Prosperity Trek by Prosperity Concierge » Banking

Savings Account, Checking Account, Credit Card Strategy

Prosperity Concierge — Wed, 14 Oct 2009 15:15:58 +0000

Forget the quaint notion that you should have your checking account, credit card and savings account all at the same bank.

Instead, look to cherry-pick the best of these accounts – with the goal of sidestepping fees, piling up credit-card rewards, earning extra interest and building a great credit score. Sound like a lot of work?

Continue reading Savings Account, Checking Account, Credit Card Strategy

Credit Unions for Your Banking

Prosperity Concierge — Thu, 08 Oct 2009 17:12:43 +0000

Credit unions still only command 6% of the U.S. market, according to the National Credit Union Administration, a government regulator.

The small size doesn’t mean they should be overlooked as an option, however. Not only do credit unions tend to offer better interest rates and fewer fees, but their conservative nature (when it comes to the

Continue reading Credit Unions for Your Banking

Have a Banking Relationship

Prosperity Concierge — Sat, 20 Jun 2009 20:07:32 +0000

Establish a banking relationship.

The Consumer Federation of America conducted a survey of check-cashing outlets and found that the average transaction charge for a $1,002 Social Security check in 2006 was $24.45. Their customers pay on average $19.66 every week to cash a $478.41 handwritten paper check. These charges add up on an annualized basis.

When you

Continue reading Have a Banking Relationship

Banking Fees

Prosperity Concierge — Sat, 20 Jun 2009 20:01:42 +0000

To eliminate banking fees start by signing up for alerts from your bank. Many banks will send you an email or cellphone text alert when your balance falls below a specific threshold.

Another option is to sign up for a “transfer service” that will automatically tap a savings account or a line of credit or

Continue reading Banking Fees

Auction Your Cash to Increase Your Rate of Return

Prosperity Concierge — Sat, 20 Jun 2009 19:57:56 +0000

If you think you deserve a higher rate of return on the cash you lend then consider an alternative to the Certificate of Deposit your local bank offers.

MoneyAisle.com allows you to auction your cash to the highest bidder. The good news is that all of the bidders are FDIC-insured banks. All of the

Continue reading Auction Your Cash to Increase Your Rate of Return

Banking Resources

Prosperity Concierge — Tue, 16 Jun 2009 00:26:57 +0000

Information Best Savings Rates

Visit Billshrink.com and type in your current balance, the features you want (such as online bill paying or ATM access), and other information, and the site presents you with savings accounts and CDs that will leave give you the most return for your money. BillShrink can send you alerts when a better rate

Continue reading Banking Resources

Your Checking Account is for Convenience – Make Sure Your Money is Working Hard For You

Prosperity Concierge — Tue, 16 Jun 2009 00:25:32 +0000

You may have too much money sitting in a low-interest checking account. Watch your account balance to make sure you don’t have too much money tied up in a low-interest checking account.

Checking accounts are notorious for paying a low rate of interest. Remember why you have a checking account: convenience.

Once the funds start to

Continue reading Your Checking Account is for Convenience – Make Sure Your Money is Working Hard For You