About a month ago, I switched my primary checking account from my local brick and mortar bank to ING Direct’s Electric Orange online checking. What
Regular compound interest is (basically) the way most loans and savings accounts work, including home mortgages. Here, we’re going to use a spreadsheet to calculate
Previously, we discussed how compound interest works on a year-by-year basis, but in the real world, interest is usually compounded more often than that. For
Several readers have written me excitedly asking how exactly I do some of the calculations on this site and how compound interest works. Usually, I
While doing some calculations for my income taxes, I stumbled across the statement from my checking account for February 2006, just before my financial meltdown.
Recently, I’ve received emails from people asking me what I think of various checking accounts, such as ING’s Electric Orange or EverBank. I realized that
I’ve been weighing the positives and negatives of ING’s new Electric Orange checking account, which is now available to some existing ING Direct customers and
Over the past few months, I signed up with both ING Direct and HSBC Direct in order to try out their online savings offerings. I