gas at out-of-the-way filling stations, and the constant battle to find parking within a one-mile radius of your destination.

The expense and frustration often hardly seems worth it, especially in a world where you can tap an icon on your phone screen and have a car pick you up within two minutes.

But those rides are pricey, so I'm always on the lookout for cheaper, more convenient transportation options.

A Better Option

If you're lucky enough to live in a city that's walkable or has an extensive public transit system, you might not need to own a car to get to work or the grocery store. But what happens when you want to go further than usual?

Like me, you might go looking for better, more flexible transportation options. I'm here to point you in the direction of a great option that combines the flexibility and independence of renting a car with the ease of use of a ridesharing service: Zipcar.

HOW DOES IT WORK?

Zipcar is a car service that allows you to drive cars and pay either by the hour or by the day, depending on the kind of trip you want to take.

You'll find Zipcars in major cities all over the globe, usually parked in reserved spaces in public parking lots. Under the right circumstances, a Zipcar membership can save you hundreds of dollars over car ownership or rideshare services, provided you know its limitations and how to work within them.

Here's how it works:

  • You start by applying for a membership online.
  • Once you're approved, which will depend on your driving history, they'll send you a “Zipcard.”

The Zipcard acts like your key to the cars you reserve: just walk up to your chosen vehicle in the lot, scan your card across the sensor near the windshield, and the car will unlock.

You'll find the keys waiting for you inside. You can take your car for as little as one hour or as long as seven days, and when you're done, all you have to do is leave it in a designated Zipcar parking space for the next user.

Zipcar Membership

Now, all of this convenience isn't free. But with flexible membership plans, you can save quite a bit of money if you know exactly how you plan to use this service.

Memberships come in two flavors: a one-year membership and a month-to-month one.

This membership fee helps Zipcar provide insurance and gas for every vehicle so you don't have to worry about either of those things every time you hop behind the wheel. For the rental itself, you can pay by the hour or by the day, and Zipcar won't charge for mileage up to 180 miles. After that, though, you will incur a mileage fee.

Tip: Zipcar also has an app that you use to reserve your vehicle, which can be done up to a year in advance. That means it can require a bit of planning if you want to make sure a car will be available for you, but as long as you remember to make a reservation, the rest of the experience is a breeze.

HOW IT BEATS THE COMPETITION

Zipcar has its limitations, but the overall experience is a lot less frustrating and a lot more empowering than many of the alternatives. For example, renting a car through a traditional rental agency often involves a long wait to speak to an agent even after you've made your reservation, whereas Zipcar allows you to simply walk up to your car, scan your card, and hop in.

Ridesharing apps, meanwhile, might be convenient, but they don't offer the freedom of jumping into a car yourself and heading to any destination you choose. If you're taking multiple short trips, those ridesharing apps will get pricey fast, too, whereas Zipcar lets you get in and out almost wherever you choose without incurring additional costs.

If you live in a place that doesn't require you to drive your own car every day, but you still own one, you're paying for insurance and a parking spot that you might not even be using.

A Zipcar membership could end up being significantly less expensive than all of those costs if you only use your car once a week or so, and otherwise take public transit or walk. Low-usage car owners might want to consider cashing in their car and getting a membership instead.

THE FINE PRINT

Zipcar is not a one-size-fits-all transportation solution.

Given its reservation system, it does require some planning ahead.

If you overshoot your reservation and end up dropping your car off late, Zipcar may also charge you a fee for that. These fees can get hefty if you're extremely late, and can even eclipse the cost of one day's rental. You can also incur fees for passing through toll zones, returning the car with a low tank, or getting a traffic ticket. If you're not a fan of planning ahead or have trouble sticking to a schedule, Zipcar might not be the ideal solution for you.

The drawback to Zipcar is its number of locations in comparison to leading traditional car rental services.

While a city like San Francisco has Zipcar spots available in a large number of places, other cities and towns aren't so lucky. You may find that the nearest drop-off point is quite a hike from your actual destination. You also can't drop your car off in any old parking place; if you close your rental and leave the car anywhere but in a designated Zipcar parking spot, you'll incur a penalty on your bill. This means a little more planning to know where you'll have to park your Zipcar, and how you'll get from that location to your final destination.

THE BEST USES OF ZIPCAR

All that said, this is the perfect solution for a number of different transportation challenges.

  • Tourists and visitors to cities where Zipcar is active can use it to explore at their leisure without the hassle of dealing with rental car agencies.

  • Anyone who doesn't already own a car can easily grab one from their local Zipcar location and take a Saturday day trip out of town.

  • It's also an affordable option for those whose cars are in the shop or otherwise not always available; you'll always have a backup car ready and waiting for you.

It's not a replacement for public transit, but it is a fantastic, convenient, and very easy way to supplement your other modes of transportation. Knowing that you have the ability to grab a car should you need one adds a flexibility to life that can't be measured. It's not for everyone or every situation, but when used right, Zipcar can be one of the best, most convenient subscription services out there.

Why Zipcar Might Just Be the Best Subscription Service Ever appeared first on CreditDonkey

Chase Total Checking Account Bonus

by Liz Pham @ Bank Deal Guy

Right now, Chase Bank is offering a sign-up bonus when you open their Chase Total Checking® Account. This account is very easy to use and you’ll have access to many features such as online banking, bill pay, mobile banking services like Chase DepositFriendlySM ATMs nationwide, and more! With over 16,000 ATMs and 5,100 branches, convenience is definitely... Read More →

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Capital One Credit Card Offers

by feedback@creditdonkey.com (Anna G) @ CreditDonkey Reviews

Capital One is offering lucrative promotions for new credit card applicants. Which deal is right for you? Read this in-depth guide.

Capital One credit cards don't seem to get as much attention as other cards. But there are some excellent promotional bonus offers. And Capital One has an option for almost everyone, no matter what your credit is.

Capital One Promotions

Read on for the list of current card promotions for new applicants. Apply for a new Capital One credit card from this list and make the qualifying purchases within the specified timeframe to get the bonus promotion.

Tip: Have an existing balance to transfer? Read this Capital One balance transfer guide before you apply.

Cash Rewards Cards

Travel Reward Cards

Fair/Limited Credit

Bad/Limited Credit

Student Credit Card

In-Depth Guide to Capital One Credit Cards

Which Capital One Deal Is Right for You?

To pick the right card for you, consider the following factors:

  • Your credit score: The good thing about Capital One is that they offer credit cards for a range of credit scores. Your credit score will largely determine what card you're able to quality for. Below, we tell you the credit qualification for each card.

  • Annual fee: How often will you use your new Capital One card? Cards with annual fees usually offer more rewards or benefits. But before you apply for the credit card, think: will you realistically earn enough in rewards to make up for the expense?

  • Cash back vs travel miles: Cash back will allow you to use the rewards however you like. But if you like to travel, Capital One's travel reward cards allow you to earn miles for travel purchases and offer great travel benefits.

Tip: One thing we really applaud Capital One for is that they NEVER charge a foreign transaction fee. Many other banks charge a 3% fee for purchases made outside of the US. Capital One does not do this, so you can travel abroad with any of their cards.

Capital One Credit Card Offers for New Applicants

New Application: Before you apply for a new Capital One card, here are some things you need to know.

  • You can see which cards you're pre-approved for on Capital One's website.
  • You can only have 2 personal Capital One cards at a time.
  • You will not be matched to a higher bonus if a better offer comes along after your application. Make sure you're applying when the bonus is the biggest.
  • Capital One business cards do show up on your personal credit report as well.
  • Capital One does a hard pull from all 3 credit bureaus when reviewing your application.

We'll make your decision simpler with side-by-side Capital One offers comparisons below.

Earn Cash Back: Capital One Quicksilver Cards

If you'd prefer cash back, Capital One has two options: Quicksilver and Quicksilver One.

Both cards offer 1.5% cash back on all purchases. The difference is that they cater to people with different credit ranges.

  • Capital One Quicksilver (read review) is for those with excellent credit. It has a sign-up bonus of $150 if you spend $500 within three months of account opening. It also has a 9-month, 0% intro APR on new purchases and balance transfers (after that, variable APR is 14.24% to 24.24%).

  • In comparison, Capital One QuicksilverOne is for those with fair/average credit. It has no sign-up bonus and no intro APR. There is an annual fee of $39. But it's rare to find a reward card for those with fair credit. You can also get a higher credit line after making 5 monthly payments on time.

    To make up for the $39 annual fee, you would have to spend at least $2,600 in a year ($217/month) on your card. With 1.5% cash back on every purchase, that would equal $39, breaking even.

Travel Rewards Promotions: Venture Cards

If you like to travel, consider one of Capital One's travel reward cards. You earn "miles" that you can use towards any travel purchase on your statement.

Capital One offers two travel reward cards: Venture and VentureOne. Both give you travel miles, but one has more rewards and an annual fee.

  • Capital One Venture (read review) offers 2x miles on all purchases. You get 50,000 bonus miles (equals $500) if you spend $3,000 on purchases within three months of account opening. There is a $95 annual fee.

  • Capital One VentureOne has no annual fee, but offers less rewards. You get 1.25x miles on all purchases. You get 20,000 bonus miles (equals $200) if you spend $1,000 on purchases within three months of account opening. Another advantage is that it has an intro APR on purchases.

You generally need excellent credit for these travel reward cards.

Tip: Even though the Venture has a $95 annual fee, the much higher bonus and earning power will make it more valuable if you travel often. You will earn more rewards if you spend at least $12,667 a year ($1,056/month) on your card.

If you don't travel often, then consider whether a cash back card (like the Quicksilver) is better since it has no annual fee and gives you 1.5% back (instead of just 1.25x for the VentureOne).

Capital One for Students

Capital One offers the Journey Student Rewards credit card for college students. Having a card in college is great for building credit and covering necessities and emergencies.

It offers 1% cash back on all purchases. And if you pay on time, you can get a total of 1.25% back for the month. This teaches college students to be financially responsible early on.

It has no annual fee. You don't need to have prior credit history, but you may need a cosigner.

Capital One for Limited Credit

If your credit score is less than stellar, there are a couple of options for you too.

  • Capital One Platinum is for those with fair or limited credit. It's usually hard to get a credit card with no annual fee when you have lower credit. So it's great that Capital One provides this option. There are no rewards, though. You can get a higher credit limit if you make 5 monthly payments on time.

  • Capital One Secured may be your only option if you have bad or no credit at all. You need to put down a cash deposit, which becomes the "security." The good thing about Capital One's Secured card is that you may qualify for a higher credit line than your deposit. Depending on your credit history, you may only need to put down a $49 deposit to receive a $200 credit line.

    If you make 5 monthly payments on time, you can get a higher credit line with no additional deposit. There is no annual fee.

Capital One for Small Business

You don't have to be a large corporation to get a business credit card from Capital One. Are you a freelancer? Do you have a side gig?

You spend a lot of money running your business. Why not take advantage of that spend?

Capital One offers several small business cards for cash back and travel miles. Read on for the latest Capital One business credit card promotions.

Business Credit Cards with Cash Back

The Spark Cash has a lot larger bonus and you get more back for each dollar you spend. It's the better choice if your business spends more than $19,000 a year ($1,584/month). You will earn more net cash back even after the $95 annual fee.

If your business is new, you may like the no-annual-fee Spark Cash Select. It has a 0% intro APR on purchases for 9 months (after that, variable APR is 14.24% to 22.24%), which is great if you don't yet have steady cash flow.

Do you have average credit? Capital One also has the Spark Classic for business owners with lower credit scores. You get 1% cash back on all purchases and there is no annual fee.

Business Travel Rewards

If your business has travel needs, consider one of these travel reward cards instead. Remember, you don't exactly get "miles" to use with airlines. They're more like general travel points that you can apply toward any travel purchase on your statement (flights, hotels, car rentals, taxis, etc.).

Just like their cashback cousins, the Spark Miles is better if your business has higher expenses, while the Miles Select is better for new businesses.

Sign-up Bonus: Making Your Choice

Hopefully, certain bonuses stuck out for you as you looked down this list. Which card is the best fit for you depends on your spending patterns and what you hope to get out of your credit card. As with any credit decision, research is important to make sure you pick the card that's best for your specific financial situation.

Remember: as with all credit card and bank offers, terms and limitations apply.

Capital One Credit Card Offers appeared first on CreditDonkey

Editorial Note: This content is not provided by Capital One. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One.

Disclaimer: The information for the Capital One® Quicksilver® Cash Rewards Credit Card, Capital One® Spark® Classic for Business, Capital One® Venture® Rewards Credit Card, Capital One® QuicksilverOne® Cash Rewards Credit Card, Capital One® Spark® Cash for Business, Capital One® Spark® Miles for Business, Capital One® VentureOne® Rewards Credit Card, Journey® Student Rewards from Capital One®, Capital One® Spark® Cash Select for Business, Capital One® Spark® Miles Select for Business, Capital One® Platinum Credit Card, and Capital One® Secured Mastercard® has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

American Express Platinum Delta SkyMiles Business Credit Card Review: 5,000 MQM + 35,000 Delta Skymiles + $100 Statement Credit

by Anthony Nguyen @ Bank Checking Savings

The Platinum Delta SkyMiles Business Credit Card is currently offering 35,000 Delta Skymiles and 5,000 Medallion® Qualification Miles (MQMs)  when you spend $1,000 in purchases within the first 3 months. Additionally, you can get a $100 Statement Credit when you make a Delta purchase within the first 3 months. For every 5,000 bonus miles redeemed, that’s $50 off... Keep Reading↠

The post American Express Platinum Delta SkyMiles Business Credit Card Review: 5,000 MQM + 35,000 Delta Skymiles + $100 Statement Credit appeared first on Bank Checking Savings.

