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Banking

Federal Funds Rate And Your Savings

June 14th, 2010

I’m sure most of you have heard a story on the news about the Fed (Federal Reserve) raising or lowering the Federal Funds Rate.  Did you pay close attention to the story?  What the Fed says about the Federal Funds Rate will affect your savings! What is the Federal Funds Rate? The Federal Funds Rate
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Certificate of Deposit (CD) – What is it?

April 9th, 2010

In today’s difficult economy, it is more important than ever to pay attention to the little details of personal finances.  Money kept in a typical savings accounts will earn very little interest, with many banks today paying as little as one tenth of one percent.  A certificate of deposit (CD) is one alternative that pays a
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9 Reasons You Need An Online High Yield Savings Account

January 25th, 2010

Do you have an online high-yield savings account?  If you don’t you need one! Here are 9 reasons why I think having an online high yield savings account is a must: 1. Brick and Mortar Interest Sucks I just checked the interest rate on my savings with the bank I do my checking with.  Ready? 
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Investing Term of the Day
In the context of a futures trading account, it is the value of the securities in the account, assuming that the account is liquidated at the going price. In the context of a brokerage account, it is the net value of the account, i.e. the value of securities in the account less any margin requirements.