Check that one off my list: yesterday I called the bank and set up weekly mortgage payments.
We were paying every two weeks, which is still more advantageous than once or twice a month, so now we'll save even more interest. (The difference between bi-weekly and weekly is not as great as the difference between monthly and bi-weekly, but it's still savings :)
Here's a mortgage calculator so you can compare, and see how much money you would save:
http://www.invis.ca/calculators/CABiweekly.cfm
Return to Fine Grind
2.26.2009
2.24.2009
Inactive Account
I received one of those form letters from my bank regarding the "high interest" (2.5%) savings account I have with them. It said that my account was inactive, and if I didn't conduct a transaction in the next 90 days, the account would be subject to a $20 fee.
Alrighty then. On to the website I go, looking for something to do. Lo and behold, all the other investment products I qualify for earn a lower interest rate (if that's possible ;), and most are non-redeemable!
Isn't that convenient.
I called the toll-free customer service number, ready to give them a piece of my mind, only to have the rep who answered offer to do an internal transfer (out then back in) of 1 cent, to activate my account for another year. Done.
It started me thinking about the other products they had available (for example, term deposits at under 2%) and I thought, why on earth would anyone buy them when a mere savings account offers better interest? Especially in today's shaky economy, when people may be unwilling or unable to tie up their cash?
Beats me. Your two cents?
Return to Fine Grind
Alrighty then. On to the website I go, looking for something to do. Lo and behold, all the other investment products I qualify for earn a lower interest rate (if that's possible ;), and most are non-redeemable!
Isn't that convenient.
I called the toll-free customer service number, ready to give them a piece of my mind, only to have the rep who answered offer to do an internal transfer (out then back in) of 1 cent, to activate my account for another year. Done.
It started me thinking about the other products they had available (for example, term deposits at under 2%) and I thought, why on earth would anyone buy them when a mere savings account offers better interest? Especially in today's shaky economy, when people may be unwilling or unable to tie up their cash?
Beats me. Your two cents?
Return to Fine Grind
2.01.2009
4 Ways To Save On Auto Insurance
We're doing #1, which is what inspired this post:
1) Raise your insurance deductible. We're lucky in that DH is one of the best drivers I've ever known and never seems to need the insurance coverage we pay dearly for. (Knocking on wood now, hoping I haven't jinxed him).
2) Install anti-theft devices. We have a car alarm (I'm assuming this qualifies). Not sure about a snarling Pitbull in the back seat - you'd have to check with your auto insurance company.
3) If your car is older and would cost less than your yearly premium to replace (ack), consider waiving some of your benefits, such as collision or comprehensive.
4) Last but not least, maintain a good driving record - this can qualify you for all kinds of discounts (reducing your insurance from through the roof unaffordable to simply expensive).
(sigh)
1) Raise your insurance deductible. We're lucky in that DH is one of the best drivers I've ever known and never seems to need the insurance coverage we pay dearly for. (Knocking on wood now, hoping I haven't jinxed him).
2) Install anti-theft devices. We have a car alarm (I'm assuming this qualifies). Not sure about a snarling Pitbull in the back seat - you'd have to check with your auto insurance company.
3) If your car is older and would cost less than your yearly premium to replace (ack), consider waiving some of your benefits, such as collision or comprehensive.
4) Last but not least, maintain a good driving record - this can qualify you for all kinds of discounts (reducing your insurance from through the roof unaffordable to simply expensive).
(sigh)
Happy driving everyone!
____________________
Return to Blog Scene By Jeanne
Subscribe to:
Posts (Atom)
Posts
