A credit union is a member-owned nonprofit cooperative financial institution. Here are some key points about credit unions: If you are looking for credit unions in a specific area, such as Lee County, Alabama, you can find a list of the best credit unions in that area. Additionally, websites like NerdWallet provide rankings and reviews…

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Online banking refers to the ability to manage your bank accounts and conduct financial transactions through the internet or mobile devices. It offers convenience and flexibility, allowing you to access your accounts, make payments, transfer money, and more from anywhere at any time. Here are some key points about online banking: Benefits of Online Banking:…

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A money market account is a type of account offered by banks and credit unions that is similar to a savings account, but with some checking account features as well. They are interest-bearing accounts that pay competitive rates and are a safe place to save money. Money market accounts may offer check-writing privileges, a debit…

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A high-yield savings account is a type of federally insured savings product that earns rates that are much better than the national average. They offer a higher interest rate than traditional savings accounts, and the higher the annual percentage yield (APY), the faster the money grows. Here are some key features of high-yield savings accounts:…

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Junk bonds, also known as high-yield bonds, are bonds that carry a higher risk of default than most bonds issued by corporations and governments. They are issued by companies that are financially struggling and have a high risk of defaulting or not paying their interest payments or repaying the principal to investors1. Junk bonds are…

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Municipal bonds are debt securities issued by public entities to finance capital expenditures or refinance existing debt. These bonds are used to fund public projects such as schools, hospitals, highways, and airports. Municipal bonds can be either general obligation bonds or revenue bonds, with the former being backed by the issuer’s full faith and credit,…

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