Personal Savings Accounts are accounts in which people generally place small to large sums of money in the knowledge that their money is safe and it is earning more money for them in interest. We should all save for a rainy day and for the larger items that we like to spend our money on like, holidays, cars, televisions. Common types of savings accounts. Easy Access Accounts These accounts typically...
What are Bonds? A bond is a debt security means where the person or company that issues the bond owns the bond holder’s debt. Basically, a bond is a financial contract between the issuer and the bond holder with the agreement to pay money back with intrest at scheduled, fixed intervals. A bond is essentially a loan with a borrower, a creditor and a financial contract between the two. These bonds...