顯示具有 Yourself 標籤的文章。 顯示所有文章
顯示具有 Yourself 標籤的文章。 顯示所有文章

2012年9月2日 星期日

Educate Yourself on Bank Certificate of Deposits


In the light of all the market turmoil that has ravaged countless individuals' retirement nest eggs and other investments in the last several years, many people have begun looking for other investments that feature less risk. A person looking for the safest investment that offers higher returns should consider a certificate of deposit.

About Certificates of Deposits

Certificates of deposits are both safe and reliable investments for investors looking for a slightly larger rate of return than a savings account and the safety of almost no loss to principle. Over the years, the various types of CDs offered has grown considerably. This has made it a little confusing to determine which one is best for a particular individual's scenario. Two popular types of CDs are callable and jumbo CDs.

Many people like to shop for the most advantageous certificate of deposit available to them by the CD's annual percentage yield (APY). This is an important means of comparing what CDs actually pay investors. Annual percentage yields can be used to compare and contrast two different CDs that possess the identical maturity date but provide different means of paying their interest, quarterly versus semi-annual, for example. APY takes into account how frequently the bank pays the interest on an investor's particular certificate of deposit. If a CD offers more often interest payments, then the return and APY is actually increased.

Callable Bank Certificates of Deposit

Many certificate of deposits investors will not be familiar with the concept of a callable CD. Callable certificates of deposit can literally be taken away from a CD owner following the expiration of the call protection timeframe. This would be done in advance of the CDs maturity..As an example, a five year CD that included a six month timeframe call protection could only be taken, or called, away following the conclusion of the first six months of ownership.

Banks like to offer such callable certificates of deposit as the risk of a dropping interest rate is then shifted to the buyer of the CD who made the deposit in the first place. In exchange for accepting this callable nature that creates a risk of losing the interest rate, callable certificates of deposit come with slightly higher yields than identical maturity date certificates of deposit that are not callable. This extra yield is a part of the compensation for the buyer being willing to take on the risk of losing a locked in interest rate.

Banks use callable CDs to manage their exposure to interest rates when they sell such CDs. To come up with the rates that they are willing to pay a holder of a callable CD, they use complicated option pricing models. This allows them to come up with an appropriate reward to offer the buyer who helps them to balance their interest paying deposits against their loans that they make. The bank is only hedging its risk with these types of CDs.




Hank Coleman is the founder of several financial blogs, focusing on topics such as how to find the best certificate of deposit rates and other profitable investing opportunities. He is an entrepreneur and professional in the government sector. Hank holds a Bachelor's degree in Business Administration, a Master's in Finance, and is currently studying for his Certified Financial Planning (CFP) credentials. Always looking for a trusted financial institution for advice and tips he tends to look up information at http://www.discoverbank.com more often than not.





This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

張貼者： 於 凌晨3:24 0 意見
標籤： , , ,

2012年5月26日 星期六

Educate Yourself on Bank Certificate of Deposits


In the light of all the market turmoil that has ravaged countless individuals' retirement nest eggs and other investments in the last several years, many people have begun looking for other investments that feature less risk. A person looking for the safest investment that offers higher returns should consider a certificate of deposit.

About Certificates of Deposits

Certificates of deposits are both safe and reliable investments for investors looking for a slightly larger rate of return than a savings account and the safety of almost no loss to principle. Over the years, the various types of CDs offered has grown considerably. This has made it a little confusing to determine which one is best for a particular individual's scenario. Two popular types of CDs are callable and jumbo CDs.

Many people like to shop for the most advantageous certificate of deposit available to them by the CD's annual percentage yield (APY). This is an important means of comparing what CDs actually pay investors. Annual percentage yields can be used to compare and contrast two different CDs that possess the identical maturity date but provide different means of paying their interest, quarterly versus semi-annual, for example. APY takes into account how frequently the bank pays the interest on an investor's particular certificate of deposit. If a CD offers more often interest payments, then the return and APY is actually increased.

Callable Bank Certificates of Deposit

Many certificate of deposits investors will not be familiar with the concept of a callable CD. Callable certificates of deposit can literally be taken away from a CD owner following the expiration of the call protection timeframe. This would be done in advance of the CDs maturity..As an example, a five year CD that included a six month timeframe call protection could only be taken, or called, away following the conclusion of the first six months of ownership.

