Banking
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Bank CDs vs. Brokered CDs: What’s the Difference and Which One Is Right for You?
Saving for the long term can feel overwhelming. There are so many options high-yield savings accounts, bonds, money market accounts, and certificates of deposit (CDs). If you’re thinking about opening …
Insurance
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What Is Written Premium? – Simple and Easy Explanation
Written premium is the amount an insurance company charges for a policy during a specific period, based on risk, coverage, and expected costs. Understanding Written Premium in Simple Terms If …
Banking & Credit
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What Is Zero Liability Protection? – Simple and Easy Explanation
Safeguard your finances with Bank of America’s Zero Liability Protection, a feature designed to protect you from unauthorized transactions on your cards. Zero Liability Protection is a guarantee offered by …
Taxes
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What Is Withholding? – Simple and Easy Explanation
Withholding, also known as “pay-as-you-earn” taxation, is the process where money is taken out of an employee’s paycheck by an employer and sent directly to the government. These withheld amounts …
