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The Federal Regulations of Money Market Accounts

There are important federal regulations that affect money market accounts. If you are researching money market accounts, it’s important to be aware of these regulations.
Classification of Money Market Accounts
The federal government classifies money market accounts as savings deposit accounts. There’s a key difference, however, between money market accounts and savings accounts. You are permitted [...]

Financial Growth with High-Yield Money Market Rates

Typically it’s possible to find the best money market rates when you look for high-yield money market accounts. High yield money market accounts offer the best money market rates because they offer variable rates. Here’s a handy guide to these accounts and the best way to navigate the difficult waters of high yield money market [...]

Bank On North Carolina

The Bank On North Carolina program is a project of State Treasurer Janet Cowell and Banking Commissioner Joe Smith.  “Bank On North Carolina is a program designed to help families make better use of financial services to convert their wages into wealth.  With an initial focus on connecting qualified “unbanked” households – those without any [...]

Emergency Fund

The below article is one that I wrote at my previous blog, which suggested building an emergency fund.  This article was written on June 3, 2006.  Right around this time, I opened up an online savings account with Emigrant Direct, however, soon after I transferred this account to E*Trade where I now house 1) [...]

COMING SOON!

Financial literacy is generally lacking in this great world of ours.  The reason (usually) why individuals and corporations make poor financial decisions is due to lack of education related to personal finance.  Sometimes these poor decisions are due to greed, but on the whole, I would say that the people on Main Street primarily make [...]