Tips for choosing from the top 10 savings accounts A savings account allows you to earn interest on the cash that you have stored securely in your account. Savings accounts work in a sense that you lend money to the bank by depositing it in their bank. The money turns around and is offered as loan to other customers. The banks levy interests rate on the loans that they provide to their customers and offer interest on the money that is deposited in the savings account. There are some savings account that offer great interest rates. Before discussing which are the top 10 savings accounts that you should consider, let’s get to know the basics of the same. How to choose from the top 10 savings accounts? The types of savings accounts depend on your financial goals. There are three basic types of savings account: A Money Market Account usually requires minimum balance. It offers returns at a slightly higher rate. The account comes with limited transactions per month, and it also comes with a debit card and the facility to write checks for transactions. The most basic savings account offers a low interest rate. Some of them offer 5% to 6% interest rate on savings account.

A brief overview of title loans A title loan is a secured loan where borrowers are given the option of using their vehicles as a collateral. The borrowers can loan a certain amount in exchange of placing a lien on the car title, which is a form of security interest that is granted against a property. They must temporarily surrender the hard copy of the title of their vehicle to the lender in exchange of the loan amount. Let us know more about title loan through the series of questions listed below: How does a title loan work? Usually referred to as car title loan, it is a small amount of loan given for a short period of time. The borrower must give the lender the title of the vehicle. Title loans usually have a repayment time of 30 days. The biggest downlow about car title loans is that, if the borrower defaults the loan or cannot repay it completely, the lender can take the borrower’s vehicle in exchange of the defaulted loan. Are title loans valid in all states across the country? Because title loans have short terms and lump sum repayments with high annual percentage rates, title loans operate only in half of the country (25 states to be precise).

Here is everything you need to know about opening an online bank account Having a bank account is important for more than one reason. From carrying out transactions to maintaining a stable financial base, a bank account makes the process easier. However, the thought of opening a bank account can make you cringe. Making several trips to the bank with all the right documents can cause trouble. However, like with every other thing, opening a bank account has become effortless with time. Today, banks offer a service that allows one to open an online bank account. While this is a relatively new option, it is being adapted widely for the convenience it brings. Opening an online bank account eliminates long queues and the effort of going to the bank. You can complete the process within the confines of your home and at any time of the day. If you are looking open an online bank account, here are few things that you should understand. Which bank should you open an online bank account with? Consider several banks and clearly understand the terms and policies before opting for the most suitable one. Ask trusted friends and relatives who can give you good feedback about the institutions that they bank with.

4 FAQs when opening an online checking account Checking accounts are the kind of bank accounts through which you can easily access your cash. It can be done using a debit card to withdraw, write checks, or make payments. Online checking accounts work on the same premise, the only difference being that online checking accounts offer services and transactions 24/7 as customers can access their accounts conveniently through the Internet. You can also access your certificate of deposit (CD) account or individual retirement account (IRA) with just a few clicks. Let us get to know more about what checking accounts have to offer: What are the advantages of opening an online checking account? Online free checking accounts have a fewer fees than traditional accounts – Online free checking accounts are gaining popularity in the recent times. This is because they have fewer fees and some virtual banks reimburse you for ATM fees nationally. They offer no minimum deposit amounts. Nationwide comparison shopping – Online checking bank accounts widens your banking network. Most of these accounts have high rates and offer a high yield. Abundant personal finance tools – There are online bank accounts that offer functionality which helps in offering complex functionality that helps in connecting and spending budgets.

A brief overview of life insurance companies Selecting the right life insurance company can be a struggle with so many life insurance companies claiming to serve you with the best. Most life insurance companies offer competitive products at strikingly similar prices. One of the most useful ways to choose a certain life insurance company over the other could be the price. It is, therefore, best to get a couple of life insurance quotes from a few companies to determine the life insurance company you could go for. Here’s what you need to know about life insurance companies. What are the aspects to consider before choosing the best life insurance company? Weigh the customer service. A company with an interactive customer service helps a great deal in the long run. Reviewing customer satisfaction scores can help you understand the company’s goodwill. Many portals let customers file a complaint against the company. The financial strength of the company is another crucial factor that you must consider before zeroing down on a company. Financial strength ratings are available on several financial review websites. It is best not to consider life insurance companies with ratings that go below B. Price is another important aspect that must be considered.

Here’s what you need to know before investing in a tiny house The tiny house movement has been extremely active in the country as it advocates financial, environmental, and lifestyle concerns. Which is why this social movement has become increasingly popular with the masses in the past few decades. Therefore, in the recent years, it has thrived both in businesses as well as DIY circles. If you’re are interested in having your very own humble abode, then you can consider these tiny houses for sale. However, investing in a tiny house requires a significant amount of investment as well as accountability. So, here are a few things that you should be aware of before purchasing a tiny house. What are the benefits of tiny houses? Saves money – Investing in a smaller home naturally means that you will end up saving a lot of money. You can use the unused money for moving, furniture, and interior expenses. Lower utility costs – Monthly bills involving water supply, electricity, maintenance, etc., will comparatively be quite low. Easy maintenance – A tiny house will be easier to clean and maintain. If there are any repairs required, you can just do it yourself. Occasional need to declutter – A tiny house automatically means that you will have limited functional and storage space.

Applying for a parent-student loan? Here’s what you need to know Student loan from a bank or a lender is usually the best way to plan and start your career. Student loans are taken by aspiring college students for their bright future. It eases them from their financial trouble and helps them focus on their academics more. There is another type of loan that is different from a student loan, and it’s called a PLUS loan. It is a student loan that is taken by the parents or student loan for parents. It is also known as the parent-student loan. What is the eligibility criteria to apply for a parent-student loan? These loans are financed by the U.S. Department of Education. Here are certain requirements to be eligible for the loan. FAFSA application – You need to fill the Free Application for Federal Student Aid (FAFSA) and depending on the information that you provide, your appeal will be evaluated. Decent to good credit history – Just like any other loan, even parent-student loans are given after your credit history has been checked. The credit score plays an important role here and only upon checking that the loan is given (or not).

All you need to know when looking for houses for rent by owner Who said house hunting was easy? It takes days and sometimes months to find a perfect place you can call your home. Whether you have decided to buy an apartment or rent one, there is nothing that can save you from sleepless nights and the endless errands of house hunting. What makes the entire experience even more taxing is the concept of broker and paying brokerage. However, we are lucky that today we have the option of skipping the middleman and directly deal with the seller. This is applicable both for buying and renting apartments. Don’t know how it is done? Here is a brief overview on directly buying houses for rent by owners directly: What do you need to keep in mind when you are house hunting? A lot of foreseeing and planning is required when you search for an apartment to rent. You need to consider factors like the location, space, and most importantly, your budget. The best thing to do is to be sure about these factors before you go to visit the owner and see the place up for rent. What are the benefits of buying houses for rent by owners?