investments

On Banking... and Investments...

Banking has several great features that come with the services. There is an extremely easy processes for an account. They has several different types of security features in order to better protect your data.

You have 24 hour a day 7 days a week access to your account information. So no longer will you have to wait for your monthly statement to come in before you can balance your checkbook. Easily gain access to all of your important account history at the click of a mouse. Just one of the many wonderful features that are offered to customers at no charge.

On Certificate of Deposits...

It can be wise to have a portion of your savings in fixed-rate-income investments where it won’t be subject to the volatility of the stock market. But funds left sitting in a bank account often get little or no interest. By investing in high rate savings and CD accounts - certificates of deposit, you can get a guaranteed fixed interest rate that is usually several percentage points higher than savings-account rates.

I remember I usually, put my money on the longer high rate savings and CD accounts ,
Cause the longer it is the more money I can get, but the thing is you know I really have to wait for it's maturity before I can get that interests back.

You'll likely going to have more investing in a five year high rate savings and CD accounts than those one year term. The only problem I see here is that... You are locking away this portion of your money for five years...

Been there. Done that!

What happened to me before... With my bank...

I invested most of my money in a very long term and I suddenly needed that money for some reasons and couldn't get it because I locked it away for a long term - I mean I could get the money thou but there will be penalties. Word of advice put your investments in short terms like 90 days or one year terms, and after the maturity day you can still renew it and again you didn't loose anything and still get that interest rate back...

You also don’t want to put all of your money into long-term CDs when interest rates are low. If you do, you won’t be able to take advantage of higher rates of return, should interest rates rise.

I suggest that you try visiting eMoneyCentral.com for further bank information and current yields. Cause last night I was checking their site and they have a pretty decent offers for a high rate savings and CD accounts , and I was actually thinking of opening an account with them pretty soon - as soon as I get my money from my their investments!

I was reading some information on their site... I have read out that they really offer high interest rate accounts, that is the importance of having emergency money just parked in a very high interest rate accounts

... So what are you waiting for? Go check it out at eMoneycentral.com that is the place to put all that money at!



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