Opening a savings account is the first thing you should do at the start of your financial journey, as it offers adequate liquidity, deposit security and suitable interest rates. Savings account interest is usually calculated daily based on the total amount in the account at the end of the day and paid quarterly. Your first step in wealth management that meets all of your individual banking and financial requirements is through a savings account. Debit card, low monthly balance threshold, high interest rates, attractive cash back and rebates, amazing rewards against debit card transactions and many more benefits come with savings accounts . Besides these key benefits, a savings account also allows you to earn interest on the money you deposit and allows you to make free withdrawals when you need them, making it a good choice for goals. short term. For those who want to open an interest-bearing deposit account, here are the banks that are now offering interest rates of up to 7.50%.
Citizens fear to invest in gold in the coming period with expectations of lower prices with the US Federal Reserve announcement to raise interest rates 3 times during the next year, and the first time is expected to be next month. Nagham Muhammad, executive director of Smart Deal Financial Consulting, said countries’ economic policies drive […]
Christopher Wood, Jefferies (file). Photo: BCCL Christopher Wood in the latest Greed and Fear Newsletter said expectations for monetary tightening peaked with US Fed Chairman Jerome Powell’s last press conference on November 2, and since then money market expectations for peak rates have fallen by 5.15 % to 4.91%. Woods argued that while monetary tightening […]
Jess Christman wants to expand her forestry business in the Scottish Highlands but fears that rising interest rates will hamper her investment plans. The 64-year-old is looking to capitalize on UK sanctions on Russia, which halted the export of timber to Britain, while paying off the debt he owed contract during the Covid pandemic. “There […]