Everbank High Yield Checking Account

by Bank Bonus @ Checking Account Promos

Everbank New Account Bonus EverBank® Get Higher Yields Always with a Yield Pledge® Checking Checking Account. EverBank® offers a variety of bank products and services from an interest bearing to CD accounts and more! EverBank® pledges that your yield will remain … Continue reading

Which Southwest Credit Card is Right for You?

by feedback@creditdonkey.com (Anna G) @ CreditDonkey Reviews

Fly Southwest? You may want to consider a Southwest credit card from Chase. But which one is right for you? We break it down.

Southwest offers a couple of the best airline cards for domestic travelers.

If you fly Southwest at least a couple of times a year, consider one of the two co-branded credit cards offered by Chase: Southwest Rapid Rewards Plus and Southwest Rapid Rewards Premier.

Both cards offer a high sign-up bonus and good reward potential. The Plus has a lower annual fee but is not ideal for international travel. The Premier is the more upscale version with slightly better rewards.

Which makes more sense?

We'll do a full run-down comparing the two cards, so you can make your own choice.

Overview: Southwest Plus and Southwest Premier

Before we start comparing, let's go over how the two cards work in a nutshell. Both cards give you the same sign-up bonus and reward points. There are a couple of major differences:

  • The Southwest Plus card has a $69 annual fee. You get 3,000 bonus points each anniversary year. There is a foreign transaction fee.

  • The Southwest Premier card has a $99 annual fee. You get 6,000 bonus points each anniversary year and earn points toward elite tiers. There is no foreign transaction fee.

Now, with these major differences in mind, let's go over why you may prefer one over the other.

Note: Chase has a 5/24 rule, which means that if you've opened 5 credit card accounts in the past 24 months (from any bank), you will not be approved for a new card. The Southwest cards fall under this rule.

Why Either Card Is a Good Choice

Both cards are designed to earn Rapid Reward points, which can then be redeemed for Southwest award flights (more detail in the next section). With both Southwest cards, you get:

  • Sign-up bonus. You can earn 50,000 points after you spend $2,000 on purchases in the first 3 months of account opening.

  • 2x on Southwest purchases. You get 2 points per dollar spent on Southwest purchases, including participating Rapid Rewards hotel and car rental partner purchases. You get 1x per dollar on all other purchases.

  • Points for balance transfers. You get 1 point for each $1 in balance transfers made within the first 90 days of account opening (up to $10,000 for the Plus, and $15,000 for the Premier). Most credit cards don't let you earn points for balance transfers.

  • Earn points toward Unlimited Companion Pass. If you earn 110,000 Rapid Reward points in one calendar year, you can name one companion to fly free with you on unlimited Southwest flights until the end of the following year. This is one of the best companion deals out there. With the sign-up bonus alone, you're more than a third of the way to the Companion Pass.

    Note: Only points earned with the Southwest credit cards qualify towards a Companion Pass. So, for example, if you have the Chase Sapphire Preferred and transfer points to Southwest, they won't qualify.

  • Bags fly free. Your first and second checked bags are free.

  • No blackout dates, seat restrictions, or change fees. You can use your miles to book any seat on any flight. And if you need to change the date of a flight, there's no change fee (though you will still need to pay the fare difference).

  • Rewards never expire. Your miles never expire as long as your card account remains open.

Who the Southwest Plus Card Is Good For

If you're an occasional domestic flyer (you fly Southwest just a few times a year), then this card is probably good enough for you. Since both cards have the same sign-up bonus and reward earnings, the Plus will save you money with a smaller annual fee.

Remember, it also gives you 3,000 points every anniversary year. This doesn't fully cover the annual fee, but it makes it easier to swallow.

Why the Southwest Rapid Reward Premier Card Is Superior

If you fly Southwest more often, the Premier card may be better for you. Here are some other perks that come with the Southwest Premier:

  • Tier qualifying points (TQPs): For every $10,000 spent on the card (on eligible purchases), you earn 1,500 TQPs. You can earn up to 15,000 TQPS per year. TQPs can be used for Rapid Rewards elite status.

    • If you achieve A-List status (35,000 TPQ per year), you get: priority check in, security, and boarding; dedicated phone line; free same-day standby; and 25% earnings bonus on Southwest flights.

    • If you achieve A-List Preferred status (70,000 TPQ per year), you get the above plus: free in-flight Wi-Fi and 100% earnings bonus on Southwest flights.

  • 6,000-point anniversary bonus: You get a bonus 6,000 points every year on your account anniversary. 6,000 points could be worth a flight around $100, so this already justifies the higher $99 annual fee.

  • No foreign transaction fee: The Premier card has no foreign transaction fee for purchases made abroad.

Do you own a business? There is also a business version of the Premier card – the Southwest Rapid Rewards Premier Business Credit Card.

Both Do Have Downsides

Keep in mind some of these downsides for both cards:

  • No priority boarding. Unlike other co-branded airline cards that give you priority boarding just for owning the card, the Southwest cards don't include this perk. The only way to get this perk is to earn enough TPQs in a year to qualify for elite status.

  • High APR. Neither card has an introductory APR offer for purchases or balance transfers. The regular APR is quite high, so make sure you are able to pay off the balance each month.

  • You only get bonus points for Southwest flights, and hotel and car rental partners. Unless you fly Southwest a lot and use their hotel and car rental partners, it may be hard to rack up points. If your goal is to earn points faster, then consider whether the Chase Sapphire Preferred may be a better fit. It gives you 2x points on travel and dining purchases. Then you can transfer the points 1:1 to Southwest (but they won't qualify for the Companion Pass).

  • You can only redeem on Southwest flights. This isn't much of a problem if you take a lot of Southwest flights. But if you want more flexibility or want to travel to places Southwest doesn't go, then think about whether it's better to get a general travel rewards card that lets you use any airline.

  • The Plus card has a foreign transaction fee. The Plus card charges a foreign transaction fee on purchases made out of the country (3% of each transaction in U.S. dollars on purchases). However, the Premier card has no foreign transaction fee, so it is better if you travel internationally.

How to Use Southwest Rapid Reward Points

Both cards earn Rapid Reward Points, which you can redeem towards any Southwest flight, with no blackout dates and no seat restrictions.

Using your points is very easy. Simply sign in to your Rapid Rewards account (create it for free) to book travel, and select the option “Points.”

You will then see the flight options listed in points. You can also toggle back and forth between dollars and points to compare the points value.

Southwest has three types of fares. Wanna Get Away is the cheapest fare. It's nonrefundable, but can be cancelled for credit good up to 1 year from purchase date. Business Select and Anytime fares are fully refundable.

So what are Rapid Reward points worth?
Southwest points have pretty good value, especially for the Wanna Get Away fights. We find that, generally, each Rapid Reward point is worth between 1.6 and 2.0 cents. This means that 10,000 points could be redeemed for a flight that costs around $160 - $200.

For example, in the sample flight above from Los Angeles to Seattle in March 2018, the highlighted flight costs 4,248 points. If you were to buy it with cash, it costs $86. That means the point value of the flight is 2.02 cents.

You don't pay any taxes or surcharges for domestic flights, except for the $5.60 Security Fee in each direction.

Do You Fly Other Airlines?

Not a frequent Southwest flyer? If there's another airline you prefer instead, consider these cards:

Bottom Line

So, which Southwest card is right for you? Since both cards give the same sign-up bonus and have the same reward structure, which is better?

If you fly Southwest just a few times a year domestically, the Plus card will do the job just fine. If you travel to any of Southwest's international offerings, you'll want the Premier card as it has no foreign transaction fee. It also has a larger anniversary bonus each year, which helps justify the $99 annual fee.

Which Southwest Credit Card is Right for You? appeared first on CreditDonkey

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Southwest Rapid Rewards Premier Credit Card, United MileagePlus Explorer Card, Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®, and Southwest Rapid Rewards Plus Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Best Bank For Small Business? These 4 Top The List

Best Bank For Small Business? These 4 Top The List


Fundera Ledger

If you’re ready to get serious about your business, you’ll want to set up a business bank account. Use this guide to find the best bank for small business.

Discover Bank Review: CD Rates and Savings

by feedback@creditdonkey.com (Lee M) @ CreditDonkey Reviews

Discover offers high interest rates on its online savings and CD accounts. But there are some downsides. Here's what you need to know before you open an account.

Traditional savings accounts pay very little interest. If you want to earn a more impactful return on your savings, online banks often offer higher rates.

In this article, we will look at how you can use Discover's Online Savings Accounts and CDs to help grow your savings.

How It Works

Discover offers high yield savings accounts and Certificates of Deposit (CDs). Both earn a higher interest rate than a typical savings account. However, the two products work in fundamentally different ways.

  • Discovers Online Savings Accounts can earn up to a 1.40% annual percentage yield (APY). They work much like typical savings accounts, except that Discover does not have any physical branch locations.

  • Discover's CDs require you to deposit your savings for a set period of time. Withdrawing funds from a CD before the term has ended will incur a penalty. Also, CDs often have a higher minimum deposit than savings accounts. Due to these requirements, some CDs earn a higher APY than savings accounts.

Now that we've covered the basics, let's get into the specifics.

Discover Bank Promotions: February 2018

Online Investor Savings

Discover is an online bank, so they don't have many of the overhead costs that brick-and-mortar banks do. This allows Discover to offer no minimum deposit and a high APY on its Online Savings Account. Here are some additional details:

  • 1.40% APY
  • No minimum deposit
  • No account opening fees
  • No monthly maintenance fees
  • Daily compounding interest
  • Free online and mobile banking
  • FDIC insured

As with any savings account, you'll be limited to 6 withdrawals per month. This is a federally-imposed limitation.

If you need to withdraw money from your Discover savings account, you have a few options: internal Discover transfers, external transfers to another bank, wire transfers, and mailed checks.

Is Discover Safe?: Discover is FDIC insured. This means that if Discover defaults, the federal government guarantees the balance in your savings account, up to $250,000.

Certificate of Deposit (CD)

For CDs, you must deposit a fixed amount of money for a fixed amount of time.

There are a few key factors to consider when deciding on a CD: the term length, the minimum deposit, and the APY. Discover also offers some retirement account qualified CDs, which can be a good option to supplement your retirement savings. Contact your financial professional to see if these retirement options are right for you.

Here are your options:

  • Term CDs: Discover's basic CDs are available in 3, 6, 9, 12, 18, 24, 30 months, and 3-, 4-, 5, 7- or 10-year terms. They require a minimum deposit of $2,500, and their APY range from .35% to 2.45%.

  • IRA CDs: Discover offers a retirement account qualified CD option as well, if you qualify. Both Roth (post-tax) and Traditional (pre-tax) options are offered. Terms and APY of these products are similar to that of Discover’s term CDs.

Why We Like Discover

Here are a few things that we like about Discover's online savings accounts and CDs:

  • Low minimum deposits: If you have just started saving or want to set aside a small balance, Discover can be a great choice. Their Online Savings have no minimum balance requirements at all. Their deposits for term CDs and IRA CDs are some of the lowest in the industry.

  • High rates: Discover's Online Savings offers such a high APY that it outperforms some of their short-term CDs. This is great news for anyone looking to save, but especially for those who can't pay the high minimum deposits that some other banks require. And if you meet a higher minimum deposit, you can earn as much as 2.45% APY on a CD, depending on term length.

  • Minimal fees: Discover cuts out many fees that other banks profit from. For example, you will not be charged any account opening or maintenance fees.

  • Retirement options: Discover offers IRA CDs, which can be utilized in a retirement planning strategy.

Reasons You Might Skip Discover Savings

For all of Discover's advantages, there are some downsides that need to be considered:

  • No branch locations: In exchange for the high interest rate on your online savings account, you are required to do your Discover banking online or over the phone.

  • No ATM card: Discover Savings does not provide an ATM card for easy withdrawals. This could be a good thing so you’re not tempted to spend your money. But if you like that convenience, look into their Money Market account instead. Or there are some other online savings accounts that come with an ATM card.

  • No Relationship Rewards: Some retail banks in the U.S. are now offering relationship bonuses to incentivize their customers to keep all of their business in one place. If you move your savings balance to Discover from your retail bank, you may miss out on some of these relationship bonuses. Contact your bank for more details.

Common Questions

If you're still interested, you probably have some questions. We'll clear up some of the basics here:

  • Should I open a CD or savings account?
    This is a really broad question and everyone has different investment goals. The decision comes down to how much you're looking to set aside, how much risk you are willing to take, and how much you'll need to access your savings.

    If you can commit to not touching your savings for at least 1 year and can meet the minimum deposit, you may be able to earn a higher interest rate with a CD versus a savings account. If you need liquidity, a savings account gives you more flexibility to withdraw your savings when needed.

  • How can I deposit funds with Discover Bank?
    For savings accounts, there are a few ways to deposit funds: deposit checks with your mobile device, transfer from Discover checking, transfer from an external account, mail a check, or set up a direct deposit to your new account. For term CDs, you can transfer from Discover checking, transfer from an external account, transfer by phone, or mail a check. For IRA CDs, contact Discover for instructions on how to fund a Discover IRA account.

