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Cornerstone Bank offers Certificates of Deposit with a minimum of $500 to open. Rates differ depending on the length of time from deposit to maturity.  Formed in 2017, Cornerstone Bank is the marriage of two historical community banks into one. SpencerBANK and Southbridge Savings Banks have served the citizens of Central Massachusetts since 1871 and 1848, respectively. With a home base in Worcester, Massachusetts, the operations of the bank extend to 13 branches. Cornerstone Bank…

CFCU (Community Federal Credit Union) reports that members have access to Lucky Savers Certificates as well as Certificates with a $500, $25,000, or $100,000 minimum to open. Lucky Savers can deposit a minimum of $25 with a 0.80% APY after 12 months. CD rates increase over time, with funds compounding monthly. CFCU Logo Membership is limited to any individual who resides, works, attends religious observations, or attends school in Tompkins, Cortland, Cayuga, Ontario, or Seneca…

Redstone Bank reports that they offer shared, jumbo and members-only and members-only plus rates for both certificate of deposit types as well. Non-bank members can expect Redstone CD bank rates a .10% rate for a 6-month jumbo certificate in 2019, according to their website while a member receives a .36% rate for the same type of CD. Membership is based on employment or membership to certain companies and local churches. For a 36-month regular share…

Average Household Savings & Income By Age & Education Savings and debt have long been a hot topic in the United States. In recent years, the subject has gained much focus by consumers and industry analysts. Just good (or bad) are people’s savings and debt levels in America?  Recently much interest had to do with the fact that Income has stayed relatively flat for middle income Americans, while high income Americans have seen increases…

Privacy Guard Review Privacy Guard  is a company that offers credit reporting, credit monitoring as well as an identity protection service. They have a vast number of resources and assistance available to help consumers who want to monitor their credit and their identity consistently. They can monitor anyone who is trying to use someone’s credit fraudulently and will alert the user if someone is trying to sell their information. While the service is helpful, it…

Auto Insurance Buying Guide: How much Car Insurance Do I Need? Determining what type of auto insurance can be confusing especially if you are unfamiliar with the type of coverage available. Many individuals make the mistake of purchasing only the minimum coverage while others make the mistake of purchasing too much. Knowing how much specific auto insurance you need is important. However once you understand the purpose of each type of coverage, you can better…

Auto Insurance Buying Guide: Collision vs. Comprehensive Ultimately the other way that you can guarantee that your damaged vehicle is repaired or replaced properly is to buy collision and comprehensive insurance coverage. These types of coverage are known as physical damages coverages. They address two kinds of accident. You usually cannot purchase collision coverages without buying comprehensive. However you may be able to buy comprehensive coverage on its own, this depends on the particular insurance…

The bank you choose makes just as much of an impact on you as the car you drive, the phone you use, or the insurance you depend on. The banking industry may seem different on the surface, but the reality is that many customers make the decision of what bank to choose based on factors other than just financial health or even interest rates. 26 percent of consumers would never choose a bank without reading…

Credit scores range from 300 all the way up to 850, so a credit score of 730 is certainly considered “good.” However, it’s still too low to be considered “excellent.” Prior to the recession, a score in the upper 600s was good enough to get a prime mortgage rate or auto loan. But in the post-recession era, you’ll want to raise your credit score a bit higher if you want to get super prime, or the best,…

It may seem strange that paying off debt will help your score improve, because your credit score is based on your levels and types of debts, but it is true. Reducing your debt can help you get better mortgage rates and interest rates on auto loans. If you’ve got a 725 credit score, that’s not bad at all–but it could be better since the highest score which you can achieve is 850. You’re still 125…

Before the financial crisis hit, 720 was considered a good enough score to get the best rates on auto loans and mortgage rates. While 720 is not a bad number, the highest credit score is 850, you can raise it up to a higher number like 760 which is the new number that lenders are looking for before giving customers the best rates, according to a report at MSN Money.  This Guide is Also Relevant to Individuals…

If you’ve got a 715 credit score, you’re doing pretty well and it’s by no means a bad credit score. When you go to take out an auto loan or check around for the lowest mortgage rates, you’ll be able to get a good rate, but not the best.  This Guide is Also Relevant to Individuals with scores 714, 713, 712, and 711. Nearby credit scores such as these will be able to benefit from this article. Before the recession, the…

Credit scores are important for people who are looking to get a loan such as an auto loan or get a good mortgage rate. Your credit score will affect your mortgage rate, causing you to have a higher interest rate if you have bad credit. In the grand scheme of things, a 705 credit score is good. Typically a score 700 or above is considered good since most people’s credit scores fall in the 600-750…

Finance and insurance managers oversee the financial and insurance relationships of big organizations, and possibly will have a specific entitlement, for instance, financial officer or maybe risk manager. They often manage budgets, reserves, audits and perform vital accounting methods. A degree in the field is the least possible requirement, although most arrive at their positions subsequent to many years of work related skills and experience and only after they have obtained their master’s degree. Finance…

A person’s age plays a significant role in their willingness to utilize the convenience of banking online. Weekly trips to the bank were part of the normal routine throughout the working years for many older people and the thought of accessing a bank account through a computer is simply beyond comprehension. The fact remains, long lines in a brick and mortar banking institution have been replaced with a wide variety of online banking services. Society has…

In the 1980’s, trading was a specialized past time that only appealed to professional investors with the backing of large financial institutions. This was a reflection of the nature of the stock and financial markets during this time, whereby the majority of transactions were conducted by telephone and third party brokers had to be relied upon to effect swift transactions. Fast forward to 2012, and the financial markets have changed beyond all recognition. Not only…

There is a common perception in the U.S. that personal finance will be decisive in determining which way citizens will vote in the November elections, as individuals look to the government to help ease the rising levels of poverty and economic instability that have hit the nation hard. With disposable income becoming increasingly hard to source, the majority of voters are likely to base their decision on which presidential candidate offers the most viable personal…

There may come a time in your life when you just can’t hold on to your house anymore. The economy is bad, and it’s questionable whether it will recover any time soon. You basically have two options open to you: short selling and foreclosure. Before you act, make sure you understand what you’re getting into with either option.  Short Selling Short selling refers to the practice of selling your home and collecting proceeds that fall…

With all of the promise of mutual funds, it’s reasonable to expect that they would have a yield than standard bank savings accounts. This, however, is not always the case. While some indeed beat the banks, others can actually result in losses. The most popular mutual fund of 2011 was the Templeton Global Bond, according to CNN Money. Investing in this fund would have netted you a gain of 5.5 percent. The 5th most popular fund,…