Dave Carter - ACESET SECURITIES

APY vs APR: The Ultimate Guide to What Bank Interest Rates Really Mean (With Examples)

When people compare bank products, one of the most common questions is APY vs APR. These two terms—Annual Percentage Yield (APY) and Annual Percentage Rate (APR)—look similar but mean very different things. APY is used to describe how much you earn on deposits, while APR explains how much you pay on loans. Understanding APY vs […]

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FDIC vs SIPC: What’s Protected and What’s Not?

Learn / Dave Carter

When people think about safeguarding their money, two acronyms often come up: FDIC and SIPC. Understanding FDIC vs SIPC is crucial because these protections cover very different types of financial accounts. FDIC insurance protects traditional bank deposits, while SIPC coverage applies to brokerage accounts. Knowing the differences helps you avoid costly misunderstandings and ensures your

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How Banks Store Money Safely (And Why Your Deposits Stay Secure)

Learn / Dave Carter

When you deposit cash into a bank account, you may picture it locked away in a vault waiting for you to withdraw it. In reality, the process is far more sophisticated. Understanding how banks store money reveals the systems, regulations, and safeguards that ensure your deposits remain secure while also fueling the broader economy. This

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FDIC Insurance Coverage: How It Works & Is Your Money Safe?

Learn / Dave Carter

When you deposit money into a bank, you want to know it’s safe. That’s where FDIC insurance coverage comes in. This government-backed protection ensures that even if your bank fails, your deposits remain secure up to certain limits. Understanding how FDIC insurance works, what it covers, and how to maximize your protection is essential for

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How Insurance Premiums Are Calculated: Risk, Age, and Coverage Explained

Learn / Dave Carter

Insurance premiums often feel like a mystery. You pay a certain amount each month or year, but how exactly did the company decide on that figure? The truth is, premiums are not random—they’re carefully calculated based on a mix of risk, age, coverage, and other personal factors. Understanding how premiums are determined can help you

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