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by Sheila Korter
During hard economic times, it is best to save as much money as possible. One reason is that if you concentrate on saving, you will be able to prevent yourself from spending too much. Another advantage of putting your money in the bank is that you are able to earn a passive interest income. This means that you earn income without doing anything.
This is possible through the interest you earn from the money you have deposited. If you are serious about saving money and want to earn an ongoing passive income through bank deposits, you should think about several things f
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irst. The first thing that you should do is understand the different rates that are available and the terms that go along with those rates.
A money market account is an account that yields interest and also allows the depositer to withdraw funds with short notice or no notice at all. Every bank that offers an account of this type has its own rates and terms and conditions. It is advisable to choose the money market rate that does not only offer high interest rates but also has reasonable terms and conditions that are suitable to your needs and prevailing circumstances.
On the other hand, a CD is a kind of deposit that pays a higher interest rate but in return for this higher rate, imposes more restrictions. Typically you cannot withdraw funds for an established period of time without incurring a penalty. For this reason, CD’s are often referred to as time deposits. The philosophy behind a certificate of deposit is that a depositor earns a higher interest rate as because the depositor is prevented from withdrawing the funds that he or she deposited within the agreed duration of time.
In summary, the two factors you must consider in choosing a money market or a certificate of deposit are the interest rates and the length of time you want to have the money tied up. A high interest rate does not necessarily mean that it is the best deal and sometimes the rates are not what you think they might be. Usually, the higher interest rates are accompanied by stricter conditions. Therefore, you should always study and analyze the terms and conditions imposed if they are suitable to your current situation.

About the Author:
Are you interested in finding out about a no risk CD? If so please visit my site Best Money Market Rates to find out more.
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Guest post by Jason VanTreesEver seen programs online that offer bonus commissions to help increase possible earnings? If like many people, one's thoughts that comes to mind when approached by such programs or systems would be thoughts like “scam”, “rip off” or “to good to be true”. Unfortunately there are some programs made available that offer riches and fame and the glory to become financially free by simply signing up with an email address or a free trial to get you involve and then BANG, you are on your own yet again trying to make something work that will make you profits onl
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ine. But, there are online opportunities out there that after joining stand true to there campaigning to help and support you along the way and even offer free money to your earnings.High Bonus Commissions Made Payable To YouIt is one thing to be told that you can make money online, but when there is money put out there to be collected for free is by far a better. Programs that offer it's members the opportunity to collect additional bonus commissions, and stands behind it, present far more greater opportunity make money online than just receiving payment for what you have earned. Sure, there would be some obligation to accumulate additional monies to meet a certain threshold amount to collect your bonus commissions, but free money is still free money. By offering high bonus commissions, this also helps to prove just how confidant the owners is about there program.When becoming involved in online programs to make additional money, joining ones that put there money where there month is can prove to be a positive approach in helping others succeed. It could also put more money in your pocket to use towards increasing your online earnings.Author Bio:Jason VanTrees is a member of the Acme People Search program and has been paid his high bonus commissions provided by the owner after completing Step 3 and meeting it's reasonable threshold. Jason recommends promoting and profiting from all the income streams Acme People Search provides.
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It's fun writing about Wall Street's greedheads and tax dodgers. But every once in a while, I get to write about something positive -- and unpublicized -- that some Wall Street types have done. Today's reversal of the Street's natural order involves Davis Advisors.
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Searching for growth and better margins, Dell is expanding its enterprise IT consulting business by acquiring Perot Systems for $3.9 billion in an all-cash deal. Perot Systems is the IT consulting and integration services company founded by Ross Perot in 1988 four years after selling Electronic Data Systems to General Motors. (EDS is now part of HP, which bought it last year for $13.9 billion).

T
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he shift to consulting services will make Dell look more like IBM (and HP). Dell has an existing services division, which will be rolled into Perot Systems. Peter Altabef, the current CEO of Perot Systems, will run the combined IT Services business. Both Dell and Perot Systems are based in Texas, which should make the combination go smoother.
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Shopping spree sweepstakes & contests are some of the most popular online giveaways today . . . and more stores are learning that it’s a great way to attract new customers and publicity.? In fact, the reason why shopping sprees are such a common type of promotion is that the companies who put them on [...]
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After the market dealt you one bad hand after another over the past decade, you may feel relieved that your luck is finally starting to change. Stocks have shot up more than 50% since early March.
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Calculating Your Energy Draw and What To Do When You Find Out What a Home Energy Hog You've Been
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ThoughtWorks Studios, a software development startup, is launching a new version of its project management tool, Mingle, and is rolling out integration with Google Wave.

Mingle has been upgraded to feature a communications platform within the application, called “Murmurs.” A mix of an IM and Twitter-like microblogging format, Murmurs allows anyone involved in a software project to have online conversations that are associated with a specific Mingle project.
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Filed under: , , The infamous Pyrenees Castle in Alhambra, California may soon be on the market. The London Times says that now that Phil Spector
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has received a !9-year sentence for the murder of Lana Clarkson he is looking to sell the home and his collection of music memorabilia, much of it from people he worked with as a music producer, to fund his appeal. Spector bought the castle in 1998 for $1.1 million, telling Esquire magazine: "I've brought myself a beautiful and enchanting castle in a hick town." The hilltop abode's surrounding walls bear a sign that reads "Phil Spector's Pyrenees Castle."The 30-room mansion has a past of its own. It was built by Sylvester Dupuy who spared no expense to create a home that replicated a chateau he had seen in France. His version has 10-bedrooms, a game room, breakfast room and a large wine cellar. Dupuy lost most of his fortune in oil investments shortly before his death in 1936 and in 1946, the castle was sold and converted into an eight-unit apartment dwelling. It changed hands a few more times over the years and all sorts of legends have sprung up about the home. Jurors got a tour of the home during Spector's murder trial. How much is the castle worth? According to the Times article, the home where Clarkson was murdered could only be worth around $1 million.Will Phil Spector Sell His Home To Raise Cash? originally appeared on Luxist on Sun, 31 May 2009 18:01:00 EST. Please see our terms for use of feedsRead | Permalink | Email this | Linking Blogs | Comments



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Filed under: As we mentioned previously, eLuxury is closing down their retail shop. Meanwhile the deals on handbags, totes and clutches as well as other items are very impressive. This 3.1 Phillip Lim Kanvas Leather Tote comes in a couple of happy, bright shades including the mint shown here. It has contrast flat leather handles and a canvas lining. For your keys and o
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ther essentials a leather zipped pouch dangles from interior wall. It was once listed at $525 but it is now sells for $210. Philip Lim Tote, Handbag of the Day originally appeared on Luxist on Thu, 18 Jun 2009 17:01:00 EST. Please see our terms for use of feeds.Read | Permalink | Email this | Comments



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