January 2012 Financial Security Index
“With a stock market essentially flat, the comfort levels slipped a bit.”
Although it seems as if clients are starting to feel more comfortable with the economy as a whole, they remain pessimistic with regard to their personal financial situation. Most of our clients include savings in their total invested assets when they talk about their comfort level. This past year, with a stock market essentially flat, the comfort levels slipped a bit. In a few cases, although fairly rare, our clients have had to face pay cuts or general uncertainty about their jobs. I think that also has had an impact for those clients. A few have had to invade savings or investment accounts to sustain their budgets.
Velocity Credit Union knows you have enough on your plate and it can be hard to find new ways to save money. With a Check Plus checking account from Velocity, Austin, TX depositors can put their savings on auto pilot with a 0.50% APY checking account rate. Open a checking account at this money-saving rate without skipping a beat.
Checking Account Rate Terms and Conditions
A minimum daily balance of $5,000 must be maintained by all members in order to earn dividends at the 0.50% APY checking account rate. Should balances drop below this requirement, a $7.50 maintenance fee will be incurred. Dividends are accrued immediately and are compounded monthly. Members will be paid monthly dividends at the end of the month.
About Velocity Credit Union
Velocity Credit Union proudly operates as a non-profit financial institution that promotes stable financial planning.
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Tags: Credit Union, Union, Velocity Credit, Velocity Credit Union
The following is a guest post.
Maximizing your savings potential is all about freeing up cash in other areas of your life in order to siphon the extra funds into those savings accounts. This isn’t always easy, however and those New Year’s resolutions to save quickly end up falling by the wayside.
Cutting back is actually easier than you may think. The first thing to do is get an accurate estimate of how much you spend each month. Studies show that people tend to underestimate their monthly expenditure, which is why taking note of every penny for thirty days is so important.
Once you can see where your money is going, it will be much easier to determine where cuts can be made. A good example is your phone service.
Superfluous Stuff
In this day and age, it’s not necessary to have multiple phone lines. While
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Tags: Savings, Savings 2012
Not many people know what a public official bond is. Public official bonds ensure that individuals serving the public such as tax collectors or judges follow the rules of their county/state. The people of New Albany, IN may soon become fans of public official bonds pending a ruling on a recent case where a public official allegedly mishandled thousands of dollars.
Ronald Quakenbush, a former Floyd County Highway Department superintendent allegedly mismanaged thousands of public funds. Quakenbush supervised the county highway department and its disposal of guard rails, old culverts and other salvageable pieces. The highway department transported metal to various recycling companies that paid for the scrap; the cash and receipts were to be given to Quakenbush to be forwarded to the county auditor. According to the State Board of Accounts (SBoA) audit, Quakenbush never sent $12,526.67 in cash payments from the recyclers.
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Tags: County, County Losing
POUND
Sterling has regained recent loses against the Euro but remains low against an in demand USD, moving near to an 18 month low. The pound along with the Euro, remains vulnerable to a big reduction in investor appetite for risk as pressure mounts from rating agencies on Euro zone nations. There is no UK data due until tomorrow so sterling’s performance is likely to be heavily dictated by events in Europe, with further rallies possible against the Euro and falls vs. the USD. The market will be heavily focused on CPI (inflation) data out tomorrow morning which is forecast at 4.2%.
EURO
I`m sure as you read this report you are no longer surprised about events in Europe and the single currency once again falling against the pound and the USD (into 1.26). Investors are very cautious over Europe with the threat of a mass downgrades across euro zone countries. R
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Tags: Euro