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Financial Resources

Starwood Preferred Credit Card from American Express Lets You Enjoy Traveling Rewards

By BankAim · Comments (0) · January 26th, 2012
Thursday, January 26th, 2012

Spending money has never been this rewarding. American Express has come up with the Starwood Preferred credit card that makes the most of your luxurious lifestyle by letting you earn rewards with every hotel stay and use you make.

The Rewards

Your string of bonus points starts when you apply and open an account for Starwood Preferred credit card. Initially, you get at least 10,000 star points when you make a purchase at any of their affiliated companies. You can also get the chance to earn even up to 25,00 bonus points when, in the period of the first 6 months of application, you can spend $5,000.

What to do with your Bonus points

Once you’ve accumulated the bonus points, you can use these to avail free flights to destinations of affiliated hotels. Booking those flights prove to be no problem as well because of the no-blackout days especially catered just for you. As for hotel privileges, you use can use these accumulated points to get some R and R at some of the biggest and luxurious names in hotels, located all across the globe. Think W Hotels, Sheraton, or even St. Regis.

If all these aren’t fancy enough for you, then try booking a 5-night stay at any participating resort in the French Polynesia or Hawaii. Your fifth night is for free, with a resort credit of up to $100.

The more you spend on the facilities of these resorts and hotels, the more you earn points. And with more points come greater rewards – truly an amazing way for you to keep enjoying the uptown life.

Other exclusive benefits include a late check-out time of 4 p.m. and upgrades to rooms. You are also automatically enrolled in the SPG, or Starwood Preferred Guest Program that allows you to enjoy even more benefits. This includes deals on entertainment, shopping, and Broadway shows – all with just one card.

The Starwood Preferred credit card does not require an annual fee for your first year of application. After this grace period, a yearly fee of $65 is a must. Its APR rate may prove to be higher in comparison to the minimum APR of 13.0% these days, but its figures are variable, depending on the market economy. As of this writing, the APR is fixed at 15.24% to 19.25%.

If you open an Starwood preferred card now, you can enjoy the high-life with just a swipes of your card.

About American Express

American Express is known to cater people with different financial backgrounds for decades. Today, it is a widely trusted name in card issuer, making it able to build strong loyalty with its customers.

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Doral Bank does well with 1.15% Annual CD Rate

By BankAim · Comments (0) · January 25th, 2012
Wednesday, January 25th, 2012

Stop for a moment and think about you goals in life. Do you want to buy a new car next year? Or perhaps you want to start saving for your kids’ college fund? Oh wait, there’s still that old farmhouse in the country you’ve been eyeing to have for your retirement. Whether your goals are for long-term or short-term, we all know that getting the money we need is the vehicle by which we can reach these dreams.

Doral Bank understands this need, and that’s why they’ve set a very high APR of up to 1.15% for a 1-year CD. And since other banks or lending groups are trailing far behind at 1.080% or 0.990% rates, Doral Bank’s offer is quite a lucrative deal to sign up for indeed.

Here are the rates as follows:

6 month certificate – 0.75%
9 month certificate – 0.75%
12 month certificate – 1.15%
18 month certificate – 1.15%
24 month certificate – 1.15%
36 month certificate – 1.50%
48 month certificate – 1.50%
60 month certificate – 1.50%

With these rates, you can customize you CD plan and choose a time period suitable for you and your needs.

How to Open An Account

It is fairly easy to start a CD account with Doral Bank. At a minimum, you must first have at least $1,000 deposit. You must also make sure that you have a daily balance of the same amount as well. This makes you eligible to avail the above APYs.

All interests undergo daily compounding, ensuring best and higher returns for you money. When it reaches full maturity, automatic renewal is in place. If however, you wish to change a term or not opt for renewal, you will be given ten days to settle the account.

If you should decide to close the account earlier than you should, or before the money reaches maturity, you will not be penalized save for a $10 fee.

About Doral Bank

Doral Bank has three main centers – one in Florida, one in New York, and another in Puerto Rico. They bank mainly on through their online services, making people’s money more accessible than it ever could. And since Doral Bank is a member of the Federal Insurance Deposit Corporation, or FDIC, you are insured of at least $250,000. Their emphasis on security has placed them among the ranks of well-trusted banking services in the country.

