What's the difference between Money Market Acct and Savings Acct?
Which is better?Is 4.8% good for MMA?
Answers: Money souk accounts usually pay better interest and the interest rate is determined by factor determinedi by the bank.
A funds account does not recompense as much interest generally and the interest rate is tied to the prime lend rate.
Neither places your savings at risk except if you exceed the FDIC insured maximum and the sandbank goes broke. FDIC max used to be $100,000. So anything you have in the dune up to that would be insured by the Federal Deposit Insurance fund.
Money Market Acct is just that .. The rates remunerated are tied to the market.. Which be determined if the market is doing very well, your rate will be high..It the marketplace is bad your rate will be low.. It moves beside the market..And change sometimes every month.. Savings Acct.. rates established by the savings institution, and depending how much money they stipulation ,they can pay doesn`t matter what rate they want.. That's why it pays to shop when putting your money in a money institution.. Call all of them back you invest in your nest egg.. And , keep survey and ask what the current rates are when you go to them, to deposit or repeal.. Its your money and they need it to lend to other folks.. So they use your money to make more money.. That's why when you acquire 4.8% and thats real right,the bank turns around and lend it out at 6or 7% to pay you and still spawn more money.. Save Wisely! SOLOMON
My current nationwide account only lets me withdraw £100 a day, does anyone know if there's a way to get more?
Answers: Yes change your account to Barclays and you can get £300 per day
You could speak to an adviser at the Nationwide about increasing your withdrawal amount. Perhaps you may need to look at an alternative account, with the Nationwide, which allows the facility to withdraw more than £100 per day.
If you are not happy with the accounts the Nationwide can offer you, then research at other banks and see what accounts are available to suit your needs.
Good hunting !
My late Aunt willed to me some U.S. savings bonds. How can I retrieve them from the treasury?
Answers: You just take them to any bank and they can cash them. If they haven't matured yet (bonds usually take some specific period of time to do that, like ten years, for instance) they won't be worth as much as they say, but if they matured a long time ago, they may be worth more than that.
go on the Internet to savings bonds govt and they have the info you will need to get duplicate bonds!!