A checking account is a deposit account offered by different financial institutes that allows consumers to transact money through their account without any hassles. The funds deposited in a checking account are easy to access and offer liquidity. Checks, debit cards and ESI systems can be used to withdraw and deposit money in these accounts.   Checking account Vs Savings accounts  A checking account allows numerous transactions and unlimited deposits while savings …

Euro savings accounts are accounts ideal for consumers who want to manage their savings in euros. These accounts are therefore meant especially for clients who are earning in euros or have properties in European or are getting paid in euros. These accounts attract competitive interest rates that are tiered. This means the more the one saves, the more interest rates he will earn in euros. The minimum amount that has to be …

A callable CD is a certificate of deposit that yields higher returns but without any risk. These CDs are also FDIC regulated and therefore have limited risks than other CDs. In these CDs the issuer of the CD is free to choose a call option on the money invested in the CD and can cash in the whole money before the maturity date and pay back to the investor.   Important terms used …

Money market funds are open ended investment funds that are used to earn higher interest rates on shares invested for shorter time period. The exclusive feature of money market funds that separates it from all the other funds is that the fund ensures a Net Asset Value or NAV of $1 for every share that has been invested by an investor. These funds are offered by the different insurance companies, brokerage houses, …

An Orange savings account differs from the normal savings account in being a classic, high fidelity premium account. These are online direct bank accounts that facilitate costumers to conduct transactions online. Deposit of funds, as well as other transactions, can be made online. In order to use the Orange savings account for regular savings, a standing order needs to be issued to the bank regarding the electronic transfer of money from the …

Students’ savings account is a great financial tool that helps in inculcating savings ethics in students at an early age. These accounts are a good way to teach the youngsters the value of money and make them self dependant.  Benefits of students’ savings accounts  With the help of students’ savings account a child learns to save money. With regular contributions, the parents too can save for the future educational expenses of …

Certificates of deposit are financial tools that help investors yield higher returns from their investments over a longer period of time. The returns are higher if the investments remain locked over a longer period of time. Once locked for a particular time period, the amount from the CD cannot be withdrawn without incurring penalties. Depending on the duration for which the certificate of deposit remains locked, they can be categorized into short …

As the name suggests brokered CDs are certificates of deposits that are offered by a financial intermediary. The financial advisor of the firm or a person first conducts a survey of the market to avail the best CD rates for the consumer. The brokered CD has the same basic features as the other CDs. In this case too the investor needs to keep the money deposited for a predetermined term in return …

With the rising cost of education, it is difficult for parents to meet the educational expenses when their children grow. The best way to face this problem is to start saving for the child from very early on. Savings accounts for children will provide this opportunity to parents. There are a number of factors that should be taken in to account to earn benefits   from a children savings account. Factors that decide …

The Jumbo certificates of deposit are high value certificates of deposits that are invested by the customers for a particular period of time in return for higher interest rates and returns. The jumbo CDs require higher amount of deposits which is around $100000. The interest rates offered on the amount varies from one bank to the other. Advantages of Jumbo CD  The Jumbo CDs are low risk investment options Money market and …