No Penalty CD

Whether you invest in the stock market or not, bank accounts are a vital investment and savings vehicle. No matter how much or little money you have, everyone needs to set aside money that is guaranteed to be there when you need it. …

There is good news if you are an Ally Bank customer and have certificates of deposit (CDs) coming up for renewal. Starting August 31, 2009, Ally Bank is expanding its popular Ten-Day Best Rate Guarantee that has been available for new CD deposits to renewing CDs. This means that you are guaranteed the best interest [...]

I have been a Discover customer since 1996 — right out of college — and for good reason. I believe that Discover is one of the very few financial institutions that put their customers first and continue to innovate. As of today, Discover Bank announced their Penalty-Free 12 Month CD. Despite the added feature, the [...]

The financial terms below are commonly used throughout this web site.  Clicking on a term will send you to the term page with a brief definition and a list of articles related to the term.

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401(k)
529 Plan

Adjustable Rate Mortgage (ARM)
Alternative Income
Annual Percentage Rate (APR)
Annual Percentage Yield (APY)
Annuity
Arbitrage
Asset Allocation
Asset Location

Bond
Bond Fund
Budgeting

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Capital Gains
Certificate of Deposit (CD)
Commodities
Contribution Limit
Correlation
Credit Report
Credit [...]

The recent stock market decline probably makes more than a few people realize that it’s wise to have a balance of growth and income investments as part of any portfolio.  One of these income investments is Certificates of Deposit.  It’s widely accessible and relatively simple in a sense that more people are familiar with CDs [...]

Many financial professionals and experts advocate that we keep at least 3 months of living expenses in liquid investments such as CD, money market, and high yield savings. If you have any doubt regarding the validity of this advice, here are 10 reasons that may change your mind.

Photo from morgueFile

If you are in a money [...]