Saving is important, particularly because the present world economy is highly unstable. The need to ensure financial sustainability has become top priority for many families, particularly because there is very low job security these days. In response to this growing need, many banking systems have started offering numerous services allowing people earn passive income through their savings. Passive income defined as the money earned through interest rate of the amount people deposited. …

A money market account is a deposit account offered by banks, in which the invested amount is reinvested in corporate paper and government securities, and the investor is paid interest according to the ruling interest rates in the money markets. A savings account is a regular deposit account with low interest. Every individual adult has at least one savings account, but it is also true that a significant amount of investors’ savings …

One of the safest yet most liquid investments available to investors is a money market fund. While they might not give very high returns, they do guarantee preservation of capital and easy liquidity. There are a few things one should be aware of and be careful about while investing in money market funds. Nature of Investment At its core, a money market fund is basically like any mutual fund, where the amounts …

In the amazing range of choices available to a potential investor today, money market funds stand out as safe and secure options offering high liquidity and moderate to low returns on investment. If the investor is not too aggressive in seeking very high returns from his investment, then a money market fund is a good mutual fund in which to park his surplus funds for some time. But like every good thing, …

There are a number of mutual funds that allow investors to get good returns on their investment or preserve their wealth, depending on the risk appetite of the investor. For those who are more interested in safety of capital and preservation of wealth, money market funds offer a very good option to park their surplus funds. Rather than create wealth by buying of selling of shares, these funds invest in low risk …

A money market fund is a mutual fund which invests in safe and secure investment options like corporate paper, government bonds and securities to offer a low return high safety investment vehicle for investors. A CD is a deposit account offered by banks and has a fixed tenure of investment and a certain rate of interest. Although both are traditionally conservative investments, yet there are certain areas in which they differ widely …

Financial institutes like banks offer services to open a transactional deposit account where customers can withdraw as well as deposit money. Such accounts are called checking accounts. The money deposited in the checking accounts are very liquid and offer number of withdrawals through checks, automated cash machines and electronic cards like ATM and debit cards.  Different types of checking accounts  Financial institutes offer different types of checking accounts that have been customized …

When a person starts a business, it is imperative that he also opens up a business checking account. This should help him keep his cash securely, withdraw cash when required and also make business payments. But he should be aware of the things to be done while opening such an account, and also the factors one must look for while opening such an account. Steps Involved  First the business that you have …

At a very basic level, a savings account is meant for what its name stands for – to save money over an extended period of time. As compared to a savings account, a checking account is a more dynamic and frequently used account, in which the account holder can deposit cheques, withdraw money and issue checks from. But apart from this basic difference, there are also a number of differences in their …

Certificate of deposits are a popular alternative to savings account. They not only provide a better rate of return but are also less risky. Traditional CDs can be cashed in only after the maturity date in order to avoid high penalties. Liquid CDs come in use in these cases where you want to have access to your money as well as earn higher returns.  Liquid CDs are also known as “no penalty” …