If you are confused between CDs and Money Market then there are few factors to consider : Time of Deposit: This is about planning your need for part or full cash requirements. Since there is no liquidity in CDs, one must plan about the length of the deposit. For example, it can be one deposit $25000 over 5 years or 5 deposits $5000 with returns in the 1 st year, 2 nd year etc.

Gone are the days, when you had to stand in long queues and go through a cumbersome process to open a Savings Account. The process would usually take days, in some cases even months for the process to be completed. In this age of technological revolution, where Internet has made the world a smaller and less complicated place, almost all banks now have their respective Website/App that allows you to open your Savings Account online.

A certificate of deposit (CD) is a certificate of financial savings with a date established in adulthood, a specific hobby rate and can be issued in any denomination in addition to the minimum financing requirements. A CD limits the right to access the debit interval until the date of the investment for adults.

By keeping your money in the savings account of the bank doesn’t mean you are doing the best thing. Different financial institutions have different rates to offer to the customer. One may give you 0.1% interest rate, and for the same amount of money, another will give 1%. Here are some tips for you on how to find the best High-Yield Savings Accounts or firms paying high rates on savings accounts:

With this guide, you will understand the ways to find the 2017 best savings account and tips to follow for achieving the same. First of all, don’t be surrounded by one single institution, search a bit and find a proper bank. Helpful Tips If you are a beginner and starting from scratch:

A checking account, also known as a transactional account, is one that can be easily opened and allows easy access to money. This type of account is essentially used to make quick bill payments and make the most out of financial transactions. The money from checking accounts can be accessed through the setup of an automatic account, by writing a check, or by using a debit card.

Banks were made for our convenience but capitalism has managed to make this social institution a money making business. You have to pay for each and every service which you may or may not have asked for. This entire scenario is quite paradoxical and difficult to explain to anyone who does not belong to our society.

Not satisfied with your bank? Want to switch? Fret not! This mini guide for switching banks will save you from the pain of reading long procedures and will help you guide you exactly through the entire switching procedure. Cease activities on your current account The step towards switching banks is to stop all your banking activities on your existing bank account.