Online banking is a relatively new way of transacting financial matters over the Internet. This gives people a more convenient way of handling and transacting business with their respective banks regardless of location or time. As an example, people will have an easier time checking over their bank accounts without having to go to the bank or heading to the nearest ATM to do so. All one needs to do is go online and...

The annual percentage yield or APY is a term used for the computed annual rate that a financial institution pays clients for their money placed in the company’s investment and deposit products. It is a tool that can be used by depositors to determine how much their deposits can earn for them. If you have some money set aside in certificates of deposit in a bank, you look into its APY in order to know how muc...

A Thrift Savings Plan or simply TSP is designed to support your retirement plans and is quite important aspect for saving for your future retirement. In essence, it resembles the dynamic tax-deferred 401(k) plan of the private-sector. More specifically, the TSP is a retirement savings plan exclusive for civilians who are employed or were employees of the United States Government and for members of the uniformed ser...

There are so many places to stash your short-term savings. Here we present the résumés of the major aspirants: Checking Accounts Checking accounts are meant for transactions, not savings. That’s why many don’t pay much, if any, interest. However, some banks do combine the conveniences of checking with the return of a money market account. Also, as "asset management" accounts at...

Everyone needs some short-term savings. In fact most people need a big pot of it, stashed somewhere safe and easily accessible. By "short-term savings," we mean the money you’ll need for emergencies and for big expenses you’ll incur over the next three to seven years, depending on your tolerance for risk, volatility, and a market-induced change of plans. In this short-term savings area of The...