  • What is the penalty for early withdrawals from Term CDs?
    It depends on the term of your CD. Here's how it breaks down:

    • Terms less than 1 year: 3 months' interest on the amount withdrawn
    • Terms from 1 year to <4 years: 6 months' interest on the amount withdrawn
    • Terms over 4 years to <5 years: 9 months' interest on the amount withdrawn
    • Terms over 5 years to <7 years: 18 months' interest on the amount withdrawn
    • Terms over 7 years and greater: 24 months' interest on the amount withdrawn

Bottom Line

If you're ready to start building your savings, then you should consider if Discover's Online Savings Accounts or CDs are right for you.

Even if you only have $1 in savings, you can start earning interest in a high yield savings account. Or, if you have at least $2,500 set aside and aren't concerned about liquidity, you can earn an even greater return with a CD.

Discover's savings offerings might not be the right savings product for you, but if you're looking to earn interest above that of a standard savings account, opening a savings accounts or CD from Discover is an investment option worth considering.

Discover Bank Review: CD Rates and Savings appeared first on CreditDonkey

Disclaimer: Opinions expressed here are those of the author's alone. Please support CreditDonkey on our mission to help you make savvy financial decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

Chase Freedom Credit Card $150 Bonus + 5% Quarterly Cash Back + No Annual Fee

by Anthony Nguyen @ Bank Deal Guy

Compare this card with other cash back cards here. With the Chase Freedom® Card, you can earn a $150 bonus after you spend $500 on purchases during your first 3 months of opening an account! Additionally, you can enjoy a 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited... Read More →

The post Chase Freedom Credit Card $150 Bonus + 5% Quarterly Cash Back + No Annual Fee appeared first on Bank Deal Guy.

Study: Nearly 60% of millennials say social media influences their purchases

Study: Nearly 60% of millennials say social media influences their purchases

by Craig Johnson @ clark.com

Social media has shaped our lives in major ways for most of the past decade, affecting everything from what we watch on TV to how we consume news to even what we wear. Its influence on our lives has not …

Review: Buying and selling gift cards with Zeek

by Andy Webb @ Be Clever With Your Cash

Buy unwanted gift vouchers and gift cards at discounted prices, then use them to double up on other sales and promotions. I use Zeek a lot. So much so that I wouldn’t be surprised if I’ve bought more discounted gift cards than anyone you know… which possibly gives away the verdict at the end of […]

The post Review: Buying and selling gift cards with Zeek appeared first on Be Clever With Your Cash.

Huntington Bank $300 Business Checking Bonus [IN, KY, MI, OH, PA, WV, IL, WI]

by Danny Nguyen @ Bank Deal Guy

If you’re interested in banking at Huntington, you can earn a Huntington Bank $300 Business Checking Bonus when you open their Fast Track Business Checking Account currently available in Ohio, Michigan, Indiana, Pennsylvania, Kentucky, West Virginia, Illinois, and Wisconsin. Get the right business checking account, whether you’re starting out or starting to expand. Huntington has checking options to meet your needs,... Read More →

The post Huntington Bank $300 Business Checking Bonus [IN, KY, MI, OH, PA, WV, IL, WI] appeared first on Bank Deal Guy.

Fidelity Go Review: Robo-Advisor With Low Management Fees

by Tony Phan @ MoneysMyLife

Brought to you by the well-known firm, Fidelity Investments, Fidelity Go is a robo-advisor that offers a clear pricing structure that is somewhat different to its rivals, giving you an all-inclusive fee that impressively covers all investment expenses too.  This is one of its most significant benefits as it gives you access to all of […]

How to Get Started with the Chase Mobile App

by Anthony Nguyen @ Bank Checking Savings

Chase Mobile is the mobile banking app for customers of JP Morgan Chase Bank, and it’s available for Android, iPhone, Windows, and Amazon Fire. The app offers a number of convenient features and can complete almost all of your personal banking tasks. Some of you guys out there may have trouble getting started with this app, so... Keep Reading↠

The post How to Get Started with the Chase Mobile App appeared first on Bank Checking Savings.

LifeLock Review: Is It Worth It?

by feedback@creditdonkey.com (Kim P) @ CreditDonkey Reviews

Protecting yourself against identity theft seems like it's worth its weight in gold. Do you really get as much protection as you think with services like LifeLock? Find out below.

Last year more than 143 million people had their personal information exposed during the Equifax hack. This demonstrates just one of the thousands of security breaches that happen each year. LifeLock claims to protect your identity from these types of incidents beyond what a basic credit freeze offers.

LifeLock claims to monitor more than just your credit. They monitor the dark web, unauthorized address changes, online scams, and public records. The depth of the monitoring you get depends on the chosen plan. LifeLock also offers identity theft restoration services and 24-hour customer service.

With a LifeLock membership, you can monitor one driver's license number and Social Security number. But you can monitor up to 10 credit cards and/or bank accounts. You may also enter up to five home addresses, email addresses, and phone numbers.

Who Is LifeLock Best For?

  • If you are at high risk for identity theft: Consumers who aren't proactive in their attempts to protect identity theft may benefit from the service. While LifeLock can't prevent identity theft, it can alert members of a breach. Think of it like an alarm system. The crime has been committed, but now you can attempt to minimize the damages.

  • If you don't know how to recover from identity theft: Identity theft is overwhelming. Victims must take several steps to stop the perpetrator from doing more damage. There could also be damages that must be undone, such as unauthorized accounts opened in their name or fraudulent use of medical insurance/benefits. LifeLock's bread and butter is their restoration services, helping victims put their lives back together.

  • If you don't regularly check your credit and/or financial accounts: Checking your credit reports, monitoring bank statements, and watching your credit card accounts is time-consuming. If you aren't vigilant about watching these accounts, LifeLock may give you a little peace of mind knowing you may receive an alert if something is amiss.

Why We Like LifeLock

  • Learn of a breach early: There's no foolproof way to prevent identity theft or fraud. What LifeLock offers, though, is quick notification of certain adverse actions on your accounts. This gives you the chance to try to minimize the damages before they get out of hand.

  • Restoration services help repair the damage: After you experience identity theft or fraudulent account activity, LifeLock's agents offer their services in fixing the problem. They may not be able to fix everything, but having their expertise on your side may help.

  • Reimbursement for loss funds: Each of LifeLock's plans offer coverage, similar to an insurance policy for lost or stolen funds. However, their reimbursement is subject to many restrictions, especially if another insurance policy or financial institution will cover the loss.

  • User-friendly platform and app: Members can access the LifeLock member portal on their PC, laptop, or mobile device. In the platform, members have access to their account information as well as all alerts, whether critical or non-critical. Members can view the alerts at their leisure and determine what/if anything they must do.

  • Multiple alert options: LifeLock offers several alert options to make sure you are aware of a potential situation. They offer alerts via phone, email, and text. You can also customize the alerts you receive, changing thresholds for various accounts based on your needs.

  • 24/7 customer service 365 days a year: LifeLock representatives are available for questions and concerns 24/7 every day of the year. However, any restoration services are only available during business hours.

  • Lost Wallet Protection: Losing your purse or wallet may put you at risk for identity theft and/or credit card fraud. LifeLock offers assistance in handling the tasks necessary to stop anyone from using the lost information. They include this service in all 3 plans.

  • Scans a trillion data points regularly: LifeLock claims to scan a trillion data points daily. The exact data points they scan will determine how well it protects you. However, it's likely more than you would scan yourself, and even a small bit of protection may help.

  • Monitors accounts rather than freezes them: A credit freeze prevents thieves from accessing your credit information moving forward. If you were already hacked, though, the criminals have what they need. Monitoring may help alert you of any new activity even after you freeze your credit.

Why You Might Look Elsewhere

  • Only one credit bureau monitored with the first two plans: You have to pony up and pay for the most expensive plan to get monitoring of all three credit bureaus. Since not all companies report to all three bureaus, you may not have the protection you need.

  • Limited coverage guarantee: Despite their million dollar coverage guarantee, there are many limitations. If your identity is stolen or accounts hacked into, it must be due to some failure or defect on LifeLock's behalf for the guarantee to take effect. If LifeLock did what they promised and you still got hacked, the guarantee may not apply.

  • No family plan: If you want to protect more than one family member, such as a spouse or child, you have to pay for separate plans. This could get costly depending on how many family members you want to protect.

Plans

All plans include the following:

  • Dark web monitoring
  • LifeLock Privacy Monitor
  • Notification of unauthorized address changes
  • Lost Wallet Protection
  • Alerts for Social Security number breaches

In addition to the basic features, LifeLock has three tiers to choose from:

  • LifeLock Standard: As the cheapest plan available, this plan monitors one credit bureau and provides up to $25,000 reimbursement for stolen funds.

  • LifeLock Advantage: The mid-plan still only monitors one credit bureau, but they also provide the credit score from that bureau. It also offers bank account and credit card monitoring and notifications of data breaches. LifeLock will also provide crime reports for your area and report on any fictitious identity issues.

  • LifeLock Ultimate Plus: The largest plan offered provides all of the above benefits, plus monitoring of all three credit bureaus with credit scores. You may also request monthly credit scores from one credit bureau; however, it is the Vantage 3.0 score, not FICO. You can also opt to have certain investment accounts monitored and receive alerts of bank account takeovers. LifeLock also provides priority customer service for Ultimate Plus members.

Keep in mind: LifeLock does not do business with all banks, credit card companies, or financial institutions. Their scans may miss issues with specific companies if they are not within the LifeLock network.

Customer Service

LifeLock's customer service seems to be where they shine. With accessibility around-the-clock, either on the phone or online chat, customers can ask questions and address concerns any time of day or night. If you experienced identity theft of credit card fraud, you'll need to wait until business hours to secure any restoration services, though. Chances are this is due to the representative's need for access to the bank and credit card companies that operate during business hours.

LifeLock also offers a breadth of customer service options online. Their member portal is user friendly and provides all up-to-date information about your account statuses. Their website also offers a multitude of resources that may either answer your question or help you figure out what to do next.

Customer Service Phone Number: 1-800-416-0599

How to cancel: If you obtained your LifeLock service directly from LifeLock, call 1-800-LIFELOCK (543-3562). You can also cancel via your member portal. If you obtained the service through a third-party, you must contact the third-party to cancel.

How It Compares

  • Identity Guard: With Identity Guard, you get basic identity protection with the exception of driver's license number monitoring. They offer a breadth of services that monitor what happens on your accounts, but they lack the restoration services needed to pick up the pieces. Their customer service is more of an "advice line" than professionals fixing the problem.

  • ID Shield: With ID Shield, you get a $5 million guarantee if your identity is stolen, and you can monitor up to 2 adults and 8 children on one plan. However, they only monitor one credit bureau (TransUnion), no matter which plan you choose. In the event that your identity is stolen; however, you have access to private investigators who also help you restore your identity and/or accounts.

  • IdentityForce: With IdentityForce, you get more than financial protection. They monitor social media sites, blogs, and court records too. Their most basic plan includes most everything LifeLock's most expensive plan offers. However, they do not offer a family plan.

Bottom Line

So is LifeLock worth it?

If you are willing to pay for credit monitoring because you won't do it yourself, it may give you a little more protection against identity theft. Keep in mind that there's no way to completely prevent someone from stealing all or part of your identity. If you are not proactive in keeping your passwords secure and monitoring your accounts on a regular basis, it might be worth the peace of mind to know when something is amiss.

LifeLock Review: Is It Worth It? appeared first on CreditDonkey

Chase United TravelBank Card $150 Bonus + No Foreign Transaction Fee + No Annual Fee

by Danny Nguyen @ Bank Deal Guy

Compare this card with other travel related cards here. With the United℠ TravelBank Card, you can $150 in TravelBank cash after you spend $1,000 on purchases in the first 3 months your account is open. In addition to the bonus incentive, you will earn 2% in TravelBank cash per $1 spent on tickets purchased from United and 1.5%... Read More →

The post Chase United TravelBank Card $150 Bonus + No Foreign Transaction Fee + No Annual Fee appeared first on Bank Deal Guy.

Rize Promotions – $5 Sign-up Bonus and a Chance to Win $1,000!

by Elizabeth Shutty @ Investor Junkie

Rize, a donation-based microsavings service, wants to give you $5 for signing up. The company has been around since April of 2017 and is quickly gaining popularity because it’s one of the few microsavings services that actually pays interest on your savings. […]

Rize Promotions – $5 Sign-up Bonus and a Chance to Win $1,000! is from Investor Junkie Copyright © Empowering Media, Inc. All Rights Reserved.

Hard Pull Vs. Soft Pull Data For Opening Top Bank Accounts

by Tony Phan @ Bank Bonus Guy

Here’s a guide on which Banks will do a Hard or Soft credit inquiry when opening new Checking, Savings and Business accounts. This is important when you’re looking to take advantage of new bank promotions offering cash at sign-up. You’ll want to be careful about getting too many Hard inquires if you’ll be applying for […]

Best Discount Broker

by feedback@creditdonkey.com (Kim Pinnelli) @ CreditDonkey Reviews

The best online broker offers low fees, great customer service, and smart research tools. Find the best discount brokerage to consider.

Discount brokers charge as little as $4.95 for online trades. Compare that to the $100+ that many full-service brokers charge. It seems like a no-brainer choice to choose the discount broker. But, you must know how to pick the right one.

Because trading online is a self-directed practice, you need the right broker backing you up. Read our in-depth guide on our choices for the top discount brokers today.

What Is a Discount Broker?

First, let's look at the definition of a discount broker.

