• Many banks, many rates: what you can do in this situation

    Many banks, many rat...

    When you want buy a savings account or CD, you’ll find many profitable offers and rates offered by banks. When you secure your hard earned money in a bank it is important to know whether the bank you put your money in can give you the best offer compared to other banks. First you need to do a needs analysis for yourself you must be very clear in your mind what you are looking for. How much risk you can take while investing in a certain deposit or a bank. By going to open a...

  • What you will get with private banking

    What you will get wi...

    When you need to use a private bank, you as potential investor should wait nothing less than the ultimate financial competence and personal attention. After all, private clients are often the most lucrative customers who no bank wants to see they go. As a holistic system the private banking directs to be a one-stop shop for financial needs of wealthy people. If the private bank does not normally provide a service, it is obtainable elsewhere, calling contacts confidence. You can get...

  • How to find the best savings account interest rate

    How to find the best...

    As a customer you should know some important things when you are looking for the next savings account with interest rates. The process of finding the best savings account interest rate differs with the economy, they are sometimes pretty decent, sometimes they are less decent. When you want to save a little amount, a bank account is simply the best place to put it. The Federal Deposit Insurance Company insure all these deposits, so if the bank fails, your money will be refunded very...

  • The most suitable bank rates for you

    The most suitable ba...

    Clearly, today, with very low interest rates being offered, finding a bank that will give you the highest possible rate for your savings account and control is very important. Some banks have higher rates than others, to find the top one is important to maximize your return on investment. Today, you can find a few banks that still propose savings accounts, because almost all of them have found new evidence such as certificates of deposit, loan, etc. Read...

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Rate Alert ??? 0.5% ??? Citizens Bank Money Market/Savings $1000

The Savings account interest rate at Citizens Bank has just changed from 0.75% APY to 0.5% APY with a minimum of $10,000 required. See the full details and rate info at Citizens Bank Money Market/Savings $1000 rate. Growth Savings Must have a personal account. $10,000 in new money required.

7 strategies to declare financial independence

Show your money who’s the boss

Ever feel like gathering up your bills in protest and throwing them in the nearest harbor?

OK, maybe you don’t have to be that dramatic. But you can declare war on your debt, assert your financial independence — and liberate yourself from fiscal stress.

All with a minimum of fireworks. (Although a parade would be nice.)

Like anything else, financial independence means different things to different people. To some, it means having the cash to buy what they want. To others, it means saving for retirement or a home. And for some folks, it simply means opening the bills without dread.

Whatever your definition, it means you command your money and not the other way around.

Read more…

Links Jun 27

Global investment falters but tax havens prosper, U.N. finds Reuters

Swiss Parliamentary Committee Backs FATCA IGA Tax-News

Administration, Congress Trying to Give Gensler the Brooksley Born Treatment over Derivatives Reform naked capitalism
See also earlier TJN blog Derivatives WMD: lobbyists seeking to remove ‘burdensome’ safety catches

Vodafone Asks For More Time On Indian Dispute Tax-News

Arrest threat to journalist pacific.scoop
“The arrival of investigative journalist Nicky Hager and his upcoming talk on the Cook Islands as a tax haven has upset the financial services industry, to the point of making veiled threats to arrest him.

Australian Taxation Office chief warns on profit shifting Sydney Morning Herald

Can the OECD Be Trusted on Base Erosion? Read more…

Savers warned of further rate cuts with FLS to expand

Savers should be braced for further falls in rates amid fresh reports of an extension to the Government’s Funding for Lending Scheme (FLS).

Chancellor George Osborne George Osborne may announce an expansion of the ??80bn scheme before a visit to Britain by the International Monetary Fund (IMF) next month.

The organisation has previously criticised both the extent and timescale of the Treasury’s austerity measures.

The extension to FLS would be offered on the condition that the loans are made to small and medium-sized businesses. The whole’s scheme lifespan is also expected to be extended from January 2014 to January 2015.

To date, the scheme’s most notable impact has been to reduce mortgage rates rather than boost lending to firms.

Read more…

Edmonton Real Estate Market Weekly Update, June 21/13

Here is our update on the Edmonton real estate market. (Previous week???s numbers are in brackets). For the past 7 days:

New Listings: 531 (547, 606, 505)
# Sales: 340 (373, 337, 316)
Ratio: 64% (68%, 56%, 63%)
# Price Changes: 327 (304, 353, 309)
# Expired/Off Market Listings: 131 (121, 236, 148)
Net loss/gain in listings this week: 60 (53, 33, 41)
Active single family home listings: 2906 (2889, 2839, 2759)
Active condo listings: 2040 (2030, 2011, 2008)
Homes 4-week running average: $412 ($413k, $414k, $413k)
Condos 4-week running average: $252k ($246k, $238k, $238k)

The average price of condos continues to rise. There has been an increase in the number of high end condo sales, which appears to be affecting the overall average.

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This and That: Money in a mattress, falling markets and more???

Stuffing money in a mattress literally!
From the why didnt I think of that file here is an interesting story on Bloomberg TV about a mattress maker in Spain who is tapping into todays mistrust of the banking system by selling a mattress with a built in safe.

Falling Markets are a good thing!
Stocks, bonds, REITs, commodities and even good old bonds are falling like nine pins lately. The Wall Street Journals Jason Zweig says that if you are going to be accumulating assets for the next little while, lower asset prices are good for you (though it might not seem that way).

Things to avoid at garage sales
If you are going to shop at garage sales this summer, Readers Digest offers a list of items to avoid. It seems to me that avoiding items on the list such as bike helmets are just common sense.

Read more…

Cutting the Cord: Alternatives to Cable TV

The intellectual and entertainment value of satellite or cable TV is debatable.

There is, no doubt, loads of crap television out there. And if you sit there, channel flipping, and let yourself get sucked in, your time, mind, and soul can atrophy.

There is also some smart, informative, and really entertaining purpose-driven television out there. And if youre selective and smart about how you watch it DVR & skip commercials it can be a good time investment, similar to reading a good book or learning something new and constructive online.

But if youre trying to debate the value of cable TV against the cost (even with the smartest programming schedule), youre fighting a losing battle.

The lifetime cost of cable TV, with its 5% inflation rate, can easily exceed $1 million had it been invested instead (sadly, more than most Americans will ever save for retirement).

For those looking to achieve spectacular financial results or simply keep your head above water, cable TV is simply not in the cords, er..

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