Is My Free Savings Account Costing Me Anything? Modest Money35 Comments

Hey everyone, thanks for joining me for this week’s Monday Money. I’m Josh, the guy behind this column and I like to talk about various things here. Today, I’m going to go over a bit of an unorthodox topic. The fact of the matter is, many banks boast about free savings accounts. But, what is the underlying cost of taking advantage of one of these “Free” accounts? And, once you know the underlying cost, is it worth using one?

This topic came up as I started to invest a month or so back. I wrote a review of Betterment here. While I was doing research for the article, I was wowed by the offer that Betterment was providing. I wrote another article here that discussed my options. And, you, the readers helped me to make my decision through the comments. Long story short, I opened a Betterment account and have been happy with it since.

A few weeks after opening my betterment account, I started to look at other financial accounts I had. Mainly, I was looking at my free savings account. For a couple of years now, I’ve been putting money into this savings account and watching it…

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This entry was posted in Financial Advice, Monday Money, and tagged , Modest Money35 Comments
By : Josh Rodriguez | 30 Sep 2013
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EverBank Review – Exclusive Review of EverBank Online Banking

By : Josh Rodriguez | 27 Sep 2013

Hey Everyone, Josh here again for another Modest Money review! Today, we are going to go over one of the fads that seems to be sweeping the world, online banking. Now, there are a lot of online banks out there, and I understand the need …

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How to Get the Best Possible Price when Selling your Car

By : Adam | 26 Sep 2013

The following is a guest post. If interested in submitting a guest post, please read my guest post policy and then contact me. If you’re ready to trade your old car in for something new, you have a few options. You can either turn it …

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9 Ways You Can Make Money From Blogging

By : Jeremy Biberdorf | 25 Sep 2013

Check out my new guide for starting your blog to learn how to go about properly creating your own blog. Somehow it looks like I missed covering this week’s topic. Considering how many e-mails I get about this, I don’t know how that happened. If …

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Selling Property: FSBO or Real Estate Agent?

By : Adam | 24 Sep 2013

The following is a guest post about whether you should use FSBO or a real estate agent when selling property. If interested in submitting a guest post, please read my guest post policy and then contact me. Real estate has become a rather lucrative business …

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What I Learned About Investing In The Last Month

By : Josh Rodriguez | 23 Sep 2013

Hey everyone, thanks for joining me for this week’s Monday Money. I’m Josh, the guy behind this column. I’ve covered a bunch of topics here ranging from credit scores to credit cards to budgeting and more. There is one thing that I haven’t talked much …

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Equipment Breakdown Coverage

By : Adam | 23 Sep 2013

The following is a guest post about equipment breakdown coverage. If interested in submitting a guest post, please read my guest post policy and then contact me. Equipment breakdown coverage, or as sometimes referred to as boiler and machinery, system breakdown, or machinery breakdown, is …

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