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Flying High with Delta SkyMiles Card

By BankAim · Comments (0) · January 24th, 2012
Tuesday, January 24th, 2012

Credit cards have a lot to offer. From rewards to bonus points, from cashback to special privileges, each bank has its own way of making their services desirable to consumers. For the traveling businessman or adventure buff however, a credit card with premium flight rewards is the ultimate cherry on top of their ice cream.

One of the best credit cards that offer great travelling bonuses is the Delta Skymiles program. Powered by American Express, one of the leaders in banking service here in the country, it helps you earn more miles with every dollar you spend.

What You Get

When you open Sky miles credit card account, you automatically get a three-month grace period to accumulate at least 30,000 bonus miles. You can earn this by spending $500 worth of purchases within these first three months. And just in case you don’t know how great this promotion is, here’s a tip. With the 30,000 bonus, you get more than enough points to purchase a round-trip ticket in the economy class. Now that’s real savings.

Another great benefit of this credit card is that they offer at least one free baggage checking for each of your companions, given you’re in a group of less than 9 people. That’s another $50 worth of savings – all with one card.

With the Delta Skymiles program, you can expect assistance with all your travel bookings, as you will be provided with a travel specialist if you wish to. No matter where you go, you can leave transportation worries behind because American Express also includes a Car Rental Loss and Damage Insurance – when you use your card, of course. This way, you can enjoy your vacation, take in new sights, or rush off to meeting after meeting with ease of mind over your protection and safety.

And because the more you spend, the more miles you earn, it’s like giving yourself a reward just for shopping! And just in case you unknowingly end up with a thousand pairs of shoes billed to your credit card, American Express does and will not hold you responsible for financial charges in cases of fraud.

For the first year upon opening your credit card account, you can enjoy zero annual fees. After this period, you are only expected to pay $95 on the second year, and every year thereafter. The APR for each purchase you make may vary, although at this day, it is fixed at ranges between 19.24%, 17.24%, and 15.24%.

Travel isn’t the only thing that’s big on the Delta Skymiles as well. You also get super savings from the American Express ticketing center. Now you can watch all your favorite Broadway shows –even if you have to travel 10,000 miles for it.

So for all these perks and more, open a credit card account under the Delta Skymiles program of American Express now.

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Conventional Home Loans Outshined by FHA Loans

By BankAim · Comments (0) · January 22nd, 2012
Sunday, January 22nd, 2012

The mortgage industry has been getting a few setbacks for the past few weeks. Mortgage rates has been getting higher and higher, with many rate discrepancies between lenders. This makes it hard for people to start planning their future, especially for those with a history of bad credit.

How FHA Loans differ

The Federal Housing Administration (FHA), offers one of the best mortgage rates and financial loans in the market today. This organization has aimed to cater to all the needs of potential buyers, by giving more lenient rules, as opposed to more traditional lending groups. The FHA will allow loans to be handed out to those with poor credit history, or those who have none at all.

Traditional financing looks into a person’s credit scoring, which looks into your credit background. Once you are deemed to be below their required credit score, you are automatically disqualified. But with FHA loans, none of this matters. They will only require you to write a reasonable explanation for the circumstances that led to your poor credit history. For cases of past bankruptcy, special cases are considered after their perusal.

Comparing Rates

Today, the lowest APR you can get for a 30-year fixed mortgage is around 3.250%. Many lending groups, such as Amerisave and Quicken Loans have and APR of 3.891% and 4.174% respectively. These are still relatively high interest rates.

The FHA only offers 3.75% APR. And because this is the interest rate for a fixed-price mortgage loan, you can be assured of some stability, no matter how unstable the real estate market becomes. For those who are seeking more liquidity, the AMR offers even lower interest rates. With this, you are only expected to give interest pays. This can significantly lower your monthly bills.

Once you get approved for a loan, you are expected to pay about 10% initial deposit of the sum amount. You must also ensure that the monthly cost of your housing will not go beyond 41% of your monthly income. This is a really great offer from the FHA since many other banks provide to be stricter with regards to these rules.

