I bank with Bank of America and they offer a custodial savings account. I like this option because I can transfer money each week from my checking account to this account. I don’t understand about why they report interest rate to child’s credit report. Any help there would be great. Also are there any other [...]
I want to start an account for my nieces that I can contribute to on birthdays and holidays. Would Treasury bonds be good? What else? I need a better interest rate than a savings account provides.
Thinking of taking a loan to finance a house purchase in New Jersey. Would like to find out if it is a good decision compared to other savings options.
Should expected inflation rise, will savings rise, fall, or stay the same? And what about Investment? Please DO NOT assume that any political policies or tax laws will take place, its just a simple econ problem.
Mike Norman continues with his explanation of why deficit spending is the only way the private sector can experience an increase in savings in the aggregate.