Comments on: Thank You Federal Reserve http://freefrombroke.com/2009/01/federal-reserve.html A Personal Finance Blog for Regular Folks Fri, 19 Mar 2010 01:19:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: ffbhttp://freefrombroke.com/2009/01/federal-reserve.html/comment-page-1#comment-12731 ffb Tue, 06 Jan 2009 19:19:53 +0000 http://freefrombroke.com/?p=1054#comment-12731 @ Jarod - I agree. We'll see what happens with the new administration. @ Jarod – I agree. We’ll see what happens with the new administration.

]]> By: Jarodhttp://freefrombroke.com/2009/01/federal-reserve.html/comment-page-1#comment-12716 Jarod Tue, 06 Jan 2009 15:47:24 +0000 http://freefrombroke.com/?p=1054#comment-12716 I also wish there were more incentives for saving. Perhaps if they didn't tax interest as mentioned, more would save thus creating a better supported economy that encourages spending. imo I also wish there were more incentives for saving. Perhaps if they didn’t tax interest as mentioned, more would save thus creating a better supported economy that encourages spending. imo

]]> By: ffbhttp://freefrombroke.com/2009/01/federal-reserve.html/comment-page-1#comment-12646 ffb Mon, 05 Jan 2009 21:52:23 +0000 http://freefrombroke.com/?p=1054#comment-12646 @ Melissa - Not that I'm trying to jinx anything but I remember years back ING going under 2% for a bit. @ Melissa – Not that I’m trying to jinx anything but I remember years back ING going under 2% for a bit.

]]> By: Melissahttp://freefrombroke.com/2009/01/federal-reserve.html/comment-page-1#comment-12644 Melissa Mon, 05 Jan 2009 21:47:39 +0000 http://freefrombroke.com/?p=1054#comment-12644 I just got an email today saying that HSBC is lowering their interest rates again. I was really disappointed but agree that it is much better than brick and mortar. They are lowering it to 2.60% which sucks. But what can we do....I hope it doesn't go down much more. I just got an email today saying that HSBC is lowering their interest rates again. I was really disappointed but agree that it is much better than brick and mortar. They are lowering it to 2.60% which sucks. But what can we do….I hope it doesn’t go down much more.

]]> By: ffbhttp://freefrombroke.com/2009/01/federal-reserve.html/comment-page-1#comment-12544 ffb Sun, 04 Jan 2009 22:52:11 +0000 http://freefrombroke.com/?p=1054#comment-12544 @ Amy - That sounds awesome! We need that here in the states. 10K really isn't that much but it does make for some nice emergency savings which is what many people need an incentive to save for! @ Amy – That sounds awesome! We need that here in the states. 10K really isn’t that much but it does make for some nice emergency savings which is what many people need an incentive to save for!

]]> By: Amyhttp://freefrombroke.com/2009/01/federal-reserve.html/comment-page-1#comment-12468 Amy Sun, 04 Jan 2009 02:59:09 +0000 http://freefrombroke.com/?p=1054#comment-12468 My husband and I started using ING for our emergency savings this year and love it.In Canada the government has made a tax free option available starting now. You can hold the money in savings accounts, mutual funds, RRSP...it's pretty flexible.There's a limit of $5000.00 per year that you can put in and not be taxed on the interest you earn. We've moved the bulk of our savings into these tax free accounts - one for me and one for my husband which means we can earn interest on $10 000.00 per year tax free.ING started offering these accounts in fall 2008 even though they didn't come into effect until 2009. ING had a great offer to pay back the tax we would have been charged as an incentive to start an account.<abbr><em>Amy’s last blog post..<a href="http://feeds.feedburner.com/~r/blossomhandmade/mbrs/~3/502077511/inspired-by-spring.html" rel="nofollow">Inspired By Spring</a></abbr></em> My husband and I started using ING for our emergency savings this year and love it.

In Canada the government has made a tax free option available starting now. You can hold the money in savings accounts, mutual funds, RRSP…it’s pretty flexible.

There’s a limit of $5000.00 per year that you can put in and not be taxed on the interest you earn. We’ve moved the bulk of our savings into these tax free accounts – one for me and one for my husband which means we can earn interest on $10 000.00 per year tax free.

ING started offering these accounts in fall 2008 even though they didn’t come into effect until 2009. ING had a great offer to pay back the tax we would have been charged as an incentive to start an account.

Amy’s last blog post..Inspired By Spring

]]> By: ffbhttp://freefrombroke.com/2009/01/federal-reserve.html/comment-page-1#comment-12398 ffb Sat, 03 Jan 2009 01:00:16 +0000 http://freefrombroke.com/?p=1054#comment-12398 @ Sara - I know! But it's still better rates than the brick and mortar banks. @ Sara – I know! But it’s still better rates than the brick and mortar banks.

]]> By: Sarahttp://freefrombroke.com/2009/01/federal-reserve.html/comment-page-1#comment-12363 Sara Fri, 02 Jan 2009 16:10:16 +0000 http://freefrombroke.com/?p=1054#comment-12363 Ugh... I have an ING direct savings account and a GMAC direct savings account. GMAC just lowered their rate from 3.75 to 3.25...That 3.75 was the only reason I had a savings account in addition to ING. Ugh… I have an ING direct savings account and a GMAC direct savings account. GMAC just lowered their rate from 3.75 to 3.25…That 3.75 was the only reason I had a savings account in addition to ING.

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