Online Coupons, Deals, Discounts, Promotions, Product Reviews Blog

In another move by Federal Regulators, an arrangement has been made for CitiGroup to Acquire Wachovia Banking for an estimated $2.1 Billion dollars. In doing so, CitiGroup now has 4,300 U.S branches and $600 billion in total assets. This also means that CitiGroup has assumed the $53 Billion dollars worth of debt of Wachovia was responsible for and $42 Billion worth of losses from their loan portfolio. As a huge acquisition, CitiGroup is now considered to be one of the biggest and most stable financial institutions next to JP Morgan and Bank of America Corp, and is the overall leader in total assets with $2.91 trillion. Thanks to an unstable market and delinquencies mortgage payments, this has been a huge week of loses as the Federal Government also seized Washington Mutual, which was then sold to JP Morgan for a ridiculously cheap $1.9 billion dollars. Now CityGroup needs to concentrate on slashing its quarterly dividends and sell off $10 billion in common stock in order to cut its loses from the recent buy out.

I don’t know about you but I am tired of putting my money into a regular savings account, only to watch accumulate the bare minimum amount of interest. What is the point of saving money if it is not going to work for you? Putting your funds into an ING Direct account is a perfectly safe and secure way of getting a great interest rate with no fees or minimums required. You don’t even need to change your bank! All it takes is 5 minutes to fill out the online application and your Orange Savings Account is yours ING is able to give you a better rate of interest because of their banking services are electronic. That means no lines at a local branch, 24 access to your account information, and secured access for only the account holder. Money magazine is quoted saying that the Orange Savings Account through ING Direct is “….The best money market account in the country”, which is saying a lot considering where our current market is at. If you are interested in hassle free banking at an interested rate above the rest, check out what ING Direct has to offer you.