Jack’s Cash

Well after making my purchase yesterday I got a confirmation email from sharebuilder that I qualified for their $50 bonus! This has been a really good month for my net worth. (more…)

Great news!! Out of nowhere my dad just opened up an investment account for me with Sharebuilder. Dad ran across a promotion where Sharebuilder will give you a $50 bonus for opening a new account with them. (more…)

Good news for me. ING Direct which is where I have a majority of my money right now has just raised their savings rate from 3.5% to 3.75%. While this won’t necessarily increase my net worth a whole lot, every little bit helps. Besides it beats the measily 0.5% or less that almost every other bank offers for their savings.

For those of you who don’t know a whole lot about ING Direct, they are an FDIC insured bank just like any of the banks you probably have in your town (Chase, Wells Fargo, etc) the only difference is that while those other banks spend millions or billions of dollars building big fancy buildings with plush leather chairs, that cost all kinds of money (employees, taxes, electricity) to run and maintain, ING operates their branch soley on the internet. In return for the cost savings by not having to maintain all of these local branches they are able to offer savings rates that blow away rates offered by brick and mortar banks. (more…)