Do financial statements baffle you? Do your eyes glaze over when your banker seems to be speaking another language? Chances are you aren’t up to speed on the latest bank jargon. Once you decode these common bank terms, you’ll be in a better position to manage and grow your assets.
You may have noticed that deposited funds aren’t reflected immediately on an online bank statement or paper receipt. That discrepancy occurs because your available balance refers to ... [More]
Encouraging positive and responsible money habits in your children's minds is arguably one of life's most important lessons. The sooner children start learning about the "value of a dollar," the better. However, kids don't have to know how to count to be introduced to and taught about money. Luckily, with today's technology, there are many ways to make learning about money fun for kids of any age. Read on for some quick tips to make learning about money fun.
1) Use Cash Yourself
Try not using a ... [More]
Whether you just opened your first checking account or want to know all that’s on offer at your local branch, it’s wise to learn the language spoken by your bank. Consult the following list to upgrade your banking vocabulary.
A certificate of deposit, or CD, is a savings product offered by financial institutions. It earns a higher interest rate (see below) than a regular savings account, but that comes in exchange for locking up your money for a specified period of time, from a fe... [More]