SkipCaptcha
3,995
edits
Changes
Jump to navigation
Jump to search
Line 3:
Line 3: − + + + Line 15:
Line 17: − + − * [[Federal Reserve Bank]] and [[Central bank]] − * [[:Category:Banksters|Banksters]]: [[MF Global]], [[Goldman Sachs]], [[Rothschild family]], [[Bernie Madoff]] − − {{Template:Economic preparedness topics}} − [[Category : Economic Preparedness]] − [[Category:Banksters]] − [[Category:Banks]]
clean up
==Depositing==
==Depositing==
While banks can charge fees for services, mostly people depositing [[money]] in a bank will seem to see the amount of that money slightly increase over a long time due to [[interest rate]]s that the bank will pay. However, for several years now the [[inflation rate]] (see also [[Consumer Price Index]]) is greater than the interest money paid by the banks, thus one actually loses money compared to investing in [[tangibles]] or [[inflation hedge]]s. Popular avenues for storing money are in [[checking account|checking]] or [[savings account|savings]] accounts. Generally speaking checking accounts allow the writing of checks while savings accounts will not. Savings accounts will generally pay a greater interest rate.
While banks can charge fees for services, mostly people depositing [[money]] in a bank will seem to see the amount of that money slightly increase over a long time due to [[interest rate]]s that the bank will pay. Popular avenues for storing money are in [[checking account|checking]] or [[savings account|savings]] accounts. Generally speaking checking accounts allow the writing of checks while savings accounts will not. Savings accounts will generally pay a greater interest rate.
Banks can also offer [[certificates of deposit]] where the money is tied up for a set length of time earning a set interest rate. Generally speaking, the longer the period of time the money is tied up, the greater the interest rate it will earn.
Banks can also offer [[certificates of deposit]] where the money is tied up for a set length of time earning a set interest rate. Generally speaking, the longer the period of time the money is tied up, the greater the interest rate it will earn.
Some banks now also offer full service investing, where they will have a vendor come into the bank and offer access to [[mutual fund]]s and other investing opportunities that the banks themselves do not directly offer.
Some banks now also offer full service investing, where they will have a vendor come into the bank and offer access to [[mutual fund]]s and other investing opportunities that the banks themselves do not directly offer.
In theory, banks should offer interest rates that are higher than the rate of inflation. However, in certain economic conditions, that fails to be true and the customer loses money (in inflation-adjusted terms) for storing money in a bank. Customers will still use banks in those conditions rather than hiding money at home or investing in a hard assets because of the liquidity and security that banks provide.
==Loans==
==Loans==
Although banks are not part of the [[government]] (see [[Federal Reserve Bank]]), in every major country accounts with a bank are [[FDIC|insured by the government]] up to a certain amount. The goal, as emphasized in the [[Financial Crisis of 2008]], was to prevent "[[bank run]]s" in which people overnight lose confidence and demand all their deposits back.
Although banks are not part of the [[government]] (see [[Federal Reserve Bank]]), in every major country accounts with a bank are [[FDIC|insured by the government]] up to a certain amount. The goal, as emphasized in the [[Financial Crisis of 2008]], was to prevent "[[bank run]]s" in which people overnight lose confidence and demand all their deposits back.
==See Also==
==See also==
* [[Correspondent bank]]
* [[Correspondent bank]]
[[Category:Economics]]
[[Category:Economics]]
[[Category:Business]]
[[Category:Business]]