Certificates of deposit are the banking term for time deposits. People usually avail of this because of the higher interest rates that come with it. Banks give out higher interest rates to those individuals who avail of this simply because they will have much more security with the money invested through this means when compared with accounts where people are …

Everybody wants to save something. With the present economic condition that we are experiencing right now, there is no doubt that anyone would want to squeeze something out of their expenses. With this scenario, there is one question that we always ask ourselves. Where would I put my savings? It is question that needed careful examination in order to come …

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 …

Whenever we think about investments, there are many options that we can choose from. One of the best investments that we can take advantage of is the money market deposit account. This type of account is often called souped-up savings account. This means that the interest rate given to it is much higher than that of a typical savings account. …

Changing banks is not as difficult as it seems. All you need to do is set your plans and think of your convenience base on the level of your priorities. Moving from one place to another, getting married, personal concerns and satisfaction guarantees, interest rate disparities, unstable banking rules and many others are just several reasons why you would switch …

In 2008, the Federal Reserve created a particular funding mechanism that is supposed to provide $540 billion to finance the money market mutual funds industry. The program is another endeavor of the Federal Reserve in order to increase the liquidity and provide more cash to market investors. Financial institution began to issue US dollar denominated acceptable assets like commercial papers …

A general view of the money market is what you need in order for you to understand how this kind of savings account actually works for those who want to earn more out of their hard earned cash. Just like the usual scenario in the stocks market where people buy and sell stocks, money market serves as an avenue where …

People are often drawn by numbers than by just facts. The truth is that we stop to look at numbers and think of all the promise attached to it without actually thinking about the actual events that are happening. This may be the same thing about callable Certificates of deposit. Callable CDs that are said to have higher interest rates …

There are many strategies investors can use in order to improve their profits as well as protect their investments. One of these strategies employed by investors is the ladder strategy that allows the investors certain liquidity at the same time still enjoy the interest rates of the maximum amount that the individual wishes to use. Let us take a closer …

Before buying certificates of deposit or CDs, investors must first need to understand what they are actually going into. CDs are actually the banking term’s equivalent for time deposit. Time deposit means that investors will have to invest their money in a financial institution with the condition that they cannot touch the account until they mature. Of course they can …