Month: August 2020

Beware of Financial Scams

Posted on by Bryce Gaila
Financing a business may be challenging. Businesses need funds to start up or to expand the existing business. During this pandemic, some businesses need the funds to survive these uncertain times. Securing funds is not at all easy. Financing options will depend on the type of business you own.

The Top 5 Financial SCAMS of 2020 | With Special Guest Meet Kevin

 
Most financing companies will look into your business’s standing. They would scrutinize a business’s performance, market, assets, and a lot more. No matter how difficult it may seem, there will be a right financing company to help with your business. Just be wise to look and ask around. When you feel desperate don’t get lured in a financial company that offers something that’s too good to be true. You may be a victim of scams. Since financing involves money there are many people who fall prey to predators. These predators will take advantage of you and would put your business down.

Where can I find a higher rate on a savings account?

Posted on by Elly Kimmy

Having a savings account is good. It lets you have a place where to keep your profits from 海外fx おすすめ that is both safe and secure. More importantly, it allows you to grow the money by a small percentage while it is saved in your account. The question is, why is that, banks have this low rates of interests for savings account?

You may be wondering if there are other options that you can find that provide higher rates for your money. As a matter of fact, one of the great options that you can opt for is by checking out some savings account online. Doing so will open you to tons of different bank accounts that offer above the average interest rates. As for security though, see to it that the bank offers FDIC insurance or protection for your account.

Your Alternatives

Now, there will be instances in which the interest rates of a savings account would not satisfy you. If you want your money to grow passively, you may try out alternatives to a savings account.

Certificate of Deposit

This is simply called as CD or a kind of bank account that’s holding the deposit for a given period of time like for example, 6 months or maybe more. The CDs are paying either variable or fixed interest and you get the interest along with the amount you’ve deposited when the term lapses. What seems to be the downside here is, you might pay penalty for making early withdrawal.

The interest on a CD is typically higher compared to traditional savings accounts. You may opt to open just one CD then wait until such time it matured to get accessibility to your funds at once or… you may open several CDs simultaneously with varying terms and access them at regular intervals as each CDs reach maturity.

Money Market Accounts

These types of accounts are basically another kind of deposit account you can get from a credit union or bank. You might have to create minimum deposit in opening money market account. The rate of interests on these money market accounts higher than what traditional savings accounts have to offer. Just bear in mind though that your money market funds or your money market mutual accounts aren’t the same with money market deposit options. Funds in money market are considered as investment and are not insured by FDIC, which may be a risk for some.