Understanding Your Debt-to-Income Ratio
Your debt-to-income ratio compares the amount of money you earn to the amount of money you owe to your creditors. It's an important indicator of your financial health and whether you have control of your spending. To calculate your own debt-to-income ratio, tally up your predictable, recurring debts, your mortgage, car payment, insurance, etc. and […]
Create a Sound Debt Reduction & Savings Plan
No matter what's going on in the economy, it's always a good idea to minimize debt and also have enough money to support your daily expenses and lifestyle. A solid debt reduction strategy includes a savings plan. Because money market accounts offer security, flexibility and a way to earn interest on your deposits, these types […]
Tips for Reducing Credit Card Debt
The key to reducing credit card debt is either to pay off your balances every month or—when you can’t do that—make higher-than-minimum payments without adding to your balance. Although this may seem like a challenge if your credit card debt is very high, a determined and disciplined approach will go a long way toward helping […]
Factors to Consider When You Compare CDs
Certificates of deposit (CDs) can be a great way to save for the future. When you compare CDs, you should determine how much you want to deposit and how long you want to commit that deposit to a CD. Those two factors can help you compare CD rates accurately. It's important to be aware that […]
What You Should Know Before You Compare CD Rates
Many people find that certificates of deposit, or CDs, can be a good way to reach their financial goals. CDs are generally considered low-risk places to park your money, and they usually earn interest at higher rate than savings accounts.Before opening a CD, it's a good idea to compare CD rates. After all, the higher […]
Get More of Your Retirement Time Back: Compare CD Rates Online
There's never been a better time to compare certificate of deposit (CD) rates online. The variety of information and tools available make it easy to access and compare the most current rates from banks around the country. Customize your search.Bankrate.com is an excellent place to compare CD rates online. The site's customizable search engine allows […]
Things to Consider When You Compare Bank CD Rates
When you compare bank certificate of deposit (CD) rates, you want to be sure not to overlook anything. In addition to interest rates, be sure to take into consideration other key items, like fees, terms and cash flow. Avoid broker fees.Brokers traditionally charge a fee to do rate shopping, research and renewals for you. However, […]
3 Ways to Enhance Your Search for CDs Online
Once you've decided to start growing your savings with certificates of deposit (CDs), the next step is to find a financial institution that offers great CD rates, along with outstanding service. You might naturally start with your bank or credit union. But you should also keep in mind that you don't have to visit a […]
Choosing Between CDs, Savings Accounts or Checking Accounts
When you know you have a specific time period in which you won't need access to your savings, you may want to put some of it into a certificate of deposit (CD). As a general rule, CDs often pay a higher interest rate than money market, savings and interest checking accounts. But this advantage comes […]
Choosing a Checking Account
Which interest-bearing checking account is right for you? At Credence Global Bank, we feel that opening a new online checking account should be an easy decision. But as with any financial decision, it's smart to do some homework before you make your final choice. You can start the process of choosing a checking account by asking […]
