Sentences with phrase «earn a high interest rate by»

If you can earn a high interest rate by putting your cash in a savings account or CD, then you will not be inclined to pay your rent a year in advance, unless the savings in rent are more than what you would earn in interest.

Not exact matches

Indeed, an analysis by ValuePenguin reveals that Americans will earn $ 800 million more on their savings deposits than they'll pay through higher interest rates on credit cards and home - equity lines of credit (HELOCs) after the Fed's latest hike.

By owning this account, you can earn higher bonus rewards with your PNC Visa ® Credit Card, higher interest rates on Premiere Money Market or Standard Savings account and higher rates on CDs and IRA CDs.

According to data by the Federal Deposit Insurance Corporation (FDIC), money market accounts typically earn the highest rates, followed by savings accounts and interest checking.

If the interest rates on your other debt - car or student loan or mortgage - is higher than what you could earn by saving or investing (consider that the average annual inflation - adjusted historical return of the U.S. stock market is just over 6 %), you'd be wise to pay that down first too.

By diversifying into CDs, at least part of my money is earning a much higher interest rate than my money market funds, and is subject to less risk than my bond funds.

As interest rates move higher, people naturally respond to the opportunity to earn interest by reducing the amount of cash they carry, both directly and indirectly.

The higher the interest rate, the more money earned by the account holder.

As long as the after - tax interest rate on the mortgage is higher than the after - tax interest rate you are earning on your cash, then you save money by using the cash to pay down the mortgage.

CDs offer a safe way to earn higher interest rates than those available through savings accounts by requiring you to lock your money away for 3 months to 5 years.

According to data by the Federal Deposit Insurance Corporation (FDIC), money market accounts typically earn the highest rates, followed by savings accounts and interest checking.

Earn an interest rate reduction by lowering the monthly payment if you have a high DTI near a lender threshold.

CDs can help savers earn more money by offering higher interest rates than most savings accounts and they rarely charge fees.

Interest - bearing checking accounts, like money market and simple savings accounts, can be a way to earn interest on your money, but there are some key differences.In general, money market accounts like the one offered by Ally Bank pay a somewhat higher rate of interest than interest - bearing checking aInterest - bearing checking accounts, like money market and simple savings accounts, can be a way to earn interest on your money, but there are some key differences.In general, money market accounts like the one offered by Ally Bank pay a somewhat higher rate of interest than interest - bearing checking ainterest on your money, but there are some key differences.In general, money market accounts like the one offered by Ally Bank pay a somewhat higher rate of interest than interest - bearing checking ainterest than interest - bearing checking ainterest - bearing checking accounts.

@TMART: Yes, if you want a higher interest rate, you earn it by partly giving up liquidity.

Of course, you may be able to earn somewhat higher rates of interest by venturing into non-FDIC-insured investments that are still relatively secure, such as fixed annuities.

«Cause we're an online bank, we makes it easy to earn cash monies by offerin» basic accounts with high interest rates online.

With laddering your CDs, you have a strategy that can potentially have you earning higher returns, providing you with liquidity by having a portion of your portfolio come available every year and lower the overall risk of your portfolio by smoothing out some of the ups and downs in interest rates.

If you don't, the high interest rate after the transfer expires will quickly negate any interest savings you earned by doing the transfer in the first place.

Conversely, if market interest rates fall, then the price of an existing bond will likely rise because it pays a higher rate than you can earn by buying a new bond in the market.

The banks have to pay for those miles somehow and the way they do that is by charging significantly higher rates of interest on any balances that aren't fully paid off (when compared to regular non-milage earning cards).

This is the easiest way to harvest the full value of credit card cash rewards programs and there's no sense in earning rewards at single - digit rates only to watch as they're eaten up by far higher, double - digit rate interest charges.

Usually, these accounts are kept by businessmen and merchants who wish to earn higher interest rates.