Why Money Market Accounts Make Sense Now
Everyone can use a secure place to put money for a vacation fund, recurring expenses, a down payment on a car, unexpected expenses, and so on. The best option for this kind of account is one that pays interest, but is easy to use and provides the peace of mind that comes from knowing your […]
The Money Market Account Advantage
No matter what's going on in the economy, money market accounts (MMAs) provide you with a sound choice when you want to earn a great interest rate and still have access to your funds. It's important to note that money market accounts (MMAs), offered by banks, are different from money market funds (MMFs), offered by […]
Money Market Accounts and the Economy
Liquidity refers to how easily you can buy or sell your investments, and financial professionals agree—no matter what's going on in the market, having a certain degree of investment liquidity is important. Indeed, that's one of the reasons people own money market funds. But with money you have in bank accounts like savings, checking, certificate […]
Learn About Savings Accounts
When opening a savings account, you should find out how the account's interest is calculated and whether it carries any hidden fees. Your savings account questions may have answers that vary from bank to bank. How interest accrues is one example. Let's say that one local bank compounds interest daily, but does not credit it […]
Choosing the Best Money Market Account
When shopping for the best money market account, here's why it might make sense to go with Regional Credit Union. The Allied Trust Credit UnionMoney Market Account requires no minimum deposit to open and no monthly maintenance fees. Your deposits are insured by the FDIC up to the maximum amount allowed by law. And because we value […]
Things to Consider
Money market funds (or MMFs), offered by brokerages, differ from money market accounts (or MMAs), so simply shopping for the highest money market rate isn't necessarily the best way to make smart financial decisions. Money market funds As a bank, Allied Trust Credit Uniondoesn't offer money market funds, but we can give you some basic information […]
How CDs Compare to Investments
Saving with CD accounts can be a great way to reach your savings goals, but how do CD accounts compare to investments? An investment involves risking money in order to earn profits. An investment may earn a small return, a large return or no return at all, depending on how the investment performs. Investing comes […]
Quick Take: Plan for a Rainy Day
When you're planning to build up a fund for emergencies, unexpected expenses or lean financial times, it's important to consider the best way to save. You may decide to place your money into a certificate of deposit (CD), savings account or another type of savings product. Your first savings goal should be to have emergency […]
Can Your CD Interest Calculator Do This?
At Credence Global Bank, we know how important it is to make your money work as hard as possible. That's why we offer such a wide range of certificates of deposit, or CDs.Not only do we offer rates that are consistently among the most competitive in the country, we make it easier for you to choose […]
How Do Bonds Stack up Against Money Market Funds?
Bonds and money market funds Bonds and money market funds are investment products. Generally speaking, bond prices move in the opposite direction of interest rates. Money market funds, on the other hand, generally track interest rates. Fixed-rate investment products like these may have a place in your overall financial plan, but most financial advisors suggest […]
