Many of us know what a bank is and how it operates. But you’ve probably also heard about people conducting financial transactions through a credit union. Banks and credit unions are very similar: Both institutions offerchecking,savings,money market accounts,personal loans,certificates of deposit,c...
A good interest rate on a personal loan is anything lower than the market’s average rate. But a good rate for you depends on your credit score. For example, if you have excellent credit, a rate below 11 percent would be considered good, while 12.5 percent would be less competitive. ...
Collateral is a valuable asset (like a car, house or even cash) you can pledge to secure a loan. If you fail to repay your loan, the lender can seize whatever you've put up as collateral. Financial institutions and other lenders usually consider loans secured with collateral less risky, ...
Linking several accounts is also an excellent alternative. Having a checking account and a savings account may be the best solution. That way, you can automatically move money from one to the other to cover all the necessary payments. At Bank of America, you can find great alternatives to ke...
George has a proven track record of delivering award winning results for industry leaders such as Carter’s/OshKosh B’Gosh, SPANX, Liberty Medical, Navy Federal, Terminix, Trugreen, and The Home Depot. The #1 habit of highly successful content marketing campaigns is… A concrete ...
So, what exactly is a fixed exchange rate? In simple terms, a fixed exchange rate is a currency valuation system where a country’s currency is pegged or fixed to another currency, a basket of currencies, or even a precious metal such as gold. This means that the exchange rate between ...
Money market accounts generally offer higher interest rates compared to savings accounts. This is because money market accounts often require a higher minimum balance and are considered to be more active investment vehicles. Savings accounts, on the other hand, provide a more conservative rate of ...
With the current overheated housing market here in Colorado, I’m not tempted to even look at other properties, but someday that may change. And the great thing about havingactual savingsrather than just a high income that lets you qualify for a loan, is that you can be ready to pounce...
"A home building revival is coming, but it didn’t arrive in January," said Robert Frick, corporate economist for Navy Federal Credit Union. "High mortgage rates with maybe a dash of cold weather caused starts and permits to fall from December. We know that builders are ready to ramp up ...
The cash value of permanent life insurance serves two purposes. It is a savings account that the policyholder can use during the life of the insured, and the cash accumulates on a tax-deferred basis. Some policies have restrictions on withdrawals depending on how the money is to be used. Fo...