February 2021

Image source: Getty Images Are you planning to invest and research the best stocks to buy? Before doing this, you should know that all the money you make by investing is taxed. You receive a T5 slip that gives you a summary…

A pregnant woman found herself unable to pay for food, energy bills and a deposit for her new home when the Preston company she worked for cut her hours. An employment tribunal has learned how the woman, named Miss M Wilson, was forced to!-->…

The Monetary Board, the governing body of the Bangko Sentral ng Pilipinas, said on Wednesday it had approved reducing the minimum amount when opening an investment management account from 1 million to 100,000 pesos. BSP Governor…

In short Crypto savings accounts work like normal bank savings accounts, except you deposit cryptocurrency instead of fiat currency. Account holders earn a small percentage of interest over time, in exchange for handing over access to their…

High yield savings accounts help consumers increase their funds faster. (iStock) High yield savings accounts help consumers achieve their goal of saving more money because they offer higher interest rates. Instead of opening a…

The Bangko Sentral ng Pilipinas (BSP) lowered the minimum investment management account (IMA) size held by banks and non-banks to just P100,000 from P1 million. The BSP Monetary Council approved Circular No.1109 at its regular…

Two of Australia's major banks further cut the already low interest rates on savings accounts. ANZ today cut interest rates on its standard and introductory savings accounts by 10 basis points, while the Commonwealth…

Compound interest is interest generated on both principal and interest already accrued. Simply put, it is interest on interest. What you need to know about compound interest:…

Top line Congressional Democrats on Thursday reintroduced a bill that would establish $ 1,000 "baby bonds" for every American when they are born - setting up savings accounts that people cannot touch before age adult - one of the many…

Banks get six months' notice for negative interest rates Could we be paid to borrow money and charged to use our checking accounts in the near future? If the Bank of England keeps interest rates negative, this could become a reality.…

This article is part of an ongoing series of basic financial education by financial industry professionals curated by PocketFin - The Financial School of Real Life.CNBC Africa provides PocketFin content as a service to its readers but does…