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1. Money market rates

   Category: Resources/Articles

   Money market is a type of savings account which is offered by several credit unions and banks and it functions just like any other savings account. However there is a difference in money market and other ... Thursday, 13 May 2010

2. Nominal and effective APR

   Category: Resources/Articles

   Both APR’s nominal and effective are calculated in different methods. Nominal APR is simply calculated by multiplying the rate for a period with number of periods of payments in one year. On other hand ... Thursday, 13 May 2010

3. Period of Interest rate and APR

   Category: Resources/Articles

   Generally the rate of interest is decided on the basis of period of loan taken for and the economical condition out in current markets. Annual Percentage rate is calculated depending on the period of loan ... Thursday, 13 May 2010

4. Certificate of deposit

   Category: Resources/Articles

   ... credit unions, banks. Certificate of deposit can be a good way for any consumer to get higher interest rates for their saved money. However there are still some issues to be considered which you as the ... Thursday, 13 May 2010

5. The advantages of CD

   Category: Resources/Articles

   ... bank would be forced to stick on to strict secrecy rules that protect your money from divorce and creditors. Moreover as international banks are not included in the jurisdiction of your domestic court, ... Thursday, 13 May 2010

6. What is interest rate?

   Category: Resources/Articles

   ... to spend money temporarily and lend their money to be used by a loan lending agency such as banks. This definition also clearly describes the relation between a borrower and a lender. Moreover interest ... Thursday, 29 April 2010

7. Interest rates at commercial banks

   Category: Resources/Articles

   ... has encouraged the banks to increase their commercial interest rate edge. Moreover as the banks are short of credit they often encourage people to save money in their banks and also reduce the availability ... Thursday, 29 April 2010

8. Interest rates and the risks involved

   Category: Resources/Articles

   ... for mortgage would be comparatively lower. However when you take an unsecured loan it would mean that when you fail to make the repayments the bank would lose their money as they have no assets of the ... Thursday, 29 April 2010

9. Checking and Savings Account

   Category: Resources/Articles

   ... that earned interest on the money you have saved which was paid at varying intervals depending on the type of account you have. Today, most the lines are a bit unclear when it comes to the difference between ... Thursday, 29 April 2010

10. Definition for savings and checking bank account

    Category: Resources/Articles

    Savings and checking account basically lets you place your money in the bank to ensure it is safe. Therefore understanding the similarities and differences between these two bank accounts can help you ... Thursday, 29 April 2010