Certificate of Deposit or CD is a safe investment when it comes to life savings. As an investor, you should understand that the CD rates differ based on the bank as well as the term. It is important to find the right product with the right bank to make most out of the investment. CD basically is a time deposit that can be availed by the customers from banks as well as …

Liquid bank certificates of deposits, known as liquid CDs appear to be an attractive proposition but in truth, liquid CDs are not suitable for every investor. Liquid CDs have only one main advantage. If you withdraw your deposit amount before the maturity of the certificate of deposit, you need not pay any penalty with liquid CDs. Banks charge hefty fees for early withdrawal in the case of traditional CDs, if you need …

There was a period in the United States when investors could purchase long term certificates of deposits (CDs) from banks at annual interest rates of 10% or even more. This might be surprising news for the younger generation but in the mid1980s, the CD rates for five year deposits were around 12%, according to a CD rate chart of Bankrate that analyzed national averages of interest rates over long periods. Unfortunately, long …

Before you decide to invest on a callable CD, you should first understand what a callable CD is and how it could affect your investment plans. A callable certificate of deposit (CCD) is a certificate of deposit (CD) insured by FIDC. Hence, you have protection of the investment amount. However, callable CDs contain a unique call feature like other categories of callable fixed-income securities. The issuing banker holds the right to call …

Do you have children? If the answer is ‘’yes’’, then I am sure that you have already taken into account the fact that you need to offer them access to the best possible education. Well, this is something fantastic, both for you and for your children, but the college tuition can prove to be a very big problem. We all know that college is expensive and that if our children decide to …

The 2nd chance checking account as its name implies can offer a second chance to everyone who is considered as high risk or poor financial account in the past to open a new bank account. It is natural for people with poor financial record to experience trouble when trying to open a new account from a bank. The economy of the world is continuously recovering from the global financial crisis that created …

People are now more interested in investing the money they have because they don’t trust banks anymore. There are plenty of people who are ready to try anything, even the money market funds. Of all the types of funds, the money market funds have always been considered as being the type of mutual funds in which it is very simple and fast to invest. What is very interesting about the money market …

We all know that the medical care cost is one of the biggest problems in our lives. When we get sick or injured and we need a special type of treatment, the medical bills become huge. Luckily, banks and financial institutions have created all sorts of services that come to give us a helping hand and the medical savings account, also known as health savings account is one of them. It is …

In order to store your money safely you need an account. A service provided by savings and loans, banks and credit unions, which allow individuals as well as businesses to make bank transactions; depositing money or withdrawing cash, via federally insured bank account is widely known as ‘Checking’. Generally, all the account is the same but there might be small differences in policies depending on the bank that holds your account.  Despite …

If you are such an investor who is searching to get high rates of interest from the secure investments, then the jumbo CD rates are just the thing that would catch your attention. Although the regular CDs look very appealing as they are safe, but the jumbo deposit certificates are a lot more appealing as the interest rates can be really high. Rates of jumbo CDs come from the certificate type of …