Archive for the ‘Banking’ Category

The magic of compounding has left the building?

Friday, February 3rd, 2012

You've heard of the magic of compounding, right? If not, here's a quick version.  Let's say you have a savings account that earns 1% per month.  (Don't laugh too hard.  My dad had one that paid this rate at one point.)  Let's say also that you put in $1,000 at the ...

A Black Friday special — on loans?!

Wednesday, November 23rd, 2011

I have to hand it to my credit union.  Their marketing is pretty good!  They advertised an unsecured loan special, good through today, at rates starting at 7.5% for up to 12 months for amounts between $500 and $2,500.  It ends today presumably so that people can have the money ...

A moment of clarity from a cranky bank representative

Saturday, October 22nd, 2011

The Alexa Toolbar has some interesting headlines come across it.  It draws on Reddit fairly often.  The submitter for this article now has about 1600 net votes from describing their experience calling up a representative at a bank to contest their new monthly service fee. It's clear that the representative could ...

What to do with an old cashier’s check

Thursday, August 11th, 2011

Yesterday I received an unexpected surprise: a cashier's check for $87.50.  It was for a gig I played almost a year ago, and I had since practically forgotten about it. What was a bit unusual, though, was that the check didn't have a recent date on it.  The date was in ...