As the name suggests, discount brokers cost much less than a full-service broker. But, their services are much more limited. Basically, they execute your orders to buy or sell your investments. They do not provide advice. In other words, you won't speak to a person when you execute your trades. The upside? You won't have someone trying to upsell you or get you to invest in things you don't want to invest in.

However, this does not mean you don't get support. Many discount brokers do offer in-person customer service for those times when you are better off talking to someone. Plus, many of them offer online resources and tools. Some even have tutorials or mock trading platforms to help you get the hang of investing.

The bottom line is a discount broker costs you much less money per trade. You won't have the steep commissions that full-service brokers charge. What this means is more cash in your pocket and the opportunity to make more trades.

Why Use a Discount Broker

So why would you choose a discount broker over a full-service broker? The main reason is the cost. But here we will break down who would do better with a full-service broker and who could get by with a discount broker.

Who Needs a Full-Service Broker?

If you answer "yes" to the following questions, you may be better off with a full-service broker:

  • Do you have a large number of large investments?
  • Do you not have time to manage your portfolio effectively?
  • Do you not have the desire nor the know-how to handle your portfolio?
  • Can you afford high commission fees?

If you answered "yes" to each of these questions, a full-service broker might be the best option. Expect to pay between $150 and $200 for each trade, though.

Watch out for annual fees and/or maintenance fees in addition to per trade fees. Full-service brokers often include these charges in their agreement.

Who Needs a Discount Broker?

Typically, the "average" investor does just fine with a discount broker. Answer the following questions to see if you qualify:

  • Do you want to save money on each trade made?
  • Do you like to be in control of your investments?
  • Do you not want to be bothered with upselling or pressure to take other investments?
  • Do you make frequent trades?

If you answered "yes" to these questions, you may fare just fine with a discount broker.

What to Look for in a Discount Broker

Once you decide a discount broker is the way to go, you still have many decisions you must make. A quick search online will give you many options. Before you get overwhelmed, consider the most important factors:

  • Cost: This probably goes without saying. You want a broker that you can afford, but don't jump at the cheapest broker just yet. Consider all of the fees, not just the advertised ones. You might find a broker that advertises super low commissions, but doesn't readily advertise the other fees. Call them hidden fees or extra fees; the bottom line is that they cost you more than what's advertised. Ask about annual fees, maintenance fees, inactivity fees, and transfer fees.

  • Minimum deposit/balance: Some brokers require a minimum deposit to open the account. Others don't have a minimum. Yet others require a minimum average balance over the life of the account. Determine what you can afford to keep in the account if choosing accounts with a minimum requirement higher than $0.

  • Customer service: The level of customer service you want is a personal decision. Take a trial run on any broker's website that you are considering. Check out the support they have readily available on their website. But you should also email and call them with questions. See how long it takes to get an answer. This can help you decide which broker provides the level of support you need.

  • Tools: Online brokers offer a varying amount of tools. They include retirement calculators, market analysis, comparison charts, and research tools. Consider whether you need in-depth research tools or if you are a more basic investor. There are online brokers for both types of investors. Knowing what will help you be successful will help the decision.

Best Discount Broker

Here are the top discount brokers according to our research.

Best Discount Broker for Investors on a Budget

Ally Invest is one of the cheaper discount brokers, but they offer barebones services. It's best for beginning investors with an education in trading stocks and bonds. You won't receive a lot of guidance, but you also won't receive a lot of bells and whistles. This is why we recommend it for the new investor who understands the markets.

We love the fact that every trader gets access to the trading platform. On the dashboard, you'll have access to quotes in real-time and as much information as you want. You can filter your results to suit your needs. If you want full information on one security, you can get as many details as you want on it. Would you rather compare two or more securities on one page? You can do that too - you are in full control of what you see.

If you love research and advice, you'll get that and more with the community forums on Ally Invest. Do you want to rub noses with the industry experts or see what other traders are trading? You can do this and more with Ally Invest's forums. You can obtain feedback on your strategies, check out the 50 most active stocks at any given time, and chat with other investors.

Best Discount Broker for Research

TD Ameritrade may charge more than some of the cheaper alternatives, but they offer unparalleled research options. No matter how large your portfolio, you have access to the ThinkorSwim platform. What is normally a "premium platform" with other brokers is available to every investor with TD Ameritrade. The platform offers extensive research opportunities, instructional videos, real-time quotes, charts, and studies. You can even test out some of your strategies based on historical information to see how you would do.

Aside from the premium platforms, we love that there is no minimum deposit requirement to trade with TD Ameritrade. This means you can start trading as soon as you open an account. Other brokerages make you wait until your balance hits a specific threshold.

We also love the breadth of customer service available from TD Ameritrade. Investors have access to 24/7 customer service, both online and on the phone. You can email, chat online, or call customer service. You'll typically receive an immediate response for your questions or concerns.

Because of their more costly commission, TD Ameritrade is good for the beginning-to-moderate investor who won't make frequent trades. The higher cost gives you access to research and tools that don't hold a candle to the other brokerages. But, if you trade frequently, the higher commissions can eat into your profits.

Best Discount Broker for Frequent Traders

If you are a frequent trader, you need lower commissions. If not, those costs can really eat into your profits. E-Trade offers frequent traders a nice discount, which is why we chose it for frequent traders. While $6.95 per trade is equal to TD Ameritrade, traders save $2.00 per trade when they have more than 30 trades in a quarter.

E-Trade offers a variety of customer support tools, making it great for beginning and intermediate investors. The basic E-Trade platform works well for most investors, as it offers real-time quotes, charting, analysis and more. All investors also have access to the OptionsHouse platform. This is a slightly more advanced platform, but is still easy enough for the new investor to navigate. Frequent investors (making more than 30 trades per quarter) also have access to a third platform called E-Trade Pro. This platform is similar to ThinkorSwim. Investors have access to trading ideas and are able to test their ideas out on real investments.

Keep in mind that if you want to try out E-Trade's numerous platforms, you'll need at least a $500 initial deposit. This sets E-Trade apart from many of the other discount brokers and is something to consider when choosing a discount broker. Frequent traders often have at least $500 to trade, and benefit from the lower pricing tier offered at E-Trade.

Best Discount Broker for Customer Service

Fidelity is known for their mutual funds, but they are a great discount broker too. If you value top-notch customer service, this is the brokerage firm for you. Fidelity has built up its reputation of providing prompt customer service. You can reach them by phone, email, or live chat online, all of which are available 24/7.

Fidelity is also very strong in the research department. They offer an array of third-party reports for each quote you pull. If you are an avid researcher, you'll love the speed at which you can have multiple reports at your fingertips. Sometimes time is money, of which Fidelity will save you plenty with this service.

Fidelity's platform gets good reviews regarding ease of use and services it provides. Beginning investors have access to plenty of research and screeners. This helps make it easy to get the information needed to make a trade. They also offer their platform as a mobile app, making it easy to make investment decisions on-the-go.

However, if you want more advanced trading options, you'll need to make at least 36 trades in a rolling 12-month period. The Active Trader Pro offers more filters; the ability to store trades for future use; and better customization.

Other Brokers to Consider

  • Merrill Edge: A great option for those with a lot of capital to invest and who relish great customer service.

  • Charles Schwab: Investors both new and experienced do well with this broker's user-friendly platforms for infrequent and active investors.

  • Interactive Brokers: Reserved for investors with advanced needs and active traders with at least $10,000 to invest.

  • Tradestation: Once a platform for pros, this broker is now useful for beginners and advanced traders that will keep their money put. They do have a $125 outgoing transfer charge, which is on the high side.

  • Capital One Investing: This platform is perfect for traders just starting out or those who want an automatic investment option. Capital One offers discounted commissions as low as $3.95 for automatic investments.

There Are Other Options Too

Discount brokers can save you a lot of money and put you in the driver's seat of your portfolio. But they aren't for everyone. Following are a couple of other choices you may want to consider:

  • Robo-Advisors: If you can handle a completely "hands-off" approach, robo-advisors can save you even more money. The automated system uses an algorithm to invest your money for you. After you input your risk thresholds and investment goals, the computer does the rest. The fees vary, but companies like Betterment charge one annual fee based on your account balance.

  • Peer Lending: If you want to stay away from stocks and bonds for now, consider peer-to-peer lending. You decide how much money you want to invest and what type of risk you want to take. The minimum investment is often as low as $25. You can break your investment up into as many loans as you want. This helps diversify your portfolio with companies like Lending Club or Prosper.

  • Full-Service Broker: If you have a lot of money to invest or need that in-person advice, a full-service stockbroker is an option. You'll find them at your larger brokerage houses, like Merrill Lynch, but keep in mind that their commissions are much higher than discount brokers. Expect to pay $100 - $200 per trade versus $4 - $7 per trade.

Common Questions

  • What is an account minimum deposit?
    Many discount brokers don't allow traders to start trading until their account reaches a specific threshold. For example, Charles Schwab requires a $1,000 minimum deposit to open a Schwab One account.

  • What are account maintenance fees?
    The account maintenance fee is separate from the per trade fee. It's important to read the fine print to see what brokers may charge. For example, some brokers charge a 0.5% annual maintenance fee. Others only charge the fee if your balance dips below their required threshold. Always read the fine print to make sure you know what the account will cost.

  • What is a margin account?
    If you meet the Federal minimum deposit requirements, you may be able to buy on margin. This means you put a percentage (usually 50%) down on the investment and borrow the other half. The broker charges you interest and holds your securities as collateral.

  • How do you withdraw funds from your brokerage account?
    You can request a withdrawal of your funds at any time. The request must be in writing. You usually have the option of a wire transfer, ACH electronic transfer, or a check mailed to you. If you do choose the wire transfer, most brokerages charge a wire fee of as much as $50 per transfer.

  • How do you open a discount brokerage account?
    If you are opening a cash account, you'll need to provide your personal identifying information (name, address, social security number, and driver's license number). You'll also need to provide your employment information, income, and net worth. You'll also need the funds to open up the account and start trading.

The Bottom Line

Using a discount broker is a great way to trade and keep your profits. Choose your broker wisely by paying attention to hidden fees and understanding account minimums. A discount broker is a great way for beginning and experienced investors alike to invest in their future.

Best Discount Broker appeared first on CreditDonkey

Cincinnati Federal Review: $250 Checking Account Bonus [OH Residents]

by Tony Phan @ MoneysMyLife

Find the latest promotions and bonuses from Cincinnati Federal updated here. Offers have typically ranged from $150 to $250 in the past. Established in 1922 and headquartered in Cincinnati, Ohio, Cincinnati Federal has 4 locations in the state. If you’re not an Ohio resident, use our Bank Bonuses page for other offers, including those from […]

Checking Account Promotions and Rewards | Money-Rates.com

Checking Account Promotions and Rewards | Money-Rates.com


money-rates.com

Find the best checking account offers, including rewards and interest checking, using specialized filters at Money-Rates.com. See lists of bank promotions.

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stlplace

Note: traditionally we want to open checking account with banks near home (or work place), so that we can get the services, deposit check, get cash etc. This has changed since the growing online ba…

Latest food & drink deals inc Pizza Day discount | Uber Eats/Amazon Restaurant codes

by Andy Webb @ Be Clever With Your Cash

The best deals right now for some free or cheap food and drink! From lunch discounts and vouchers to free samples and restaurant deals, read on for the best food and drink deals you currently available. Here are a few quick links to help you navigate. Restaurant deals, including Tastecard offers and Pizza Day discount  […]

The post Latest food & drink deals inc Pizza Day discount | Uber Eats/Amazon Restaurant codes appeared first on Be Clever With Your Cash.

Change of job: what to do with the savings in the 401k plan

by stlplace @ stlplace

I talked a bit on this topic in the past (see a post here). The one thing I may add is: I didn’t do very well in most the IRA (self management, mostly buy / sell stocks in the small scottrade IRA account). The value mostly bounced back since I bought the Huntsman (NYSE:HUN) in […]

Delta Flash Sale: Fly to the Pacific Northwest From 11,000 SkyMiles Round-Trip

Delta Flash Sale: Fly to the Pacific Northwest From 11,000 SkyMiles Round-Trip

by Brendan Dorsey @ The Points Guy

Delta is back with another flash sale, this one offering discounted flights to the Pacific Northwest. With this promotion you’ll be able to redeem as little as 11,000 SkyMiles (plus taxes and fees) for a round-trip flight to either Seattle (SEA) or Portland (PDX). The catch is that you can only fly to Seattle or …

Best Checking and Savings Accounts For Couples - Couple Money

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Looking to get the most out of your money? Learn how to find the best joint check and savings accounts to build your wealth! 

Best Bank Deals, Bonuses, & Promotions In Iowa

by Danny Nguyen @ Bank Deal Guy

Editor’s Note: Not your state? No worries, you can click on the state(s) above to see the Best Bank Deals, Bonuses, & Promotions being offered in your state. New to bank bonuses? No worries! See our Beginners Guide To Bank Bonuses. Amongst the sea of corn fields you can find some pretty nice bank bonuses. Here is a... Read More →

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Banks with a Cash Bonus: 2018 Bank Promo Codes

by Bank Bonus @ Checking Account Promos

Get a free checking account with a bank cash bonus and no minimum deposit. Some of the best banks offer $100 or more in sign up bonuses for opening a new checking account online.           The best checking … Continue reading

How 12 Olympians Pinched Pennies to Chase Gold

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We’re used to hearing stories of triumphant Olympians overcoming all odds to achieve their dreams. But for many, staying afloat financially is a lesser-known hurdle as they ski, skate, jump,…

Flying With a Cartoon Penguin, on EVA Air’s Badtz-Maru Airbus A330

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by J. Keith van Straaten @ The Points Guy

EVA Air's cartoon-themed aircraft offers one of the world's most unique passenger experiences. Pros: Outstanding service and an absolutely unique themed aircraft. Cons: No choice of food in Economy, sub-par lounge options in Fukuoka.

