Chicago :

Cents and Sensibility

03.30.2009

Submitted by dsimmons on Sun, 03/29/2009 - 11:00pm.
The Bite:
Need a safe place to stash your dowry, er, paycheck? Dash(wood) off to ShoreBank, an FDIC-insured, Chicago-based buck handler. For you: SB's got eight branches, 12 ATM locations, online banking (it takes 10 minutes and $1 to enroll), and checking ($6/month). For the planet and city: SB puts its green ($437 million in 2008) into green initiatives, such as the Eco-Justice Collaborative and Indie Energy (the bank just doled out cash for Indie's new geothermal drilling rig = clean energy + more jobs), as well as projects that help struggling 'hoods. And for the sensible saver types (bonnets off to you), SB's got high-interest savings, IRA accounts, and mortgages too.
Wanna Try: 
ShoreBank, banking locations and ATMs around the city (800-669-7725). High-yield savings account, no monthly fee, $1 minimum balance.
LIKE THIS TIP? TRY THIS: 
The Stimulus Package Tip
The Socially Responsible Investing Tip

Cocktail Fact

Emma Thompson, who stars as Elinor Dashwood in the 1995 film adaptation of Sense and Sensibility, also penned the Oscar-winning screenplay.

Small Changes Add Up

If 10,000 Chicago Biters switched to online banking and statements, the trees conserved would produce enough oxygen to meet the needs of 39 Chicagoans for 1 year.

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