Banks like to offer such callable certificates of deposit as the risk of a dropping interest rate is then shifted to the buyer of the CD who made the deposit in the first place. In exchange for accepting this callable nature that creates a risk of losing the interest rate, callable certificates of deposit come with slightly higher yields than identical maturity date certificates of deposit that are not callable. This extra yield is a part of the compensation for the buyer being willing to take on the risk of losing a locked in interest rate.

Banks use callable CDs to manage their exposure to interest rates when they sell such CDs. To come up with the rates that they are willing to pay a holder of a callable CD, they use complicated option pricing models. This allows them to come up with an appropriate reward to offer the buyer who helps them to balance their interest paying deposits against their loans that they make. The bank is only hedging its risk with these types of CDs.




Hank Coleman is the founder of several financial blogs, focusing on topics such as how to find the best certificate of deposit rates and other profitable investing opportunities. He is an entrepreneur and professional in the government sector. Hank holds a Bachelor's degree in Business Administration, a Master's in Finance, and is currently studying for his Certified Financial Planning (CFP) credentials. Always looking for a trusted financial institution for advice and tips he tends to look up information at http://www.discoverbank.com more often than not.





This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

張貼者： 於 凌晨1:43 0 意見
標籤： , , ,

2012年3月14日 星期三

Self Certificate Mortgages - Prove Yourself!


Bank managers are probably the most risk-averse individuals you are likely to meet - without proof of a regular salary and sound financial track record you may presume a frosty reception when you ask about borrowing. However, there are options available for people who don't conform to the norm.

If you are self-employed or have an erratic income, you can consider a self-certified mortgage. As the overall mortgage market has become more flexible and competitive in the past few years, the amount of lenders offering self-cert mortgages has increased. Whereas they used to be the preserve of specialist lenders, and come with pretty strict terms and conditions, you can now find self-certs from most of the major high street banks and building societies.

The set up

Normally, lenders will look for a larger deposit when you take out a self cert mortgage - 25% is usual. As far as proving your earnings, some lenders such as the banks and building societies, will look for certified accounts for the last 3 years. They may also require bank statements and carry out credit checks. However, there are some mortgages available where the lender only asks for you to verify that you can afford the repayments.

Who's it for?

This type of mortgage usually caters for self-employed people, but there are others who can benefit. People who work overseas, or who earn bonuses that do not show as part of their salary may choose to self-certify. Business owners and company directors sometimes award themselves a minimal salary, but have a larger income through dividends, for example. This can be useful when it comes to tax management, but make finding a conventional mortgage harder. If you have an erratic income, you may want a more flexible mortgage that allows you to increase or decrease your monthly payments according to your current situation.

The drawbacks

You may find the terms less generous than with other types of mortgage, and the lender may apply Higher Lending Charges or an indemnity to protect them. The FSA recently highlighted the disturbing trend of some brokers encouraging borrowers to inflate their reported income in order to gain a larger mortgage. Remember it is a criminal offence to lie about your income, and over-estimating what you earn could mean that you find yourself with monthly repayments that you cannot afford. If you are subsequently unable to meet repayments your home could be repossessed.




Joseph Kenny writes for the Loans Store and offer more information on personal loans and other loan topics available on site.
Visit today: http://www.ukpersonalloanstore.co.uk/





This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

張貼者： 於 凌晨1:45 0 意見
標籤： , , ,

2012年1月16日 星期一

How to Protect Yourself With a Safe Deposit Box


Everyone should have a safe deposit box these days. People often aren't sure exactly what to keep in the safe deposit box. In this article I'm going to discuss all the basic things you should keep and give you some pointers and tips that you need to know.

Why keep a safe deposit box? Many reasons! There could be a fire at your house, or you might get robbed. Identity theft is a growth industry and keeping all of your important documents in a safe deposit box can considerably cut down your chances of con artists stealing your important information.

And that's not to mention valuable physical items as well such as jewelry and coins and things of this nature that you may not want to keep laying around in your house.

Most people don't realize that safe deposit boxes are so incredibly cheap. Many times that fee can be charged directly to your checking or savings account which makes paying the fee very simple and hassle free.

So what exactly should you keep in your safety deposit box?

