CD interest percentages vary by bank and term length.

Certificates of deposit, often referred to as CDs, are time deposits.   Certificates of deposit are defined as low risk investments provided by banks and other lending institutions.  CDs are when you give your money to the bank and promise you won’t touch that money for a specified amount of time in exchange for a specified rate of interest. You are virtually loaning money to your bank.

Generally the longer you agree to lend this money to the bank, or term of your certificate of deposit, the more interest is paid… » Read more

Basics of Banking and Various Banking Services

Everyone is familiar with banking, but are you familiar with all of the various services your bank can provide to you other than you depositing your money and withdrawing it from checking or savings accounts? There are various services that a traditional lending institution can provide for their customers and many you may be interested in learning a little more about.

Checking accounts

Checking accounts are a familiar term for those customers that want a safe place to put their money until they are ready to spend it. Checking  accounts often don’t earn interest and are used basically to function as a place to hold your money until you… » Read more

Online Banking is better than Traditional Banking

Online banks have become very attractive in our current age of technology. Online banks offer nearly everything that traditional brick and mortar banks can provide to customers and more. If you haven’t considered doing your banking needs with an online bank account, think again.

Online banks allow customers to do all of their life’s business online from the comfort of their own home. Convenience is what usually attracts a lot of internet banking customers. The accessibility to deposit, transfer, check your account balances and pay bills from your home or any wireless connection at any time of day is wonderful.

With traditional banking you have to consider when the… » Read more