The debate of whether to buy or rent a place has been a source of frustration for many young people employed in bustling cities. The home prices that have been knocked down and the low interest rates from recent housing crisis has made buying a whole lot better experience than renting in almost every one of the United States markets. With such good deals, buying has become an option for …

Big banks are seeing a pattern with their millennial clients who are shunning them to go local with their money. Community banks are fast becoming favorable with a lot of younger customers as of 2014. A report by Accenture plc showed a 5% straight increase in the community bank account holders and these were all among the age range of 18 to 34 years. Credit unions showed a similar increase …

On Friday, 13th November, a FED policy maker commented on how the time of interest rates hike in the USA is approaching fast and that the Federal Reserve needs to stop fearing about the risk of adverse reaction from the market or any uncertainty regarding the economic trends that may arise in the long term. Loretta Mester, the president and CEO of the Cleveland Reserve Bank, will soon be a …

It is possible to use CDs to keep all of your money completely safe without investing with too much risk. Here are a few things to keep in mind when you are deciding to invest your money in Certificate of Deposits. When to Buy Them Once you have complete knowledge about CDs, you might contemplate on buying them. But before you do that, it is important that you see whether …

The good news is that the Federal Reserve has refrained this time from increasing interest rates. For the investors, especially the people looking for yield, the low interest rate situation is disheartening. CDs have a reputation of historically offering better interest rates than any other type of savings program. However, the general interest rate environment is disappointing. The Bank of America has the following interest rates on their standard term …