DateFebruary 15, 2019

Should You Open A Money Market Savings Account

Should You Open A Money Market Savings Account

5 Challenges to growing an international business –
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The economy has really taken a lot of us on a ride recently. We are a nation of spenders, not savers, and that has really come back to bite many of us. The good news is that we can see this downturn as an opportunity to protect ourselves better in the future. Opening a money market savings account is a great first step to take.

A money market account is similar to regular savings accounts. You deposit money in the bank and you earn a certain interest rate on that money for as long as it’s there. You can withdraw it but you might lose some interest and/or have to pay some fees. It’s not quite as easy to get to as a standard checking account, but it is still liquid.

Having said that, there are some significant differences between a money market account and the ‘regular’ savings account. For one thing most money market accounts will require you to make a significant deposit to open the account. It can be as high as $1,000- $2,500. This will ensure you earn a higher interest rate, but for some people this amount is out of the question.

Another difference is the ease of access to your money. Many regular savings accounts will offer you virtually unlimited access to your money, with a money market account you are generally limited to only a few withdrawals per month. Usually between 3 -6. The …

looking for Bad credit home loan??

looking for Bad credit home loan??

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There are different categories of home improvement loans, like cheap home improvement loans, low-interest home improvement loans, secured home improvement loans, fast home improvement loans, and bad-credit home improvement loans. A bad credit home improvement loan is for the borrower who has a bad credit history or has certain financial troubles, like amounts outstanding, County Court judgments, defaults and so forth. A bad credit home improvement loan is for a specific purpose, like improving the borrower’s home. But it covers only essential improvements, and if any extension work is done, its essentiality has to be proved.

The poor credit history of the borrower may give the lender a chance to find him unreliable and put him in a high risk category and reject the loan proposal. Even if the lender provides the loan he charges a very high rate of interest. The most important point to be noted in bad credit home improvement loans is that if the borrower fails to pay the installment on time, he may lose his house, because he has already given his house to the lender as collateral property.

When a bad credit home improvement loan is compared with a mortgage extension loan, which has a similar purpose, it is advisable to get a bad credit home improvement loan rather than a mortgage extension loan, because a mortgage extension loan has to be repaid over the period of the mortgage, which means the borrower ultimately pays more …

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