E-Loan Online Banking

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The E-Loan Online Banking is one of the safest and securest of all the online banks for investing your money with. At E-Loan they use a SSL server that will confirm your connection each time you log in. This connection is encrypts all of the data and information so no outside party can view its contents. This is done with a 128 bit encryption.

This is what you would expect from an online bank that has made it mark in the financial community as providing a safe and convenient way for people and business to conduct their financial matters online.

This financial institution obtained it reputation by offering great interest rates on mortgages and car loans. Today they have expanded their financial services to also include savings and certificates of deposit accounts.

The current bank rates include a tiered format for their online savings accounts. The minimum deposits are $5,000, $10,000, $25,000, $50,000 and $100,000. The APYs are 0.15%, 0.45%, 0.50%, 0.55% and 0.65% respectively. For all balances below $5,000, the account will earn an APY of 0.05%.

The CD rates include 1 month CD that is earning an APY of 0.15%. The 2 month CD is earning an APY of 0.20%. The 3 month CD is earning an APY of 0.25%. The 6 month CD is earning an APY of 0.30%. The 9 month CD is earning an APY of 1.05%.

The 1 year CD is earning an APY of 1.26%. The 18 month CD is earning an APY of 0.75%. The 2 year CD is earning an APY of 1.00%. The 3 year CD is earning an APY of 1.15%. The 4 year CD is earning an APY of 1.35%. The 5 year CD is earning an APY of 1.90%. The 6 year CD that is earning an APY of 2.00%.

This is what E-Loan Online Banking has to offer. All rates are current as of June 2, 2011 but are subject to change without notice.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

For you to learn a lot more regarding CD Rates Interest, Bank Rates, Sovereign Bank Online, CD Rates, SunTrust CD Rates, Chase Online Banking, Online Banks, Westpac Online Banking, CD rates, PNC Online Banking, chase CD rates from Author pay a visit to – http://onlinebanksblog.weebly.com

Article Source : http://www.onlinebanksblog.com/best-money-market-accounts/

All About Non-banking Financial Companies (nbfcs)

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A non-banking financial company (NBFC) is defined as a company registered under the Companies Act, 1956 and indulges in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by the government or any local authority or other securities of marketable nature, leasing, hire-purchase, insurance business, and chit business. However, it does not include any institution whose principal business is that of agricultural activity, industrial activity, and sale/purchase/construction of immovable property. An NBFC basically does work similar to that of a bank without actually meeting the legal definition of a bank.

So, if NBFCs function in a way similar to a bank, then how are they any different? Heres a list of their different aspects:

(i) NBFCs cannot accept demand deposits, which are funds deposited at a depository institution that are payable on demand, much like your current or savings bank accounts.

(ii) Deposit insurance facility of DICGC (Deposit Insurance and Credit Guarantee Corporation) is not available for NBFC depositors, which is not in the case of a bank.

It is mandatory under Section 45-IA RBI, 1934 for every NBFC to register with the RBI as it regulates the working and operations of NBFC within the framework of the RBI Act, 1934 and the directions issued under this Act. A company that registers as an NBFC under the RBI should have a minimum net owned fund of Rs. 2 crore. Registering with the RBI involves the submission of an application by the company in the prescribed format along with necessary compulsory documents. If and when the bank is satisfied that the conditions are fulfilled, it issues a Certificate of Registration to the company. Once an NBFC holds a valid Certificate of Registration, it can hold public deposits. However, the NBFCs that accept public deposits should comply with the Non-Banking Financial Companies Acceptance of Public Deposits Directions, 1998, as issued by the Bank.

There are four different types of NBFCs, each having different functions:

Equipment leasing companies

Hire-purchase companies

Loan companies

Investment companies

Rules and regulations are part of every firm and deal. It is always important to read the fine print of any document before signing it. NBFCs have their own set of regulations. The following regulations are considered important to the depositor at the time of investment.

NBFCs are allowed to accept or renew public deposits for a minimum period of 12 months and a maximum period of 60 months. They cannot accept deposits repayable on demand.

NBFCs are not allowed to offer gifts/incentives or any other additional benefits to the depositors.

Deposits with NBFCs are not insured.

The repayment of deposits by NBFCs is not guaranteed by the RBI.

Way To Succeed In Banking Profession

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There is always a demand for the banking job or investment-banking job. The reason is that investment banking is the most money making job. However, it takes time plus dedication to succeed. You must start with the entry-level job in banks.

Outline of the banking job positions:

Investment banking job is not the only banking position and there are various types in banking jobs. A bank teller occupies 67% of the banking positions. Understanding the job responsibility is the first step to succeed. Other job positions in the banks are:

Bank manager: The manager is the main person who operates the entire working of the bank. You as a manager must supervise the banks daily operations and must find out whether the employees are working as scheduled.

Financial advisors: As a financial advisor, you must recommend and give suggestions to the clients. This job is so important bearing great responsibility.

Accountants: If you have a good skill in accounts and if you are well qualified, you can go for this position. This job position is very important because the work performed by an accountant or by a group of accountants will be showed to the tax authorities, investors etc to fix the financial status of the bank.

Tips for success in banking job:

Banking career is one of the most anticipating fields. To succeed in this sector you must remember few factors as indicated below:

Keep exploring:
You must always be aware of the latest happenings in the business world. If you are aware of it then you will be able to increase revenue for your clients and bank. You are responsible to make sure that your customers are making a smart investment.

Fixing the fees:
As you are an investment banker, you must do some enquiry before deciding your fee. You must be sure that you get a good amount when compared with what you have invested in first place.

