Archive for the ‘Banking’ Category

Some CD Rates Are Lower Than Savings Accounts!

Sunday, August 9th, 2009

Due to the economic uncertainty today I know a lot of people are hanging on to a little extra cash. My wife and I are too. And therefore I'm looking for either a CD or higher rate savings account to park a bit of cash for the near-term. For me ...

CD Tips To Remember

Thursday, November 13th, 2008

As yields dwindle and income investors scurry to find reasonable rates of return, I thought it might be helpful to point out a few key ideas when it comes to CD's. Certificates of deposit are savings vehicles that lock in a rate of return for a specific period of time. The ...

Economic Replacement Value (ERV) For CD’s

Thursday, November 6th, 2008

I remember radio commercials from my childhood that advertised certificates of deposit (CD's). At the end of each commercial the announcer would very quickly say "substantial penalty for early withdrawal." Later in life I discovered that this was a lie, or at least my idea of "substantial" was different from ...

Emergency Fund Options

Wednesday, May 14th, 2008

Yesterday several of my fellow bloggers had some interesting comments on Emergency funds, including Advanced Personal Finance and Frugal Dad. Please take a look at both of these posts, as they show two completely different but equally valid views on emergency funds. From my perspective I think and emergency fund should ...