Banks for You!

Transportation Federal Credit Union continues to offer competitive interest rates for their short term and long term certificates of deposit. The following are the list of their current CD rates:

• 0.90% APY is earned on 1 year CD term
• 1.26% APY is earned on 2 year CD term
• 1.56% APY is earned on 3 year CD term
• 1.91% APY is earned on 4 year CD term
• 2.27% APY is earned on 5 year CD term

These highest certificate of deposit rates can be earned when you make an initial deposit of $1,000 to open an account. Once you have established your CD account, you are not allowed to make additional deposits or make changes. You are allowed to withdraw the interest that you earn, but I suggest that you avoid withdrawing the principal balance of your account so that there will be no penalty charge on your certificate of deposit. The amount of penalty charge will depend on the term of your CD.

The earnings of this money in the bank deal are compounded and credited quarterly. You may choose to have it transferred to your savings account, checking account, or mail it to you via check.

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Have you kick-started your savings plan?

Savings is defined as income that is not consumed immediately by buying goods and services.

Do you have any personal savings?

The rate of personal savings is way down here in the US.

We just arent saving our money.

Youd think with the recent downturn in the economy and the drop in housing values that people would begin saving more. You just dont see it in the numbers.

So, if you currently dont have any savingsor, maybe you have some savings, but youve stopped and find it hard to get back on track, then its time to kick start your savings habit.

Here are some great ways to do just that:

What are you doing with your 2% tax break each paycheck? Why not use it for savings? Calculate how much youre saving in taxes and apply that money to an automatic savings deposit. Depe

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While mortgage rates are still attractive many are considering refinancing. However just because one has been through the process previously, it still pays to refamiliarise oneself with some key considerations when reviewing mortgagerefinancing quotes from financial firms. This will ensure that the switch to a new loan will have real financial benefit. Here are some tips.

One: Find a broker or firm that understands your circumstances. Look, business is business and the broker or financial firm you are considering is looking to make a profit. This doesn’t mean everyone is looking to take advantage, but it is important that one is clear on what they are looking for from a new mortgage and be their own advocate. Don’t assume the recommendation is right for you.

Two: Look at the total cost of the loan. Refinancing one’s mortgage only makes sense if it saves money. Just because a new loan will save a few pounds on one’s monthly repayment, it doesn’t mean it will save money overall. If one’s current mortgage has significant early redemption charges or the upfront costs of the new loan are higher than average, it may not pay to switch.

Three: Know the details of discounted rates. Read Full Post…

Hilton HHonors members can earn Double Points or Double Miles for stays from April 1st through June 30, 2012.

The Double Your HHonors promotion allows you to earn double points or double miles when you stay at any participating hotel or resort in the Hilton Worldwide portfolio.

Register for this Double Your HHonors Promo, but choose carefully, because once you pick double points or double miles, your selection cannot be changed, and that’s what you’ll earn during the entire Double Your HHonors offer period.

Double Your HHonors Promotional Details

This offer is valid for eligible stays completed between April 1st and June 30, 2012, at any participating hotel in the Hilton Worldwide portfolio.

You will not qualify if you have a check-in date before the promotional period begins or a check-out date after the promotional period ends.

Hilton HHonors members must first register at HHonors.com/Double prior to check-out of your stay within the promotional period.

If you register for Double Miles, you must select Points and Variable Miles or Points and Fixed Miles as your Double Dip Earning Style within your HHonors profile.

Double Miles are only available with participating airlines, and a preferred airline must be selected in your HHonors profile.

You must allow 6 to 8 weeks from completion of your stay for points or miles to appear in your HHonors account.

You may also wish to review these Hotel Discount Offers for more hotel savings.

Take advantage of this Hilton HHonors promo offer to earn double points or double miles on your hotel stays.

If you’ve been struggling to get out of debt for a long time and you feel like you’re running out of options, there might come a time when you decide to declare bankruptcy. Bankruptcy is a legal process to liquidate your debts, meaning that you are no longer required to pay back the money that you owe.

Bankruptcy is one of the protections that individual people have as part of our financial system, but declaring bankruptcy has its drawbacks. If you declare bankruptcy, you are basically admitting publicly that you cannot afford to pay your debts, so other banks and credit card companies will be reluctant to lend money to you in the future.

Bankruptcy has a big impact on your credit rating, and it can be difficult to get credit again for a certain amount of time in the future, which makes it difficult to buy a car or get a mortgage to buy a house.

I interviewed someone who recently declared bankruptcy after he could not find a sustainable way to pay off his credit card debts. We’ll call him “Chris” to protect his privacy.

 Chapter 7 or Chapter 13 Bankruptcy?

If you’re trying to decide whether to declare bankruptcy, keep in mind that there are two forms of bankruptcy filings: Chapter 7 and Chapter 13. Chapter 7 is

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