- Logix Haiku
We are not a bank
Let’s face it: nobody likes to pay a fee. At Logix, we’re especially keen on limiting fees to our members, and this 2015 independent study by Consumer Reports indicates that our members think we’re doing a great job of keeping fees low.
Well it’s that time of year again—when you need to think about holiday gifts.
In my Finance 101 class, my teacher taught us about the time value of money, also known as “present discounted value.” The general concept is this: the money in your change jar is worth more today than it will be tomorrow because it has opportunity to earn that extra day of interest. The time value of money is, for example, why the government loves sending you a tax refund. They know that you’ve loaned them free money each month, so any interest they gained could have been yours.
Welcome to Your SMARTLAB
It’s no oxidant when Smarter Banking and SmartLab bond together! Grab a lab coat and get ready to mix it up with articles that answer your financial quandaries. Visit frequently or periodically, but while you're at it, feel free to share your reactions in the comments section at the bottom of every post. We’re positive you’ll make yourself right atom. Ok, that last one was a stretch.