One of the essential issues considered by most of the people who are interested in different strategies of investing their funds is the rate of interest and the amount of return they would eventually be earning from the investment. This is quite natural because all the investors prefer to invest their income in a venture that can assure them a …

If you are a student and you want to seriously give a thought to the financial management plan, then there’s no second best option available for you than to go for a Student savings account. Whether you are a college student or a high school student or enrolled in any degree course in a university, Student savings account always works …

As a responsible parent, it is your duty to teach your child the importance of saving money. Hence the greater becomes your responsibility to choose a right savings account for your child. Nowadays nearly all the banks have the facility of having a Savings Account for Children. Since the account is meant for the child the following factors has to …

With the increase in the modern amenities due to development of the society, we have witnessed a substantial increase in diseases and ailments as well.  Most of the individuals lead a sedentary life style, thanks to modernization, which in return has gifted us with various illnesses. We have also witnessed a substantial increase in the cost of health check up …

Brokered CDs are brokered as implied by the name. It is just like other Certificates of Deposit or CDs offered by a financial intermediary. Your financial advisor or any other person analyses the market in order to find out the most suitable rates for CDs. In this type also, you need to save your money for a certain time period …

Medical savings accounts are different from health savings account. Make sure that you do not confuse both the terms. This might help you while opening your bank account. The purpose here is to provide health benefits to the retiring individuals. More precisely, a medical savings account helps the account holder to pay for the minor medical bills incurred while buying …

Let us first understand what is a CD or certificate of deposit. A certificate of deposit is a financial product offered to the consumers by the banks or the various financial institutions in the form of time deposit. The Jumbo CD is a kind of high yielding certificate of deposit with a principal deposit amount being $100,000 or more. The …

A checking account is a type of savings account with a slight difference. The difference lies in the number of deposits and withdrawals allowed. In a checking account the account holder has the flexibility of depositing and withdrawing money in and from their account numerous times, which otherwise is restricted in a normal savings account. The account holder has the …

Money market and CDs are two different options that allow us to invest money, in order to get better returns. Money market fund is an open ended mutual fund that primarily invests in debt securities for a shorter duration of time. The objective of such fund is to earn interest for its investors. Money market fund can also be called …

Certificates of Deposit or CDs are also known as Term Shares or Term Certificates. Almost every bank or credit union offers this type of deposit account. CDs offer higher interest rates than usual savings account. Nowadays, rates of interest which you can get from normal savings account are tenth or quarter percent. CDs allow you to earn a little more …