Are you looking for ways to avoid the fees related to your checking account? It is easier than you think! While every bank is different and so is the conditions related with it, there are certain ways, which can help you to do away with the fees making your transactions cost-effective. Here is how to do it right. 1. Do …

Different kinds of certificate of deposits offer varied rates to the customers. Here below are some CD types and the rates associated. Take your pick after doing a comparative study. Jumbo CD Rates Jumbo CDs as the name suggests are HUGE! While you need to make at least $ 100,000 investment, the related returns are also quite substantial. The longer …

Investors looking for low-risk low-return investment opportunities do not need to look beyond money market funds. You can get such investment choices from banks, mutual funds, and brokerage firms. Since the return is low, people do not look at these funds as a long-term investment plan. As such, these are appropriate for short-term scenarios that are for less than 1-year …

Certificate of deposit (CD) is savings product that starts paying interest after 3 months-5 years. They pay specific interest rates in the form of Annual Percentage Rates (APR). Here below are different kind of CDs and their associated rates. Jumbo CD Rates When your CD balance exceeds $ 100,000, it is referred to as the Jumbo CD. Here the rates …

Savings account is a safe and sure way to build a corpus over time. The rates of interest are not staggering, but they are realistic all the same. With a savings account, you can save money for college education, maintain an emergency fund for unexpected expenses, and get overdraft protection related to checking account. Besides, you can also have ready …

Money market funds give you a chance to build a corpus through lower risk securities investment. This is a variation on the highly popular mutual funds. Risk associated with them is low as these do not come with a federal insurance. Typical investment in them relates to government securities, deposit certificate, company commercial papers, and other low-risk high liquidity securities. …

Money market funds developed the 1970s, has emerged as a high paying alternative to regular bank accounts. Over the years, they have become quite popular with investors and today the majority of assets are in the form of institutional funds. There are varied options related to money market funds such as those dealing primarily with municipal tax-exempt securities, corporate debt …

Euro Savings Account Euro savings account gives users a chance to make the most of the relative strength of this currency against their home versions. There is reduced administrative costs and exchange rate when you are dealing with Euros. For fixed rate, fixed term deposits there is an added protection from variable interest rate of the currency. Health Savings Account …

Bank deposit products are undoubtedly the safest bets these days due to the FDIC insurance. However, to maximize your potential income, you need to weigh out the benefits and risks involved in investing in the various types of CDs. For instance, if you want to invest in callable CD, you need to understand clearly how you can use this investment …

As the name suggests, brokered CDs are acquired through a brokerage firm or a sales representative but not directly from the issuing bank. This means that the financial advisor, or the broker, surveys the marketplace to determine the best CD rates available. Just like any other CDs, you will agree to deposit the money for a specified term, and the …