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Atricle Dump - Fixed Interest Investing: Making Bank - Building Society Deposits
My most recent article criticizing the controversial equity-indexed annuity has generated a boatload of email. But one email in particular caught my eye. And it wasn’t from being flamed by irate insurance agents (I got plenty of those!), or emails from thankful consumers, pleased the public is being warned about equity-indexed annuities’ pitfalls.This special email was from a California lady who had just attended a free dinner promoting equity-ind
Watch for introductory rates, sometimes called a bonus. These last for a limited period, usually only six months (to attract new investors) and it is the subsequent rate which matters.
The final point on interest rates is that it is the after tax rate which matters for you, so your marginal income tax rate (the highest r
Truck driving schools have had to meet the demand of the growing number of young drivers who are entering into one of the most in demand professions there is. By deciding to enroll at a truck driving school in any state of the USA, you have already made the decision that truck driving is the profession for you, but you are most probably confused at the number of truck driving schools, the different costs and programs, and wonder which one you should cho
Whilst deposits and withdrawals are easy, these accounts do not have the facilities of a current account such as cheque books. A higher rate of interest is therefore paid.
A deposit account is a useful back up to a current account, with easy transfer from one to the other. As well as being the best place for your cash reserve, the deposit account can also be the first port for your savings, especially for short term objectives, such as a holiday or Christmas.
You need to keep a record of the different amounts you are saving, but there is an advantage in placing them all in the same account, as interest rates may increase with the amount deposited.
Understanding interest rates
Interest rates on deposit accounts may be fixed or variable but the capital value does not change.
There may be higher rates available for notice accounts, where there is a period of notice before withdrawal or a penalty for earlier withdrawal. Thirty days is a common Period but there are accounts available for 60 or 90 days, or even longer. More planning is necessary to avoid Penalties and these are not suitable for your emergency fund.
Another important factor is the amount on deposit. Rates frequently increase at ?2,000, ?10,000 and ?25,000. There may be a minimum balance.
The frequency of interest payments varies, so rates are compared by using the annual equivalent rate (AER), which takes account of the timing of interest payments.
Watch for introductory rates, sometimes called a bonus. These last for a limited period, usually only six months (to attract new investors) and it is the subsequent rate which matters.
The final point on interest rates is that it is the after tax rate which matters for you, so your marginal income tax rate (the highest r
Successful companies are those that can recognize and respond profitably to unmet needs and trends in the macro-environment. Unmet needs always exist. Companies could make a fortune if they could solve any of these problems: a cure for cancer; chemical cures for mental diseases; non-fattening tasty nutritious food; and practical electric cars. However, during the last decade, cross-border economic transactions have increased in scope (stretching) and int
You need to keep a record of the different amounts you are saving, but there is an advantage in placing them all in the same account, as interest rates may increase with the amount deposited.
Understanding interest rates
Interest rates on deposit accounts may be fixed or variable but the capital value does not change.
There may be higher rates available for notice accounts, where there is a period of notice before withdrawal or a penalty for earlier withdrawal. Thirty days is a common Period but there are accounts available for 60 or 90 days, or even longer. More planning is necessary to avoid Penalties and these are not suitable for your emergency fund.
Another important factor is the amount on deposit. Rates frequently increase at ?2,000, ?10,000 and ?25,000. There may be a minimum balance.
The frequency of interest payments varies, so rates are compared by using the annual equivalent rate (AER), which takes account of the timing of interest payments.
Watch for introductory rates, sometimes called a bonus. These last for a limited period, usually only six months (to attract new investors) and it is the subsequent rate which matters.
The final point on interest rates is that it is the after tax rate which matters for you, so your marginal income tax rate (the highest r
Tonight I received a great offer, one I probably will not accept.It's an invitation to listen in on a teleconference. Between two well-known people. Something I could possibly benefit from... ** IF **I don't know about you, but most teleconference calls I've listened in on, not a lot, but enough, have never actually addressed what they claimed they were going to address.Oh, as callers get settled in, they make the appearance
Understanding interest rates
Interest rates on deposit accounts may be fixed or variable but the capital value does not change.
There may be higher rates available for notice accounts, where there is a period of notice before withdrawal or a penalty for earlier withdrawal. Thirty days is a common Period but there are accounts available for 60 or 90 days, or even longer. More planning is necessary to avoid Penalties and these are not suitable for your emergency fund.
Another important factor is the amount on deposit. Rates frequently increase at ?2,000, ?10,000 and ?25,000. There may be a minimum balance.
The frequency of interest payments varies, so rates are compared by using the annual equivalent rate (AER), which takes account of the timing of interest payments.
Watch for introductory rates, sometimes called a bonus. These last for a limited period, usually only six months (to attract new investors) and it is the subsequent rate which matters.
The final point on interest rates is that it is the after tax rate which matters for you, so your marginal income tax rate (the highest r
In today’s world there are millions of people in debt and feeling that they are lost in a world of bills. They find the situation getting worse with every month that passes, but it doesn’t have to be this way if you consider a few tips on reducing debt.If you find that you have accumulated too much credit card debt there is an answer for this. That is to consolidate all your credit cards into one monthly payment at a lower rate of interest than yo
Another important factor is the amount on deposit. Rates frequently increase at ?2,000, ?10,000 and ?25,000. There may be a minimum balance.
The frequency of interest payments varies, so rates are compared by using the annual equivalent rate (AER), which takes account of the timing of interest payments.
Watch for introductory rates, sometimes called a bonus. These last for a limited period, usually only six months (to attract new investors) and it is the subsequent rate which matters.
The final point on interest rates is that it is the after tax rate which matters for you, so your marginal income tax rate (the highest r
A recent survey indicated that clean Taxi Cabs Fleets have higher tip rates and repeat customers. How do you wash a taxicab? You do them four at a time and you go up and over and up and over when you are drying them. If they have a little taxi cab sign, dry that last. But you do the rest of the car the way you do a regular car. The only difference is you are going to spray three, four, five, sometimes six cars at a time. Then another crewmember is going
Watch for introductory rates, sometimes called a bonus. These last for a limited period, usually only six months (to attract new investors) and it is the subsequent rate which matters.
The final point on interest rates is that it is the after tax rate which matters for you, so your marginal income tax rate (the highest rate you pay) is a critical factor.
Choosing an account
There is a wide choice of account at all levels of deposit and notice period and the situation is constantly changing, so what is best for you today might be different next month.
However, when interest rates are generally low, unless you are making a substantial deposit the difference will not be great and it is not worth the bother (and loss of interest) of changing accounts for a small increase.
One thing to watch out for, though, is the closure of an account to new entrants, which tends to happen when it has become less attractive and the provider has introduced a new account. They are not bound to notify account holders, although complaints about this have caused some to do so.
Therefore it is wise to check the current rate on your account and compare it with the competition. Comparable rates can be found in newspapers and in Which? and other money magazines.
Using postal and Internet accounts
A number of banks and building societies have postal and/or Internet accounts. The advantage is that interest rates may be slightly higher because the expense of maintaining branches is avoided.
The disadvantage for postal accounts is the delay in transactions, particularly when making withdrawals.
However, return by post is generally quick (except at Christmas time) because they aim to reply the same day, using first class post.
In the case of Internet accounts, transfers in and out are usually from and to a nominated account (s
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