Investing money in the right plans and programs remains a big puzzle for all. With hundreds of financial investment tools offered by banks and other financial institutes, choosing the right one on the basis of an individual investor’s need becomes a dilemma. For instance, both money market accounts and certificates of deposits are great investment plans. Choosing between them will basically depend on the percentage of benefits that an investor can earn …

If a parent ventures out in to the world of finance he is ought to find a number of savings accounts that will suit his need to start saving for his child from an early age. If planned properly a children saving account can earn up to six percent of AER for a year.  The need therefore arises to have a look in to the different saving options available for children. …

Student saving accounts makes it easier for students to learn the tricks of saving and managing one’s finances. The financial situation of every student varies and a single type of saving account will not be enough to meet all the needs of a young student. Some of the basic features of a savings account that makes it efficient in all situations are- Minimum or low balance requirement.  Free ATM cards and …

In general certificate of deposits are high denomination deposits that are locked in for a period in return for higher interest rates. They are basically differentiated into fixed rate certificates of deposits and variable rate certificates of deposits. While fixed certificates of deposits attract a fixed interest rate on through out the tenure of deposit, variable certificates of deposits attract fluctuating interest rates. There exists another classification of certificates of deposits and …

A Step up certificate of deposit is one of the flexi CDs. In this case, the interest rate on the certificate of deposit remains fixed for a year before they rise on the basis of a predetermined interest rate. This allows an investor to change the interest rate for a period of time. This allows greater accumulation of interests as in step up certificates of deposits the account’s interest rates moves up …

Both money market and savings accounts are means by which consumers tend to save money for their future requirements. Both are financial tools that are offered by different banks and organisation with the motto to ensure growth in the investors’ investment.  There are same basic differences between money market and savings account that will help investors to decide which type of account will be beneficial for them and will provide low risk …

Money market funds are mutual funds that invest in low risk debt securities. These mutual funds invest mainly in money market instruments or MMI. Money market instruments or MMI are debts that have a maturity period of less than one year. These funds have higher liquidity and are mostly risk free. The motto of the money market funds is to protect the principal amount of the investor while producing a good return. …

There are a number of benefits of opening a business savings account. Some of them are as follows: A business saving account makes transaction of money easy. It gives credibility to the business. A record of the transactions made through a business savings account helps in filing up taxes. Business money can be saved as well as interest can be earned.  Things required before opening a business savings account The …

If you are new to the financial world and money saving scenario, you may wonder what a savings account is. Well, it is a kind of deposit account that a person holds with a bank which offers a certain principal security along with a decent rate of interest. Whether you would be able to write checks or no would depend on the kind of savings account you hold. This type of an …

An account in which individuals put up a certain amount of money that can be earned with a small amount of interest is called as a savings account. Funds saved in this account are commonly accessible and involve no hassles whatsoever. There may be a number of banks that charge consumers’ money for withdrawing money before time, however, the overall method of accessing funds is effortless. All it takes to withdraw money …