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Debbie Dragon is the co-founder of ReliableWriters.com and has been providing informative articles to top financial sites for the past eight years. Her focus is on providing readers with practical advice for stretching their money as far as possible and has come up with countless creative ideas for doing so. You may contact debbie depositaccounts.com.
There is no bank or financial institution in existence that would be a perfect match for everyone. To make sure you get the best out of your bank or financial institution – you will need to put a little effort into researching your options before selecting a bank. Once you have selected the bank or financial institution, there are a number of things you can do in order to reduce your fees, increase your savings, and get all you can possibly receive from your banking relationship. Here...Continue Reading
Understanding the different terms used to describe interest rates can be confusing at first. Generally you will see the term interest rate mentioned, along with APR or APY, so what’s the difference? Using APR and APY calculations to compare various investments and the real cost of a purchase requires that you understand what each of these terms mean, and how interest is calculated and compounded.
The “interest rate is the simplest term to understand. It simply means the amount of interest that will be paid on an...Continue Reading
ChexSystems, Inc is a consumer-report agency governed by the federal Fair Credit Reporting Act enforced by the Federal Trade Commission. It exists to provide financial institutions account verification services when individuals apply for accounts. ChexSystems primarily aids banks and financial institutions in identifying applicants with a poor history handling their bank accounts, including those who had overdrawn accounts that were closed.
Before a bank or credit union will allow new customers to open accounts, they must first go through an application process. Banks are required...Continue Reading
It may seem that credit unions and banks offer the same products and services upon first glance. Both types of financial institutions give people a variety of options for saving money, writing checks, using debit cards, and getting loans. The same opportunities for financial solutions may exist at both credit unions and banks – but it doesn't mean those solutions are created equal. Here are some of the major differences between credit unions and banks:
When you have a financial account with a traditional bank, you're...Continue Reading
It's officially the holiday season and people are starting to hit the stores for their annual holiday shopping. With many American's still out of work, or experiencing prolonged economic struggles, some families may be tempted to dip into their emergency fund to pay for their holiday expenses. Is this a good idea or a financial mistake?
Probably there is no one-answer-fits-all solution to this situation. If you have the cash flow to pay for your living expenses and pay for your holiday necessities – by all means, you...Continue Reading