Berkeley CSUA MOTD:Entry 52830
Berkeley CSUA MOTD
 
WIKI | FAQ | Tech FAQ
http://csua.com/feed/
2024/11/26 [General] UID:1000 Activity:popular
11/26   

2009/4/9-13 [Finance/Banking] UID:52830 Activity:moderate
4/9     Wife and I have about $5000 combined savings. We're poor. What's a
        decent checking or savings account to open?
        \_ http://gmacbank.com is a pretty good value.
        \_ http://gmacbank.com is a pretty good value. they almost always pay a pretty
           competitive rate. one of the account types offers limited
           check-writing and ATM fee reimbursements. the other doesn't, but
           pays a higher rate. i have both, and just transfer funds as needed.
           their website is decent and no-nonsense. the only thing i don't
           really like is the lack of electronic statements.
        \_ A credit union. They don't do stupid things like buy Credit Swaps,
           so your money is safe. I like Patelco.
           \_ I'm a Patelco member. Know why? My credit union went belly
              up and Patelco ended up with the corpse.
           \_ Your money is pretty safe anyway as long as it's federally
              insured. A lot of credit unions have pretty crappy rates.
2024/11/26 [General] UID:1000 Activity:popular
11/26   

You may also be interested in these entries...
2013/7/31-9/16 [Reference/RealEstate, Finance/Investment] UID:54720 Activity:nil
7[31    Suppose you have a few hundred thousand dollars in the bank earning
        minimum interest rate and you're not sure whether you're going to
        buy a house in 1-5 years. Should one put that money in a more
        risky place like Vanguard ETFs and index funds, given that the
        horizon is only 1-5 years?
        \_ I have a very similar problem, in that I have a bunch of cash
	...
2013/5/13-7/3 [Finance/Banking] UID:54676 Activity:nil
5/13    Does FDIC ever matter? How likely is it that your deposit of
        over $250k going to be screwed over in a major US bank?
        \_ Was Washington Mutual a major bank?
        \_ Was Washington Mutual a major US bank?
        \_ Hahahahahahahahahahaha. Good one.
        \- As with nuclear weapons, this insurance produces much of its value
	...
2013/3/6-4/16 [Finance/Banking] UID:54620 Activity:nil
3/6     When I first joined my company, I got a sign-in bonus which was
        deposited into my savings account the first month. I also got my
        moving fees reimbursed, which was also deposited into my savings
        account a few months later. However, neither entries show up on
        W2 or any other official records (not even ADP). I asked my boss
        if I should talk to someone about this, and he said "don't worry
	...
2013/3/9-4/16 [Finance/Banking] UID:54621 Activity:nil
3/9     In a 15/30 year loan, the amount of payment stays the same but
        the payment on interest decreases while the principal increases.
        Suppose I decide to pay off a huge chunk of principal, will
        the amount of interest I need to pay decrease drastically, or
        do banks still want to take out a huge chunk of interest rate?
        \_ You don't actually have separate "interest" and "principal"; you
	...
2011/11/27-2012/1/10 [Finance/Banking] UID:54243 Activity:nil
11/27   Whoa, since when did FDIC coverage go up to $250,000? That's cool.
        So is this coverage per customer per bank, per account per bank,
        total per person, etc?
        \_ I believe that it is per customer per bank. Not 100% sure though.
           \_ Yes, and you can get even more with joint accounts, etc.:
              http://www.fdic.gov/deposit/deposits/dis/index.html
	...
Cache (177 bytes)
gmacbank.com
Ally GMAC Bank is now Ally Bank Which means you'll get everything you like about GMAC Bank and more. Just log in with your same username and password to see the Ally difference.