Credit card suppliers today turn to a variety of ways to drum new customers and providing a credit card with 0% interest rate or a low APR is one way to attract cardholders.
There is no doubt that these credit card offers are very useful. Countless people have to struggle with credit card debt and a zero percent balance transfer credit cards seem a great way to pay part or all of their current debt. This way you have enough time to erase your debts, because an introductory period with low APR is about 6-12 months.
But sometimes taking one of these offers can cost consumers more they save. Read more…
Posted by: Brodie Jerrems in
Bank Rates on January 23rd, 2012
POUND
UK unemployment data out yesterday did little to significantly move sterling despite the unemployment rate being the highest since 1994. Economists are commenting on the fact sluggish UK data could put pressure on sterling in the coming weeks especially if the spotlight is placed more on the UK. In the most recent data for the UK nationwide consumer confidence data out last night was weaker than expected at 38 against a forecast of 41. There is no further UK economic data due today.
EURO
The euro is trading slightly stronger against the pound and USD this morning after reports that the International Monetary Fund (IMF) was proposing to boost lending resources to help safeguard the global economy against the worsening euro zone debt crisis, aiding riskier currencies and especially the Euro.
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Transportadora de Gas Del Sur S.A. (TGS)
Per share values in USD 1-19-2012
Market value $ 3.00
Indicated Dividend rate 49%
Durig Capital seeks out quality high yielding global investments that offer both a high yield and a good probability of appreciation, while providing a unique hedge against inflation and/or a continued devaluation of the US dollar. As a result of our diversification research efforts, we have identified and selected Transportadora de Gas Del Sur S.A. (TGS), Argentina’s largest natural gas pipeline operator, for our Investment with Income Portfolio.
US Dollar Concerns
Most investors seeking income with growth for their investment portfolios are aware that the artificially very low US Treasury return rates still remain, even before taxes, significantly below current inflation rates. American savers are thus thrust into th
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Offshore law firm Ogier, advising on the British Virgin Islands, Cayman Islands, Guernsey and Jersey law and providing fiduciary services, announced that it is opening a boutique practice in Luxembourg. By this, Ogier becomes the first offshore law firm with an onshore presence in this country.
Chief executive officer of the Ogier group Nick Kershaw said: “The new office is being driven by client demand, as many of our existing clients currently use or have expressed an interest in using Luxembourg, either standalone or as part of an offshore structure. Having a Luxembourg legal capability will therefore complement our existing suite of services.”
The Luxembourg office will be led by Francois Pfister, supported by Ogier Jersey partner Daniel Richards.
In addition to the new legal outpost, later this year Ogier plans to establish a corporate and fund administration busuiness in Luxembourg. Las
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Today’s post answers a couple of recent reader e-mails. The first question concerns the mortgage modification aspect of the government’s Making Home Affordable program.
“I applied for MHA and was turned down. Our mortgage is 51 percent of our income but we’ve never been late. Their answer was to sell my home. If I can scrape by and make payments, don’t I of all people deserve some relief?”
The reader didn’t provide further specifics than what you see above, so I will address not to this one individual but for the multitudes of others in a similar situation. On the surface, many appear eligible when there could be an underlying reason they are not.
There is a progression that lenders must follow under the Home Affordable Modification Plan, or HAMP. This “waterfall” process is designed to reduce mortgage payments to 31 percent of household income.
Read more…
Posted by: Brodie Jerrems in
Bank Rates on January 15th, 2012
BBVA has entered into the largest global agreement to date to adopt “Google Apps for Business”.
By the year end, the Spanish bank’s 110,000 employees across 26 countries should be using Google’s cloud-based apps for internal communications.
Initially, 35,000 workers in Spain will use the apps suite including: Gmail with Google Chat, Google Calendar, Google Docs, Google Groups, Google Sites and Google Video.
The bank’s global intranet is the main technology project that will be transformed, evolving from a corporate communications and process management site to a place where employees will be able to share, contribute and manage knowledge globally.
A
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It’s not uncommon for us to get calls from companies that need business financing but have been declined by banks. Many of this prospects consider their experience of trying to get bank financing to be a sour experience. “They don’t understand me. They have no idea how quickly my business can grow!” they complain. I am going to play devils advocate for a second and say that actually, many people don’t know how banks lend. And if they understood how banks operated, most of these prospects wouldn’t have even bothered approaching a bank for business financing. Maybe it’s the bank’s fault for not making it clear…. perhaps.
Let’s start by looking at the typical factoring prospect. Many prospects have less than three years of operations, though some have more. A number of them have no hard assets such real estate or equipment either for the company or personally the owners. And Read more…
Posted by: Brodie Jerrems in
Bank Rates on January 7th, 2012
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Earlier this week I wrote about the new Air Miles expiry rules, and I mentioned that I came to learn of this news through an article I read on Rewards Cards Canada. That being said, while reading the article I also came to learn about another new initiative Air Miles was launching, which is called Air Miles Cash.
After a bit of research, I came to learn that Air Miles Cash is an upcoming feature to Air Miles clients in March 2012.
Air Miles Cash is a new program feature that will allow you to redeem reward miles instantly at checkout, which can be used at participating sponsors.
As I just mentioned, Air Miles Cash is a feature that will let you redeem Air Miles Cash balance towards purchases at participating sponsors.
Read more…
Florida Commerce Credit Union encourages its members to take advantage of their high yield savings account called iSave Savings. This money in the bank deal is designed for customers who want to save for their future needs like emergency fund, retirement, or future goals. The credit union has the following current savings account rate:
- $1,000 2.53% APY
- $1,001 to $24,999.99 0.05% APY
A dividend rate of 2.53% APY can be earned on the first $1,000 deposit. Earn an interest rate of 0.05% APY on the portion of your deposit above $1,000 and for the succeeding months as well. You will also be required to make at least one automatic transfer into your account monthly. The interest rat
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Credit card suppliers today turn to a variety of ways to drum new customers and providing a credit card with 0% interest rate or a low APR is one way to attract cardholders.