Self Lender Review: Is It Good?

by feedback@creditdonkey.com (Kim P) @ CreditDonkey Reviews

Self Lender promises to help you build credit. But is it legit? Read this review to learn how it works.

If you don't have a credit history, creditors probably won't give you a chance. How can you build credit without someone giving you a break?

Enter Self Lender - a credit monitoring and credit building system that helps people with low or damaged credit increase their credit score.

Read on to see if Self Lender might be the right service for you.

What Is Self Lender?

Self Lender is a free credit monitoring system. But they also offer credit building loans. This is where they make their money.

Self Lender's credit monitoring service gives you on-demand access to your credit score. It gives you access to your credit history at all times. Self Lender also offers suggestions on how to improve your credit. They provide all of this free of cost.

However, the credit building loan is the real meat and potatoes of Self Lender. They provide loans regardless of your credit score. The main purpose of the loan is to build or improve a low credit score. In other words, they give you a chance no matter how many other lenders turned you down.

How Self Lender Works

The Self Lender loan isn't your typical loan. Think of it like a loan in reverse. You don't receive the proceeds from the loan upfront. Instead, it's placed in a Certificate of Deposit for you. The maturity date equals the term of the loan.

You then make payments over the course of the term of the loan (12 to 24 months). Your payments are both principal and interest. At the end of the term, the CD matures. You receive the principal, plus the small amount of interest it gained during that time.

As you make payments, Self Lender reports them to Experian, Equifax, and TransUnion. If you make your payments on time, this will help build up your credit score.

Some people think of it like a forced savings program. In order to receive the savings, you have to make timely loan payments. At the end of the term, you will receive the principal amount paid for the loan.

Who Benefits from Self Lender?

Self Lender is ideal for people who have little to no credit. If you've ever tried to apply for credit only to be turned down because you don't have any credit, you are a good candidate. How are you supposed to prove you are credit worthy if no one will extend credit?

This is where Self Lender helps the most. They don't pull your credit to determine eligibility.

It can also be a good option for those with damaged credit. With a poor credit history, many creditors will turn you down for new credit. Without new credit, it's nearly impossible to rectify your score. Self Lender can help by providing you with the credit building loan.

Before you jump on board though, make sure you meet the following requirements:

  • You are at least 18-years old
  • You have a valid bank account
  • You can afford the monthly payments that vary between $25 - $194 per month
  • You could benefit from a forced-savings account

Opening an Account and What It Costs

Opening a Self Lender account takes about five minutes. They need the following information:

  • Name
  • Address
  • Social Security number
  • Date of birth
  • Amount of income

Once you provide this information, Self Lender runs a check on ChexSystems. Similar to running your credit, this system checks your bank account history. This keeps an eye on how you treat your bank accounts. They look for overdrafts and bad checks. However, unless you let your overdrafts sit unpaid, you should be in good shape.

If your ChexSystems report comes back clean, Self Lender will ask you which loan amount you want from a predetermined list of options:

  • $525 ($25 paid over 24 months)
  • $545 ($48 paid over 12 months)
  • $1,000 ($89 monthly payment over 12 months)
  • $2,200 ($194 monthly payment over 12 months)

You then enter your payment information. You can use a checking account or debit card. However, using a debit card will cost you an additional 2.99% plus $0.30 as a convenience fee. Using your checking account is best.

Self Lender also charges a small administrative fee based on your loan amount. It varies between $9 and $15. The fee is non-refundable, but is a one-time fee.

How the Credit Builder Loan Helps

The moment you take out the Credit Builder Loan, you have a FDIC-insured Certificate of Deposit opened in your name. Like any other CD, you cannot touch the money until it reaches maturity. In this case, it's 12 or 24 months.

The bank deposits the full amount in the CD, allowing it to earn 0.10% interest over the next 12-24 months. While the interest is really peanuts, the real benefit lies in the payments you make towards the loan.

As long as you make each loan payment on time, Self Lender reports the timely payments to the credit bureaus. According to Self Lender, on average clients with the standard $1,100 loan and timely payments see their credit score increase as much as 45 points in just 6 months.

This only works, however, if all aspects of your credit are in line. For example, if you have a credit card with another company that you let default, your credit score will fall. This is independent of what the Credit Builder loan can do for you. It's up to you how you handle all aspects of your credit profile.

Tip: It's best if you do not pay the Credit Builder Loan early. The main benefit is the timely payments reported to the credit bureau. If you pay it off early, you negate the benefits of the loan. Plus, you cannot touch the CD until maturity or you risk paying a penalty.

Pros and Cons of Self Lender

As with any financial product, there are pros and cons of Self Lender.

Pros

  • All payments are reported to the credit bureau to help you build a credit profile.
  • You have a "forced" savings account.
  • You don't need a credit check to get approved.
  • The upfront administrative fee is affordable.
  • The interest rate is often less than that of a credit card.
  • An installment loan may diversify your credit mix, which further helps your credit score.

Cons

  • If you have a negative history with bank accounts, you may not qualify.
  • Late payments are reported to the credit bureaus and could damage your credit.
  • It costs you 5% per monthly payment if you miss the grace period of 15 days.
  • The interest earned on the CD is next to nothing.
  • You have to pay to take out the loan versus other free ways to build credit.

How It Compares to Other Options to Build Credit

Self Lender isn't the only way consumers with thin or damaged credit can build credit.

  • Secured credit card: This option isn't free upfront, but it can be if handled correctly. Your credit line equals your deposit. You can find secured credit cards that require as little as $200 deposited. If you pay the balance off each month, you don't pay any interest. You can also get your deposit back if you upgrade or close your account.

  • Co-signer on a loan: If you have a willing co-signer for a loan, you may be able to get approved for a standard credit card or installment loan.

  • Authorized user: Ask to become an authorized user on a parent, sibling, or other close relative's credit card. Make sure you ask the credit card company beforehand if they report payment history for authorized users, though.

Bottom Line

If you've exhausted all other "free" options to build credit, Self Lender can be helpful. If you don't have anyone who can co-sign a loan or make you an authorized user, you have two options: a secured credit card or Self Lender. If you don't have the money to open a secured credit card, Self Lender may offer the lower cost way to build your credit.

Make sure before you take this option that you can afford the monthly payments. Paying for a loan that you will only pay late will damage your credit score and cost you money. When taken responsibly, though, the service can help you improve your score in a short amount of time.

Self Lender Review: Is It Good? appeared first on CreditDonkey

Best Banks for Small Business in 2018: Did Yours Make the Cut? - LendGenius

Best Banks for Small Business in 2018: Did Yours Make the Cut? - LendGenius


LendGenius

If you have a small business, you owe it to yourself to use the best bank for small business needs. Your business account keeps your personal finances separate from your business finances, making it easier to see where you stand in each area of your life. It also simplifies loan applications and tax preparation; limits personal liability; and …

Profiled in a Debt.com “Very Personal Finance” Story

by Stephanie @ Poorer Than You

My personal finance story was recently profiled in the article “Financial Struggles During College Taught Stephanie About Saving” in Debt.com’s Very Personal Finance series. I really enjoyed being interviewed by Brian Bienkowski for this piece. He was very interested in what happened early on in my money journey, so it was a trip down memory […]

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Which Southwest Credit Card is Right for You?

by feedback@creditdonkey.com (Anna G) @ CreditDonkey

Fly Southwest? You may want to consider a Southwest credit card from Chase. But which one is right for you? We break it down.

Southwest offers a couple of the best airline cards for domestic travelers.

If you fly Southwest at least a couple of times a year, consider one of the two co-branded credit cards offered by Chase: Southwest Rapid Rewards Plus and Southwest Rapid Rewards Premier.

Both cards offer a high sign-up bonus and good reward potential. The Plus has a lower annual fee but is not ideal for international travel. The Premier is the more upscale version with slightly better rewards.

Which makes more sense?

We'll do a full run-down comparing the two cards, so you can make your own choice.

Overview: Southwest Plus and Southwest Premier

Before we start comparing, let's go over how the two cards work in a nutshell. Both cards give you the same sign-up bonus and reward points. There are a couple of major differences:

  • The Southwest Plus card has a $69 annual fee. You get 3,000 bonus points each anniversary year. There is a foreign transaction fee.

  • The Southwest Premier card has a $99 annual fee. You get 6,000 bonus points each anniversary year and earn points toward elite tiers. There is no foreign transaction fee.

Now, with these major differences in mind, let's go over why you may prefer one over the other.

Note: Chase has a 5/24 rule, which means that if you've opened 5 credit card accounts in the past 24 months (from any bank), you will not be approved for a new card. The Southwest cards fall under this rule.

Why Either Card Is a Good Choice

Both cards are designed to earn Rapid Reward points, which can then be redeemed for Southwest award flights (more detail in the next section). With both Southwest cards, you get:

  • Sign-up bonus. You can earn 50,000 points after you spend $2,000 on purchases in the first 3 months of account opening.

  • 2x on Southwest purchases. You get 2 points per dollar spent on Southwest purchases, including participating Rapid Rewards hotel and car rental partner purchases. You get 1x per dollar on all other purchases.

  • Points for balance transfers. You get 1 point for each $1 in balance transfers made within the first 90 days of account opening (up to $10,000 for the Plus, and $15,000 for the Premier). Most credit cards don't let you earn points for balance transfers.

  • Earn points toward Unlimited Companion Pass. If you earn 110,000 Rapid Reward points in one calendar year, you can name one companion to fly free with you on unlimited Southwest flights until the end of the following year. This is one of the best companion deals out there. With the sign-up bonus alone, you're more than a third of the way to the Companion Pass.

    Note: Only points earned with the Southwest credit cards qualify towards a Companion Pass. So, for example, if you have the Chase Sapphire Preferred and transfer points to Southwest, they won't qualify.

  • Bags fly free. Your first and second checked bags are free.

  • No blackout dates, seat restrictions, or change fees. You can use your miles to book any seat on any flight. And if you need to change the date of a flight, there's no change fee (though you will still need to pay the fare difference).

  • Rewards never expire. Your miles never expire as long as your card account remains open.

Who the Southwest Plus Card Is Good For

If you're an occasional domestic flyer (you fly Southwest just a few times a year), then this card is probably good enough for you. Since both cards have the same sign-up bonus and reward earnings, the Plus will save you money with a smaller annual fee.

Remember, it also gives you 3,000 points every anniversary year. This doesn't fully cover the annual fee, but it makes it easier to swallow.

Why the Southwest Rapid Reward Premier Card Is Superior

If you fly Southwest more often, the Premier card may be better for you. Here are some other perks that come with the Southwest Premier:

  • Tier qualifying points (TQPs): For every $10,000 spent on the card (on eligible purchases), you earn 1,500 TQPs. You can earn up to 15,000 TQPS per year. TQPs can be used for Rapid Rewards elite status.

    • If you achieve A-List status (35,000 TPQ per year), you get: priority check in, security, and boarding; dedicated phone line; free same-day standby; and 25% earnings bonus on Southwest flights.

    • If you achieve A-List Preferred status (70,000 TPQ per year), you get the above plus: free in-flight Wi-Fi and 100% earnings bonus on Southwest flights.

  • 6,000-point anniversary bonus: You get a bonus 6,000 points every year on your account anniversary. 6,000 points could be worth a flight around $100, so this already justifies the higher $99 annual fee.

  • No foreign transaction fee: The Premier card has no foreign transaction fee for purchases made abroad.

Do you own a business? There is also a business version of the Premier card – the Southwest Rapid Rewards Premier Business Credit Card.

Both Do Have Downsides

Keep in mind some of these downsides for both cards:

  • No priority boarding. Unlike other co-branded airline cards that give you priority boarding just for owning the card, the Southwest cards don't include this perk. The only way to get this perk is to earn enough TPQs in a year to qualify for elite status.

  • High APR. Neither card has an introductory APR offer for purchases or balance transfers. The regular APR is quite high, so make sure you are able to pay off the balance each month.

  • You only get bonus points for Southwest flights, and hotel and car rental partners. Unless you fly Southwest a lot and use their hotel and car rental partners, it may be hard to rack up points. If your goal is to earn points faster, then consider whether the Chase Sapphire Preferred may be a better fit. It gives you 2x points on travel and dining purchases. Then you can transfer the points 1:1 to Southwest (but they won't qualify for the Companion Pass).

  • You can only redeem on Southwest flights. This isn't much of a problem if you take a lot of Southwest flights. But if you want more flexibility or want to travel to places Southwest doesn't go, then think about whether it's better to get a general travel rewards card that lets you use any airline.

  • The Plus card has a foreign transaction fee. The Plus card charges a foreign transaction fee on purchases made out of the country (3% of each transaction in U.S. dollars on purchases). However, the Premier card has no foreign transaction fee, so it is better if you travel internationally.

How to Use Southwest Rapid Reward Points

Both cards earn Rapid Reward Points, which you can redeem towards any Southwest flight, with no blackout dates and no seat restrictions.

