Archive for the ‘Savings Account’ Category

The first-time home purchase savings account

Thursday, October 8th, 2009

People saving for the deposit on their first home can take advantage of a special savings account offered jointly by the building societies and the government, in which the high interest rate offered by the building societies is supplemented by an additional subsidy paid by the government. An initial deposit ...

Your salary cheque

Monday, October 5th, 2009

Talking of withdrawing money after you have deposited your salary cheque, here's a practical hint to ensure the availability of your money. Normally, when a cheque is paid into an account, there is a clearance period of up to a couple of weeks, to enable the bank or building society ...

Save to accumulate capital

Monday, September 28th, 2009

There is, however, another excellent reason for saving. If you wish to become wealthy — who does not? — you cannot do it on borrowed money. You will need more than just material objects purchased on credit, such as a car and a house, to be wealthy. You will also need ...

Watch Out! Credit Cards, Checks and Bills

Saturday, May 23rd, 2009

1. Do not have any of your bills sent to your home. Always list your post office box as your mailing address. An even better solution is to pay your bills online—but do it safely.

Gearing – Speeding Up the Way to Wealth (Or Ruin!)

Friday, May 1st, 2009

If you have ever used a tyre lever, or played on a seesaw, you will understand the principle of leverage. By the use of leverage the power of a small force can be greatly increased to have an almost unbelievable effect. In investing the correct use of leverage, or "gearing" ...

Specific Points of Concern of Electronic Banking

Wednesday, June 18th, 2008

Specific issues which do come up regularly are as follows. Imagine how many of us do ignore of this, I do. I do concern none of them, I am happy with the convenience I get. Never bothering with fundamental structures, for our safety concern, please learn… The authenticity of the payment ...

Improvements to the banking Scheme, does it work that way?

Friday, June 13th, 2008

The use of public key cryptography as described (I mentioned it at my previous post) so far has a number of problems associated with it. These can be solved by incorporating the improvements described below. One problem is that when Alice and Bob (and all other members of the community) are ...

Do we really need Digital Signatures and Digital Envelopes?

Sunday, June 8th, 2008

I just went through several books of banking security. Oh, I have been studying this thing for almost one year. It is not my decision, anyway, not interested at the first place. Anyone who might be interest, give me some ideas about Digital Signatures and Digital Envelopes. Me, I had ...

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