First lets talk about important documents... you should always keep stock certificates, mortgage papers, and title papers to real estate and automobiles and boats and campers and things like this in your safety deposit box. You also want keep copies of any contracts or legal agreements that you have signed over the years. Divorce papers or separation agreements and military discharge papers are also good documents to keep in your safe deposit box.

Also I suggest you keep basic documents on members of your family; including birth certificates for yourself and all your children and your spouse, marriage certificates especially if you've been in several marriages, and heaven forbid - death certificates should be placed in your safe deposit box as well.

Those are the basic documents you should keep... a lot of people also keep copies of credit cards (both front and back photocopied) and passport photocopies for yourself and all your family members. Another good idea is to keep pictures of all the major asset you own, including your house and your boats and RVs, and things of this nature. Keeping pictures of these things is important if you ever need to make an insurance claim of any kind.

Some people keep copies of tax returns for the prior 3 to 5 years in their boxes as well though I'm not so sure how important this is since your accountant will have copies as well.

Keep a copy of your will and any trust agreements in your safe deposit box but not the originals. These should be on file at your attorney's office because if you die your attorney will need your will. Safe deposit boxes are often sealed upon death until the IRS can get in there and see what's what. So if your will is in there it may complicate things considerably since you may not be able to get it out till the IRS gets done (and who knows how long that will take!).

Whatever you end up putting into your safe deposit box, just to make sure that you *have* one. It's one of the most important things you may ever do.




Jason has been writing articles online for nearly 14 years. When not writing about finance, Jason runs a very helpful dinnerware web site where he reviews and finds deals on great porcelain dinnerware sets for your specific dining situation.





This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

張貼者： 於 上午11:46 0 意見
標籤： , ,

2011年11月30日 星期三

Educate Yourself on Bank Certificate of Deposits


In the light of all the market turmoil that has ravaged countless individuals' retirement nest eggs and other investments in the last several years, many people have begun looking for other investments that feature less risk. A person looking for the safest investment that offers higher returns should consider a certificate of deposit.

About Certificates of Deposits

Certificates of deposits are both safe and reliable investments for investors looking for a slightly larger rate of return than a savings account and the safety of almost no loss to principle. Over the years, the various types of CDs offered has grown considerably. This has made it a little confusing to determine which one is best for a particular individual's scenario. Two popular types of CDs are callable and jumbo CDs.

Many people like to shop for the most advantageous certificate of deposit available to them by the CD's annual percentage yield (APY). This is an important means of comparing what CDs actually pay investors. Annual percentage yields can be used to compare and contrast two different CDs that possess the identical maturity date but provide different means of paying their interest, quarterly versus semi-annual, for example. APY takes into account how frequently the bank pays the interest on an investor's particular certificate of deposit. If a CD offers more often interest payments, then the return and APY is actually increased.

Callable Bank Certificates of Deposit

Many certificate of deposits investors will not be familiar with the concept of a callable CD. Callable certificates of deposit can literally be taken away from a CD owner following the expiration of the call protection timeframe. This would be done in advance of the CDs maturity..As an example, a five year CD that included a six month timeframe call protection could only be taken, or called, away following the conclusion of the first six months of ownership.

Banks like to offer such callable certificates of deposit as the risk of a dropping interest rate is then shifted to the buyer of the CD who made the deposit in the first place. In exchange for accepting this callable nature that creates a risk of losing the interest rate, callable certificates of deposit come with slightly higher yields than identical maturity date certificates of deposit that are not callable. This extra yield is a part of the compensation for the buyer being willing to take on the risk of losing a locked in interest rate.

Banks use callable CDs to manage their exposure to interest rates when they sell such CDs. To come up with the rates that they are willing to pay a holder of a callable CD, they use complicated option pricing models. This allows them to come up with an appropriate reward to offer the buyer who helps them to balance their interest paying deposits against their loans that they make. The bank is only hedging its risk with these types of CDs.




Hank Coleman is the founder of several financial blogs, focusing on topics such as how to find the best certificate of deposit rates and other profitable investing opportunities. He is an entrepreneur and professional in the government sector. Hank holds a Bachelor's degree in Business Administration, a Master's in Finance, and is currently studying for his Certified Financial Planning (CFP) credentials. Always looking for a trusted financial institution for advice and tips he tends to look up information at http://www.discoverbank.com more often than not.





This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

張貼者： 於 上午11:55 0 意見
標籤： , , ,
訂閱： 文章 (Atom)