3 Kinds of Investments Made With Money Through Banks
Many types of investments are made with money through the help of banks. It is banks which help most stock buyers to take advantage of profits which can be made through financial markets around the globe. Banks operating in countries as the United States of America, United Kingdom, New Zealand, Germany, Switzerland and Canada offer their clients access to savings accounts. One of the easiest investments a person can make with money in the U.S. is through taking advantage of money market and CD accounts which bear considerable interest rates. The three kinds of investments made with money through banks are:
- The ones which help stock markets to thrive. Investments which allow stock traders and investors to buy or sell shares can be performed through banks. Most banks offer their customers access to modern trading platforms. Bank of America, for example, offers its customers who have money to invest, access to the U.S. stock market.
- Certificate of deposit investments which offer the best compounding interest rates. The annual percentage yield of a CD investment can help its buyer or investor to increase the principal amount he invests in it for a specific time frame. Because of the low APYs attributed to CDs, they are not as profitable as stocks.
- From secured credit cards issued to consumers who want to establish credit history files. Some consumers do not realize that they are investing their money through banks if they pay FDIC-insured financial corporations so as to establish credit history information. Without the availability of a credit history, an individual may not be able to borrow money from any lender.
- Money Market Accounts: Rates to Strengthen Your Financial Portfolio (ally.com)
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- What are Money Market Funds? (moneymanager.com)
- 3 Ways Bank of America Can Surge Beyond $10 (fool.com)
- Money market account and rates in Mankato, Minnesota (bankrate.com)
- The 10-Year CD May Be The Worst Bank Product Ever (businessinsider.com)
- Options for Savers and Retirees Hurt by Low Interest Rates (cashnetusa.com)
- Could The Central Bank Vaults Be Empty? (GLD, IAU, SLV, UGL) (etfdailynews.com)
- Where To Put Your Money When Wall Street’s Wrong (Like it Is Now) (etfdailynews.com)