Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
“`html Understanding the Federal Funds Rate The federal funds rate is a key interest rate set by the Federal Open Market Committee (FOMC) within the Federal Reserve. This rate is used by commercial banks when lending to each other overnight.…
“`html Understanding Loan Term Lengths Choosing the right loan term can significantly impact your monthly payments and the total cost of your loan. At O1ne Mortgage, we are here to help you navigate these decisions. Call us at 213-732-3074 for…
“`html Maximizing Your Savings with Certificates of Deposit (CDs) A certificate of deposit (CD) can offer a higher interest rate than a savings account and be a safe place to keep your short- to medium-term savings. However, while opening a…
“`html Understanding CDs and Bonds: Which is Right for You? Looking for a relatively safe place to stash some extra cash and earn interest too? Certificates of deposit (CDs) and bonds could be the answer. Both are low-risk ways to…
“`html How Do Money Market Accounts Work? Money market accounts are interest-yielding bank accounts known for their liquidity. They provide easy access to your money while your balance earns interest in the background—sort of like a checking and savings account…
“`html Understanding the Impact of Extending Your Loan Term Extending your loan term can provide more time to pay off a debt or reduce your monthly payment. However, it’s not always an option and can result in higher interest payments…
“`html Can You Lose Money in a Money Market Account? Money market accounts are generally considered safe, low-risk investments. They function similarly to savings accounts but often come with a debit card or checkbook for easier access to your funds.…
“`html Understanding Money Market Accounts Money market accounts are unique deposit accounts that combine features of both savings and checking accounts. They offer the attractive interest rates of high-yield savings accounts while providing easier access to your funds, similar to…
“`html What Happened to CDs in 2023 Interest rates on certificates of deposit (CDs) have been on the rise for several years. That’s been good news for investors, but high yields on CDs are expected to end in 2024. That…
“`html How Tiered Savings Accounts Work With a tiered savings account, your interest rate increases as your balance grows. This can help your money grow faster, especially if you have a substantial amount saved. These accounts are ideal for emergency…
