What is the Annual Equivalent Rate (AER)? The AER is the interest rate for a savings account or investment product with multiple compounding periods. It’s calculated assuming interest paid is included in the principal balance, and the next interest payment is based on the slightly higher account balance. Key Takeaways: The AER is the actual […]
Annual Equivalent Rate (AER): Definition, Formula, and Examples Read More »
You may be able to roll over a certificate of deposit (CD) automatically when the term expires. But it might not always be the best choice. As your CD term nears its end, your provider will contact you with options. The money in your CD could roll over into a new CD automatically, or you
Can You Automatically Roll Over a CD When the Term Expires? Read More »
The Security and Exchange Commission’s (SEC) reforms for money market funds, anticipated by many, were implemented on October 14, 2016. These changes significantly altered the perspective of investors and fund providers on money market funds as a short-term cash investment alternative. Institutional investors, in particular, faced increased risks or lower yields on their short-term funds,
When it comes to financial management, knowing how to void a check is crucial. To do so, write the word “VOID” in large, permanent letters across the front of the check using black or blue ink. This action indicates that the check cannot be used for payment, preventing unauthorized use such as by thieves who
