• Keep your banking information secured

    Keep your banking information secured

    Don’t be astonished choosing a password for your Internet banking account is very important. Before you put your password for Internet Banking, make sure that you choose a password that only you can remember. A strong password has ideally at least 14 characters or more – certainly the more the better. The password must be composed of letters, numbers and other symbols. You can use upper and lower case to improve the complexity of...

    http://bank-rates.org/financial-consultant/keep-your-banking-information-secured
  • Alluring bank rates and easy profit

    Alluring bank rates and easy profit

    The banking industry is alluring. In the last ten years, competition among financial institutions has created many opportunities to make extra money with the best Bank Rates. There are two main reasons for this new competition: reduced regulation and appearance of the Internet. With widespread access to broadband, online banks can now offer loads of features that traditional banks can not. In addition, these online banks can offer the best...

    http://bank-rates.org/financial-consultant/alluring-bank-rates-and-easy-profit
  • Online banking: advantages and disadvantages

    Online banking: advantages and disadvantages

    Most online banks offer higher interest rates or other offers on savings accounts and other banking products because these banks have less overhead. There is not much building to pay and there are fewer employees. Account information and services are available 24 hours a day, every day. An exception to this rule would be for online banks may need to go offline for a couple of hours to update and maintain systems. Most online banks have no fees...

    http://bank-rates.org/financial-consultant/online-banking-advantages-and-disadvantages
  • What you need to know about bank rates

    What you need to know about bank rates

    People need the loans for different reasons and things. You can choose different loans, such as home loans, car loans, student loans, business loans and other types of loans. Don’t forget that the percentage varies in different types of loan . Banks will typically have lower percents in regards to percents match to other financial institutions. Before apply for a loan, you must know the rate of bank loans. If you need to buy a house for...

    http://bank-rates.org/financial-consultant/what-you-need-to-know-about-bank-rates
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Is the Pendulum Swinging Back to Optimism?

By Kenneth Moore | Jun 15, 2010

The stock market had a big day yesterday, and has been generally trending upward for the past week. This relates to bank rates because optimism in the market often translates into higher interest rates. Indeed, bond yields have moved upward lately. So is this the movement bank depositors have been waiting for?

Don’t count on it. The market’s rally has all the earmarks of a mood swing, and thus could be pretty fragile.

In that sense, even the market’s recent success is reason for suspicion. This hasn’t been a steady climb built rationally on a succession of positive economic news items. Rather, the market has lurched forward in big chunks, just as it often lost money in big chunks in May and early June. There have even been occasions when there have been big gains and then big losses throughout the course of a single day.

Notably, all of this has occurred without any particularly meaningful news events. So, the

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Tags: Optimism
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Consumer Price Index drop indicates inflation may have already peaked

By Kenneth Moore | Jun 15, 2010

The CPI dropped from 3.7pc to 3.4pc in May, the Office for National Statistics reported.

The fall, which was largely driven by a drop in food costs, marks one of the few occasions when inflation has come in lower than City analysts expected.

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Tags: May, May Already
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Making the Switch to a Credit Union

By Kenneth Moore | Jun 13, 2010

Most people would experience advantages if they switched from a traditional bank to a credit union. Here’s what you need to know before you try to make the switch:

Are You Eligible for a Credit Union?

 

In recent years, credit union membership has become available to more people but not everyone will be eligible for credit unions. There are credit unions available to employees of a particular business; credit unions for people who live, work or worship in a certain geographic area, and credit unions available to people working in certain industries. Check the credit unions in your neighborhood first to see if you meet eligibility requirements, and if not – look for national credit unions available online if you don’t mind online banking.

Other ways to become eligible for a credit union membership is to become a member of an organization or group in which membership makes you eligible for the credit union.

Credit Unions are Nonprofit

 

One of the reasons most people will benefit from switching to a credit union from a bank is because credit unions are nonprofit organizations. This me

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Tags: Credit Union, Union
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Bank Rates Need More Than Wishful Thinking to Rise

By Kenneth Moore | Jun 12, 2010

Consumer confidence rose last week, even as figures were released showing that retail sales fell during May. For bank rates — and the economy — that’s not an even trade-off.

Money market rates, savings account rates, and CD rates remained pretty much unchanged, probably because they don’t have much further to fall. Bank rates need tangible evidence of economic progress before they can get up off the mat.

On that score, you might think that a lift in consumer confidence was good news, but the consumer confidence index often gets more attention than it deserves. Confidence matters in the short run, but fundamentals like jobs, incomes, and sales are what create sustainable moves in the economy.

In terms of fundamentals, the report that retail sales lost 1.2% (seasonally adjusted) in May is a setback, but not an altogether surprising one. May’s dec

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Tags: Bank Rates, Rates
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Ask the Expert: Is It Worth the Time to Switch Savings Accounts?

By Kenneth Moore | Jun 11, 2010

Q: Is it worth it to switch savings accounts to a higher-yield account? My current bank’s rates are much lower than the competition’s, but it is such a time suck to switch accounts.

A: To be sure, nobody likes the paperwork involved in switching banks, but you have to think about this in rational economic terms — how much is it worth to switch, and is that amount of money worth your time?

To quantify how much it might be worth to switch, start with bank rates. With the average savings account rate down around 0.20%, it might be easy to dismiss bank rates as too low to justify switching. However, if you shop around on MoneyRates.com, you could find high interest savings accounts with rates up around 2%. If yo

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Tags: Accounts, Savings Accounts, Switch Savings, Switch Savings Accounts
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