tag:blogger.com,1999:blog-23840632.post114271387977386119..comments2023-10-26T04:23:00.142-04:00Comments on Money and Values: Community Development BankingUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-23840632.post-54504154283686441432009-11-14T22:12:27.427-05:002009-11-14T22:12:27.427-05:00Hi,
I just wanted to say thank you for all the us...Hi,<br /><br />I just wanted to say thank you for all the useful advice on SRI. After several months of dithering (due to some paperwork issues that were my fault), I managed to move my savings from Citibank to Shorebank. It feels good to know that my money is being used for a fairly small number of possible projects, most of which I would consider beneficial to humanity in some way. Of course Citibank might have been doing that too, but there was no way to know.<br /><br />I also wanted to throw out there that the % rate was not a factor for me at all, since I'm not saving as a way to make money -- I see savings more as a necessary burden (for me to be able to change my career in a few years) which it is my responsibility to put into a place where they do least harm.<br /><br />What I would love to see would be quite simply a fully transparent bank, where all decisions and investments using my money (and everybody else's) would just be immediately available online. I hope we will get to that point -- if you have heard anything about such a bank, I would love to hear more! Googling it gave me just pipe dreams on post-Davos blog posts.Georgehttps://www.blogger.com/profile/00175553403868191090noreply@blogger.comtag:blogger.com,1999:blog-23840632.post-70204939932335241482007-06-24T17:28:00.000-04:002007-06-24T17:28:00.000-04:00Very nice blog you can also visit this blogLoans a...Very nice blog you can also visit this blog<BR/><A HREF="http://loansandbanking.blogspot.com" REL="nofollow">Loans and Banking</A><BR/>it is very nice blog that gives you advices about credits, loans and bankingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-23840632.post-61084422308327755322007-01-03T10:16:00.000-05:002007-01-03T10:16:00.000-05:00I found this link to the rates. As you guessed, t...I found <a href="http://www.eco-bank.com/rates_ind_com.html">this link</a> to the rates. As you guessed, they're lower-- about 2% for savings/MM accounts, 3.5-4%ish for CDs. As I noted in the post, I use the <a href="http://domini.com/domini-funds/Domini-Money-Market-Account/index.htm">money market account at Domini</a>, which goes into both Shorebank (standard community development) and Shorebank Pacific (the eco-bank), and the rates are higher-- current APY 4.28%. But it still won't top the top places.Britthttps://www.blogger.com/profile/02936348981871298702noreply@blogger.comtag:blogger.com,1999:blog-23840632.post-22068698913651180442007-01-03T08:18:00.000-05:002007-01-03T08:18:00.000-05:00I didn't look very hard, but I couldn't find rate ...I didn't look very hard, but I couldn't find rate information at the eco-bank. I would assume that these sorts of endeavors have lower interest rates than do banks like HSBC Direct and Emigrant Direct. We do our local banking at BofA (yeah, I know) for convenience and accessibility and hold our 'cash stash' at HSBC direct, where it earns a bit over 5%. I would personally prefer to maximize our earnings and then donate heavily to our charities of choice. However people choose to approach this, your point about making smart decisions with your money (esp with regard to the positive impact that you can have) is well taken.Anonymousnoreply@blogger.com