Tired of regular passbook savings accounts paying little interest rates, more and more customers are looking for better-paying alternatives. These are some of the alternatives to Bank savings accounts. Higher-Yield Money Market Accounts Securing a money market account is one of the easiest alternatives to a traditional passbook savings account. Money market accounts are insured […]
Anyone with a budget would feel more confident, secure, and in control of their finances. But many of us don’t have a budget and many who claim to have one just track their bill receipts and don’t have software in place to control their expenditure. Budgeting software makes the task of maintaining a budget easier, […]
A money order is a secure and safe solution when you need to make a financial transaction but cash, cheque and electronic transfers such as NEFT don’t fit the bill. A money order is basically a paper cheque that can’t bounce as it’s prepaid. When should you use the money order? Money orders could be […]
Many people aim for gaining financial independence. It usually involves having sufficient savings, financial assets and cash to provide a lavish lifestyle for yourself and your family. It also means that you can retire anytime or pursue your dream career without being obliged to earn money every year. Troubles and failures are inevitable, but these […]
One of the major mysteries for home loan borrowers could be the home loan conversion fees. A common complaint made by them is the interest rates being more than the interest rates offered to the new borrowers in spite of them paying the home loan conversion fees several times. One reason for this problem could […]
After PMC Bank and Yes Bank, Lakshmi Vilas Bank (LVB) becomes the 3rd Bank in less than a couple of years to collapse. The Reserve Bank Of India has forced Lakshmi Vilas Bank to merge with DBS Bank India which has led to restrictions on withdrawing money. The account holders cannot withdraw more than Rs.25,000 […]