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AtricleZine - High-Rate Savings Accounts May Not Actually Pay Big Bucks
One of the most common mistakes salespeople make is taking a short-sighted view of their sales strategy. Salespeople and sales managers are often more focused on their own immediate goals than they are on the needs of their customers. I know, cause I’ve been there. Where is my next commission coming from? Will I make my quota this month or this quarter?How f
Notice that in the above tier structure, even though you are opening an account that is advertised as paying a high rate, you may not actually qualify to receive it.
For instance, a bank may pay you that 4.00% only on balances above $49,999. But if you only
Arizona has been booming for so long that sustained high growth seems like a permanent condition. The sale and resale of homes in the market have done a lot to drive the economy in the state – According to the Arizona Republic, real estate is the largest segment of the state’s economy. Because of the sustained growth in the Arizona real estate speculation has become
But if you don't investigate further before opening the account, you may be in for a surprise when you get your first statement. That's because in the banking business, not all dollars are created equal.
Some banks will use what is called a tiered interest rate structure when calculating how much interest to pay. What this means is that the amount of interest you receive on your deposit depends on how much money you have in the account. But as you will see later in this article, more money isn't necessarily better.
Let's take a look at how tiered interest rate structures work. Your bank balance is split into distinct levels, or tiers. Each tier can be assigned its own interest rate.
The following is an example of a tier structure:
Balances from $0 to $999 earn 1.20%
Balances from $1,000 to $49,999 earn 2.20%
Balances of $50,000 and over earn 4.00%.
Notice that in the above tier structure, even though you are opening an account that is advertised as paying a high rate, you may not actually qualify to receive it.
For instance, a bank may pay you that 4.00% only on balances above $49,999. But if you only p
The New Guy is a person we all know. And regardless of age, gender, race or personality – spotting The New Guy and stepping onto their front porch is your duty as an existing member of any organization. Here’s why:You become an ambassador. If it’s their first time, your initial step onto their front porch will serve as a reflection of the welcoming nat
But if you don't investigate further before opening the account, you may be in for a surprise when you get your first statement. That's because in the banking business, not all dollars are created equal.
Some banks will use what is called a tiered interest rate structure when calculating how much interest to pay. What this means is that the amount of interest you receive on your deposit depends on how much money you have in the account. But as you will see later in this article, more money isn't necessarily better.
Let's take a look at how tiered interest rate structures work. Your bank balance is split into distinct levels, or tiers. Each tier can be assigned its own interest rate.
The following is an example of a tier structure:
Balances from $0 to $999 earn 1.20%
Balances from $1,000 to $49,999 earn 2.20%
Balances of $50,000 and over earn 4.00%.
Notice that in the above tier structure, even though you are opening an account that is advertised as paying a high rate, you may not actually qualify to receive it.
For instance, a bank may pay you that 4.00% only on balances above $49,999. But if you only
We all make use of traditional forms of getting new business in – advertising, direct mail, brochures etc but networking is one form of marketing which, has been under-utilised. Until now that is. Small business owners are finally beginning to under stand the power of networking and what it can do for their sales figures.But what is networking?In its most
Let's take a look at how tiered interest rate structures work. Your bank balance is split into distinct levels, or tiers. Each tier can be assigned its own interest rate.
The following is an example of a tier structure:
Balances from $0 to $999 earn 1.20%
Balances from $1,000 to $49,999 earn 2.20%
Balances of $50,000 and over earn 4.00%.
Notice that in the above tier structure, even though you are opening an account that is advertised as paying a high rate, you may not actually qualify to receive it.
For instance, a bank may pay you that 4.00% only on balances above $49,999. But if you only
Debt consolidation and debt settlement are two prominent ways of debt reduction. These two methods have always been in contention over the relative significance of one above the other. However, market statistics say that debt settlement has always scored slightly above the debt consolidation process. Debt consolidation programs help you consolidate your outstanding loa
The following is an example of a tier structure:
Balances from $0 to $999 earn 1.20%
Balances from $1,000 to $49,999 earn 2.20%
Balances of $50,000 and over earn 4.00%.
Notice that in the above tier structure, even though you are opening an account that is advertised as paying a high rate, you may not actually qualify to receive it.
For instance, a bank may pay you that 4.00% only on balances above $49,999. But if you only
A Limited Liability Corporation, commonly referred to as LLC, is a company that combines features of a corporation with a partnership-type business structure. The owners are referred to as members and not partners or shareholders.To create a corporation in California, individuals need to be familiar with the business corporation laws of the state. This is becaus
Notice that in the above tier structure, even though you are opening an account that is advertised as paying a high rate, you may not actually qualify to receive it.
For instance, a bank may pay you that 4.00% only on balances above $49,999. But if you only plan on depositing less than $50,000 you will receive a rate of only 2.20% or less. Now 2.20% isn't bad, but it's not a juicy 4.00%.
Sometimes, the interest rate tier can work in the favor of the small depositor. Instead of offering higher rates for larger balances, some banks will do the opposite. For example, their interest rate tier may be 4.00% on balance of $0 to $20,000 and then $2.20% for balances above $20,000.
That kind of tier may be a way for banks to offer a huge rate while limiting their obligations.
Whatever reason banks have for this type of tier structure, it's great for people who don't have a lot of money to invest anyway, so getting a higher rate for a lower balance suits them just fine. However, people with a lot of cash to stash may feel a little cheated.
Here is a tier that's very common that you need to look out for -- 0.00% for balances under $2,000 and 4.00% for the remaining balance. It can be quite a disappointment when you get your monthly statement and see that you earned 0% because your balance fell below $2,000. If you tend to draw down balances frequently or keep low balances, this type of tier structure may not be
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