Here’s a good deal on CDs for those that live in Georgia. Workmen’s Circle Credit Union is offering a 2.01% APY 6 month CD and a 2.5% 1-2 year certificate of deposit with a minimum deposit of $5,000. The early withdrawal penalty is pretty light, only 30 days’ interest. These rates are also available as…
Here’s a great checking account deal for residents of Washington State. Fibre Credit Union is offering a reward checking account called Choice Checking. If you meet the monthly requirements you get a very high 3.25% APY on balances up to $20,000 and 0.90% APY on the balance portion over $20,000. If you don’t meet the…
Hidden assets are undisclosed financial assets such as stock, bonds, or bank accounts. Hidden assets are used to provide financial security. For example in a divorce hidden assets won’t be taken into account in the splitting of assets. Finding hidden assets can be hard. Offshore bank accounts are very hard to track down to their…
Community Trust Credit Union is a 2.07% APY 1 year CD, a 2.17% APY 18 month CD and a 2.33% APY 2 year certificate of deposit with a minimum deposit of $2,500. These are available as regular CDs and as IRA CD rates as well. Membership is open to members of the Center for Community…
A POD account allows quick access to your cash in the event of your death. POD stands for payable on death and many banks will offer a POD service free of charge. A POD account ensures that your family has cash for immediate expenses without having to go through a will. You need to have…
A spousal IRA allows contributions to be made to into an account on their spouses behalf. They were created to allow stay at home parents to put away money for retirement even if they don’t earn any income. Normally you’re allowed to contribute $5,000 or 100% of your income to your IRA. However if you’re…
I often talk about banks using ACH transfers so I thought I’d write a post about what an ACH transfer is for those that don’t know. ACH is short for Automated Clearing House which is an electronic network that handles a lot of financial transactions in the US. ACH transfers are very reliable and efficient…
Here’s a bank promotion available in the following states: Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Washington DC. Sovereign Bank is offering a $150 promotion for opening a new free checking account with them. This promotion will end on March 13th, 2010. To qualify you must open a Premier…
Cash control is the verification of records of ingoing and outgoing cash to a business, organization, or household. Good cash control is needed for responsible accounting. Cash isn’t just money but can include money orders, credit card receipts, and checks as well. Cash control involves coming up with a system that tracks money going in…
The definition of broad money is the assessment of a country or market’s money supply. An understanding of broad money can be very useful when determining which markets or currencies to invest in. Calculating broad money is very complex and involves ascertaining the amount of currency that is in public circulation in a given country….