The ING Orange savings account is considered the best financial product as it offers incredible rate of interest and yet keeps the entire process quite simple as well as straightforward.  Mortgage loans are offered by ING Direct at extremely low as well as adjustable rates and the process is also very simple.  The ING Direct is a bank which does all its business online, over phone or via mail.  The ING Direct …

A CD or a certificate of deposit is a savings certificate which is also a time deposit where he holder is entitled to earn interest and it can be cashed in only on or after the date of maturity along with the accrued interest.  It has a fixed interest rate and is issued by banks, credit unions, and financial institutions.  They are insured by the FDIC.  The term may vary from a …

A checking account is an account that can be opened through banks, credit unions, etc.  Here the individuals as well as businesses deposit money as well as withdraw money from an account which is federally protected.  Though the terms of a checking account may vary from one bank to another, the account holder can use the personal checks instead of cash to make payments.  The account holder could use either ATM cards …

Saving for the children before they reach college is the wisest thing to do for any parent.  The parents have to start worrying about the expenses they would incur when the children start college.  So, unless the parent starts saving from the time the children are small, it could become virtually impossible to fund their children’s education.  No one is aware of exactly how much it would cost to put one’s child …

Traditional CDs are a very popular choice compared to the savings account as they provide a better rate of interest and since they are FDIC insured but the biggest disadvantage is that it cannot be liquidated before the date of maturity without paying the hefty penalty. About liquid CDs: Liquid CDs work just like other CDs but offers access to your money.  A liquid CD is also a certificate of deposit that …

A collection of Certificate of Deposits (CD’s) bought at frequent intervals to ensure that they mature at frequent or regular intervals is called a CD ladder.  For instance if one wishes to create a very basic CD ladder out of a six-month CD, then all one does is purchase one CD on the first of every month and continue to do so for the next six months.  Then the first CD that …

The prevailing rates of interest is always the crucial factor in the market based on which consumers make a decision with regard to investments.  It is a known fact that consumers will be influenced by the market and will try to save money when the interest is high and will spend their money when interest rates are low.  Hence when it comes to investing in CDs also the main focus is to …

These CD’s, as the name suggests, are brokered which means they are offered through a financial intermediary.  In order to get a better understanding one needs to know how to buy, from whom to buy, and how you are paying for these CD’s, as well as what are the things to watch out for.  Given below are some of these basic facts that one has to bear in mind. Brokered CD’s are …

A jumbo CD is almost similar to the traditional CD or certificate of deposit, the only difference being jumbo CD requires a deposit which is a larger denomination, the minimum being $100,000.  These jumbo CD’s are also called ‘negotiable certificates of deposit.’  These CD’s are low-risk as well as stable investment options for large investors.  Just as in traditional CD’s there is a lock in period for the jumbo CD’s also and …

A callable CD is also another certificate of deposit which can be called before the date of maturity by the issuer.  The returns in this type of CD are much higher than the returns from a normal CD.  It is the investor’s assumption that there is higher risk involved with this type of CD.  Due to the fact that the investors can earn more with this CD, these callable CD’s have become …