Fintech is a word you will probably be hearing a lot these days. Especially if you are consuming any …
What is an ISA? (Individual Savings Account)
An Individual Savings Account, or ISA, is a type of saving or investment account that allows people to save or invest…
What is Open Banking?
Open Banking refers to the idea of giving consumers more control of their financial data. This primarily takes the …
What Is An Investment?
An investment is something that one buys, in the hope that that item will bring a financial return. That financial return would…
What Is The Record Date?
The record date is normally one day after the ex-dividend date. It is set by the company that pays …
What Is Ex-Dividend Date?
The ex-dividend date is a term that is related to the payment of dividends. It can also be referred …
What Is A Limit Order?
You are likely to encounter the term limit order when selling or buying stocks through a brokerage app. When …
What Are Savings Accounts?
A savings account is almost like any bank account. The difference is that the bank pays interest on the …
What is a Dividend?
A dividend is a cash amount paid out to an owner of a share in a company. Companies sell …
What Are Stocks?
Stocks, also known as shares and equity, are units of a company. Imagine a pie being divided into a …
What Is Compound Interest?
Compound interest is interest on the interest of the initial borrowed or deposited amount. Confusing gibberish, right? For example: …
What is an IBAN?
IBAN stands for International Bank Account Number. Its length and structure has been internationally agreed, and revised several times …
What Is Interbank Rate?
Also known as Market Rate, Mid-Market Rate & Spot Rate If you have ever checked the current exchange rate …