Personal Finance

Brokerage

Brokers can be found operating in multiple markets – insurance, stock exchanges, real estate, etc. The services they provide are in the area of intermediation, making demand and supply meet more easily. The fees they charge can take the form of a flat payment or a percentage of the transaction.

Term Deposit

Just as the name suggests, term deposits tie up your funds for a term, or period of time, whether its 30 days, 90 days or two years. If you need to pull your money out for an emergency, they’ll clog you with a break fee. So term deposits are solely intended for funds that you…

Internet Online Savings Accounts

Before the Internet, term deposits were the bees nees of cash. However, these days your top-earning online savings accounts can match the best returns offered on term deposits. So if don’t mind using the Internet to do your banking, then online savings accounts are an attractive option since they allow almost ready access to your…

Transaction Accounts

Transaction accounts are for doing just that, making transactions – whether that’s to pay off your credit card, buy the weekly groceries or pay for the trip to the dentist. It’s important to remember that transaction accounts are not savings accounts and aren’t the place to stash your cash for the long haul. For this…

Personal Loan

Personal Loans are one of the easiest loans to understand. You need money to fund a new kitchen, to pay for little Sarah’s school fees, to buy a boat, and so forth – so you put your hand out to the bank and they might be generous enough to extend assistance via a personal loan….

Equipment finance

Many business owners use the leasing services of banks, finance brokers and accountants when purchasing items for their business, which might be a car, tractor or even a piece of art. Rather than buying the business item with their own capital, they lease the item instead. Leasing, also known as equipment finance, solves the problem…

Separately Managed Accounts (SMAs)

If you’re lucky enough to have millions to invest you can approach a fund manager directly and ask them to personally trade your money for you. No longer will you be shoved into a fund with everyone else – instead, a fund manager will treat your account separately. This idea of having a separate account…