By Megan Henney Published May 08, 2019 Personal Finance FOXBusiness Facebook Twitter Comments Print video The potential impact on the federal debt, economy if the Fed raises interest rates Stanford School of Business lecturer Dave Dodson on the state of the job market and the potential impact on the federal debt if the Federal Reserve raises interest rates again. The Federal Reserve has repeatedly signaled this year that it plans to leave interest rates unchanged as it seeks to balance strong economic data in the U.S. with potential headwinds from a more-than-year-long global trade war. Continue Reading Below For borrowers, that’s great news: The benchmark federal funds rate can affect consumers by increasing borrowing costs, such as auto loan rates and 30-year fixed-rate mortgages; even a slightly lower rate for both can mean thousands of dollars in savings for consumers. But for those interested in saving, lower interest … [Read more...] about Tips for saving during periods of low interest rates
Business high yield savings account
One of the good things about getting older is that you find a myriad of deals and discounts aimed toward seniors and often people several years younger than the typical retirement age. Even your bank might have something for you.Some banks offer special “senior checking” accounts that can come with attractive perks. But these accounts also can have drawbacks that should make you think twice. Here’s how to decide if a senior checking account is worth it for you.What is a senior checking account?Checking accounts for seniors are similar to regular checking accounts, though typically it’s easier to avoid annoying fees. You might qualify for senior checking as early as age 50 or 55. The accounts can offer a multitude of benefits, including:Waived account maintenance feesInterest on your depositsNo overdraft feesFree checksDiscounted or free safe deposit boxesFree personalized financial adviceDiscounts on movie ticketsThese perks might be very appealing to you, … [Read more...] about Should you get a senior checking account?
Ninh Thuan greenlights tourism projects Ninh Thuan Province People’s Committee has granted principle approvals for two large-scale tourism projects, worth a total VND2.5 trillion (US$107.3 million). Financed by Royal Ninh Thuan development and investment joint stock company, the 87.5ha tourism complex will be developed at Phuoc Diem Commnue, Thuan Nam District. It will comprise a five-star hotel with 500 rooms, 100 high-end villas and a convention centre, restaurants and an entertainment area. The complex, worth VND2 trillion, is slated for completion in June, 2022. Meanwhile, the second project — invested by Ninh Thuan international tourism joint stock company — will cover 6.56ha at Khanh Hai Town, Ninh Hai District. Worth VND550 billion, the complex will include a five-star hotel providing between 200-300 rooms, villas and food streets. It is expected to be finished in December, 2021. Ninh Thuan is seeing rising interest from investors thanks to its potential for … [Read more...] about BUSINESS NEWS IN BRIEF 21/2
Online Friday kicks off with 5,000 promotional products Online Friday 2018 officially kicked off on December 7, with 5,000 products at promotional prices of 0 VND or with prices reduced by 80 to 90 percent, according to event organiser the Vietnam E-commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade. Around 3,000 businesses registered to join the programme. Around 120,000 buyers can access the website onlinefriday.vn or the Online Friday app at the same time. Many big brands participate such as Samsung, Jetstar, Vinamilk, Lazada, Shopee, Tiki, Lotte, Adayroi, The gioi di dong (Mobile World), Yes24, FPTshop and ViettelStore. Delivery businesses such as VnPost, Nijavan, Lalamove and Snailship would support firms by reducing delivery costs for the event. Twenty banks will join in cash-back programmes to help customers use card payments. To ensure product and service quality, the organiser told firms to provide certificates of origin. The organiser … [Read more...] about BUSINESS NEWS IN BRIEF 9/12
By Elizabeth Harris Published 2:16 pm PST, Friday, November 9, 2018 Jeanne Kanai of Prudential Financial demonstrates the AgingBooth app at a benefits fair for State of Hawaii employees on Maui. Some apps are motivating workers to plan better for retirement. Jeanne Kanai of Prudential Financial demonstrates the AgingBooth app at a benefits fair for State of Hawaii employees on Maui. Some apps are motivating workers to plan better for retirement. Photo: Anna Kim / New York Times -- PHOTO MOVED IN ADVANCE AND NOT FOR USE - ONLINE OR IN PRINT - BEFORE NOV. 04, 2018. -- A participant shows a before photo, left, and an after photo made with the AgingBooth app at a benefits fair for State of Hawaii employees on Maui, Hawaii, Oct. 23, 2018. Retirement plan sponsors like Prudential and TIAA have developed games and quizzes to motivate workers to save and invest more actively. It might work. (Anna Kim/The New York … [Read more...] about Think saving for old age can’t be fun? Try making it a game