Questions and answers

• How can one open a savings account?
  In order to open a savings account, you need to present an ID proof such as drivers license, passport, or security card. While in some banks, you may not be required to deposit an initial amount for opening an account, there are few banks which require a certain amount of deposit initially. However, there are compulsory schemes where you need to ma
• What do annual percentage yields for a savings account mean?
  The interests in a savings account are usually calculated on a daily basis, but compounded annually. Therefore, the annual savings account interest rates at which the returns on your account are taken into account are known as Annual Percentage Yield or APY. The percentage resultant to all these rates after a year is used to calculate the overall y
• What is the difference between interest rates and APYs?
  APR is the Annual Percentage Rate that is paid on a deposit in the bank, excluding the compounded interest. On the other hand, APY is the total interest earned within a particular year. Therefore, it is calculated including the nominal interest rates as well as the compounded interest rates on a deposit made within a particular financial year.
• What are the factors to look for when searching for top 10 best savings accounts?
  The most significant factor to be considered while looking for a savings account is the interest rates. However, there are other attributes too which need to be taken into consideration when you look for the top 10 savings accounts. For instance, minimum deposit on opening, monthly fees for maintaining the account, and penalty charges are some of t
• How do I pay for items?
  Most auctioneers take credit cards, cash and bankable checks, however if the items being purchased are large dollar amount items the Auctioneer may require proof of funds from your banking institution.
• What are the online finance courses offered by Harvard?
  Nonprofit Financial Stewardship: Concepts and Techniques for Strategic Management,Strategic Frameworks for Nonprofit Organizations,International Marketing,Economics of Business.
• How does finance work on a car?
  In direct lending, you get a loan directly from a bank, finance company, or credit union. You agree to pay, over a period of time, the amount financed, plus a finance charge. Once you enter into a contract with a dealership to buy a vehicle, you use the loan from the direct lender to pay for the vehicle.
• What are travel credit cards?
  Travel credit cards are rewards cards that help users earn free travel, achieve elite member status with hotels and airlines and enjoy many other travel-related perks.
• How do you finance a car?
  1) Understand your credit score before you go to the dealership. 2) If your credit isn't perfect, get financing quotes before you go. 3) Keep the term as short as you can afford. 4) Put 20 percent down. 5) Pay for taxes, fees, and extras with cash. 6) Gap insurance. 7) When to refinance a car loan.
• Which are the most powerful currencies in the world?
  A currencys performance is calculated by comparing it with another currency, and it acts as a market standard. Here is a list of the most influential and strong currencies in the world.Kuwait DinarBahrain DinarOman RialJordan DinarBritish PoundEuropean EuroCayman Island DollarUS DollarSwiss FrancAustralian dollarCanadian DollarSingapore DollarLibya