A number of multinational banks offer euro or offshore accounts to their depositors. HSBC for example provides offshore accounts to citizens of more than 200 different countries. They in fact provide accounts in 14 different currencies around the globe. One of the most popular overseas accounts is the euro account. People believe this to be the case because of the relative stability of the said currency. The euro account offered by HSBC …

There was a time when money market funds were a safe place to invest and anticipate high returns. But all that has changed. In recent times, customers have started losing money instead of gaining any. Some people who have invested a dollar for every share are now getting just 97 cents, like the case of the reserve primary fund. Such occurrences are rare and this is largely due to the global economic …

Safeguarding the money is a big concern nowadays, which can be accomplished effortlessly by opening a checking account. Checking account has many benefits apart from safeguarding the account holder’s money. Some of the reasons to open a checking account are: Opening a checking account provides facilities like check writing and debit cards. Managing bill payments of any kind becomes easy with check writing. It provides a good record of all the …

Investing the savings instead of keeping in bank gives better returns in terms of interest rates, even though it puts the investor in the risk of market fluctuations. CD laddering is an ideal investment plan if the investment in big amount and the plan is long term.  CD Laddering is the process of investing in multiple CDs, each maturing at different time intervals, and reinvesting the returns back into the ladder. This …

Opening a savings account has many advantages over checking account. For one, the account holder can make some profit through the interest rates that the banks offer, for the amount deposited in the savings account. For business owners, opening a high yielding savings account is important, since the financial transactions involve bigger amount of money.  High yielding savings account offer higher interest rates than any other kind of savings accounts. There are …

Investing the savings efficiently is prudent financial decision, and a good investment can earn a fair profit. Investing money in risk free avenues gives peace of mind by keeping the investments safe. There are many possible ways to invest money nowadays, money market and certificate of deposits being the most popular ones.  Both certificate of deposits and money markets have appealing features. It depends upon the individual choice of the investor in …

Callable certificates of Deposits or CDs get their name from the fact that the authority to call back the deposit remains with the banks. With fluctuations in the current economy, callable CDs offer protection to banks from paying high interest rates to the account holders. For example, if an account holder purchases a CD at an interest rate of 5% and the interest rates fall to 3% in the next six months, …

Saving ones funds are an essential part of planning for the future. Unexpected circumstances may arise which would require money and unless one has been smart in way of savings these situations would be difficult to tackle. There are a number of investment vehicles the have been devised to cater to ones savings and investment management. Savings accounts are one among these methods. There are different variations of these accounts which process …

Investment options are available in many different forms. Some manage money on a short term while some on a long term. Some offer higher rates of interest with a greater risk factor while others are safe modes of investment although offering lower interest rates. The terms and conditions vary for various vehicles of investment. One must familiarize himself with these options before proceeding to the next step .One of the biggest dilemma …

The world is run by money. We are in a never ending search for various means to make money in the simplest way. Once the funds are acquired the next step that pops to mind is investment. There are a number of schemes where one can invest in hopes of gaining high returns. These investment methods include certificates of deposit, savings accounts, fixed deposits to name a few. One of the basic …