You can earn the top nationally available savings rate at Tennessee Commerce Bank with no restrictions.
Until Friday.
Then you’ll need to also open a checking account (there are several options) when you open your savings account to earn the top rates advertised in the Franklin, Tenn., bank’s special offer.
Tennessee Commerce’s savings account pays 1.50% APY on balances between $250 and $99,999. The bank pays 1.55% APY for balances between $100,000 and $249,999 and 1.6% on any balance above $250,000.
That beats the best nationally available rate of 1.31% APY offered by SFGI Direct. The Tennessee Commerce Bank deal is available on a national basis. Although the bank’s website says the special offer goes into effect April 1, if you sign up before then, all you need to do is deposit $250 to earn 1.50% APY.
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Tags: Savings, Savings Rates
Tennessee Commerce Bank has a good money in the bank deal if you are looking for a high yield savings account. Their best savings account has the following interest rates:
$250 to $99,999 1.50% APY
$100,000 to $249,999 1.55% APY
$250K and over 1.60% APY
This interest rates are effective April 1 according to the rates page of the bank. According to the bank representative, this high interest savings account requires a relationship checking. Their consumer checking account requires an opening deposit of at least $250 with the first set of checks free of charge. You need to maintain the balance of at least $250 so you can avoid a monthly service fee of $25.
One good news about this savings account is that it is being offered nationwide. Interested individuals fro
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Tags: Bank, Commerce Bank, Tennessee Commerce, Tennessee Commerce Bank
Considering the current economic situation, we are stuck with several loans and are stressed out trying to calculate how to pay off debt. If you have to pay a student loan, medical loan or payment of a purchase, a debt consolidation loan can be a solution to your problem.
As defined, debt consolidation loan is a loan that you can take charge of different pay all debts that you currently have. It’s like having a primary loan that will handle all other minor debts. With debt consolidation loans, you consolidate all credit card debts and other bills into one loan to manage and reduce your monthly payments.
Debt consolidation is beneficial because it combines all the loans that you can juggle at once and lets you take control of your finances. Read more…
Tags: pay off debt
In January I received a bill from BT which was substantially higher than normal.
I rang BT. Eventually I spoke to a customer service representative – after 1 hour of being put through to inappropriate people – who told me that we had not only exceeded our broadband usage limit but we had exceeded it every month since beginning our contract three months ago.
For some bizarre reason we were not billed for our extra usage during the first three months as we were on an introductory offer. (I’m not complaining about this…)
So in our fourth month we were billed for previous month’s excessive usage which landed us with the alarmingly high bill.
BT’s overusage policy is to email the customer to inform them of the excessive usage. When I asked why I wasn’t emailed I was told that I was. ‘Oh no’, I t
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Choosing the right time to refinance can be difficult. After making the purchase, you will spend years paying the mortgage on your home to build equity but sometimes it can be a good decision to refinance the home with a new loan. There are pros and cons to refinancing and choosing the right time to refinance could save you thousands of dollars in the future.
Reasons To Refinance
There are good reasons for refinancing your home at the right time in your life. The payments that made on the mortgage loan create equity in the home and the equity can be removed to pay for other expenses. A common reason for refinancing is to send a child to college or pay tuition for continuing education. Another reason usually cited for refinancing is to lower monthly mortgage payments by refinancing a lower amount or qualifying for a lower interest rate.
Refinancing a home to take advantage of a lower interest rate can save the homeowner a great deal of money over time. If the homeowner’s credit was blemished when they took out the original mortgage loan, they may be able to qualify for a lower interest rate now if they have been able to raise their credit score. People with excellent credit scores try to refinance mortgages to take advantage of low interest rates if they obtained their original mortgage loan when interest rates were high.
Refinancing Products
Homeowners usually choose one of two main types of mortgage products when refinancing a mortgage loan. Cash-out refinancing allows the homeowner to take equity out of the home in the form of cash while financing the cash amount and balance of the original mortgage with a new mortgage loan. Rate and term refinancing is taking out a new loan at a lower interest rate to pay off the old mortgage.
Consequences
Individuals looking to refinance should be aware of the consequences of refinancing as well. Obtaining money from the equity in a home using cash-out refinancing can result in the homeowner having to pay for a longer period of time to pay off the home. Attempting to pay off the home within the original time period could raise the monthly mortgage payments to an unmanageable amount, putting the homeowner at risk of foreclosure if they get behind on the payments. The refinancing decision will depend on several different things, but careful consideration will help you determine the right time to refinance your home.
Tags: Refinance, Right Time