0
votes
0answers
18 views

USD commission in saving account? [on hold]

I have open a small trading company which connect buyers with sellers.Against that we receive small amount of commission from Manufacturer in USD. Can I ask them to deposit these in my saving or ...
1
vote
1answer
79 views

In India, what is the difference between Current Account and a Savings Bank Account?

Considering that Current Accounts in India give you no interest, why would anyone keep a current account open? Why not just use a Savings Bank Account? ATleast they give you some daily interest on the ...
4
votes
1answer
123 views

How often do Savings Banks in India pay interest?

As per my understanding, Banks in India are to run under the directives of the Reserve Bank of India. How often do they pay dividends on the interest that they offer on Savings bank accounts? Every ...
4
votes
1answer
178 views

How do I evaluate risk exposure to my U.K. bank in light of the possible collapse of the Euro or Eurozone economies?

I understand there are concerns about runs on banks in Eurozone countries like Greece and Spain. Should this happen, it might put pressure on banks elsewhere. How can I evaluate the risk exposure of ...
3
votes
1answer
109 views

Better rate for investment between CD or savings

I have been considering either renewing my CD (Certificate of Deposit) from my local Credit Union which is at 1.35% APR (1.3591 %) dividend rate (monthly compounded) for one year. I recently noticed ...
11
votes
6answers
3k views

Should I have separate savings accounts for various savings goals?

I have read through some personal budgeting articles and saving tips. Most articles and books mention saving money for emergency funds, large purchases, etc. Should emergency funds and saving funds ...
5
votes
3answers
1k views

What's up with this weird Wells Fargo account nickname policy?

This question is super random, but I have a savings account that I want to throw 10% of my money in per month for savings. I wanted to nickname it "Tithing", and Wells Fargo gave me this error: ...
7
votes
1answer
261 views

How to save and partition money for a University student

I'm about to start my first "professional" internship/job, but I will be getting paid. I will be making around 1100$ every 2 weeks and saving around 8800$ during the whole summer. This is more money ...
12
votes
2answers
7k views

Why is there a limit of 6 ACH transfers out of savings accounts (per month)?

I recently discovered this limit the hard way, after being charged a fee for each transfer over the limit. With online banking becoming so prevalent, this is a huge inconvenience as it prevents people ...
4
votes
3answers
546 views

Is a High-Yield Savings Account with 1.25% APY too good to be true?

Okay, Sallie Mae is advertising a savings account with 1.25% APY. That seems incredibly high for a savings account, especially right now. It seems like a too good to be true type thing. Is there a ...
5
votes
1answer
52 views

Can a monetary settlement be placed into an account that provides gradual access to the funds?

I want to place a lump sum into an account that will give the account holder gradual access to it so they won't immediately spend the lump sum on frivolous large purchases (or at least not until ...
8
votes
3answers
374 views

At what age should I begin discussing money - saving, spending, investing - with my child / children?

In addition, when should I open a savings account at our bank for my kids; and give them accountability over it?