Yesterday the Federal Reserve bank cut their key rate by another .5%, bringing it to an exceptionally low 1.5%.  What does that mean to you?  A couple, very important things.  For one, every bank will be announcing new, lower savings rates.  Your fancy online savings account ( you do have a fancy online savings account, [...]

Wow.  We haven’t seen 4% APY savings account rates in quite some time – the Fed and their magical rate dropping act have made sure of that.  Earning 4% on your savings is a great opportunity to (help) keep the inflation problem at bay.  That being said, I’d think long and hard about transferring your [...]

Surely by now you’ve seen some of these dollar coins floating around.  First came the George Washington coins, then John Adams, Thomas Jefferson, and now James Monroe is in production.  These coins didn’t replace the Sacagawea coins, but rather are supplementing them.  They’re gold-ish in color, and slightly larger than a quarter.  Before anyone freaks [...]

The more the Federal Reserve drops their rates, the lower rates become on Online Savings Accounts. For years, everyone recommended opening an online savings account – and for good reason. For a time, 5%+ APY was common. Earning five percent on your savings / emergency fund was fantastic, especially considering the fact that it was [...]

Not too long ago, Christmas was a truly stressful time in the Llama household. We were used to having “Plastic Christmases” – you know the kind. Every gift was purchased on a credit card. That wouldn’t have been a bad thing – if we had the means to pay off said card at the end [...]

The Fed’s interest rate drop caused ING Direct, one of the most popular online savings accounts, to drop their rate to 4.20% APY. This is a pretty normal reaction – after all, if the bank has to pay more to borrow money, then they can’t very well afford to pay you the same amount as [...]