High yield accounts are most commonly offered by online banks, such asCIT BankorDiscover Bank, rather than big banks like Chase and TCF that offer a low interest rate on a regular savings account. High yield savings accounts are flexible accounts that are great for storing emergency funds and ...
Non-interest-bearing accounts are often a good option for people who are new to banking, such as children. They have enough services to help a new customer get acclimated to the process of banking without being too demanding. These types can also be particularly useful for customers with littl...
The cost of having interest-bearing debt is typically higher when you are young, but the interest payments can decrease as you get older if you establish a good credit record and raise your credit scores. The debt is created when you borrow money from a lender, which adds interest onto the...
Examples of common NIBCL that people may encounter are current income taxes payable by the end of the year, unpaid taxes that are not increasing due to any type of penalty or interest and accounts payable that have no fees. Real World Example ...
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A money market account is an interest-bearing account that you can open at banks and credit unions. They are very similar to savings accounts, but they offer some checking account features as well. Money market accounts pay competitive rates and are a sa
A deferrred annuity is an interest-bearing account similar in many ways to a bank certificate of deposit but not protected by FDIC. Deferred annuities are "manufactured" by insurance companies, not banks. You would typically review a list of deferred annuity quotes if you were interested in ...
Interest-bearing checking accountsoften allow you to earn a certain APY in exchange for having your paycheck directly deposited or making a minimum number of monthly debit card transactions. The APYs earned by many interest checking accounts, however, are only a fraction of what manyhigh-yield sav...
An interest rate differential (IRD) contrasts theinterest ratesof two similar interest-bearing assets and represents the difference between them. In theforeign exchange market, the IRD is the difference in the interest rates between two countries and is referred to as the net interest rate different...
Capital markets are used primarily to sell financial products such as equities and debt securities.Equitiesare stocks that represent ownership shares in a company.Debt securitiessuch as bonds are interest-bearing IOUs. These markets are divided into two categories: ...