Behind the Scenes with Kiplinger: Wedding Gift Etiquette 101 [Video]
The height of wedding season is upon us, and the panic of choosing the perfect wedding gift that fits the couple and your budget can be overwhelming, especially if you have multiple weddings to attend. Whether you’re attending the wedding of a relative, friend or co-worker, deciding how much to spend on a gift should […]
Get Your Car Ready for Summer
Summer is right around the corner, and that means it’s time to prepare your car for warmer temperatures. Not sure exactly where to start? Here’s a checklist of common maintenance items you’ll want to address as you get your car ready for the changing weather. Inspect the Brakes, Battery, Hoses and Belts Before you take […]
Using Your Bank Debit Card/Check Card on Vacation
Debit cards (also called check cards) are a safe, convenient way of accessing your money on vacation. Instead of racking up debt on a credit card, you can use a debit card to access funds in your account that you already have saved for your vacation. BenefitsYour debit card is convenient because it works just […]
Tracking Money Market Rates
While some financial experts use historical money market rates to extrapolate different economic trends, you can use these rates as a practical gauge for evaluating your long-term savings goals. Where can you find historical money market rates? Several websites publish this information. At Bankrate.com for example, you can quickly find out different money market rates […]
Go Beyond the Best Money Market Rates
Check Current Rates Although they have similar-sounding names, money market funds (MMF) and money market accounts (MMA) are completely different products. It’s important to be sure you know what you’re getting before you make a deposit. For starters, even the best money market fund puts your money at risk because these financial products are investments. […]
Money Market vs. Savings: What’s the Difference?
Banks often offer both savings and money market accounts. And although the two are similar, understanding their differences can help you choose the one that best suits your goals. The Similarities Both money market and savings accounts are simple to open. And your deposits in both types of accounts are FDIC- insured to the maximum […]
Weighing Money Market Returns
Money market funds and money market accounts are products with similar-sounding names and comparable returns, but they are really very different. Unlike money market funds, money market accounts are insured by the U.S. government through the Federal Deposit Insurance Corporation (FDIC). That makes them a safe investment. We talked to Dylan Ross, a certified financial […]
Money Market Accounts vs. Savings Accounts: Different Jobs, Different Tools
Not long ago, there were very distinct differences between savings accounts and money market accounts. And although the distinctions have blurred considerably since the days of passbook savings, there still are some important things to consider. Both savings accounts and money market accounts are: Secure. Your deposits are insured by the Federal Deposit Insurance Corporation […]
Interest Rates 101
At Credence Global Bank, we are committed to helping people make good financial decisions. The more you know about credit cards, loan interest rates, and savings accounts, the more you can stretch your dollars and maximize your income. How Are Credit Card and Loan Interest Rates Determined? Not surprisingly, your credit score is a major determining […]
Closing a Savings Account Takes Attention to Detail
Online savings accounts are generally a good thing to maintain. Not only do they provide you with money for a rainy day, but they also accrue interest for you over time as you save for short- or long-term goals. Even so, there may be reasons you choose to close your online savings account. Before you […]
