Archive for June, 2008

Is there any reason to keep an old checking and savings account?

Sunday, June 29th, 2008

tg asked: I opened up a new checking and savings account package with Chase bank with a higher interest, and want to know if there is any drawback to closing my old savings and checking account. I already closed my old savings account. Also Is 2.50% interest a year good for the amount 15-30K?Frank

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Does having a savings account really count in your credit score?

Saturday, June 28th, 2008

Butterfly asked: I have heard some people say that having a savings account improves your credit score, but i’ve only started hearing this recently. I only have a checkings account but if having a savings will help build my score then I will definitely go get one soon. I’d planned on getting one [...]

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Can I use a savings account with PayPal ?

Saturday, June 21st, 2008

mike_mcallister37 asked: I understand eBay is planning to change to an PayPal — only payment system . Can I use a savings account with PayPal, or do I have to [...]

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Savings Accounts: Put Your Savings in the Fast Lane

Monday, June 16th, 2008

Looking to boost your savings? With the state of the economy at the moment it is wise to stay away from new debts for big items such as autos or electronics and go back to the old fashioned method of actually saving for the things you want. A big item like an auto or vacation [...]

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How much tax do I pay for gains on an online savings account?

Thursday, June 12th, 2008

Howard500 asked: Hi,
Could anybody tell me how much tax has to be paid on any gains produced by an online savings account? An average, a maximum or more precise data would be appreciated!
Thanks in advance.
Say I am in the 25 or 33% tax braket and earn arround 10,000-20,000 in interest a year from my savings [...]

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Savings Account?

Thursday, June 12th, 2008

Kyle asked: If I place $100 into a savings account with 1% YPR how much is added onto my original deposit?Jerry Cronan

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cash for annuity payment