If you receive checks regularly it only makes sense to have the deposited directly into one of your Senior BofI Accounts.

Direct deposit is safe. You don’t have to worry about a check getting lost in the mail. It’s convenient. You don’t have to make time to go to the bank.

You can have money deposited into your Senior BofI checking, savings, or money market account.

Once you set up direct deposit you can be sure your money will arrive in your account on time, with no hassle.

And it’s easy to set up direct deposit. Just go to our Direct Deposit Page.

Labels: direct deposit, internet banking, senior banking

Those who are lucky enough to have grandkids are fortunate indeed. Being a great grand parent isn’t hard, but there are some tricks according to an article called 7 Ways To Become Your Grandchild’s Biggest Fan!

Many of article author Katrina Hayday Wester suggestions are common sense. Two are particularly relevant:

• Keep Your Compliments In Check which is a warning not to overdo it.
• Have Fun – obvious, but easily forgotten.
  

The article is definitely worth a read.

Labels: grandparents, seniors

Even if you’re really good at balancing your checkbook, it’s possible, even likely, to make an error once and awhile – a mistake that can result in a bounced check.

You can protect yourself against such a problem with Senior BofI’s overdraft protection. We offer it in two forms: as a line of credit or by linking to another account.

With a line of credit, funds are advanced to your checking account on an as needed basis and there’s no additional fee charged for advancing funds.

With a link from another account, money is transferred into your checking account from your savings or money market account should the need arise.

Get all the information you need and set up overdraft protection today from our Overdraft Protection Page.

Labels: overdraft protection, senior banking

With spring comes gardening for many. All indications are that gardening is good for us. Of course, there’s the exercise angle… a bit of planting or weeding is good for us physically.

But there seems to be something else going on as well, perhaps a soul connection with soil and growing things.

There are an abundant number of sources of gardening information on the web, including:

• About.com’s Gardening
• iVillage’s Garden Web
• Organic Gardening
  

Of course, you can always type in the name of a particular plant or gardening type into Google and get information to.

Labels: gardening, seniors

Senior BofI checking accounts are not only convenient, they will earn you interest on the money you have on deposit. The interest is compounded daily from your first day and paid monthly.

There is no monthly fee and no minimum balance required. If that weren’t enough, our checking accounts also offer:

• Free Bill Payment
• Free ATM and debit (check) cards, for qualifying account holders
• Free Internet or telephone banking anytime
• Free postage-paid envelopes for mailing check deposits

You can get all the details and open your Senior BofI checking account from our Senior Checking page.

Labels: senior banking, senior checking

Referring to a 1983 Harvard study of Transcendental Meditation, NRTA, an educational arm of AARP, explains meditation may be of real benefit for seniors in an article called Staying Sharp: Meditation - Not Just for Yogis.

The article describes some of the potential benefits and explains that meditation doesn’t have to be associated with any particular spiritual path. Indeed, it can be practiced by anyone, and simple directions are included.

In a sidebar, there are links taking you to additional resources.

Labels: senior health, seniors

CDs, meaning certificates of deposit, are a great way to save money. They pay a set rate of interest on funds left on deposit for a specific length of time. So you know exactly how much you’re earning.

Interest on Senior BofI CDs is compounded daily and paid monthly. The interest can be paid to your CD account, your checking account or sent to you in check form.

We offer CDs in amounts ranging from $1,000 to $10,000 with terms up to 60 months.

Of course, if you withdraw early, you will pay some penalties… you can get the details and open your CD account at our Certificates of Deposit page. You’ll also find a link there to our interest rates.

Labels: certificate of deposit, internet banking, senior banking

Upping your fiber intake to 20% of your total diet can reduce your blood pressure enough to make it worthwhile according to an article called Blood Pressure Aid at RealAge.com.

The article not only contains a tasty selection of high-fiber recipes, but explains how fiber helps. It also contains a link that helps you understand exactly what soluble and insoluble fiber actually is and how it helps.

You'll find additional helpful links there as well.

Labels: senior health

According to Banking on The Road, a companion blog to Senior BofI, My RV Bank is changing it’s name to RVBank.com.

