Category Archives: Banking
The value of a stable and reliable career in the current economic scenario cannot be stated enough. The importance of having a job is not just for the steady income but also for the sense of independence and self respect it provides you. A stable job also instills within a person a sense of personal responsibility and encourages them to meet both personal and professional goals. One of the key things that are imperative to procure a job is ample education that is needed for that particular......
Interest rates have been one of the major factors behind the out of proportion growth of banks. Since the recession hit in late 2008, things have never been the same again. A lot of measures ranging from the great Stimulus package to the cost cutting have been deployed to make out a better picture. Interest rates rise once we have got some inflation to control or decrease the over all demand for shortage of funds in the market. Sadly yet ironically we haven’t seen any of the above sc......
The Flexible ISA from Santander offers one of the best rates on the current market and comes recommended by online financial magazine moneyweek.com
The Santander Flexible ISA offers savers the chance to earn an impressive rate of 2.85 per cent, tracking at 2.35 percentage points above the base rate for the first 12 months.
Flexible Isa holders can open an account with as little as £1 and save up to the annual Cash ISA maximum allowance of £5,100 with instant access to their cash online, at......
Shopping today has been made easy and safe through the usage of credit cards. It has helped consumers immensely in many ways. There is no inconvenience of carrying your money along with you all the time and also comes in handy during emergency situations when one does not have money with them during the purchase of any commodity. There are many banks today that provide credit cards to its customers for the sake of easy shopping. There are many popular credit cards in the market today provi......
Why do banks pay interest in the first place?
A lot of the differences in terms and interest rates for different products can be explained if you know why banks pay interest in the first place. Banks pay interest because the money you put in savings account can be put to good use by a bank. Banks mainly make money off giving out loans. They however need to back all the loan they give off by a certain percentage of real money they have in reserve. This reserve money is usually money which i......
Vancouver BC – The Canadian Mortgage Insurance program will have the following changes.
A reduction to the amortization period of the mortgage from 35 to 30 years. These are for new government backed (or Canadian Insured mortgages only.) when a borrower has less then 20% down payment on their property. At this time, conventional mortgages with down payments of over 20% are not effected. The goal of the government is to reduce the
total amount of interest payments Canadians make on t......
Chase bank, a division of JP Morgan Chase Co. was initially known by the name Chase Manhattan Bank. The bank has its headquarters in Chicago. It was introduced in the year 2004 and by 2008 the bank acquired most of the assets and deposits of Washington mutual. Today it offers extensive services to more than fifty countries.
It has its branch in a number of locations like India, Kenya and multiple European countries. It is a prominent institute that offers a variety of financial services i......
Second Chance Checking Accounts are bank accounts for people who are stuck in ChexSystems. ChexSystems is a network of banks and/or credit unions that share information with member institutions about consumers and their banking practices. ChexSystems is considered a credit bureau and the information listed about you is shared with member banks. The information shared lets member banks know your banking history and if you are a good “risk”. While most people who are stuck in Che......
India’s third largest private sector bank after ICICI and HDFC Bank reported its Q2FY11 figures on Thursday. The bank has posted a net profit of Rs 7,351.40 million for the quarter ended September 30, 2010, up 38%, compared with Rs 5,316.40 million a year ago. Total Income increased 18.50% to Rs 46,574.90 million from Rs 39,259.40 million a year earlier.
If the results of Axis Bank are anything to go by, the banking sector is set to report a good July-Sep 2010 quarter. HDFC Bank is s......
Older people in the UK are likely to reduce their spending before younger people, an expert has said.
Older members of the UK population are likely to be the first group to curb spending from finance outlets such as credit cards and their current accounts in the coming months.
That is according to Ed Bowsher, head of consumer finance at Lovemoney.com, who has said that consumer outlays from all people in Britain will inevitably be constrained by the government’s austerity measures an......
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