MONEY MARKET INTEREST COMPOUNDS DAILY
Posted by on Oct 21, 2009 in Compound interest, Money Market Rates
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Most money market interest rates compound daily and this is one of the best advantages of using a money market account. One of the things you want to get with any type of savings is interest that compounds. Compounding interest is interest you earn on interest that has already been paid to you. For example, if you [...]
FDIC EXTENDS $250,000 INSURANCE THROUGH 2013
Posted by on Oct 20, 2009 in FDIC Insurance
This post is a little late but the good news is that the insurance the FDIC guarantees per person per account at most banks has been extended to the 12/31/2013. You can read about it here at the FDIC website. If you have any doubts whether your bank is part of the FDIC program you [...]