Networking in banks:
Like other fields, banking career also has become linked with networking. To recognize the related professionals, to attend the meetings or gatherings, anything is possible through networking.

Dedication towards your profession:
Without dedication, you cannot succeed in any fields. This is true particularly in banking jobs. You must devote all your time towards the bank service and to your clients. If you are working for investment banking, you possess additional responsibility because people enquire you about the means to spend their money.

Mba Banking & Finance A Degree That Works

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Ushering a practical approach to education that is in sync with the needs of the corporate world, Sikkim Manipal University Distance Education (SMU-DE) launches a new course; MBA in Banking & Finance. Open to employees from the banking or finance industry with a minimum of 3 years work experience, this 4 semester course is structured to nurture managers out of them.
The Banking & Finance industry has undergone a host of changes and the emphasis now lies on hiring trained professionals who can seamlessly integrate into the daily working of the bank. The challenge is to find out such trained professionals since the demand is lot more than supply. The Indian banking sector has been growing at a pace of 7% since the start of this decade. Growth forecasts predict that by the end of 2014, the Indian banking and finance industry will need a minimum of 1.7 million managerial people while the current available workforce is only around 1 million. A deficit of 0.7 million.
Keeping in view the lack of managerial talent, Sikkim Manipal University Distance Education offers this course to hone and deliver professionals who can fill in this gap. The SMU-DE MBA programme in Banking & Finance provides students a chance to upgrade their skill sets and make them potential managers of the future. Students will be trained and familiarized with the latest tools in banking, policies, products and culture so that they build an immediate applicable knowledge base. It is a chance for the employees to take their career to the next level. To assist students further is a strong faculty base of the largest network of industry practitioners who know banking and finance from ground up.
The entire curriculum has been created and endorsed by professionals from the industry. Since it involves working professionals the course has been structured to not hamper their daily work schedule. Making this possible and easy is the multi award winning learning system EduNxt which allows students to study according to their needs. This virtual learning platform is available for all MBA B&F students over the Internet. EduNxt allows students to access faculty mentors, industry experts, counseling, virtual classrooms, self-learning materials and over a million journals. Mock tests, videos, presentations and case studies are updated real time on this platform helping students to stay in sync with the industry. All this at ones own time and pace thereby providing students ample time to plan and schedule their studies.
Manipal Education (ME) has already tied up with ICICI Bank for ICICI Manipal Academy of Banking and Insurance (IMA) to train selected personnel from ICICI bank and make them industry ready. Presently around 3000 SMU-DE students/alumni are working for the best banks in the country like ICICI, HDFC, ING Vysya, Citi Bank and Deutsche Bank. The course consists of significant amount of corporate interactions and workshops have been planned all across India with top ranking banking officials.
Enrol today into SMU-DE to give your future the boost it deserves. Get a degree that really works in real world.
For more information just visit MBA in Banking and Finance or call 1800 266 7979 toll free.

Land Banking A Great Investment For Long Term Capital Growth

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Land banking, over the longer term, has shown better average gains than either shares or property, and with less downside risk, with an average UK growth of 920% in 20 years!

Once the preserve of rich, today, even smaller, in the know investors are taking advantage of this opportunity to make substantial capital gains.

Land Banking – What is it? Land banking simply involves the acquisition of land, which does not enjoy planning consent, in advance of expanding urbanization.

With the granting of planning consent, the price of an open space parcel, not yet subject to urban development pressures, normally rises in value.

Land Banking in the UK In 2004 alone, agricultural land in the UK appreciated in value between 16% and 30%, depending upon its geographical location.

In fact, over the past 20 years, the AVERAGE increase in UK Land has been a staggering 920%! In many instances, investors who have bought land in the right place at the right time have exceeded these average gains.

Not only has land risen in value dramatically, it has risen in a smoother upward path with less downside volatility than either stocks or property.

UK Demand Exceeding Supply The UK is one of the most densely populated countries in Europe and has a rising population driven by a huge influx of migrants from overseas.

Two facts will illustrate the potential of land banking in the UK:

There is a need for up to 3,500,000 new homes over the next 15 years, rising to 4,400,000 new homes over the next 20 years.

Over the last 30 years, the demand for new homes has increased by 30%. In the same period, house-building rates have dropped by over 50%.

Supply must catch up with demand, and buying land in the UK therefore offers investors a great opportunity to make substantial capital gains.

Location is the Key! Under developed land, such as Greenbelt, agricultural and forestry, is cheaper than land that currently enjoys planning consent. The way to make big capital gains in land banking, involves buying land in specific areas in the hope of future development.

Pre-planning purchase of green belt, agricultural and forestry land is nothing new. Astute investors have been doing it for years.

Investors simply need to study specific areas for the likelihood of future planning permission being granted, which will lead to an increase in the value of the plot purchased.

How to Make Big Land Banking Capital Gains Every developer knows that each town and city must grow outward, and the land most available is agricultural, greenbelt and forestry.

Land without planning permission which is subsequently included in a local authority’s unitary development plan (UDP), will potentially benefit from a significant increase in value.

With the granting of a change of use, a site’s value can increase substantially. However, the change of use category granted, i.e. residential, commercial recreational etc, will ultimately dictate the change in value of the plot.

Land Banking Risks Any investor considering land banking needs to give careful consideration to site selection, and purchase sites which are within the path of progress and future urbanization, but also have a high probability of future development.

Land Banking is a long-term investment, as resale durations and amounts are variable.

Taking Advantage of the Land Banking Opportunity There are many specialist companies catering for international investors wishing to own UK land. An investment in land can be cheap, as many developers buy plots, divide them, and sell them in smaller parcels.