Check out your CDs carefully to ascertain safe investment

It is important to ensure that your investment is in safe hands, if your objective is to save your capital. The investors are often found to invest in a CD or Certificates of Deposits, with a bank that offers a higher rate of interest in comparison to a regular savings account. As an investor purchases a CD, a certain sum of money for a particular period of time gets invested with the bank. The investor then receives a periodic payment of interests on his invested amount. Post maturity, the investor can withdraw his deposit amount along with the interest that it has already accrued. But, if he goes for early withdrawal, a certain percentage of the interest gets deducted as an ‘early withdrawal penalty’.

Apart from the banks, the brokerage firms or the deposit brokers also offer CDs, nowadays. The investor stands to receive a pretty higher rate of interest from these brokerage firms. There are wide arrays of CDs to choose from and it is important to understand the whole of the terms and conditions before indulging completely in the CDs. The issuer needs to be identified if you are going for a brokered CD, the maturity date of the CD is also important. If it is a callable CD, you need to access the call features with great concentration as well. These are simple and obvious factors that are oft ignored or overlooked.

Written by srini on August 22nd, 2009 with no comments.
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The Status Application is important if you wish to avoid immigration hassles

This is particularly important for the religious workers. The U.S. Citizenship and Immigration Services (USCIS) has called for the special immigrant religious workers who are still awaiting their petition for Amerasian, widow(er), of Special Immigrant, in accordance with the Form I-360. Their filing for the application with regard to permanent residence of Adjustment in Status is required to complete all the formalities within the 31^st of August, 2009 through Form I-485.

This is a serious reminder issued by USCIS due to the content of the publication that came under the U.S. Department of State. One can refer to the September 2009 Visa Bulletin, where it is stated that the visas for employment with regard to the fourth preference category will no longer be available from the 1^st of September, 2009. The special immigrant religious workers come under its purview. A suitably filed Form I-485 that is based on either the pending or approved Form I-360 seeks the classification of the special religious immigrant workers into the following categories: minister (SD-1), non-minister (SR-1), or I-485 applications that are in concurrence with the I-360 petitions, within the specified date.

Those immigrant religious workers who do not fall under the purview of the September 30, 2009 sunset date and who fail to file their applications before the August 31^st, 2009, need to wait for the fourth preference in order to seek an adjustment of their status.

Written by srini on August 22nd, 2009 with no comments.
Read more articles on Immigration News.