Question: What difference does it make where you keep your money? The returns are so low on checking and savings accounts that you certainly wont grow

What difference does it make where you keep your money? The returns are so low on checking and savings accounts that you certainly wont grow rich on their earnings! Its no wonder that many people tend to overlook the importance of managing their cash and liquid assets.

These next few days, we will evaluate your cash management needs and the various financial service institutions available to you as well as discuss in detail what you can select to help ensure you find the one best suited to your needs.

Think about your needs and preferences; whether you like to visit your banking institution in person, would you rather do your banking electronically or by mail? Why?

Is a high yield important to you, or is your typical balance usually pretty low so that any earnings would be minimal? What other services might you need, such as a safe-deposit box, brokerage account, trust services, or financial and estate planning?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!