Index-Linked certificates of deposit are very similar to the certificates of deposit except for the fact that they are indexed to the stock market. Indexed CD’s are FDIC insured for up to a sum of $250,000.  In case of a failure by way of seizure or a bank closure, the money is safe as FDIC offers a 100% guarantee in this case.  The Federal Deposit Insurance Corporation assures 100% coverage …

One can safely invest one’s money in these certificates of deposit at any of the banks.  The investor firstly looks at the benefits of investing in these certificates of deposits.  Though these are safe and secure modes of investment, one has to exercise caution and know the pros and cons and avoid the pitfalls before investing.  There is always a fine print that one has to be aware of and …

Stocks or bonds have long-term lock in periods and may not go down very well with investors who have the money but do not wish to block it for long periods of time.  At the same time, putting money in a savings account or a checking account is not feasible due to the low interest rates they offer.  What does one do in a situation such as this?  The obvious …

In the last week the Treasury made an announcement that it plans to bring out a pilot program by which unbanked persons or under-banked persons can have checking accounts. These people make transactions with cash only as for some reason or the other they don’t have checking accounts. Matt Anderson, the spokesperson of Treasury stated that these persons, most of the times become targets for higher fees for paying bills …

On the coming Monday, Huntington Bank will be the first major bank in the U.S.  to offer a grace period of one day for checking overdraft fees.  This is a step taken by the bank when retail banks that are despised for their fees love are trying to please customers by offering means and ways to them to avoid expensive charges. This new free service given by the bank will …