Posts Tagged ‘Certificates Of Deposit’

The Amazing Power of Compound Interest

Your Ad Here
One of the most constructive, and destructive, forces in finances is the power of compound interest. Compound interest is interest that is not only paid on the principal, but also on the interest that previously accrued on your investment. On the other hand, compound interest can work against you — for instance, as finance charges against your credit card debt that could quickly snowball out of control. It can be a great burden, or a great boon. It all depends on the money choices you make. Photo by thievingjoker via Flickr Making Compound Interest Work for You Compound interest can… Read the whole article...

Be the first to comment - What do you think?  Posted by Robert Wilkinson - April 16, 2010 at 7:20 am

Categories: Uncategorized   Tags: , , , , , , , , , , , , ,

Best CD Rates (Certificate of Deposit Rates), March 2010

The following is a list of the nationally available highest yields 12-month CD rates. In general, certificates of deposit (CDs) are great investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use CD Ladder to make your CD savings more flexible and effective. You can open certificates of deposit at your local bank, but with a little more effort you can secure the best rates through online banks. As of 3/2/2010, the highest yield CDs are: Bank Rate (APY) Min Deposit Details Discover Bank CD 1.60% $2,500 Choose terms from 6… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - March 3, 2010 at 4:20 am

Categories: Uncategorized   Tags: , , , , , , , , , , , , , , , , , , ,

Savings Accounts vs. CDs: Where to Keep Your Money in 2010?

If you’re a savvy investor, you most certainly have a fair bit of cash tucked away for general spending and emergencies. The stock market is a long term investment and if 2009 taught us anything, it was to not have money you need to spend in the stock market. So where do you put the money you don’t want in the stock market? There’s 3 main options to place your cash and get it FDIC insured for up to $250,000. You can put your money in a checking account where you have fast and easy access to funds. You can… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - January 22, 2010 at 2:20 am

Categories: Uncategorized   Tags: , , , , , , , , , , , , , , , , ,

Best CD Rates (Certificate of Deposit Rates), January 2010

The following is a list of the nationally available highest yields 12-month CD rates. In general, certificates of deposit (CDs) are great investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use CD Ladder to make your CD savings more flexible and effective. You can open certificates of deposit at your local bank, but with a little more effort you can secure the best rates through online banks. 1-Year CD With Highest Interest Rate As of 1/5/2010, the highest yield CDs are: Bank Rate (APY) Min Deposit Details Discover Bank CD… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - January 5, 2010 at 8:20 pm

Categories: Uncategorized   Tags: , , , , , , , , , , , , , , , , , ,

Personal Finance 101: What Does FDIC Insurance Really Mean?

One of the biggest things I inspire people to look for when they open a financial institution account is that the financial institution is FDIC insured. Most banks working in the United States offer this insurance. In an era where people are much more than a small worried about financial institution failures and the like, FDIC insurance is vital. But what exactly is it? Charlie writes in: What exactly is FDIC insurance? How does it function? [A local financial institution] went under recently and appears to have been bought out by another financial institution and from what I understand the… Read the whole article...

Be the first to comment - What do you think?  Posted by Robert Wilkinson - December 6, 2009 at 12:20 pm

Categories: Money   Tags: , , , , , , , , , , , , , ,

What To Do When Your CD Matures

We put our emergency fund into a CD ladder and every month one of those certificates of deposit matures and is automatically renewed. As an added bonus, ING Direct, where our CDs live, gives us a CD rollover bonus whenever we renew (currently the bonus is 0.15% on CDs of at least 12-months long). For us, the decision is simple. It’s a CD ladder and you simply renew the CD each month for the 12 month term. What if you’re money isn’t in a CD because it’s part of a CD ladder, what should you… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - October 22, 2009 at 7:20 pm

Categories: Uncategorized   Tags: , , , , , , , , , ,

John’s “Campground” – Some Thoughts on Investing with Added Personal Value

A although back once more once more,ote about >>>>my greatest buddy (besides my wife), John

1 comment - What do you think?  Posted by Robert Wilkinson - July 30, 2009 at 1:20 pm

Categories: Money   Tags: , , , , , , , ,