Archive for May, 2009

Why Do Banks Hate The Payday Loan Companies So Much?

Payday loan companies are thought of as the bottom feeders of the banking industry. Many people believe that these companies just take advantage of low income families and hurt them more than they help them. The rates of payday loan companies seem high, because they are giving a very short term loan, which [...]

Investing In China: Chinese Banks

China’s banking sector has traditionally served as a party-controlled feeding trough for its inefficient, unprofitable state-owned enterprises (SOEs), most of which were technically insolvent. The process was simple – extend a loan to an unqualified SOE applicant, then write off the loan as a bad debt when it failed to repay. This situation is beginning [...]

What does the word CD mean when talking about bank accounts?

I was researching savings accounts at my bank and a couple of them said Risk Free CD and High Yield CD. What does CD mean??? I'm clueless.
CD means Certificate of Deposit and is a way the bank has your money for a fixed period of time, pays interest to you on it and loans it [...]

Outer Banks, North Carolina

North Carolina’s Outer Banks are a popular tourist destination due to the rich historical attractions, the miles of pristine beaches, and the abundant natural areas that are ripe for exploration. The string of narrow barrier islands that comprise the Outer banks are the perfect place for your next vacation if you want to take in [...]

Outer Banks, NC – A Dream Vacation

Winter, spring, summer or fall- over 100 miles of shoreline that makes up the Outer banks offers national parks, festivals and attractions, and a landscape created by Mother Nature that’s sure to impress even the most discerning traveler. The vacation rentals of the Outer Banks are everywhere you turn, so you can enjoy the [...]

Banks Are Too Slow To Raise Credit Interest Rates

Despite recent competition in the credit interest rates offered by banks, far too many appear to be still offering incentives for customers that keep their accounts in credit, a new report has stated.
According to MoneyExpert, there has been some improvement in the typical credit interest rates is offering by high street banks, although it asserts [...]

Top Reasons to Move to the Outer Banks

Wouldn’t it be nice to get away from it all every day? If you read the papers and watch the news, you may see a new trend in living where people flock to busy downtown areas. Cooped up in high rise condos, people walk to work, shopping, and dining. Convenient, yes, but eventually such a [...]

The Biggest Bank Robbers are the Banks Themselves!

A nasty, thoroughly dishonest story is beginning to emerge about one of the biggest financial scams ever!
Which, in turn, gives an awful example of Top-Down-Management, and the total disregard and contempt it holds for its most important asset, you, its customer.
Firstly it is obvious that the Management of British banks are incapable of knowing what [...]

The Lighthouses of the Outer Banks

On a dark night, far from the shores of North Carolina, ships may be guided safely to their respective ports by the beams of lighthouses and stations bordering the Outer banks. Just as the lighthouses represent a means of security for sailors finding their way through difficult weather at sea, they also symbolize the romanticism [...]

Where does money go for 3 days when you transfer it between bank accounts?

Every month I transfer money between bank accounts. The money leaves my account and then three working days later it turns up in the other account. But where is it for those three days? Is it really necessary to have three days between the transactions, what is taking so long?
Money is not a material concept. [...]