Sentences with phrase «savings accounts because»

Online banks can offer low - cost, high yield savings accounts because of their decreased overhead costs.

We consider these some of the best savings accounts because they offer some of the highest yields (i.e. interest on your money), while charging no monthly fees.

CDs differ from traditional savings accounts because a CD requires that you deposit a certain amount — typically anywhere from about $ 50 to $ 100,000 — for a certain amount of time — anywhere from 30 days to five or more years.

It was advertised by banks as savings accounts because that's what products they had at the time at that branch.

A College Savings Trust is unique from other college savings accounts because it's considered a protected asset and funds can not be seized regardless of parents» financial status.

- Online, high yield savings account: Online banks like ING Direct and HSBC Direct usually offer better rates than other types of savings accounts because they have less overhead than traditional brick - and mortar banks.

It's no longer generally true that a cash ISA will generally beat other savings accounts because of income tax on the interest

Depending on your tax situation, a cash ISA will probably beat other savings accounts because you won't pay tax on it.

He said he likes the idea of the savings accounts because students from all backgrounds and income levels should be able to choose the best education for them.

He causes a run on the bank by refusing to accept the interest on his savings account because he does not believe in usury.

Banks can pull your credit report or score when opening a savings account because they have a legitimate business need.

I am closing my savings account because it yields little to no interest.

If, in fact, someone wanted to park their money in a high yield savings account because they do have a high balance, they may still want to consider spending their money with PerkStreet.

I prefer the online savings account because you might as well optimize all of the products that you use.

For example, putting my money in a tax - free savings account yields a better return than a regular savings account because of the tax savings.

«Homeownership is a «forced» savings account because you own the home, you have no choice — that monthly housing cost has got to be paid no matter what... Homeownership can be an outstanding way to force yourself to be more frugal in the rest of your spending so that you can save and build equity in your home.»

The Bank of America ® Rewards Savings account is not a great savings account because of the high monthly fee and tough fee - waiver requirements.

«Folks should contribute as much as they can to a health savings account because there's no downside to it,» Dietel said.

So, you are not just adding to your savings account because you are depositing funds, you are also adding to the account with yield.

Don't let one little automobile accident drain your savings account because you didn't have the protection that you needed.

It's easy to make the excuse for not setting aside a portion of our income into a savings account because we don't earn enough, we don't have time, or that it would take away from affording other expenses.

The interest rate on a CD is higher than on a savings account because the investor, in exchange for receiving a guaranteed rate of return, commits to a specified period of time (the «term») during which he will not withdraw his investment.

And you're not looking at your savings account because you don't want to get depressed.

«You're putting money in the savings account because it's a buffer from high - interest rate debt when unplanned expenses arrive.»

It's easy to make the excuse for not setting aside a portion of our income into a savings account because we don't earn enough, we don't have time, or that it would take away from affording other expenses.

It's not a joint savings account because all of your money remains completely separate.

These policies are mostly useful only to people who have a lot of disposable income over that period and need another tax - advantaged savings account because they maxed out all the others.

Make certain you understand the tax consequences of various assets — for example funds in an IRA are not equal to dollars in a savings account because the pension funds will be taxed when they are withdrawn.

«Homeownership is a «forced» savings account because you own the home, you have no choice — that monthly housing cost has got to be paid no matter what... Homeownership can be an outstanding way to force yourself to be more frugal in the rest of your spending so that you can save and build equity in your home.»

Not exact matches

Canadians were better savers in the 1980s in large part because it paid off: double - digit interest rates meant double - digit rates of return on GICs and savings accounts.

To oversimplify a bit, stocks are tax - efficient (because they're taxed at the lower capital gains and dividend rate and taxes are deferred until you sell) and bonds are not (they're taxed much like a savings account).

Because labor accounts for a small portion of a product's manufacturing costs, the savings gained from outsourcing to China will drop to single digits for many products.

The only reason I'm making out my retirement savings account is because I know the Roth conversion ladder exists.

If the United States is running a capital account surplus mainly because the world is awash in excess savings, then it is unlikely that a cut in the fiscal deficit will cause a drop in the U.S. current account surplus.

U.S. investment exceeds U.S. savings, and the United States runs a trade deficit that is by definition equal to the gap between investment and savings.1 It also runs a capital account surplus equal to the gap because this is the amount of net foreign capital inflow that bridges the gap, and the trade account and the capital account for any country must always balance to zero.

I think the Roth 401k only makes sense if you are already maxing out your tax sheltered accounts, because the Roth 401k allows you to invest a higher «effective savings rate» since you're saving after - tax dollars.

That's because average stock market returns have been higher than those on bonds and savings accounts over time.

Definition: Money market accounts pay competitive interest rates (higher than savings accounts) in exchange for the use of your money.Advice: Money market accounts pay higher interest rates because they usually demand that you keep a higher balance.

Any country's capital account of course is simply the gap between its domestic savings and its domestic investment, and because the capital account must balance the current account (the two always add to zero), to say that the gap between savings and investment in any country must be equal to an opposite gap between savings and investment abroad is simply to restate the far more intuitively familiar claim that every current account surplus in the world must be matched by a current account deficit.

If you're determined to choose PNC for your mortgage because you're already a customer with existing checking or savings accounts, you should begin by requesting a formal home loan estimate.

Both checking and savings accounts are very liquid because they are cash accounts.

Because a savings account is crucial to any smart financial plan.

«Because IRA's are tax preferred savings accounts and not employee benefit plans, any new fiduciary rules regarding IRAs should be drafted by the Treasury Department.

Saving is making even more sense now because savings accounts will have fairly higher interest rates, so if you have no debt, my recommendation is to start with capping your Registered Education Savings Plan contributions first because that brings you tax ssavings accounts will have fairly higher interest rates, so if you have no debt, my recommendation is to start with capping your Registered Education Savings Plan contributions first because that brings you tax sSavings Plan contributions first because that brings you tax savingssavings.

If you tried to do that with our level of costs, you would have to make people divert like 20 % of their income, because those forced savings accounts are also for your kids, they're also for your parents, and that would only pay for some of your care.

But there are other Canadians, because of lack of an employer pension plan, because they don't contribute to RRSPs or they don't contribute to tax - free savings accounts, aren't saving enough.

These savings accounts are also a much better alternative to traditional money market accounts because they pay a much higher interest rate.

The Trump administration wants the lower rate to begin next year because the White House believes that would help boost growth, but the Senate needed to find savings somewhere to make the bill comply with a Senate accounting rule known as the Byrd Rule.

If you have a health savings account or a flexible spending plan through your employer, total the amount of expenses filed during the previous year and compare them to the total amount you contributed: Make sure you aren't contributing more than you are being reimbursed, because these are «use it or lose it plans.»

Instead of buying the TV this year, which will leave you with $ 0, you put the money into a savings account yielding 1 % (because stocks are too risky).