Using your points is very easy. Simply sign in to your Rapid Rewards account (create it for free) to book travel, and select the option “Points.”

You will then see the flight options listed in points. You can also toggle back and forth between dollars and points to compare the points value.

Southwest has three types of fares. Wanna Get Away is the cheapest fare. It's nonrefundable, but can be cancelled for credit good up to 1 year from purchase date. Business Select and Anytime fares are fully refundable.

So what are Rapid Reward points worth?
Southwest points have pretty good value, especially for the Wanna Get Away fights. We find that, generally, each Rapid Reward point is worth between 1.6 and 2.0 cents. This means that 10,000 points could be redeemed for a flight that costs around $160 - $200.

For example, in the sample flight above from Los Angeles to Seattle in March 2018, the highlighted flight costs 4,248 points. If you were to buy it with cash, it costs $86. That means the point value of the flight is 2.02 cents.

You don't pay any taxes or surcharges for domestic flights, except for the $5.60 Security Fee in each direction.

Do You Fly Other Airlines?

Not a frequent Southwest flyer? If there's another airline you prefer instead, consider these cards:

Bottom Line

So, which Southwest card is right for you? Since both cards give the same sign-up bonus and have the same reward structure, which is better?

If you fly Southwest just a few times a year domestically, the Plus card will do the job just fine. If you travel to any of Southwest's international offerings, you'll want the Premier card as it has no foreign transaction fee. It also has a larger anniversary bonus each year, which helps justify the $99 annual fee.

Which Southwest Credit Card is Right for You? appeared first on CreditDonkey

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Southwest Rapid Rewards Premier Credit Card, United MileagePlus Explorer Card, Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®, and Southwest Rapid Rewards Plus Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Chase Coupon Promo Codes: $200, $300, $350, $500 (Feb 2018)

by Tony Phan @ MoneysMyLife

Chase Bank coupon codes, bonuses, and promotions for their Checking, Savings and Business accounts can all be found up-to-date here. Chase promotions are constantly updated throughout the year, so bookmark this page for updates. Many Chase coupon codes are periodically available. Current and past coupons include the following: $100, $150, $175, $200, $250, $300, $350, $400, $500, $600 and […]

Best Bank Account Bonuses For February 2018 | Bankrate.com

Best Bank Account Bonuses For February 2018 | Bankrate.com


Bankrate

Walk away with sacks of cash just for opening a checking or savings account.

Best Online Savings Account

Best Online Savings Account


CreditDonkey

The best online savings accounts pay a good interest rate, are fully secured, and allow for flexibility. Find the best high interest savings accounts to consider.

Special Offers & Promotions

Special Offers & Promotions


Mission Federal Credit Union, San Diego

Take at look at the current Mission Federal Credit Union promotions and see how you can save. We have money-saving options and promotions on Credit Cards, Accounts, Loans and more. All San Diegans are welcome at Mission Fed!

Requirements to Get Your Personal Loan Approved

by Marty Minchin @ MagnifyMoney

For the right consumers, personal loans can be a quick way to get much-needed cash for anything from a home repair to a college tuition. With the right qualifications, you can be approved for a personal loan in the morning and have the cash deposited into your account in as little as one day depending … Continue reading Requirements to Get Your Personal Loan Approved

The post Requirements to Get Your Personal Loan Approved appeared first on MagnifyMoney.

Citibank Promotions

by Bank Bonus @ Checking Account Promos

Citibank-Checking-Account Citibank is offering a $100 Bonus to enroll in qualifying digital activities. Each month perform at least one of the following qualifying digital activities and earn a $10 cash bonus. ONLINE BILL PAY, MOBILE CHECK DEPOSIT, OUTGOING POPMONEY® TRANSFERS … Continue reading

Home Chef Review: Is It Worth It?

by feedback@creditdonkey.com (Kim P) @ CreditDonkey

Almost half of Americans claim to hate to cook. For many, it's due to a lack of time to put together a half decent meal. Perhaps because of this phenomenon, meal delivery services have taken over the radar.

One name you probably hear quite often is Home Chef. Founded in 2013, Home Chef delivers more than 1.5 million meals to doorsteps each month. The perfectly portioned ingredients and colorful recipe cards have wanna-be chefs trying new things.

Is it the right service for you?

What Is Home Chef?

Busy families often resort to frozen food or takeout. While it's convenient, it could be unhealthy and costly. Enter Home Chef, the answer to the desire for a home cooked meal in under 30 minutes. This home meal delivery service promises fresh ingredients delivered to your doorstep with delicious recipes even the novice can prepare.

Home Chef delivers all of the ingredients necessary to create your chosen meals. However, they don't provide common staples, such as cooking oil, salt, and pepper. You can skip meal planning, grocery shopping, and recipe hunting. Home Chef works with high-quality food suppliers and professional chefs to deliver the best ingredients and tastiest recipes.

How Home Chef Works

You can sign up for Home Chef in a few simple steps. You'll provide your email address, food preferences, shipping, and payment information. Based on your preferences, Home Chef then suggests meals for you. But you can choose from the more than 11 options each week based on your family's desires. This offers a great opportunity to try something new. Many families try meals they would otherwise never eat.

You can choose your menu on a weekly basis as long as it's by the deadline. But Home Chef also sets their menus 5 weeks in advance. If you like to plan, you can know what you'll be eating for the next month or so. Their site has a countdown to let you know how many days are left to order from a specific week's menu. Once the deadline hits, the menu is no longer available. However, you can still access their recipes for a few months.

You can also choose to add on smoothie ingredients and/or fresh fruit baskets. You choose the number of servings and the items are added to your order.

Once you choose your meals, Home Chef ships the fresh ingredients and recipe cards right to your doorstep. You get to choose the delivery date so you know when it will arrive.

Once you receive your order, you simply unbox the desired meal and follow the recipe steps. Take note: you'll find a list of "extra" items you need, such as olive oil, salt, and pepper, at the top of the card. You'll also see any special notes titled "Before You Cook." This alerts you of any steps you must take before you start cooking.

Each step in the cooking process is broken down into simple instructions and includes pictures. They even offer a "proper plating" picture so you can replicate the look of the meal as you would see it in a restaurant.

Who Benefits the Most from Home Chef?

Home Chef isn't for everyone, but many people do benefit. If you are too busy to cook anything but frozen pizzas and chicken nuggets or you are sick of takeout, it could be worth a try.

However, if you are the type who follows a strict budget or uses coupons religiously, you might find the price a little much to handle. Home Chef charges customers by the number of servings ordered. However, the smallest quantity you can order is 2 servings. Because they charge per serving, you don't get a price break with the more people you feed.

If you were to shop for the ingredients yourself, the price per serving may decrease with the more mouths you feed. You can either buy in bulk or purchase items on sale. At Home Chef, it could cost as much as $60 for one meal to feed a family of six.

But, for some, the price is worth it. Even though you might spend as much as you would on takeout, you get much higher quality food and the satisfaction of preparing it yourself.

If you have a little time to spend in the kitchen, but less time to meal plan and grocery shop, this service may work well. Keep in mind that while you receive fresh produce and meat, you still have to do a little preparing. Many recipes require you to slice vegetables, chop nuts, and season the meat. Typically, it's nothing too time consuming, but something you should keep in mind.

What Are Your Choices?

Home Chef offers a large variety of options even for those on a strict diet. When you sign up, you can specify any allergies or preferences you have.

After entering your email address, Home Chef asks you a variety of questions:

  • How many meals would you like sent to you each week? (Choose 2-6)
  • How many people will you cook for? (2, 4, or 6)
  • Do you prefer meat, seafood, vegetables? You can choose one, two, or all three options.
  • Do you need a low-calorie or low-carb meal plan?

You can then choose to omit any of the following:

  • Pork
  • Soy
  • Red meat
  • Nuts
  • Wheat
  • Milk
  • Mushrooms
  • Shellfish

Based on your preferences, Home Chef offers a variety of menu options. A few examples of past meals offered include:

  • BBQ-Rubbed Chicken and Cheddar Mac
  • Greek Panko-Crusted Cod with vegetables
  • Sirloin Steak with Balsamic Sauce and Potatoes
  • Spaghetti and Ricotta Meatballs

The Pros and Cons of Home Chef

Having fresh ingredients delivered to your doorstep with step-by-step instructions may seem like a dream come true and for some, it is. However, you should know the cons before deciding too.

Pros

  • The recipes are very easy to follow, even if you are not a self-proclaimed chef.
  • You can personalize the options to meet your dietary needs.
  • You can pick and choose the number of meals each week or even skip several weeks at a time.
  • Possibly waste less food, as only the necessary amount of fresh ingredients come in the box.
  • Recipes are categorized by difficulty.

Cons

  • You should be home when the food is delivered, as it's chilled only with standard ice packs.
  • The dietary restriction options don't include vegan or heart-healthy diet options.
  • Single-member households must pay for 2 servings of any meals they order.

How It Compares

Home meal delivery services are quickly on the rise. While Home Chef has been around for almost 5 years, others are popping up all over the internet. They all offer the same idea - fresh ingredients to make restaurant-quality meals in your own kitchen. A few of the options outside of Home Chef include:

Blue Apron
Blue Apron offers a subscription service. You get a box each week unless you cancel your subscription. You choose from the "2-Person Plan" or the "Family" plan. The 2-Person Plan allows you to choose 2 or 3 recipes per week. The Family Plan allows you to choose 2, 3, or 4 recipes per week. They do offer vegetarian plans, but only for the 2-Person Plan. They specialize in unique recipes with new cooking techniques to keep even the most experienced cook learning new things. However, Blue Apron meals tend to take longer to prepare - some even take up to 90 minutes.

Plated
Plated works much the same as Home Chef. You choose your meals from week to week. You can skip weeks, stop delivery altogether, or order as often as you want. They have more than 20 recipes to choose from at a time. They also offer dessert recipe options. You receive most of the necessary ingredients outside of the standard staples you probably have at home. Plated allows you to mix and match the number of servings you get for each meal. This allows some flexibility for entertaining or nights when not everyone will be home for dinner. The food from Plated is often very unique or gourmet, and the recipes can be complicated or time consuming.

Hello Fresh
Hello Fresh provides farm-fresh foods with the option to choose a meat/seafood or vegetarian plan. They also provide a weekly subscription, but you must choose between a plan for 2 or 4 people and 3 or 4 recipes per week. Based on your preferences, Hello Fresh provides you with 15 new recipes to choose from each week. By default, they choose your meals for you, but you have the flexibility to change them if desired. Hello Fresh is a good choice for those who prefer "standard" recipes rather than the more "gourmet" options from other subscription services.

Bottom Line

Home Chef is among the many meal delivery service companies vying for your grocery dollar. They are among the easier meals to prepare, yet they don't lack in sophistication. They are among the services that offer the most options for those on a restricted diet. If you're looking for an alternative to convenience food, this is a great option. You'll create a warm, home-cooked meal for your family with fresh ingredients that will not go to waste.

Home Chef Review: Is It Worth It? appeared first on CreditDonkey

Five Star Bank Checking Account Bonus: $250 Promotion (New York Only) *In-Branch*

by Howard Young @ Bank Checking Savings

Are you interested in making free money? Five Star Bank is currently offering qualified residents of New York a $250 bonus when you apply and qualify for a new Premier Checking Account by April 30, 2018. To get started, you must open a new account in-branch. For those who are not familiar with the current promotion, you... Keep Reading↠

The post Five Star Bank Checking Account Bonus: $250 Promotion (New York Only) *In-Branch* appeared first on Bank Checking Savings.

E*TRADE Promotions for 2018 | Get Up To $2,500 in Cash

E*TRADE Promotions for 2018 | Get Up To $2,500 in Cash


Investor Junkie

E*TRADE is currently offering 2 similar signup promotions. Get up to $2,500 cash and trade up to 60 days free.

Refer Your Friends and Family to Educators

by Brad @ Educators Credit Union

Educators Credit Union knows you already talk to your friends and family about how much you love your credit union, and we think you should be rewarded for it! In 2018, when you tell someone to open an account with us, you both could earn $80 or $100. 1 To get rewarded, your friend or family member must be a … Read more »

The post Refer Your Friends and Family to Educators appeared first on Educators Credit Union.

Best Bank Bonuses in Florida

by Anthony Nguyen @ Bank Checking Savings

Editor’s Note: If this is not your state, you can click on the state(s) above to see the Best Bank Bonuses being offered in your selected state(s). As the Floridians say,”Visit Florida” for some of the Best Bank Bonuses in Florida! Before you head out to Walt Disney World, grab some awesome bank deals for some extra spending... Keep Reading↠

The post Best Bank Bonuses in Florida appeared first on Bank Checking Savings.

February Member Focus

by Brad @ Educators Credit Union

This month’s edition of the Member Focus is now online for our members! This newsletter has details on Educators’ share certificate special, the 2017 Governor’s Financial Literacy Award and the 2018 Educators referral incentive.

The post February Member Focus appeared first on Educators Credit Union.

Ally Bank Online Checking, Savings, CD, Investing Promotions

by Tony Phan @ MoneysMyLife

Ally Bank is another great online-only bank, and offers nationwide online Checking, Savings, Money Market, CD and IRA accounts that earn market leading rates. Ally Bank is an internet-only bank based in Utah and offers a wide variety of deposit accounts, as well as auto financing services. Their online banking platform features Ally eCheck Deposit, which offers […]

Bank of America Savings Accounts: Reviews, Latest Offers, Q&A, Customer Service Info

Bank of America Savings Accounts: Reviews, Latest Offers, Q&A, Customer Service Info


WalletHub

Reviews & Detailed Information about Savings Accounts offered by Bank of America. Compare to Popular Offers & Apply Online for the Best Savings Account.

