#1: "We'll Grow Your Money As Slowly As We Can!"
There's often no rhyme or reason as to what interest rate a bank may use to pay into your interest-bearing account.
Suffice it to say your bank is building in a LOT of margin. For example, you could have a money market account that's only paying 1% in interest... Do you think your bank is earning 1% on YOUR money? Heck, no! It's probably at least two to three times that!
So instead of a traditional bank savings account, consider spreading your wealth among low-risk investments, such as CDs.
Next: #2: "We'll "Fee" You to Death!"
What You Can Do Now
Don't let your concern turn into fear - there ARE steps you can take to protect yourself from the current economic mess. Read More.
5 Warning Signs Your Bank Could Be In Trouble
Don't become a victim of another bank failure. Learn the 5 warning signs your money could be at risk. Read More.
Watch Those Overdraft Fees!
Granted, it is so convenient being able to withdraw money from your account at any bank's ATM. But watch those fees! Daria Dolan tells you how to plan ahead to avoid unnecessary costs. Read More.
Alert: What the FDIC Doesn't Cover
If you keep a good amount of personal treasures in a safe-deposit box, make sure you know if you're insured. If it's located at a bank, don't rely on the FDIC. Make sure your homeowner or renters policy covers it. If not, consider a 'floater' policy. Read More.
What the Fannie and Freddie Takeover Really Means
The government is taking unprecedented steps to keep Fannie Mae and Freddie Mac from collapsing. Here's what you need to know. Read More.
The ABC's of FDIC Insurance
With the recent bank failures, the FDIC has taken center stage. So how exactly does this insurance protect your money? We break it down in simple terms.
Play Video. ![]()
Bank Fallout Continues
Here's what you need to know about the FDIC, your bank, and protecting your deposits. Read More.
Insurance
Debt Management
Invest Wisely
Your Top Money Questions - Answered!
Have you ever wondered:
|
||
102Straight Talk TipAging Parent DeductionsIf you provide more than half of an aging parent's support, you may be able to declare your parent a dependent even if he or she is not living in your home. In addition to getting the dependent deduction, you may also be able to take a tax deduction for your parent's medical expenses. To prove you pay the expenses, pay your parent's bills directly to the provider, rather than giving your parent(s) the money to pay the bill. Click here for more tips. |
||
Advertisement








