Almost a quarter of the American households or 30 million Americans earning around $1.3 trillion annually are left with no banking options as the banks refuse to serve them. Banks don’t want to lose money and that seems to be the real reason. Although there are other non-financial institutions that are willing to serve this section, their offers may not have much value in the long run. This seems to …

Investing in long-term CDs is the best option for those seeking to earn better rates on their CDs. At the moment, CD rates have hit rock bottom and are really low. Many investors really wonder if it is worth investing in CDs and locking their money for a period of five, seven, or even ten years. So, it is now believed that investing in long-term CDs with a few reasonable …

Until now, customers would keep checking their banks accounts diligently in order to protect themselves from any of the online financial scams. However, that may not be very useful anymore as there is a virus that is not only capable of hacking into your account, but is also capable of covering its tracks. Trusteer, an Israeli-based security firm, seems to have found a new computer virus, which helps fraudsters steal …

Research has shown that investors have continued to pour money into checking and savings accounts during 2011, despite the fact that these accounts yield around 1% or even less than 1% in some cases. Over 900 billion has been put into savings deposits and checking accounts during 2011 alone. This is around eight times the money that has been put into exchange-traded funds as well as mutual funds. According to …

A newly adopted federal rule sets tighter restrictions on the U.S trading firms in relation to investing the money of the customers. The Commodity Futures Trading Commission voted to adopt the rule. This particular rule states to prohibit the trading firms from using the money from the account of their customers for some specific investments, which also includes foreign debt purchase. Alongside limiting their investment options, the rule also limits …