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An online savings account (OSA) is a savings account managed and funded exclusively on the Internet. OSAs are often characterized by high yields, which far surpass those of traditional savings accounts. By eliminating paperwork and reducing overhead costs, banks are able to pass the savings onto the customer by offering an annual yield that, in some cases, exceeds 5%. In comparison, the United States national savings average is currently 0.54%.[1] Image File history File links Gnome-globe. ...
Savings deposits are accounts maintained by banks, savings and loan associations, credit unions, and mutual savings banks that pay interest but can not be used directly as money. ...
In financial economics, the yield of a financial instrument/security (finance), usually a debt instrument, or other investment is the rate of return the holder earns on that instrument. ...
Features OSAs, which are being increasingly considered as part of a larger investment strategy, offer yields that currently compare favorably with stocks and bonds, as well as the liquidity of a savings account, the convenience to transact online, and FDIC insurance (to the maximum permitted by law). Many of these high-yield accounts have no fees, no minimum balance, and no lock-up period. Account holders may link their OSAs to their existing external bank accounts for easy transfer of funds between multiple accounts. Some, like HSBC Direct from HSBC Bank USA, N.A., also offer ATM cards so customers can directly access the funds in their OSAs. The stocks are a device used since medieval times for public humiliation, corporal punishment, and torture. ...
Look up bond in Wiktionary, the free dictionary. ...
Market liquidity is a business or economics term that refers to the ability to quickly buy or sell a particular item without causing a significant movement in the price. ...
The Federal Deposit Insurance Corporation (FDIC) was created by the Glass-Steagall Act of 1933. ...
HSBC Holdings PLC (NYSE: HBC), (LSE: HSBA), (HKSE: 005), (Euronext: HSBC), is one of the largest banking groups in the world. ...
An ATM card is an ISO 7810 card used to withdrawal money from an ATM machine from an account. ...
Changes in Banking and Investing OSAs, combined with rising interest rates, have made cash an increasingly attractive investment option. They provide a risk-free option for investors looking for a safe place to park their money, especially in uncertain economic times. Inflation, stagflation, recessionary fears and stock market volatility are among the economic indicators that have encouraged more and more investors to consider cash as a way to balance their portfolios. In fact, more than 8.5 million customers signed up for OSAs with leading U.S. banks in 2005 alone and some industry experts estimate the Online Savings Account market will triple in size, from $250 billion to $400 billion by 2010.[2] [3] An interest rate is the price a borrower pays for the use of money he does not own, and the return a lender receives for deferring his consumption, by lending to the borrower. ...
Stagflation is a term in macroeconomics used to describe a period characteristic of high inflation combined with economic stagnation, unemployment, or economic recession. ...
The New York Stock Exchange A stock market is a market for the trading of company stock, and derivatives of same; both of these are securities listed on a stock exchange as well as those only traded privately. ...
Online Communities Online Savings Forum
Notes - ^ Bankrate.com as of 9/27/06
- ^ comScore Networks
- ^ Boston Consulting Group
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