Callable CDs are more or less like traditional CDs, where the interest rates are fixed for the entire term of the CD. However, the only difference here is that the banks that issue these callable CDs can ‘call’ the CDs for the amount accrued before the CDs mature. Whereas in case of traditional CDs the banks that issue the CDs …

Saving is a good habit and needs to be developed early on in life as it can prove to be hugely advantageous. In this day and age, paying for the child’s education is one of the biggest challenges that parents face today. Hence, saving for the child’s future is a practical solution to the problem. College education is an expensive …

A CD or certificate of deposit is offered by financial institutions, banks, and credit unions as well. Although it is similar to a savings account, there are a few differences. Here, the individual would be depositing a certain sum of money for a certain period of time. This helps the depositor earn interest on that amount. These are essentially time …

There are plenty of aspects of this world that are beyond the control of the average individual. Even though people like to think that they are firmly in control of their lives which is quite often the case, there are however times when unforeseen circumstances interject themselves in to the proceedings and cause all sorts of commotions. Take for instance …

Over the course of people’s lives they are bound to run in to a tough spot or maybe even a few of them. Life is filled with all sorts of uncertainty and if someone is unprepared for them then they can send someone on the fast track to the poor house. For the most part people do a good job …