One of the videos making the rounds on the Internet is a call for a “Debtors Revolt”. This video (with two swears, neither of them the F-bomb), highlights the plight of a woman whose credit card interest rate is being raised. She claims she has been responsible, and that there is no rationale for the hike. (Although she later admits she did miss one payment.) At any rate, she does make some good points about credit card practices and their inherent fairness.
But it is also important to realize that credit cards never claimed to be fair. And, while the new …read more

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Where can you get a 6% return on your cash? Probably not in a CD or a high-yield online savings account. Increasingly, the answer to going beyond mere capital preservation is to look local. Some regional and local banks and credit unions offer so-called rewards checking accounts that offer returns of between 3% and 6%. In this economy, where the big guys are offering cash yields of something closer to 2% for “high-yield” savings accounts, that’s nothing to sneeze at.
Of course, many of these rewards checking accounts limit your total yearly yield, and you will have to maintain a minimum …read more