Alaska Flash Sale: West Coast to Texas and Midwest From 10,000 Miles Round-Trip

Alaska Flash Sale: West Coast to Texas and Midwest From 10,000 Miles Round-Trip

by Katherine Fan @ The Points Guy

Just after Delta’s flash sale, Alaska launched its own sale fares for award flights this afternoon. Travelers based in Texas or on the West Coast will benefit the most from these deals, which begin at 10,000 Mileage Plan miles and $12 round-trip. In order to take advantage of these flash sale rates, you must purchase your …

Best IRA Promotions for 2018

by Larry Ludwig @ Investor Junkie

I've gathered the best IRA investment promotions available. If you currently don't have one, now is the time to open an IRA account.

Best IRA Promotions for 2018 is from Investor Junkie Copyright © Empowering Media, Inc. All Rights Reserved.

Chase United MileagePlus Explorer Review: 50,000 Bonus Miles + $100 Statement Credit

by Anthony Nguyen @ Bank Checking Savings

When you sign up for a United MileagePlus® Explorer Card you can earn yourself a attractive 50,000 bonus miles after you spend $3,000 on purchases in the first 3 months of account activation. Also, you can earn $100 statement credit after you make your first purchase. In addition to that, get priority boarding and 2 redeemable United Club passes each year, so I... Keep Reading↠

The post Chase United MileagePlus Explorer Review: 50,000 Bonus Miles + $100 Statement Credit appeared first on Bank Checking Savings.

The best bank switching, cashback and interest offers

by Andy Webb @ Be Clever With Your Cash

One of the quickest ways to make some extra cash is to take advantage of the very competitive current account market and get a switching bonus, cashback or high interest on your savings. If you’ve been with the same bank since your first job or University, you’re probably missing out. Since seven-day switching was introduced in […]

The post The best bank switching, cashback and interest offers appeared first on Be Clever With Your Cash.

M&T Bank $150 Cash Bonus For Personal Checking Accounts

by Tony Phan @ Bank Bonus Guy

Get new M&T bank promotions, bonuses and offers here. Typical bonus amounts have been for $100, $150 and $200. M&T Bank has branches in these states: Connecticut, District of Columbia, Delaware, Florida, Massachusetts, Maryland, New Jersey, New York, Oregon, Pennsylvania, Virginia, and West Virginia. M&T Bank review highlights: M&T checking promotion Author’s verdict Expiration: 06/30/2016 […]

Is Online Banking Safe? How to Boost Your Banking Security

by Margarette Burnette @ NerdWallet

When you bank online, you trust that your account is safe from hackers. Even so, online accounts can seem to consumers like easy targets: Instead of robbing a bank, a…

20+ Best Bank Promotions & Bonus Offers ($100 Minimum!)

20+ Best Bank Promotions & Bonus Offers ($100 Minimum!)


Wallet Hacks

See the best nationally available bank promotions and signup bonuses available ($100 minimum!) - we keep this list of 20+ bank offers updated weekly. No expired promotions or tiny banks listed, just nationally available, easy to get promos.

These 5 Gas-Saving ‘Tips’ Don’t Work

by Philip Reed @ NerdWallet

When gas prices spike, drivers love to swap gas-saving tips. The crazier the tip, the faster it seems to spread. The problem is, some such “tips” are more urban legend…

Bank Of America Business Checking Review: $200-$2,000 Promotions

by Tony Phan @ Bank Bonus Guy

Get the latest sign-up promotions and bonuses for Bank of America’s Business Checking accounts here. Current ongoing offers have been for a $100 bonus, but sometimes a $200 and even a $2,000 promotion can be had. I’ll review your Business Checking account options as well. Bank of America Business Checking Review Highlights: Sign-up promotions ($100-$2,000) […]

Quorum Federal Credit Union CD Account Review: 2.00% APY 11-Month, 2.25% APY 25-Month CD Rates Increased (Nationwide)

by Howard Young @ Bank Checking Savings

Now is the best time of the year to start a new account experience. With that said, Quorum Federal Credit Union is offering residents nationwide a wide selection of rates to fit all your banking needs. Whether you are looking for a short term or long term solution, there is definitely an account to fit... Keep Reading↠

The post Quorum Federal Credit Union CD Account Review: 2.00% APY 11-Month, 2.25% APY 25-Month CD Rates Increased (Nationwide) appeared first on Bank Checking Savings.

Watch Out for This New Tax Scam

by KaToya Fleming @ MagnifyMoney

Tax season can be the most profitable time of year for savvy thieves. And just a week into filing season, the IRS has uncovered a new trick cybercriminals are using to scam you out of your money. The IRS warns tax preparers and consumers about a new scam in which criminals are using consumers’ account … Continue reading Watch Out for This New Tax Scam

The post Watch Out for This New Tax Scam appeared first on MagnifyMoney.

Metromile Insurance Review: Is It Legit?

by feedback@creditdonkey.com (Kim P) @ CreditDonkey Reviews

Low-mileage drivers have a pay-as-you-go insurance option with Metromile. Available in 7 states, your premium is based on miles driven plus a base rate.

Metromile puts traditional car insurance to the test for low-mileage drivers. The company recognizes that low-mileage drivers overpay for car insurance. Their solution is a usage-based insurance. They quote drivers a base rate that they determine based on their driving record, type of car driven, and age of the car. This is similar to how other car insurance companies calculate your rate.

The base rate is the only fixed rate. You then pay a premium based on the miles driven. Metromile tracks the miles with their Pulse device, which you place in your car. Each month, Metromile reads the device and bills you for the miles driven.

Who Is Metromile Best For?

  • Occasional drivers: Driving fewer than 10,000 miles per year can provide substantial savings on this pay-as-you-go insurance. If you drive more than 10,000 miles, though, the per mile rate can add up.

  • Tech savvy drivers: Keeping track of your miles driven, gas mileage, or time spent driving is easy with this program. If you keep the GPS activated on the device, you can track your car (ever lost a parked car?) and even get alerts when something is wrong with your vehicle.

  • Drivers who can handle varying insurance bills: Your insurance bill will likely fluctuate from month to month. This means you have to be adaptable. If varying bills drive you crazy or if you are bad at budgeting, it could be hard to keep up with the constantly changing bills.

Why We Like Metromile

  • Rates not based on driving habits: Your rates are not based on how fast you drive or how hard you brake. You know your base rate and your per mile rate upfront. You can even keep track of your miles driven on the app, so you always know where you stand. You can minimize the unpleasant surprises monthly bills sometimes contain.

  • No penalty for occasionally driving more than 250 miles in a day: Driving more than 250 miles in a day won't result in any penalties or large bills. This benefits you if you hit that many miles sporadically, but if it's a regular habit, though, this might not be the right insurance for you.

  • Tech-savvy applications: Savings isn't the only thing Metromile offers. With the Pulse device, drivers can see their speed on trips, how much gas for the trip cost, and even where they parked their car.

  • Get alerts regarding your car's check engine light: The Metromile app helps you decode your check engine light. It also helps you find a mechanic to fix the problem.

  • Full coverage available: You can get as much coverage as you want or as little as your state requires. Metromile offers bodily injury, property damage, uninsured/underinsured motorist, personal injury protection, comprehensive, and collision coverage.

  • Roadside assistance available: If you are stuck on the side of the road with a flat tire or broken down car, Metromile offers roadside assistance, such as towing, flat tire help, and lockout assistance. Each policy differs - you must inquire about the services that may pertain to you.

  • Pet protection available: Driving with pets can put them at risk for injury if you are in accident. You can add pet protection onto your insurance, giving you up to $1,000 coverage if your pet suffers injuries in the accident.

  • Privacy control: If privacy is a concern for you, it's possible to turn the GPS locator off the Pulse device. It won't provide you with any of the perks above, such as finding your parked car, but it will still give you the mileage tracker that helps you save on your car insurance.

Why You Might Look Elsewhere

  • Claims take a while to process: If there's one common theme about Metromile complaints, it's the speed at which they handle claims. You submit your claim online. Then you are at the mercy of the adjustor or customer service agent to call you when they get to your claim. This could mean waiting days or even weeks for a call back.

  • You drive more than 10,000 miles per year: You don't get to take advantage of the low mileage discount if you drive more than 10,000 miles per year. It might even cost you more to use Metromile if you are not well under the 10,000-mile average.

  • You are on a fixed income budget: Unless you drive the same number of miles every single month, which is unlikely, you'll have varying insurance bills. If you prefer fixed bills that you can predict each month, the pay-for-what-you-drive plan may not be a good fit.

Customer Service

Being just a few years old, Metromile is still trying to figure out the perfect way to handle customer service.

They do offer 24/7 claims service. But this basically means you can file your claim 24/7. You may not hear back from an agent for a while. When they do help you, though, Metromile provides you with a dedicated claims professional who will help you through the claim process. They also help you find repair shops near you to speed up the process.

Recently, Metromile introduced automated claims processing. Not only can you file your claim online, but you can also upload the data from your Pulse device to help process the claim. Metromile states that some claims can even be handled automatically, getting you payment right away. We tend to think this is reserved for very minor claims, but it's a nice feature nonetheless.

Customer Service Phone Number: 1-888-242-5204

Dashboard

Drivers can access information about their driving habits, including miles driven, the cost of routes taken, and gas mileage online. All you need is your ID and password to gain access to this information. Basically, the dashboard provides you with ways to save money. It does not, however, give you any feedback on your driving habits. If money is your main concern, the dashboard serves its purpose. If you want to lower your insurance rates based on your driving habits, you'll need to look elsewhere.

App

The Metromile app does many of the same things as the dashboard. The difference is you have access to the information on-the-go. The app takes things a step further though. It will tell you:

  • Your car's health status
  • Decode any check engine light warnings
  • Send alerts when street sweepers are cleaning the street you are parked on (certain cities only)

How It Compares

Low-cost insurance is something many drivers want. Perhaps Metromile's largest competitor in that arena is Geico. Known for its rock-bottom prices for standard insurance, Geico is a fierce competitor. It's not a pay-as-you-go policy, though. You pay the same premium every month based on your individual factors. But those rates are among the lowest in the industry.

Unlike Metromile, Geico offers discounts for various things aside from the multi-vehicle discount, such as:

  • Safety features on your vehicle
  • Good driving habits
  • Defensive driving classes
  • Customer loyalty

Geico is also available in all 50 states, whereas Metromile is still only available in 7 states. Metromile does have a "waiting list" on their website that you can sign up for. You will then be alerted when the insurance is available in your area.

Geico has been around for 80 years and Metromile is still in its infancy, barely hitting 5 years on the market.

If saving money is your main concern, Geico takes the cake for high-mileage drivers and Metromile has a slight edge for low-mileage drivers, assuming you aren't eligible for many other discounts.

Bottom Line

In our opinion, if you don't drive often, Metromile may save you money every month. City dwellers who drive only a few miles at a time see the greatest results. Metromile makes it very convenient to use their insurance and service with one simple device to plug into your car.

We suggest determining how many miles you drive on average per year and compare your cost with standard insurance policies. If you are close to the 10,000-mile threshold, you may want to consider other options. If you are on the other spectrum, though, paying only for what you use could come in handy.

Metromile Insurance Review: Is It Legit? appeared first on CreditDonkey

The New Year’s Here: Make Better Resolutions in 2018

by PowerFi @ Power Financial Credit Union

From starting a workout plan to saving for retirement, roughly 80% of New Year’s resolution fail within the first month. Of the people who keep their commitments through February and beyond, only 8% ultimately reach their goal. Why is that? If you ask 100 people, you’re likely to get 100 different excuses reasons. Making a resolution is easy. Sticking to it? That’s a different story.

The post The New Year’s Here: Make Better Resolutions in 2018 appeared first on Power Financial Credit Union.

Citi ThankYou Points: Rewards Review

by feedback@creditdonkey.com (Dylan Y) @ CreditDonkey Reviews

Learn what is ThankYou Points and how much a point is worth. Read this review to find the best ways to earn points fast and how to redeem for best value (including the top Citi transfer partners).

Citi ThankYou Points

If you're considering signing up for a ThankYou Rewards card, you're probably wondering how much its rewards will be worth. Between Citi's roster of rewards cards and redemption options, finding the answer can be a little overwhelming.

So, to simplify your search, we're breaking down the value of Citi ThankYou Points and the cards that earn them. Read on for a full review of the Citi ThankYou Rewards program.

How Much Are Citi ThankYou Points Worth?

In terms of redemption options, here's how much your points will be worth:

  • Book travel through Citi: 1.25 cents per point with the Premier and Prestige (or 1 cent per point with the Preferred)
  • Gift cards: 1 cent per point (or less)
  • Shopping: 1 cent per point (or less)
  • Shop through Amazon: .8 cents per point
  • Statement credit: .5 cents per point
  • Cash back: .5 cents per point
  • Transfer to an airline or hotel partner: 1:1 ratio or less

Note: The points and redemption values are based on November 2017 data. Redemption options and value can change at any time.

Beyond redeeming points, each ThankYou Rewards card earns points differently, so the value of your ThankYou points will depend, in part, on how you earn them.

Citi ThankYou Rewards Cards

Citi's ThankYou rewards cards vary in terms of annual fees, bonus spending categories, redemption options, and perks.

