How much interest should a savings account earn?

January 31, 2009 by admin  
Filed under Questions and Answers

savings account
Entidine asked:


I had about $6,000 in a savings account last year and it earned about $12 in interest. That’s only about two-tenths of a percent. Is that right? I thought savings accounts earned 3% on average. 3% of $6,000 is $180. What gives?

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How do you reclaim a seized savings account?

January 15, 2009 by admin  
Filed under Questions and Answers

savings account
BlahBlahBlah asked:


I recently went to withdraw the money in my savings account, and found out that it had been seized by the state. How/What do i need to do to get it back? Is there some form to fill out of something?
No, it’s nothing like that. It was just not active for a while.

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How do i find a job as a mortgage loan officer without any mortgage experience?

January 5, 2009 by admin  
Filed under Questions and Answers

mortgage
dre_gh asked:


I currently work in a distribution center, and i have a bachelors in economics and psychology. I am interested in becoming a mortgage loan officer so i took a 24 credit hour course in residential mortgage lending but unfortunately i haven’t been able to find a job because i do not have any mortgage or lending experience. What else should i do to achieve my carer goal?

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How do mortgage companies determine which credit score to use?

January 5, 2009 by admin  
Filed under Questions and Answers

mortgage
Melissa T asked:


With the three credit scores being different, which do they use to determine you qualification for a mortgage? Or do they simply average all three scores. My husband has two scores at around 540 and his transunion is at 605. What are his chances?

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Can I use a savings account instead of checking for paypal?

January 3, 2009 by admin  
Filed under Questions and Answers

savings account
starlight_940 asked:


I’m being asked to verify my new paypal account with my checking information. I know I have to have an account in order to get payed from them, but can I use a savings instead of checking? I more or less just want the money to build up and accumulate so I have some savings to fall back on.

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