A Useful Rule of Thumb
Submitted by mcjam87 (bestcashcow.com)
A quick way to calculate the how long it will take to double an investment.

Compare the best CD rates, the best money market rates, the best savings rates, mortgage rates, home equity rates, auto loan rates and more - as well as find financial information that can help you make better decisions with your money.
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Citibank is offering a $200 gift card bonus to customers who open a checking account by June 30, 2009. Check link below for details:
Industry representatives would have you believe that the Credit Card Accountability, Responsibility and Disclosure Act enacted last month spells the end of the credit card as we know it. President...
A quick way to calculate the how long it will take to double an investment.
E-Trade just lowered the rate on their E-Trade Savings Accounts to 0.95%. Apparently this APY is still five times the national average.
I have added a table with the Best CD Rates from Bankrate at the bottom of my website. These are updated automatically. Check them out!
The fact that all generations are learning to save, albeit the hard way, is the silver lining of the current recession and habits learnt today will stand us in good stead for the years ahead. Back...
Compound interest can be the key to accumulating wealth
With the decrease in interest rates by major central banks worldwide, investors are left with few decently yielding choices to park their extra cash.
This FABB Insight titled "Consumers Want More Than High Interest Rates on Checking Accounts," looks at FindABetterBank users who indicated they "must have" interest on checking account balances....
With savings rates (APY) falling thanks to sharp cuts in the federal fund rates, which are nearing 0%, it is getting harder and harder for people to earn a decent risk-free return on cash sitting...
investing, dividends, stocks, retirements, 401k, passive, income, value, buffett, HON, T, WMI, BA, LLY, ITT, BBT
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Type
|
Top APY/Rate
|
Institution
|
|
2.51%
|
Everbank
|
|
|
0.38%
|
W&R Advisors
|
|
|
1.65%
|
TotalBank
|
|
|
1.65%
|
The Jacksonville Bank
|
|
|
2.25%
|
Academy Bank / The Jacksonville Bank
|
|
|
2.25%
|
Security Savings Bank
|
|
|
2.60%
|
The Jacksonville Bank
|
|
|
3.00%
|
Flagstar Bank / Hudson City Bank
|
|
3.25% |
FlagStar Bank / Hudson City Bank |
|
|
3.50%
|
Acacia Bank
|
|
|
3.36%
|
US Treasury
|
|
4.51% |
Bank of the Sierra |
|
|
1.64%
|
Northrop Grumman CU
|
|
|
2.30%
|
Alliant CU
|
|
|
2.55%
|
Alliant CU
|
|
|
3.00%
|
Alliant CU
|
|
|
0.09%
|
Various brokerages
|
|
|
0.14%
|
Various brokerages
|
|
|
0.91%
|
Various brokerages
|
|
|
2.35%
|
Various brokerages
|
|
|
3.47%
|
Various brokerages
|
See more product and rate information