  • Citi ThankYou Preferred Rewards: The Citi ThankYou Preferred is a no-frills, straightforward card for people who want to earn rewards without the hassle of activating rotating bonus categories. It doesn't come with the valuable redemption options of the Premier or Prestige, but it also doesn't come with an annual fee.

  • Citi ThankYou Premier: The Citi ThankYou Premier might be better suited to you if you travel, dine out, or go to live events often. It's a mid-range rewards card with a nice array of travel perks and protections.

  • Citi ThankYou Prestige: The ThankYou Prestige is a high-end option geared towards people who like to travel on points. It comes with a sizeable annual fee and a long list of valuable travel benefits, perks, and protections.

Best Way to Earn Citi ThankYou Points

  • Earn a sign-up bonus. If you're looking to apply for a new card, your best bet to rack points up quickly is to meet your new card's spending minimum and qualify for its sign-up bonus.

    If you're considering signing up for a new credit card, it might be worth waiting until a big promotion comes along. Without those extra points, the Citi cards are significantly less competitive compared to other travel credit cards.

Tip: You can also earn extra points by taking advantage of your card's bonus spending categories or by linking a Citibank checking account and completing qualifying activities.

Best Way to Redeem Citi ThankYou Points

Most redemption options will give you a value of 1 cent per point, including redeeming points for online shopping, statement credit or cash back, and donations. A more valuable option: using your points for travel.

  • Redeem points to book travel
    When you use your points to book travel through Citi - including airline tickets, hotel accommodations, car rentals, cruises, and vacation packages - you'll get the standard 1 cent per point redemption value. But you'll get a better redemption rate with the Premier and Prestige: the Premier's points will redeem for 1.25 cents each, and the Prestige's points for 1.33 cents each.

    You can make your reservations through the ThankYou Service Center or thankyou.com, with no blackout dates, minimum stay requirements, or seat restrictions. As a bonus, you'll still earn points on award flights bookings.

  • Transfer your points.
    You won't always get the best deal on travel through the ThankYou Travel Center, but you can also use the Premier or Prestige to transfer your points to Citi's airline, hotel, and retail partners.

    With Citi, you can transfer your points to Hilton Honors at a 1:1.5 ratio, or to most airline partners at a 1:1 ratio. That might make Hilton sound like a better deal, but their high rates for award rooms means that transferring to an airline partner might actually give you better value.

Tip: You can combine your points with any other ThankYou rewards account - even ones that aren't in your name - but remember that shared points will expire 90 days after the transfer date.

Citi ThankYou Transfer Partners

If you carry the ThankYou Preferred, you'll be able to transfer your points to jetBlue TrueBlue at a 1,000:500 ratio. Otherwise, you can use your Premier or Prestige card to transfer your points to any of Citi's airline and hotel partners, although you won't get a 1:1 ratio with all of them.

Citi's travel transfer partners include:

  • Asia Miles
  • Etihad Guest
  • EVA Air
  • Air France/KLM Flying Blue
  • Garuda Indonesia Frequent Flyer
  • JetPrivilege
  • Malaysia Airlines Enrich
  • Qantas Frequent Flyer
  • Qatar Airways Privilege Club
  • Singapore Airlines KrisFlyer
  • Thai Airways Royal Orchid Plus
  • JetBlue TrueBlue
  • Turkish Airlines Miles & Smiles
  • Virgin Atlantic Flying Club.
  • Hilton Honors

Search around for a transfer partner that offers a valuable award flight for your trip, and you'll likely be able to get more value out of your points than you would by booking travel directly through Citi.

The Bottom Line

The value of your ThankYou points will depend largely on which card you use, how you use it, and how you redeem your points.

If you're looking for straightforward rewards with no hassle - and no annual fee - then the Citi ThankYou Preferred might be for you.

But, if you don't mind paying an annual fee in exchange for better rewards and perks, then the Citi ThankYou Premier or Citi ThankYou Prestige is probably a better fit. Either will come with a higher rewards rate, better perks, and more transfer partners.

Citi ThankYou Points: Rewards Review appeared first on CreditDonkey

Editorial Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

Disclaimer: The information for the Citi ThankYou® Preferred Card, Citi Prestige® Card, and Citi ThankYou® Premier Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

$100 Bank Bonus – Citizens Bank Checking Account

by Bank Bonus @ Checking Account Promos

Citizens Bank Bonuses 2014 Citizens Bank Promotions Citizen’s Bank Bonus #1 Citizens Bank Promotions Earn a $100 Bonus from Citizens Bank when you open a new personal checking account and use Direct Deposit. With Everyday Points®, earning rewards is faster … Continue reading

Self Lender Review: Is It Good?

by feedback@creditdonkey.com (Kim P) @ CreditDonkey

Self Lender promises to help you build credit. But is it legit? Read this review to learn how it works.

If you don't have a credit history, creditors probably won't give you a chance. How can you build credit without someone giving you a break?

Enter Self Lender - a credit monitoring and credit building system that helps people with low or damaged credit increase their credit score.

Read on to see if Self Lender might be the right service for you.

What Is Self Lender?

Self Lender is a free credit monitoring system. But they also offer credit building loans. This is where they make their money.

Self Lender's credit monitoring service gives you on-demand access to your credit score. It gives you access to your credit history at all times. Self Lender also offers suggestions on how to improve your credit. They provide all of this free of cost.

However, the credit building loan is the real meat and potatoes of Self Lender. They provide loans regardless of your credit score. The main purpose of the loan is to build or improve a low credit score. In other words, they give you a chance no matter how many other lenders turned you down.

How Self Lender Works

The Self Lender loan isn't your typical loan. Think of it like a loan in reverse. You don't receive the proceeds from the loan upfront. Instead, it's placed in a Certificate of Deposit for you. The maturity date equals the term of the loan.

You then make payments over the course of the term of the loan (12 to 24 months). Your payments are both principal and interest. At the end of the term, the CD matures. You receive the principal, plus the small amount of interest it gained during that time.

As you make payments, Self Lender reports them to Experian, Equifax, and TransUnion. If you make your payments on time, this will help build up your credit score.

Some people think of it like a forced savings program. In order to receive the savings, you have to make timely loan payments. At the end of the term, you will receive the principal amount paid for the loan.

Who Benefits from Self Lender?

Self Lender is ideal for people who have little to no credit. If you've ever tried to apply for credit only to be turned down because you don't have any credit, you are a good candidate. How are you supposed to prove you are credit worthy if no one will extend credit?

This is where Self Lender helps the most. They don't pull your credit to determine eligibility.

It can also be a good option for those with damaged credit. With a poor credit history, many creditors will turn you down for new credit. Without new credit, it's nearly impossible to rectify your score. Self Lender can help by providing you with the credit building loan.

Before you jump on board though, make sure you meet the following requirements:

  • You are at least 18-years old
  • You have a valid bank account
  • You can afford the monthly payments that vary between $25 - $194 per month
  • You could benefit from a forced-savings account

Opening an Account and What It Costs

Opening a Self Lender account takes about five minutes. They need the following information:

  • Name
  • Address
  • Social Security number
  • Date of birth
  • Amount of income

Once you provide this information, Self Lender runs a check on ChexSystems. Similar to running your credit, this system checks your bank account history. This keeps an eye on how you treat your bank accounts. They look for overdrafts and bad checks. However, unless you let your overdrafts sit unpaid, you should be in good shape.

If your ChexSystems report comes back clean, Self Lender will ask you which loan amount you want from a predetermined list of options:

  • $525 ($25 paid over 24 months)
  • $545 ($48 paid over 12 months)
  • $1,000 ($89 monthly payment over 12 months)
  • $2,200 ($194 monthly payment over 12 months)

You then enter your payment information. You can use a checking account or debit card. However, using a debit card will cost you an additional 2.99% plus $0.30 as a convenience fee. Using your checking account is best.

Self Lender also charges a small administrative fee based on your loan amount. It varies between $9 and $15. The fee is non-refundable, but is a one-time fee.

How the Credit Builder Loan Helps

The moment you take out the Credit Builder Loan, you have a FDIC-insured Certificate of Deposit opened in your name. Like any other CD, you cannot touch the money until it reaches maturity. In this case, it's 12 or 24 months.

The bank deposits the full amount in the CD, allowing it to earn 0.10% interest over the next 12-24 months. While the interest is really peanuts, the real benefit lies in the payments you make towards the loan.

As long as you make each loan payment on time, Self Lender reports the timely payments to the credit bureaus. According to Self Lender, on average clients with the standard $1,100 loan and timely payments see their credit score increase as much as 45 points in just 6 months.

This only works, however, if all aspects of your credit are in line. For example, if you have a credit card with another company that you let default, your credit score will fall. This is independent of what the Credit Builder loan can do for you. It's up to you how you handle all aspects of your credit profile.

Tip: It's best if you do not pay the Credit Builder Loan early. The main benefit is the timely payments reported to the credit bureau. If you pay it off early, you negate the benefits of the loan. Plus, you cannot touch the CD until maturity or you risk paying a penalty.

Pros and Cons of Self Lender

As with any financial product, there are pros and cons of Self Lender.

Pros

  • All payments are reported to the credit bureau to help you build a credit profile.
  • You have a "forced" savings account.
  • You don't need a credit check to get approved.
  • The upfront administrative fee is affordable.
  • The interest rate is often less than that of a credit card.
  • An installment loan may diversify your credit mix, which further helps your credit score.

Cons

  • If you have a negative history with bank accounts, you may not qualify.
  • Late payments are reported to the credit bureaus and could damage your credit.
  • It costs you 5% per monthly payment if you miss the grace period of 15 days.
  • The interest earned on the CD is next to nothing.
  • You have to pay to take out the loan versus other free ways to build credit.

How It Compares to Other Options to Build Credit

Self Lender isn't the only way consumers with thin or damaged credit can build credit.

  • Secured credit card: This option isn't free upfront, but it can be if handled correctly. Your credit line equals your deposit. You can find secured credit cards that require as little as $200 deposited. If you pay the balance off each month, you don't pay any interest. You can also get your deposit back if you upgrade or close your account.

  • Co-signer on a loan: If you have a willing co-signer for a loan, you may be able to get approved for a standard credit card or installment loan.

  • Authorized user: Ask to become an authorized user on a parent, sibling, or other close relative's credit card. Make sure you ask the credit card company beforehand if they report payment history for authorized users, though.

Bottom Line

If you've exhausted all other "free" options to build credit, Self Lender can be helpful. If you don't have anyone who can co-sign a loan or make you an authorized user, you have two options: a secured credit card or Self Lender. If you don't have the money to open a secured credit card, Self Lender may offer the lower cost way to build your credit.

Make sure before you take this option that you can afford the monthly payments. Paying for a loan that you will only pay late will damage your credit score and cost you money. When taken responsibly, though, the service can help you improve your score in a short amount of time.

Self Lender Review: Is It Good? appeared first on CreditDonkey

How to Enroll in Chase Online Bill Pay

by Anthony Nguyen @ Bank Checking Savings

Got a busy schedule and need to pay your bills on time? Chase Online Bill Pay allows you to bank on your own schedule. Save time and money by taking care of any recurring bills without the hassle of writing or check or paying for postage. Essentially, this Chase feature allows you to automatically set... Keep Reading↠

The post How to Enroll in Chase Online Bill Pay appeared first on Bank Checking Savings.

Meet Hannah!

by Lizz @ Educators Credit Union

Hannah is a data analyst in our accounting department at the Home Office. Check out her Meet Video to get to know her better. For more videos, check out our YouTube channel.

The post Meet Hannah! appeared first on Educators Credit Union.

M&T Bank Deals, Bonuses, & Promotions: $150, $160, $200, & $250 Checking Offers

by Danny Nguyen @ Bank Deal Guy

Check out our listing of M&T Bank Deals of $150, $160, $200, & $250 promotions. Let M&T Bank reach your financial goals with their full suite of bank accounts and lending solutions, including savings accounts, checking accounts, auto and home loans, and more! M&T Bank has branches in the following states: CT, DC, DE, FL, MD, NJ,... Read More →

The post M&T Bank Deals, Bonuses, & Promotions: $150, $160, $200, & $250 Checking Offers appeared first on Bank Deal Guy.

Best student bank accounts: free railcard or �3k 0% overdraft

Best student bank accounts: free railcard or �3k 0% overdraft


MoneySavingExpert.com

Get the best student bank account early and save �100s - including an interest-free �3,000 overdraft - compare the top accounts with Money Saving Expert.

Up to $500 for Opening Chase Checking and Savings Accounts

Up to $500 for Opening Chase Checking and Savings Accounts


The Points Guy

For a limited time, Chase is giving up to $500 in bonuses when you open new checking and savings accounts.

Evolve Federal Credit Union Rewards Checking Account Review: 5.00% APY Up To $10,000

by John Catral @ Bank Checking Savings

Available for residents of Texas, Evolve Federal Credit Union is currently offering a generous 5.00% APY when you sign up and open a new ePriority Checking account. If you are currently interested, the bank is offering you the attractive APY rate on a balance up to $10,000. Not only are you able to bank with ease with... Keep Reading↠

The post Evolve Federal Credit Union Rewards Checking Account Review: 5.00% APY Up To $10,000 appeared first on Bank Checking Savings.

Emergency Savings Account

Emergency Savings Account


brightpeak financial

Hello, savings and rewards. Goodbye, freak-out. Be prepared for whatever life throws at you with the Emergency Savings Share Account.1

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