Savings Deposits

Probably the most familiar fixed-income instrument is an interest-bearing bank deposit. These are offered by commercial banks, savings and loan institutions, and credit unions In the United States most such deposits are guaranteed by agencies of the federal government, The simplest demand deposit pays a rate of interest that varies with market conditions. Over an extended period of time, such a deposit is not strictly of a fixed-income type; nevertheless, we place it in the fixed-income category The interest /.v guaranteed in a time deposit account, where the deposit must be maintained for a given length of time (such as 6 months), or else a penalty for early withdrawal is assessed, A similar instrument is a certificate of' deposit (CD), which is issued in standard denominations such as $10,000 Large-denomination CDs can be sold in a market, and hence they qualify as securities

Avoiding Credit Card Disaster

Avoiding Credit Card Disaster

People who struggle with saving money and getting out of debt will find these things in common: They don't know how to stop blaming. They have no idea where their money needs to go! They don't know they need to forget the home equity line. They also don't understand they need to sell some investments. Many more problems untold. Well don't worry, With the strategies that I’m about to let you in on , you will have no problems when it comes to understanding how to get out of credit card debt.

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