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What are the various types of CDs you can consider investing in?

A CD or certificate of deposit is a type of time deposit given by banks and credit unions to consumers. Identical to savings accounts, they typically involve no risk. A CD has a fixed term that may range from three months to five years and consumers are usually suggested to a hold a CD until it matures. Upon maturity, the amount can be withdrawn at one go along with the amassed interest. …

February 17th, 2011

What is the difference between fixed and variable CD rates?

Certificate of deposit is a financial tool that facilitates the consumers to lock a high value of money for a predetermined time period with a financial institute in return for higher rates of interests than that usually granted for checking and savings accounts. This certificate of deposits can be of two types- Fixed and variable certificate of deposits. While in fixed certificates of deposits the interest rate offered on the fund value …

February 16th, 2011

What are the features of ING orange savings account?

A high interest online savings account is referred to as the Orange Savings Account. This product is presented by ING direct, a Dutch financial company that has spread itself in forty different countries. The features that make this account so special are as follows: 1. The interest rates offered by the ING direct Orange accounts are very competitive. With bank interests rates taking a back seat, the interests rates made available on …

February 15th, 2011

Why is checking account an indispensible account?

Checking accounts are basically transactional accounts, held at banks or other financial organizations, for providing safe and fast transactions with customers through various channels. These accounts can be accessed anytime as well as from anywhere for any purpose, like money deposit, fund withdrawal or fund transfer. A checking account is not meant for giving you the facility of saving money. It also does not give you a certain amount of interest. It …

February 14th, 2011

What are the various types of savings account you can consider for children?

Your child is your most valuable possession. You take care of your child by all means. But are you concerned enough about your child’s financial future? It is only you who can help your child realize about the importance of savings. Encourage him to save his coins into his small piggybank and prepare yourself to learn about different savings accounts for children. A secured and stable financial future would be the best …

February 13th, 2011

What are the factors that will help in deciding between short term and long term CD’s?

Certificates of deposits or CDs as commonly known are financial opportunities that allow investors to lock in a good amount of their surplus money for a predetermined period of time. These deposits if not withdraw before the maturity date, earn very high interest rates.  On the basis of the tenure for which the money gets locked in, certificates of deposits can be of two types, short term certificates of deposits and long …

February 12th, 2011

What are the advantages and disadvantages of investing in bull CD?

To analyze the advantages and disadvantages of a bull CD, we need to first determine the difference between a normal CD and a Bull CD. Normal CD v.s. Bull CD Unlike the normal certificate of deposits, Bull CDs do not have a fixed rate of interest. The interest rates on the funds invested in a bull CD are variable in nature. They are directly linked to a particular market index and fluctuate as …

February 11th, 2011

How can CD ladders help in increasing your income?

With recent fluctuating trends, investors are on the look out for plans that will provide them with low risk high income options. Certificates of deposits are such financial tools that have become very popular among the investors. These certificates of deposits lock in high end values for a time period in return for higher interest rates. This allows the investor to   ascertain the amount of money that he will receive at the …

February 10th, 2011

What are brokered CD’s?

Certificate of deposits is one of the most appealing kinds of saving money in the bank. It is yielding high interest rates thus most people are getting attracted to it. Today there are varieties of CDs available that can address the varying needs of consumers one of which is a brokered certificate of deposit. By the name itself we are already given an idea what it is all about. This particular type …

February 9th, 2011

How can you get the best CD deals?

Looking for a good way of saving your money? Well, with the economy still unstable, there are a number of people who have the same thing in mind. In response to this growing need for financial services, many financial institutions are offering new ways for people to deposit their money and earn at the same time. At present, certificates of deposit are one of the top services being availed by many investors. …

February 8th, 2011


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