It is becoming increasingly popular to use a mortgage in lieu of a low-interest savings account. Is this a good idea?The latest version is a home-equity line of credit that is used to buy a home. It i...
With two quarter point rises in base rate during the final third of 2006, the interest rates on offer to savers now look far more attractive than they did twelve months ago.I'm sure many of you wil...
With interest rates at fairly high levels, a good place to keep your money in the short term is a high yield savings account. These accounts, mostly offered by online banks, allow you to stash your mo...
The most traditional way of saving money is through a savings account at your local bank. There are two types of savings accounts: passbook and statement. You usually don't have a choice between the t...
Most of us know how to spend the money but many do not know how to make use of money to work for them. Spending is not your only option when comes to make the smart choices about using money. You can ...
The overwhelming majority of young children in Britain are saving money, it has been found. The Personal Finance Education Group (Pfeg), in conjunction with a major high street bank, conducted a...
You might think that savings accounts don't really help save much, even though their name suggests so. However, this is misleading. While they may not compare to other high yield options like mutual f...
There are several types of savings account that you can open in banks or other deposit-taking institutions. They usually offer instant access savings accounts, term deposit savings accounts, and high ...
When choosing a place to store the hard-earned money made from a career, one does not simply walk into the closest bank and open an account. There are a number of qualities and services to consider wh...
Finding the best savings account is one of the first steps you should take when first organizing your finances. They are important because you need a place to put your short term savings and you need ...