Comments on: FNBO Direct http://www.bluntmoney.com/fnbo-direct/ Thu, 17 Dec 2009 12:51:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: bluntmoney http://www.bluntmoney.com/fnbo-direct/comment-page-1/#comment-15384 bluntmoney Fri, 22 Jun 2007 22:41:54 +0000 http://www.bluntmoney.com/fnbo-direct/#comment-15384 I got the info I needed to finish setting up the account up the next day. I think you can link more than one account, but I'm not sure. The FAQs on their web site will probably say though. I got the info I needed to finish setting up the account up the next day. I think you can link more than one account, but I’m not sure. The FAQs on their web site will probably say though.

]]> By: MSMomsmoney http://www.bluntmoney.com/fnbo-direct/comment-page-1/#comment-15380 MSMomsmoney Fri, 22 Jun 2007 19:44:25 +0000 http://www.bluntmoney.com/fnbo-direct/#comment-15380 Well, I just went for it! Thanks again BM.... I funded it with $5 from my checking account to start...when do I set up my online password/userid? Do you know if I can have more than one account linked to the account? Well, I just went for it! Thanks again BM….

I funded it with $5 from my checking account to start…when do I set up my online password/userid?

Do you know if I can have more than one account linked to the account?

]]> By: bluntmoney http://www.bluntmoney.com/fnbo-direct/comment-page-1/#comment-15378 bluntmoney Fri, 22 Jun 2007 18:29:13 +0000 http://www.bluntmoney.com/fnbo-direct/#comment-15378 Yes, I have some money in ING that I'm planning to spend very soon anyway, so I haven't bothered moving it. And I have a couple of CDs there which are earning 5.1%. Once those are up, I will leave a little there to keep the account open unless interests rates have changed. Likewise, I now have hardly any money in HSBC and I have only the minimum required in my credit union. It doesn't hurt anything to leave the accounts open though as far as I can tell. Yes, I have some money in ING that I’m planning to spend very soon anyway, so I haven’t bothered moving it. And I have a couple of CDs there which are earning 5.1%. Once those are up, I will leave a little there to keep the account open unless interests rates have changed. Likewise, I now have hardly any money in HSBC and I have only the minimum required in my credit union. It doesn’t hurt anything to leave the accounts open though as far as I can tell.

]]> By: MSMomsmoney http://www.bluntmoney.com/fnbo-direct/comment-page-1/#comment-15377 MSMomsmoney Fri, 22 Jun 2007 18:17:53 +0000 http://www.bluntmoney.com/fnbo-direct/#comment-15377 So have you reduced your money in accounts like ING, to much smaller amounts....since it is 4.5%? Just thinking about what to do. I like ING. And I have a Wamu CD that is maturing on July 5th. So have you reduced your money in accounts like ING, to much smaller amounts….since it is 4.5%?

Just thinking about what to do. I like ING. And I have a Wamu CD that is maturing on July 5th.

]]> By: bluntmoney http://www.bluntmoney.com/fnbo-direct/comment-page-1/#comment-15376 bluntmoney Fri, 22 Jun 2007 18:13:13 +0000 http://www.bluntmoney.com/fnbo-direct/#comment-15376 The number of places you have your money doesn't really matter as far as how interest is calculated goes, what matters is the interest rate you're earning in each account. For example, if I have $2000 in one account earning 5% interest and I just leave it there without adding or withdrawing any money, I'll have $2100 at the end of the year. If I have $1000 in one account at 5%, and $1000 in another account that's also at 5%, I'll end up with $1050 in each at the end of the year. (Which is still the exact same $2100.) But if I have $1000 at 4.5% and another $1000 at 5%, I'll end up with $2095 total using the same assumptions. So I want to have my money where it's going to earn the most interest, unless there are other reasons for leaving it elsewhere. The number of places you have your money doesn’t really matter as far as how interest is calculated goes, what matters is the interest rate you’re earning in each account.

For example, if I have $2000 in one account earning 5% interest and I just leave it there without adding or withdrawing any money, I’ll have $2100 at the end of the year. If I have $1000 in one account at 5%, and $1000 in another account that’s also at 5%, I’ll end up with $1050 in each at the end of the year. (Which is still the exact same $2100.)

But if I have $1000 at 4.5% and another $1000 at 5%, I’ll end up with $2095 total using the same assumptions. So I want to have my money where it’s going to earn the most interest, unless there are other reasons for leaving it elsewhere.

]]> By: Misti http://www.bluntmoney.com/fnbo-direct/comment-page-1/#comment-15374 Misti Fri, 22 Jun 2007 17:51:12 +0000 http://www.bluntmoney.com/fnbo-direct/#comment-15374 Can you still earn good interest on your money even though it's in lots of different places or do you earn more when you build up a lot in one place? Can you still earn good interest on your money even though it’s in lots of different places or do you earn more when you build up a lot in one place?

]]> By: bluntmoney http://www.bluntmoney.com/fnbo-direct/comment-page-1/#comment-15372 bluntmoney Fri, 22 Jun 2007 16:59:05 +0000 http://www.bluntmoney.com/fnbo-direct/#comment-15372 No, I don't close out the old accounts. I just have zillions of accounts... As far as switching most of my money to the new account goes, my own cutoff is more than half a percent. No, I don’t close out the old accounts. I just have zillions of accounts…
As far as switching most of my money to the new account goes, my own cutoff is more than half a percent.

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