Book Yoda. Business & Investing.

I noticed in personal finance websites that ING direct seems to give a higher interest yields than most banks' savings accounts. You only have to have a checking account with another bank. But most of them are from the US. I want to know if it's possible to open an ING direct account even if you're not from the US. Or if there are similar institutions or services here in the Philippines which will give as much--4.5% per annum. Thanks.

Most banks don't care where you live. Call them and ask them

2007-11-20 06:02:29 by lookcloser

Learn English about the bank, checking and saving accounts and writing a check a segment from our videos

I am hearing all sorts of things about Open Source. I am wondering if banking and financial services is embracing this and where the key innovations are.

different mortgage solutions exists, I have outlined some below

(I would also suggest you read : http://umgarticles.atspace.com/mortgage.htm

Pension Plan
Using a pension plan to accumulate the balance of your mortgage is a tax free saving scheme. The balance of your house will be saved over a period of time until you can pay your final balance. If you do intend to use a pension fund to save for the balance of your house, consideration should be taken into account to open another pension fund for retirement purposes too.

ISA Plan
With an ISA plan you invest in stocks and shares via an Individual Savings Account (ISA) - which is a tax-free method of saving. This method of saving may not be suitable for most borrowers. Before considering this option you should consult with an independent financial adviser.
Endowment
An endowment is still the most common type of interest only mortgage which also provides life assurance cover and a fixed payment for investment. The endowment policy along with the interest only mortgage should in effect end at the same time, leaving you with the ownership of your home and nothing to pay. Endowments have undergone much criticism; this is due to investors being promised high returns from their investments. However lately this has not been the case, borrowers have found their investments have been as good as expected and a shortfall in the end amount of invested cash will not match the amount owed on the current property.
Taking into account the recent problems that have arisen regarding endowment policies it is worth remembering that returns on endowment policies have been pretty good, however you do need to see the term out in full. Also endowments do provide life assurance as part of the actual policy, so in the unfortunate event of a death the mortgage balance is paid in full.
Advantages of an interest only mortgage
• Your investments and savings could accumulate more than the required amount to cover the final payment; this could leave you more cash for your own personal use.
• Some plans have good tax benefits and help reach the required amount it a quicker and cheaper rate.
Disadvantages of an interest only mortgage
• In the unfortunate event of your investments not acquiring the designated amount of cash to cover the loan repayment, the investor could face a shortfall which they will then need to pay. If you are worried about a shortfall on your investment, you should keep in touch with your investor and request regular updates on the situation of your endowment. If the worst comes to the worst, you can increase payments to compensate for the loss of investment.
• Cashing in your endowment, ISA or pension could have adverse effects on the amount of money you have saved over the past however many years. If you do decide to cash in any existing policies you may be subjected to a penalty, this could be a cash amount specified by the investment company/lender. Please seek professional advice if you are worried about the end results of your finances, don’t be too hasty as most policies accumulate more of the cash in the final year

for a complete informational package I suggest you visit one of the many mortgage informational sites the best free one in my opinion is :

also read http://umgarticles.atspace.com/mortgage.htm

2006-07-06 13:21:45 by jonoiscool2u

No quicky answers, copy and paste, or links. Can someone describe to me in detail exactly what fiscal services Washington Mutual offers and their rates for such services?

Thanks.

The most detailed answer gets 10 points. :)

I just went to their site and here is a link for the best everyday account.

https://www.wamu.com/personal/checking_account/wamu_free_checking/default.asp

2008-12-03 21:49:29 by Fides Spes Diligo

its a bank branched off of a school, so the services need to be somewhat student/family related

idk ive never heard of it ..oh from your other question i listened to the song it was really good

also a school bank is a good idea too good luck with that in your school :]

2008-04-30 16:04:37 by Italian Soccer God

When I transfer money between online bank accounts, I don't understand why it takes three days to clear. I undertand this used to be the case when I used to pay cheques into the bank manually and staff had to process these, but I don't expect this when this is done electronically.

It takes three days if different organisations are involved as the money still needs to go through a clearing cycle and also all transactions need to be monitored for money laundering purposes. so although it isn't involving staff manually working the transfers still have to go through certain processes before they can be cleared for use in the other organisation.

2008-07-08 04:25:39 by RassyBeds