Category: Savings
Best Online Savings Accounts: May 2024
The best online saving accounts normally offer higher interest rates than traditional savings accounts and traditional banks. At many online banks there are high-yield savings account options,The lower maintence costs of not having actual bank location allows the higher interest rates to be offered. The downside of an online bank is not being able to…
Save Money: Top 3 Ways
Learning to use creative ways to save money will help yourself to increase savings and investments for your future. There are multiple ways to reach goals for investments and savings from imaginary bills, side work, and taking advantage of employee match programs. Imaginary bills An example would be if your rent is $1,500 now, but…
T-Bills Vs. T-Notes Vs. T-Bonds
Treasury Bills Treasury bills (also known as T-bill) is a short term loan to the federal government. The loan duration is less than 12 months. These have lower rewards and lower risk than other investment options typically. The interest rates are fixed to the rate that is offered for the duration. At the end of…
What is a Certificate of Deposit (CD)?
Certificate of deposit is an account where you are guaranteed a rate of deposit for a set time, usually three months to five years. At the end of the duration the funds will rollover into a new CD depending on the terms and conditions. You can adjust if the funds will be rolled over or…
What is a High-Yield Savings Account?
A high yield savings account is a savings account that pays at a higher interest rate than a traditional savings account. Financial institutions and online banks are most companies that offer these. Opportunity for your money to grow, while being an FDIC insured account, per insured bank. Today high yield savings account rates can range…
Saving Money Ideas: Top 10
The saving money ideas below are ones I use myself to reduce my spending. Maintaining accurate records and paying attention to little details will help control your overall financial situation. Unplug unused electronics. Unplugging unused electronics may seem like something insignificant, but it can help reduce electricity bills. This is one of the simpliest money…
