What is a salary account and what are its main advantages?
A salary account is one of the types of accounts available to those who are salaried. The employer explicitly uses this account to credit the employee’s salary to the employee’s bank account. Employers utilize these accounts to distribute reimbursements, bonuses, perks, and other forms of cash compensation in addition to the employee’s normal paycheck. A […]
The Emirates Skywards Credit Cards: 5 Things to Know
The incentives from the Emirates Skywards credit cards won’t be enough to pay for a one-way vacation in one of the airline’s coveted first-class suites, but they’ll at least get you halfway there. Also, you’ll receive Emirates elite status for the first year, which you may keep provided you meet a minimum spending requirement each […]
Different types of Depository and Examples
When anything is placed for storage or protection, it is referred to as being in a depository. A depository is also an establishment that accepts customer money deposits, like a bank or savings association. Any company, bank, or institution that holds securities and supports the trading of securities is considered a depository. When money is […]
The best credit cards for airport lounges
What credit cards are best for entry to airport lounges? Although the American Express Platinum Card® is our top pick, there are many more options that will allow you to book a nice seat and a glass of champagne in between flights. The long wait times at crowded airports can be very taxing if you […]
What is the difference between APY and APR?
When the terms annual percentage yield APY and APR are thrown around, it’s easy to become perplexed. You’ve probably come across these acronyms while opening new financial accounts or reviewing the terms of existing ones, but what do they all mean? What is the distinction between APY and APR? In its most basic form, APY […]