banking

What Are Bank Accounts Called in the UK?

December 10, 2012

Opening a bank account in any country is a big step forward toward living independently. Regardless of where you live, it is vital to have a bank account in order to pay bills, make purchases, and to have a safe place to keep your funds. While all banks have something in common in that they […]

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Online Savings Accounts Feature the Highest CD Rates

September 12, 2012

When you want to avoid the pitfalls of making risky investments, choosing to invest in a CD is a great option. CDs have historically offered consumers solid rates of return. A CD makes a wise investment for several reasons. First, you do not have to worry about the value of your money suddenly dipping like […]

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The 10% Rule for Investing

August 21, 2012

Everyone loves the idea of hitting a home run as an investor – buying the next Apple (APPL) when it’s at $10 a share and watching it climb to $100, then $200, then split, then climb to $300, $400, $500, etc.  That $10 investment can quickly become worth hundreds or even thousands of dollars. Unfortunately, for […]

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New Rules for Bank Overdrafts- Did You “Opt-in”?

August 10, 2012

In the past, banks could automatically enroll their customers into overdraft protection plans for checking accounts.  The protection plans typically allowed checks and debit card transactions to go through even if you’ve spent all of the money in your bank account.  If you overdrew your account, you would simply be charged an additional $25 to […]

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Inheritance; Your Financial Options

August 9, 2012

Aside from the obvious grieving period, the aftermath of the passing of a friend or relative can be a stressful period for another reason – namely, the process of dealing with any inheritance and the pressure of what to do with it once it is obtained. However, used wisely an inheritance can make a substantially […]

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Jam Jar Accounts: Will They Set the Standard in Smart Banking?

July 23, 2012

Over the last few years, various people have been badly affected by the economic downturn. It has not been kind on many people’s finances, so a lot of people find themselves relying on overdrafts and credit cards to respond to rising living costs. However, a number of banks, as well as the British government, are […]

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Five Things to Look for When Opening a Savings Account

July 20, 2012

Are you considering opening a savings account? These tips can help you find the best savings account for your needs, regardless of whether you are a financial pro, or if you are just starting your path to savings. For beginners The savings account landscape – both in Australia and across the rest of the world […]

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Maximizing Your Savings Returns

July 17, 2012

Remember when you were ten years old and you started a savings account and had your very own pass book? You put your allowance or paper route money into the account and earned seven percent interest. You thought it was so cool that after a year your fifty dollars became $53.50. Of course, at that […]

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Limit Six Savings Account Withdrawals Per Month

March 14, 2012

Many people may not be aware of it, but the Federal Reserve limits the number of transfers and withdrawals you can make from your savings accounts to a total of 6 per calendar month or statement cycle. (A statement cycle is equivalent to one month for most institutions.) This regulation has been around for a […]

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9 Ways NOT to Save Money

October 14, 2011

You are no doubt being told continually to save money, especially if you are somewhat of a spendthrift. A good way of doing this is to open an online savings account and start making regular contributions. This will not be the end of things however, as having a savings account doesn’t do you any good […]

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