Many investors who invest more than $100,000 in a certain institution is plagued simply because the FDIC can no longer insure their account. The usual course of action if they want to invest this much is that they need to create multiple accounts for the FDIC to insure the whole amount. But with the CDARS investors do not need to …

Certificates of Deposit or CDs is a banking term used to describe a short term loan made with a loaning institution. The time range of loan repayment usually spans from as short as 3 months up to 6 months. Generally speaking, CDs will differ in the interest gained depending on the amount of CD bought and the period of time …

Decades of hard labor will eventually pay back. As you near retirement period, you will see drastic changes in your lifestyle and of course the workload you have. But unfortunately, most office workers who are nearing retirement age are not satisfied with what they have achieved to be able to look forward to a stress-free retirement ahead of them. There’s …

Surveys show that a common sentiment among retired people is that they are already good for nothing but staying idle at retirement homes, watching the sun set and enjoy a care-free life. While it’s true that retired people are entitled to the benefits of a stress-free life, some retired people still want to engage in other worthwhile activities—like money making …

It is easy to spend money, but very hard to pool them and invest on something profitable. That is why most successful businessmen and investors are well admired by millions of people—because they have that mental discipline with regards handling their finances. Mind you, this is not an easy thing to do. And that explains why few people reach financial …

People always find a way to save for emergencies. The fact is that anyone with a savings account is capable of sizing up financial hassles that may come your way. You don’t always have to engage into credit opportunities if you have saved enough to cope with family expenditures. But the regular savings account may not be fit for the …

Children should be taught how to save money in order to instill sense of responsibility and budgeting instincts early on. Saving for your children would be properly implemented if you try to open an account under their name. At present, there are a lot of banks that offer high interest rates for your children’s savings accounts. But you don’t have …

Maintaining a money market account is very rewarding considering the different advantages that you can get. The interest that the bank will be paying the depositor will gain interest as well. So, consider this simple fact: to have a money market account can pump up savings. But what are the things that we should remember if we choose to maintain …

For people who live from paycheck to paycheck, having a bank account is a big goal. When you have cash set aside, you would feel at ease that whatever emergency comes your way, there is something that could get you rescued when the need arises. There are some people though who kind of fear saving on banks for the fear …

It is a very comforting feeling knowing that we would not be left helpless when emergency that calls for immediate cash comes. This is where the importance of saving enters the scene. Aside from having something to help us out during undesirable things, having a more secured financial future is also one reason why people save. Yes, you can keep …