Good bank while in Service

[Brett327]

Read a little bit more at Consumer Reports and Bankrate.com and you are right. It looks like HSBC and ING are pretty good options, Capitol One just annoys me by sending me credit card offers every other day.....not in my wallet.....

I think I chose Capital One after reading about them in Money Magazine. They had the best rates/services at the time.

Brett

 

[pourts]

Does anyone use a money market fund in a brokerage account with check-writing priviledges?

 

[HAL Pilot]

Sounds like the 401-Keg Plan has the best interest rate....

Retirement Planning
>
> If you had purchased $1000.00 of Nortel stock one year ago, it would
> now be worth $49.00.
>
> With Enron, you would have had $16.50 left of the original $1000.00.
>
> With WorldCom, you would have had less than $5.00 left.
>
> If you had purchased $1000 of Delta Air Lines stock you would have
> $49.00 left
>
> But, if you had purchased $1,000.00 worth of beer one year ago, drank
> all the beer, then turned in the cans for the aluminum recycling
> REFUND, You would have had $214.00.
>
> Based on the above, the best current investment advice is to drink
> heavily and recycle.
>
> It's called the 401-Keg Plan.

 

[Steve Wilkins]

Does anyone use a money market fund in a brokerage account with check-writing priviledges?

Yes....Scottrade. But most brokerage accounts that I have looked into in the past all offer the same thing--check writing priviledges as well as Debit/ATM/Visa Check Card

 

[mmx1]

Retirement Planning
>
> If you had purchased $1000.00 of Nortel stock one year ago, it would
> now be worth $49.00.
>
> With Enron, you would have had $16.50 left of the original $1000.00.
>
> With WorldCom, you would have had less than $5.00 left.
>
> If you had purchased $1000 of Delta Air Lines stock you would have
> $49.00 left
>
> But, if you had purchased $1,000.00 worth of beer one year ago, drank
> all the beer, then turned in the cans for the aluminum recycling
> REFUND, You would have had $214.00.
>
> Based on the above, the best current investment advice is to drink
> heavily and recycle.
>
> It's called the 401-Keg Plan.

Here in NY, cans are .05 refund. So..4280 beers for $1000. I.e. quarter beers.

I don't think even Natty lite's that cheap.

 

[Gatordev]

I heard there were two guys who figured out how to make a profit off of drving to another state and getting a higher refund. Maybe it's just an internet legend...

 

[MasterBates]

I heard there were two guys who figured out how to make a profit off of drving to another state and getting a higher refund. Maybe it's just an internet legend...

I went to college in MI, and lived in MA. My mom's office would save all their cans for me. I took my dirtbike to school with me in a 6x10 enclosed trailer. Whatever empty space I had, was cans in bags. Would often make $150-200 for gas and beverages doing that every 6 months.

Hey, it helped when I was a broke college student (pre BDCP).

 

[AllenAzali]

I think Pacific Marine Credit Union is OK. If you stationed on the West Coast

 

[RHPF]

Just a little FYI for anyone interested in the USAA Pre-Commissioning loan.
You have to be (this is for OCS, it differs for Academies and ROTC) 18 months or less from commissioning, or no more than a year after commissioning.
No interest/payments until you commission, then it is 2% fixed APR.

Sorry for dragging up the old thread, but this might be useful for people who need some money. Hell, even if you don't need the money, chances are you could invest it in something safe and still come out with a nice profit.

 

[Carno]

^ It's a good deal, but realize that it is a 5 year loan only, so if you take the full $25k your payments will be around $440/month.

 

[NapalmRat]

can anyone send a link to that 25k loan? I've been looking around the usaa.com site and can't find any direct reference to it. Just 11% loans.

 

[zippy]

Call them and ask about it.

 

[Herc_Dude]

Call them and ask about it.

They are the most professional and helpful company I have ever delt with over the phone. USAA rocks

 

[snizo]

In my experience (for car insurance) ... State Farm offers higher quality policies at better rates than USAA. USAA is just a lot easier for people on active because it is one less company to keep track of.

 

[Kickflip89]

RE: 25k loan / OCS track.

I called them up today to check this out, here is what they told me:

1. Payments are taken from a usaa checking account where your paycheck is direct-deposited

2. 2% rate is FIXED

3. You are eligible for the loan up to a year after you commission

4. You can pay the interest at any time you like, and save yourself some money.

5. DEFAULTING includes the following:
a. not being able to make a payment
b. closing your checking account or
c. stopping direct deposit to the checking account
d. NOT commissioning!!!

6. If you default, the interest rate could go up to as high as 18%

Sooo....if like me your eyesight is not PERFECT and there is ANY chance you could be NAMI-Whammied, best advice is to wait until you graduate from OCS and are already commissioned to consider this loan.