Shahin's Articles

• The 10 Dumbest Money-Related Yahoo! Answer Fails

  Sure, we all have trouble managing our finances from time to time. Some more than others. Thanks to YahooAnswerFail.com and Yahoo! Answers, we’ve rounded up ten of the dumbest money-related questions you’ve ever heard of. 1. Ball and Chain Fail 2. Halfsies Fail 3. Change Fail 4. Fiery Fail 5. Modest Fail 6. Robber Fail...

• Save Your Raises For A Bigger Nest Egg

  Take a look at how much you can save over your career if you put your raises into savings each year. Compare the difference if you bank (save) all, 2/3, or 1/3 of your annual raises and see how much you will have in savings at different stages of your life. *All eggs are to...

• Do Banks Have the Right to Delay Withdrawals?

  In your dealings with the banks or financial institutions that handle your accounts, such as savings, checking, or money market accounts, you may have encountered a hold on a check that you deposited into your account. One, two, three day holds or even holds of up to six or seven business days are not unusual,...

• What Is A Withdrawal of Interest?

  When you open a Certificate of Deposit account, there is a certain amount of money that you put into the bank on a time deposit for a specified term. During that term, the amount you have on deposit at the bank will be accumulating interest. This is how you make money on a CD: by...

• How Long Can Banks Delay Withdrawals on My CDs?

  When you opened your CD, or certificate of deposit account, you agreed to allow the bank to hold a certain amount of your assets for a period of time, called a “term.” The term of your CD may be anywhere from 6 months to 10 years. Generally the longer the term of your CD, the...

• Do I Really Need Deposit Insurance?

  Deposit insurance, which is provided in the United States by the FDIC, covers any deposits you make at an FDIC insured bank. Types of accounts covered by deposit insurance can include checking and savings, money market accounts, NOW accounts or certificates of deposit. This type of insurance was created in the 1930s as a response...

• What Is Deposit Insurance?

  Deposit insurance is a measure that is put in place in many countries, which protects bank deposits in the event of a bank failure. The purpose of deposit insurance is to maintain the stability of a country’s entire financial system in the event that bank failures trigger widespread panic and cause a “run” on the...

• How Does a Refinance Auto Loan Work?

  Auto loans can be refinance as long as you have paid down below the Kelly Blue book price.

• What is the Truth in Savings Act (TISA)?

  The Truth in Savings Act, also known as TISA, is a federal law which was enacted in 1991 as part of the Federal Deposit Insurance Corporation Improvement Act. It protects consumers by requiring clear and uniform disclosure of terms of interest and fees when you open a new savings account or CD.

• What Is The Size of the Global Banking Industry?

  Between 2006-2007, the total worldwide assets of the largest 1,000 global banks was counted at $74.2 trillion.