The E-Loan Savings Account

E-Loan’s online savings account is worth taking a look. A visit to the E-Loan’s savings website can provide you will all the details in this regard. It is a no-frills offer, which is combined with a competitive rate. The Annual Percentage Yield is considered to be one of the best with respect to the online savings account. There are no fees charged on the balances of this bank. The investor is provided with an externally linked account through which he is able to get access to his money or deposited amount. Given below are a few vital aspects of the E-Loan savings account:

• The investor requires a minimum deposit of $5000 in order to open an account and after it gets opened the balance can become lower than that, if required.
• The investor is allowed a maximum of six withdrawals every calendar month.
• The deposit is offered FDIC coverage for any amount up to $100,000.
• There are no deposits that are allowed through mails.
• The interest that is earned can get compounded on a regular basis.

Apart from these advantages, the investor is required to be wary of certain factors that will secure his savings in the long run. The flexibility factor is quite limited out here. As the transfer of money from the accounts is limited, you might not be able to debit your insurance from your existing account.

Written by srini on September 18th, 2009 with no comments.
Read more articles on Saving & Investing.

All immigrants are now required to go through E-Verification

From the second week of September 2009, all the immigrants working in the USA are required to follow the specifications of E-Verify. This electronic system is administered by the US Department of Homeland Security. It has been made mandatory for all federal government contractors to check the eligibility of the immigrant employee through this screening mechanism. All the newly-hired immigrant employees along with the current ones are subject to this rule and the companies that have attained a new contract, are required to enroll in E-Verify within a month of the stipulated contract award date.

The newly-hired immigrant employees are required to present their information in the Employment Eligibility Verification Form or the Form I-9. This is then keyed in to the E-Verify Website. Here, this information is run against the DHS and SSA databases. If a match is found with regard to these databases, the said immigrant is declared eligible to work in the United States. If the information keyed in is not found to be in alignment with the databases, the employee is allowed to get in touch with the federal agency in order to counter the mismatch and present the required verification data. There are ample scopes for improvement in the manner in which these databases work. The USCIS reveals that there are around 550,000 worksites to aid over 145,000 employers in this E-Verify Program.

Written by srini on September 18th, 2009 with no comments.
Read more articles on Immigration News.