In the UK, children’s savings account are common. My kids have two of them there with different banks. Both came with special features designed to encourage them to save — a little plastic bank to sort their coins, for example, or a bonus on their interest. But here in the US, banks are apparently uninterested [...]
Joy. Citibank closed my credit card today, not because of anything I did but because of some unknown merchant problem. Aside from being an inconvenience to me, Citibank also apparently thought it was a good time to pitch me on credit monitoring. Bad idea.
Apparently, some undisclosed merchant out there had a security problem that has [...]
From time to time over the years, I’ve had various investment analysts want to talk to me about my thoughts on how a particular search company might do. What cracks me up is that invariably, they think I should provide such advice for free. I have peers in the search space and [...]
For all the concerns people have about internet search, privacy and “all that info Google knows about us,” I remain amazed at how much power credit reporting agencies have to really dick with our lives and publish incorrect information about us, with us seeming to have little ability to resolve things. And [...]
Photo By
Dominicspics, Used Under CC licence.
When I was in high school, I remember reading about how the Federal Deposit
Insurance Corporation was set up
during the Great Depression as a way to ensure people that their deposits would
be safe. FDIC
guaranteed up to $100,000 would be protected no matter if a bank failed. It
was an amazing sum [...]
When I first came to live in Britain about 10 years ago, there was a wave of
building societies being turned into banks — and cash windfalls for the
building society shareholders. Building societies are the UK name for what those
in the US call credit unions. That wave came and passed, but a mini-wave has
just hit again, [...]
I love Cahoot, my main online bank
here in the UK, but I fear the days of its stingy chequebook policies have
returned. I’m back to begging for a new one, something that will sound
especially strange to American readers.
In the UK, you don’t pay for your checkbooks (I’m going with the American
spelling now). They’re free from your [...]
Years ago, my internet bank of choice was Egg.
High interest rates on savings, and then later I did an offset mortgage with
them. But Cahoot later gave much better
rates, so I moved most of my banking over there. Now my mortgage has shifted to
Intelligent Finance, so I wanted to move some
of my money in my offset [...]