About FHA

Established in 1934, the FHA has been aiming to provide affordable housing loans to those who are underqualified from many conventional lending groups. Now, many people are realizing their dreams of purchasing their own houses. The FHA is the perfect solution in cases when a particular home buyer is unable to continue with the loan. In such cases, the FHA frees the lender from paying the insurance fund. So if you’re just starting out and thinking about buying your first house, you’ll never have to think twice again. Choose IHL Direct FHA Loans.

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The Perfect Credit Card for Less Than Perfect Credit from Capital One

By BankAim · Comments (0) · January 21st, 2012
Saturday, January 21st, 2012

Building a good credit record isn’t always easy. But as it has been said, nobody can go back and start a new beginning, but anyone can make a different ending. And ending up with a good credit record in spite of a previously bad one is the reason why Capital One banks offers its exclusive Secured Mastercard Credit Card.

How It Works

To be eligible, you need to have a poor credit quality and history. Once your application is approved, you are required to make a security deposit, which is refundable. You have the option of paying everything at once or adding the amount as you go along. As long as you are able to pay off the full amount within 80 days, you’re good to go.

Once you have deposited the minimum amount, you are then given $200 minimum worth of credit line. You can use this to make your purchases, or in times when you really need some cash. By adding more money to your initial deposit, you can increase your card’s credit line.

There are three credit bureaus in which your card status will be reported to automatically. These bureaus can determine if you may qualify for a future credit line increase, based on your credit history and credit payment.

This security deposit is important because it acts as your collateral. If you should ever decide to close your account after having paid the your security deposit in full, you can still get the full refund on this amount.

Because Capital One reports to the credit bureaus all payment history of your card, you can have the chance to build up a new and good credit history once again. By making sure to pay on time monthly, you can get a fresh start with Capital One’s Secured Mastercard.

What About Rates?

For purchases and account transfers, you can enjoy a 22.9% APR. As for those Cash advances, they get to have 24.9% APR as well. Annual fees are fixed at $29, while there are no transaction fees for transfers. You will be issued penalty fees for returned or late payment, at $35 and $19 respectively. There are no penalty fees for over-the-credit-limit as well.

Known as one of America’s most widely recognized banks, Capital One offers one of the best banking services and secure accounts there is. Because it has been proven to be a trusted and reliable name in banking, your credit future can still have hope to recover.

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0.95% APY for 1 Yr CD from Colorado Federal Savings Bank

By BankAim · Comments (0) · January 20th, 2012
Friday, January 20th, 2012

The rise and fall of CD rates are often unpredictable. However, the past week has seen some steady flow, with bank CD rates of 0.99% – 1.00%. The money market has been responding well despite the ongoing European crisis, and keeping rates steady is the next best thing to having the high interest rates which we can only hope for.

The Colorado Federal Savings Bank is among these few banks that provide stability. With their offering of 0.95% APY from a single issuance of a CD account, you can expect high returns for your savings. As of today, the Colorado Federal Savings Bank goes on a head-on race with other big leaders on CD offers, such as Ally Bank’s 0.99% offering, and even Sallie Mae’s 1.00% APY. This competitive rate can assure depositors they won’t feel cheated out of their money, and let them expect great savings as well.

What It Offers

Any certificate of deposit account starts with an initial amount. Colorado Federal Savings Bank requires a minimum deposit amount of $5,000, in which your yearly interest is based on. And since your money is compounded daily, you can expect greater returns and bigger growth to your money, as opposed to those which are compounded on a weekly, monthly, or even quarterly basis.

Once you’ve locked in your amount, you can expect any of the following APY rates for your money:

6 month CD = 0.75%
1 year CD = 0.95%
18 month CD = 1.00%
2 year CD = 1.10%
3 year CD = 1.35%
5 year CD = 1.80%

Within your preferred time of maturity for your money, the funds will remain inaccessible. The choice of which maturity period you intend to go for rests in you, but these funds remain inaccessible throughout the whole maturity period. Every depositor is insured at least $250,00 by the FDIC, so you feel financially secured in spite of unforeseen and uneventful events. No service fees are collected for any online banking access, nor are there any monthly maintenance fees. However, early withdrawals are subjected to penalties.

You can open an account online, as long as you are able to submit basic identification requirements. Once your application gets approved, funds are expected to be deposited within ten days from application. Failure to do so will result in the forfeiting of your application.

