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Saving May 21, 2025
How is Interest on Savings Account Taxed?
Everyone maintains a savings account for safety, convenience, and liquidity, on which you earn a small percentage of interest. But did you know that the interest on savings account is taxable? Understanding how the interest on savings account is taxed helps you plan your finances better. Don’t worry, it’s not as complicated as it sounds. … How is Interest on Savings Account Taxed?
Saving May 19, 2025
Top 10 Tips for First Time Investors
Investing is no longer scary, it is easy if you learn and understand it. Today, more and more women are stepping up to take charge of their finances, and it’s empowering! If you’re new to investing, don’t worry. You don’t need to be a math genius or a finance expert to start. All you need … Top 10 Tips for First Time Investors
Insurance May 17, 2025
What is Endowment Insurance Policy, Its Meaning and Types?
Let’s begin with the endowment plan meaning. An endowment plan is a type of life insurance policy that also includes a savings component. In simple terms: So, the endowment plan meaning lies in its dual nature — a mix of insurance and saving. However, at Lxme, we believe that insurance and investment should ideally be … What is Endowment Insurance Policy, Its Meaning and Types?