Friday, June 19, 2009

PayPal MoneySend Is Free For US P2P Transfers

Now sending money to friends and family is free with PayPal MoneySend. PayPal today announced that domestic P2P transfers are free if the money transfer initiated from bank account or PayPal balance. And, all one needs to transfer money is email address and phone number of recipient.

Thursday, June 11, 2009

New National Bank With Higher Interest Rates

There’s a new national bank that now offers online high yield savings account options. In May 2009, GMAC(General Motors Acceptance Corporation) Bank emerged itself as Ally Bank. And, when Ally Bank re-launched, the bank unveiled several new online savings account options that provide great high rates, including a 2.05% online savings account that requires no minimum opening deposit or minimum balance and a 2.30% no penalty nine month CD (as on 6/12/09). As with saving account, no penalty CD can also be opened with $0. Both saving accounts and CDs are FDIC insured. See more details here.