Fixed Rate Savings Accounts: What Are Your Options, and What Kind of CD Strategy Should You Use?
It is quite common for people to look for savings accounts with fixed rates. However, traditional savings accounts usually have variable rates. For true fixed rate savings, you’ll have to consider a CD account or a savings account that accumulates a predetermined interest rate for a set period of time, or the “introductory period”, after which, the rate could go either down or up, depending on how much money you put into the account. There are usually different levels or tiers of savings accounts, and you might be required to continue putting more money into the account if you want to keep a decent APY rate.No Fee Savings Account and Other Important Factors to Consider With Online Banks
You should never have to pay any fees for keeping a savings account. It should the bank that pays you interest for keeping your money in their institution loan term. Whether you simply want to create an emergency fund or are interested in certificates of deposit, you should look specifically for a no fee savings account.Covid-19: Four Ways to Survive and Thrive in Challenging Times
The fragile global economy has taken a major hit from Covid 19 pandemic. The global supply chain(s) was the first economic system to be impacted by the Coronavirus outbreak occurred in China. Since then, business operations and personal finances have been on a downward spiral due to the lockdowns and “social distancing”. Therefore, its important to look at time-tested ways to reduce the consequences to our wallets. We also have a large number of alternative financial opportunities available (to us) using the Internet.Covid-19 and Our Money: Fighting a Psychological Battle
SUMMARY It is easy to see how the Covid 19 pandemic has dealt a harsh blow to the physical health global community. It is important to recognize the Coronavirus is impacting our lives in other ways. People’s mental and emotional well-being has been negatively affected. There are effective techniques to deal with the stress-related to the psychological effects of unemployment and cabin fever lockdown syndrome.Top Ten Savings Accounts: A Quick Summary of Some of the Best Online Banks & What They Offer
If you’re someone who is looking for a safe, yet potentially profitable way to put your money, then the best solution is a high-yield savings account from a reliable, strong financial institution. You don’t necessarily have to choose a traditional bank, either. There are some good online banks to choose from these days, although not all of them are equal. Here are the top ten savings accounts to look into (no specific order)…