Bank of America signup fee

If you are in need for a new checking account, check out this Bank of America offer for $75 for all new, personal checking accounts. To receive your $75, apply online or go to your nearest banking center. Use offer code AOU260308, and open a personal checking account before May 31, 2008. The minimum deposit to open the account is $100 and the $75 bonus will be deposited within 90 days. Here is the link

Similar to the ING Account, I have decided to open a new account and capture the $75 bonus. I will include this in my blog savings account once I notice the deposit in my account.

CD Ladder - Rung #1

So by including my blog revenue of $202.72 into my savings account, that brings the balance to $611.24. So by surpassing this milestone, I have decided to start a CD Ladder to take my savings strategy to a different level..

Simply, a CD Ladder is a series of CD's that are setup with the same term and same amount that will expire on a frequent basis for future cash needs. Here is a link that lays out a great example.

So I have decided to open up a 6 month CD from ING with an annual percentage yield of 3.65%. Hopefully I can save/earn another $500 in a few months to create the second rung on this CD Ladder.

Smart Money Magazine pays for itself

In the October 2007 issue of Smart Money, ING Direct is offering a $25 account opening bonus with the Orange Savings Account. The Orange Savings account is 4.5% variable APY with no fees and no minimums.

To capture this account opening bonus, here is the fine print:

- Sign up by October 31st, 2007
- Include the reference code from the Smart Money magazine advertisement
- Send initial deposit, no minimum
- Only available to new accounts with a new customer as a primary owner
- $25 Bonus starts earning interest upon account opening
- $25 Bonus is unavailable for withdrawal for 30 days
- One Bonus per household

After reading all the details, this is an easy way to make $25. So I opened an account with an initial $25 deposit. After 30 days, my initial $25 deposit will be $52.19 and available for withdrawal. A great return in 30 days....

If you are interested in opening an account and would like to support my blog, email me to send you a referral email.

Here is the link to the ING Direct website

Disclosure: Author does not own any ING securities.