In addition to great banking product, the site is also affiliating with Camping World and Freedom Roads.

If part of your Senior Experience includes travel by RV, you’ll find this blog and it’s announcement both interesting and valuable.

According to many reports, email spam on the increase. This comes as no surprise to anyone who uses email much. What, if anything, can you do to at least reduce the load?

• Use unsubscribe carefully. Legitimate emailers provide an unsubscribe link of some sort and will honor your request. On the other hand, scammers not only ignore a request to unsubscribe, but often count such a request as an indication the email address is live. When you suspect a scam or don’t recognize the source of the email it’s probably best to just delete it.
  
• Delete, delete, delete. The only reason spam is on the increase is because it works. Enough people, in spite of all advice, respond to make it profitable. You don’t have to be one of those.
  
• You can forward spam to the Federal Trade Commission. In theory, at least, they are in the best position to crack down on spammers. The email to use is: spam@uce.gov and you can get more information at their Spam page.
  

Remember, you actually control your email box and can choose NOT to open any email sent to you.

Labels: seniors, seniors and comptuers, spam

If you receive a regular paycheck or other payment, it only makes sense to have it deposited directly into one of your Senior BofI accounts. It’s safe, in fact safer than depositing it yourself. It’s also highly convenient – you don’t have to rush off to the bank to deposit your money.

It’s easy to set up direct deposit. Just go to our Direct Deposit page.

Note: If you’re receiving Social Security payments, the procedure is slightly different… just click on the Social Security link.

More and more seniors are looking for work. Maybe they’ve lost a job and are trying to find a replacement. Or maybe they’ve decided it’s time to switch careers. Perhaps they are entering the job market for the first time or after a long absence. Whatever the reason, looking for work is hard work.

AARP has an amazing number of resources for seniors who are looking for work, including job search links. Their career section is almost a website within a website. Here you will find, among other things, information on:

· Choosing a Career

· Job Loss Help

· Finding a Job

· Self Employment

· Workplace Flexibility

There are also articles on everything from entrepreneurship to finding work/life balance.

Labels: employment, senior jobs

Choosing the right credit card can make a significant difference. For example, it only makes sense to have at least one for your personal life, and, if you have your own business it should have its own credit card.

Senior BofI, through it’s parent, Bank of Internet, offers a wide variety of both personal and business credit cards.

We have personal credit cards that offer cash back, offer other rewards and even secured credit cards.

On the business side, we offer credit cards specifically for travel and cards that reward you for your purchases.

Check out all the options at our Credit Card page.

Labels: credit cards, senior banking, senior credit

Part of the Centers for Disease Control and Prevention Healthy Aging Program is the Healthy Brain Initiative. It’s part of the new partnership between the CDC and the Alzheimer’s Association.

Aimed at both coordinating research and informing the public, the Healthy Brain Initiative provides a variety of reports available for both viewing and downloading, including:

• Research

• Program Development

• Communications

The information here is well worth reading.

Labels: Alzheimer's, brain research, senior health

At Senior BofI we know you’re likely to have questions. Maybe it’s a question about your existing accounts. Or maybe you’re considering opening an account with us but have a questions or two you need answered first.

Of course, we’re an internet bank, and you may very well have questions about the safety, security and ease of using this relatively new form of handling your money.

We’re always happy to answer your questions. You can call or email us – just check our Contact page.

If you’re more the do-it-yourself type, check out our Knowledge Base. It’s a search engine for our site.

Labels: internet banking, senior banking, seniors

According to the Centers for Disease Control and Prevention, by 2030 there will be some 70 million older Americans, which works out to one elder in every five persons. Recognizing the potential impact on health services and the economy in general, the organization has put together a program called Healthy Aging in Older People.

Included in their goals is an effort to fill in gaps in knowledge, both for the public and for the professionals and agencies that serve the public.

Their website offers articles on a wide variety of subjects, starting with The State of Aging and Health in America 2007 Report. This downloadable report provides an excellent grounding, providing a deeper understanding of the problems associated with the growing elderly population.

Labels: healthy aging, senior health, seniors