Personal Internet Banking

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12 Responses to “Online Banking”

1. 
   Comment by kirara522
   January 2nd, 2008

   What is your opinion of keeping money on PAYPAL’s MoneyMarket, currently @ 4.64% ?
2. 
   Comment by yuppymoney
   January 2nd, 2008

   I think it’s a great idea - I definitely recommend investing with it if you are a fan of PayPal - The rate is great and it’s a reputable company - Just be aware it is not FDIC insured.
3. 
   Comment by kirara522
   January 2nd, 2008

   That has crossed my mind already, which is why I was pondering the possibility of using HSBCdirect online High-Yield savings. If I’m correct, that should offer a similar interest rate WITH the FDIC insurance.
4. 
   Comment by yuppymoney
   January 9th, 2008

   Yes, you are right - The HSBC account you are describing above IS FDIC insured, because it is a savings account, not a money market account.
5. 
   Comment by abdi340
   January 20th, 2008

   EmigrantDirect is another great online bank.
6. 
   Comment by yuppymoney
   January 20th, 2008

   Yes, that is another great online option - More and more of these online savings accounts are popping up, which is great for us consumers.
7. 
   Comment by sliv812
   January 29th, 2008

   With the Federal Reserve aggressively cutting short term interst rates, savings account interest rates will continue to go down for all banks. As those rates drops, stashing cash in savings accounts for long-term savings seems to make less sense.
8. 
   Comment by CHARLIETWW
   February 5th, 2008

   I agree with you. I also save most of my money in an online bank.
9. 
   Comment by yuppymoney
   February 9th, 2008

   Yes you are right - I will be making a video on other options.
10. 
    Comment by wallysblack
    February 28th, 2008

    Could you give a list of online banks with high Yield savings besides Ing Direct?
11. 
    Comment by yuppymoney
    May 1st, 2008

    You can google ‘online banks’ or something similar - Unfortunately, rates are a bit lower now - In the 3 percent range - I would avoid the WAMU online savings account - I had one and it was a disaster setting up, etc. - ETrade has a great online savings account - Try that.
12. 
    Comment by gagan0555
    July 28th, 2008

    what is a money market account?
    Can you please shed some light on opening a demat account for trading stocks? and how to start investing in mutual funds?