Open an account with Colorado Federal Savings Bank today and watch your money grow exponentially.

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Pen-Fed Offers High 1.50% APY for 1 Yr CD to US Military

By BankAim · Comments (0) · January 18th, 2012
Wednesday, January 18th, 2012

With today’s standard APY fixed at a 1-year CD of 0.99%, finding rates higher than this is like finding a pot of gold at the end of the rainbow – lucky and very rewarding. Specifically created for the benefit of members of the US military, the Pentagon-Federal Credit Union offers an interest rate of 1.50% annually in their certificate of deposit accounts. This offer is among the highest there is today, alongside Doral Bank’s 1.50% and AloStar Bank of Commerce’s 1.030% APY.

The Money Market Certificate

While traditional CD offers compounding your deposits annually at the least, the Pen-Fed offers what is called the Money Market Certificate. Here, your money can be compounded in six months. After this, you can have the option to transfer the amount to another account, or credited at maturity as well.

In order to open a new account, you need to deposit only a minimum of $1,000. Penalty fees are issued when the account is withdrawn before it reaches maturity, however, you may utilize 95% of the initial amount for the certificate to be used as collateral when you loan.

Upon opening an account, you are automatically given free reign over the dividend options of your certificate. You may get to choose any of the following actions:

1. Sum up the dividends to your certificate
2. Have them transferred to your Checking, Sharing, or Money Market Account
3. Sent to you through a check

Upon maturity of the principal amount, you can use any of the aforementioned choices as well.

Unless you inform Pen-Fed of any changes in your decision, automatic renewal of the certificate will ensue.

Truly, the Pen-Fed Credit Union allows those in service to not only save lives, but save their money as well.

About Pen-Fed

For over 77 years, the Pentagon Federal Credit Union has catered to the banking and financial needs of members from the US Army, Air Force, Department of Homeland Security, Coast Guard, Department of Defense, veterans of foreign wars, and other defense-related companies.

With over $15 billion in assets and its strong credibility built from years of experience, the Pen-Fed Credit Union is one of the most stable and trusted companies in the country. Just like its members, the men and women that help protect our nation, the Pen-Fed is well-reputed for its attention to the utmost security of its accounts.

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Building Your Future with the Discover Student More Credit Card

By BankAim · Comments (0) · January 17th, 2012
Tuesday, January 17th, 2012

Finally, you’re about to send off your kid to college. And of course, every parent wants to see their children start out their newly independent life with a good record. But why not start them out with a good credit as well?

Everyone knows that building a good credit is important. With it, one is able to enjoy the rewards that come only after a good deal of discipline and punctuality for the cardholder’s part.

Discover Bank has been hailed for its strong credibility, which is based on a strong foundation of innovation and changes for the improvement of services to its customers. It caters to different levels of individuals, young and old. The Discover Student More Card helps give youngsters a good start on life by giving the chance to build good credit with them.

What To Expect

The Student More Card boasts a low APR, and low interest rates. For the first nine months, it offers absolutely zero percent APR, then steadily increasing to 12.99%-19.99%. This rate depends on the Standard Variable Purchase APR, and on the credibility of your credit record. To avoid any fees and to maintain a good record, be sure to settle any balances within 25 days after each closing of the billing period.

For students who expect more from what they do, the 5% Cashbank Bonus proves to be a very good deal-sealer. There’s a little something for everyone as these rewards can be redeemed from any of the following categories: restaurants, stores, or gas shops. As for the confessed-shopaholics, they can take advantage of an exclusive cashbank bonus of as much as 5%-20% from an online shopping store. The Discover Student More credit Card helps them get listed only for this purpose.

As for everything else, there is always the unlimited 1% cashback bonus. One can automatically buy textbooks, notebooks, and all other college needs – with added perks of course.

Another great thing about the Student More Card is that it allows the member to choose the type of rewards he/she wants. Be it in cash, for charity, as partner gift cards or Discover gift cards, and even merchandise, students can really exercise their power in making independent choices.

Undeniably, the most appealing feature of this card is its cashbank bonus. Because your kid gets to earn extra cash by swiping his card, he/she won’t have to ask for that extra allowance ever again. Working well in both ways, this card may just be the perfect partner for students – and their parents alike.

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