Crikey! Looka there - it's the elusive Free Checking Account

by Erica Starr 16. March 2011

Shhh...looka there...it appears to be a rare Free checking account from what looks to be the 1st Mariner family. Just as I suspected, that there beaut is the Absolutely Free Checking Account from 1st Mariner Bank.

Crikey!*

Sadly, this breed used to roam across our nation, but began dying off in city after city. You see, according to Bankrate, in 2009 76% of banks had a substantial population of free checking, but in 2010 that number dropped to 65%. The factors that are causing this species to become extinct are hitting institutions of all sizes; large banks, small community banks and credit unions.

As with most species of the banking tribe, there are costs associated with keeping checking accounts at the top of the food chain. If these costs aren't recovered and maintained, the rest of the food chain, a.k.a customers, will feel the repercussions. Hello fees

Despite these rough times, the Absolutely Free Checking account from the 1st Mariner family has been able to maintain stability and remains one of the last truly "Free" species of its kind.

It has been said to have been spotted in and around the Baltimore, Maryland area on numerous occasions. In order to track down this elusive beast, we had to travel down into the wilds of Canton - sure nuff - there she be...

If we can just get close enough, we might be able to catch a glimpse of its grouse* features...
Cripes*...look at that...

  • No minimum balance
  • No per-check charge
  • No monthly fee
  • Free use of 1st Mariner & MoneyPass® ATMs
  • Free Visa® Check Card
  • Free Online Banking
  • Free Bill Pay
  • Free use of Mariner360

Stunning....what a beaut!

If you want to see this rare beast up close and personal like, you don't have to journey far. Just make your way into a 1st Mariner branch and one of our helpful tour guides can hand you the leash. Or even better, click here to capture your own Absolutely Free Checking account today.

For more information about the scarcity of free checking accounts, click here.

Aussie Lingo Legend

*Crikey: Expression of surprise
*Cripes: see Crikey
*Grouce: Great, terrifc, very good

2011 Tax Planning Tips

by Marylove Moy 23. February 2011

Do you really want to read about tax planning????

Ummm…

The answer is a big YES because it can help you and your family’s financial situation.

Goal number one in tax planning is to reduce your taxable income or adjusted gross income (AGI). Aside from the obvious fact that the easiest way to reduce your income is to earn less (duh!), the best way to reduce your AGI is to contribute to a (401k) or whatever retirement plan is offered to you by your employer. Your contribution reduces your wages and therefore lowers your tax bill.

Don’t tell me that you can’t afford to increase your contribution rate to your retirement plan. Try bringing in your lunch a few days a week or pass on a couple of lattes; those dollars add up. Better yet, try signing up for a Personal Finance Manager (PFM) such as Mariner360 and find out where your money REALLY goes. I'll bet you'll be able to spot a few places where you are spending unnecessary dollars that could be going towards your retirement.

Talk about killing two birds with one stone: reducing your tax bill and saving for your retirement!

Now that is a plan.

As always, please consult your tax advisor when when completing your tax return.

The Super Bowl indicator is giving an unambiguous buy signal

by Marylove Moy 31. January 2011

According to the Super Bowl theory, stocks will rise this year no matter which team wins. This is because both the Green Bay Packers and the Pittsburgh Steelers trace their roots to the original National Football league. And this theory postulates that when a team from the old NFL wins, the stock market tends to go up.

Although Green Bay appears to be the early favorite to win the game, investors might be better off if Pittsburgh becomes the 2010 Super Bowl champs. The Dow Jones Industrial Average has risen an average of 14% in the three years that the Packers won, while rising an average of 18.4% in the six years that the Steelers were victorious. This is a true dilemma for Baltimore Ravens fans.

Only time will tell…but…maybe time to test those toes in the equity markets!!!

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee for future result. All indices are unmanaged an cannot be invested into directly.



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