A high interest savings portfolio does not have deposit insurance, which means fund managers tend to spread deposits among lots of banks to make sure the money is safe as well as keep close watch on the health of the banks. But any money in the fund is segregated from the fund manager’...
In exchange for depositing your money into a bank for a fixed period (usually called the term or duration), the bank pays a fixed interest rate that’s typically higher than the rates offered on savings accounts. When the term is up (or when the CD matures), you get back the money y...
This article explores the act with particular attention to the safe harbor, which exists to encourage banks (financial institutions) to report suspicious activity while hopefully falling under the protection of the Act, so as not to be exposed to civil liability....
A bank is a financial institution that is licensed to accept checking and savings deposits and make loans. Banks also provide related services such as individual retirement accounts (IRAs), certificates of deposit (CDs), currency exchange,personal loans, and safe deposit boxes. There are several t...
CDs are very safe investments—bank CDs essentially guarantee that you’ll get your initial investment back. The only risk is the potential for lost interest if you redeem the CD before maturity. If you need to retrieve your money early, you’ll be subject to an early withdrawal penalty, wh...
How to Build a CD Ladder A CD is an investment product offering a fixed interest rate for a specified period of time. The invested funds are insured up to $250,000 by theFederal Deposit Insurance Corp. (FDIC). They are locked in by the issuing bank until the maturity date of the CD...
If you don’t take action, the CD may be automatically renewed for another term (of equal length), but the interest rate may not be the same as your initial term. Are CDs safe? CDs are considered safe investments because when you opt to open a CD at a bank or credit union that’s...
Learn how a CD can help you preserve your savings when inflation is eroding your purchasing power.
How you can tell if your commercial bank is safe The article discusses the significance of the Federal Deposit Insurance Corp. (FDIC) to the commercial banking industry and depositors in the U.S. It says ... F Dawson - 《Inside Tucson Business》 被引量: 0发表: 2008年 7 Smart places to...
Learn about the most common bank scams and what form they take to ensure you stay safe. Never provide your personal information or money to someone if you are not 100% certain of the source.