Univest Bank can be an amazing savings option

Univest Bank is not popularly considered as a front-liner online bank. But, the investor can well be surprised to discover a wide array of personal and business banking options. The high yield account services require a special mention. The savings account of Univest Bank is termed ‘Univest Anytime Online Savings’. The APY offered is 1.5%. Now, it can be readily agreed that with regard to an online savings account, this is fairly attractive offer. An investor can open an online savings account wit as little as a single dollar! There are no minimum deposit amount mentioned and there is no monthly service fees charged either. But, sadly, there are no IRA options.

The ATM card offered at Univest is also free and one can use it at the counters of the other bank’s ATM counters as well, free of charge. Through this online savings account, you can go for free fund transfers and phone banking, to name a few of the opportunities. The usual savings customers can convert to online savings account without having to pay any charge. There is another interesting aspect with regard to this bank. The investor is set to receive Rewards Checking services that enable him to acquire interest yields that are dependent upon the amount deposited. Further, being insured under the FDIC, the bank offers good security and returns for your deposits.

Written by srini on September 6th, 2009 with no comments.
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Jeong Kim – A millionaire from a dedicated nuclear submarine

Jeong Kim had sold his telecommunications company in 1998, when he was just 37 for a whopping amount of $1.1 billion. His story of becoming a millionaire is a classic rags to riches one. Being an immigrant from South Korea, he was almost alien to the English language when he first arrived at the United States at the age of 14. He sustained himself with the help of several jobs which included a night shift at the 7-Eleven stores when he stayed at the basement of his math teacher. He was 16 at that time.

Then, with the help of some financial aid, he attended the Johns Hopkins University to acquire his engineering degree. After completing his graduation, Kim decided to join the Navy as he felt that he had some ‘obligation towards the society’. For seven years, he served at a nuclear submarine and inculcated the attributes of leadership, teamwork and integrity.

As Kim says today, he had inculcated his business philosophy from this part of his life – to say less and do more. In 1992, Kim started off as a consultant and acquired $75,000 that formed his capital when he performed a nuclear safety assessment. Then, he made a formal introduction of his technology and started to sell his switches to AT&R, Verizon amongst others. His company is called Yurie Systems. He also got involved in the optical networking business.

Written by srini on September 6th, 2009 with no comments.
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