Companies deposit with higher rates a tool for investors

Banks are reducing their deposit rates in view of cutting down their lending rates. On the other hand companies are offering attractive interest rates on their deposits thus it is becoming a good investing option for the people.

Some of the big companies are offering around 12% rate of interest for a one-year deposit and 12.5% for a three-year term. While small time financial advisory companies are claiming that they are getting many queries on these deposits these days. On the other hand seasoned investment advisors, are advising investors to be careful, as they might be taking unnecessary risk to get higher returns from these deposits.

"We are getting a lot of queries about fixed deposits (FDs), including company deposits. Our clients are interested in assured returns, as they have lost money in equity mutual funds," says an official with an investment advisory firm. "But not many people are coming forward to make investments as they are not sure about the safety of their capital. They have heard old stories about company duping their parents or relatives," he adds.

That is exactly the point Kartik Jhaveri, director, Transcend Consulting, makes. "Companies are coming out with deposit programme, but it is not as if they have crowded the market with their offerings and people are jumping to make investments. As far as we are concerned, we are very clear that the safety of capital is the most important thing you should consider while opting for an FD. We don't compromise on that," he says.

According to Amar Pandit, certified financial planer, My Financial Advisor, "We are not comfortable with some company FDs. There is the question of corporate governance and quality of balance sheet. That is why these companies are offering a little more interest than the bank deposits". "In fact, they are compensating with a higher interest rate for the higher risk you are taking."

Then what advice they give to their clients? After all, even they might be interested in earning some extra interest? Amar Pandit explains, "We don't look at company FDs if they are not from trusted brands like Tata or HDFC. We tell our clients they are better off earning 10-10.5% in a safer place than taking extra risk for 12%". "We are also slightly sceptical of the real estate sector because of the corporate governance and transparency issues. We have even stayed away from fixed maturity plans which invested in the real estate papers."

Transcend's Jhaveri is also of view that investors should always go for highly-rated issues with good derivation to ensure their money is in safe hands, minimizing risks.

Trademark Offenders Put on Legal Notice

An electronic notice was sent to various persons and organizations encouraging their compliance with federal trademark laws. A list of those persons and companies will be published shortly. If they do not comply, public and private criminal complaints will be filed, and other legal action will be commenced to force their compliance with federal laws.

Investigation of NAAS Mailbox Impersonation

To:
Mail Box Clerk of CrossRoads Station,
6210 N JONES BLVD, LAS VEGAS, NV 89130-4001


Subject: Mail-box Impersonation by unknown persons falsely assigning responsibility to box NAAS Mailbox

Possible Persons of Interest: All Nevada-based natural persons associated with Northwest Association of Accredited Schools, SPM Resorts, Inc., Meridian Financial Services

Dear Mail Clerk, and to Consumer Affairs of the United States Postal Service, etc., et al.

¶It has been brought to our attention by various residents in and around Nye County, Nevada, Clark County, and other locations that persons may be impersonating the use of the official NAAS-USA Fund mail box without the express written consent of NAAS-USA Fund. Specifically, we are receiving mail correspondence from random persons that claim to have originated from the NAAS Mail Box 750356. These letters claim to be harassing to the recipients, and are harassing to the actual box holders. In fact, one hand-written suspicious letter from Gary G. Wakefield, 1850 Isaac St., Apt. C, Pahrump, NV 89060, claims he has been in contact with U.S. Postal Inspectors and that he has blamed the “occupants” of Box 750356 despite the fact that mail-box impersonation is apparently quite easy.

¶We suspect some of these persons are acting on behalf of certain persons named in NAAS Media for the precise purpose of chilling free-speech. These mail pieces coincided with the publication of unflattering NAAS Media reports about Northwest Association of Accredited Schools, and SPM Resorts, Meridian Financial Services, and all these companies have used their employees or attorneys to access the NAAS.ORG website. These persons all have ties to the same area where these letters appear to have originated from. Also, we have electronic evidence that verifies certain facts about the suspect(s).

¶PLEASE NOTE: Improperly addressed correspondence to NAAS-USA Fund will be discarded per NAAS EAS/N2 Rules. Box holder is not responsible for any correspondence other than its own. NAAS-USA Fund, does not, has not, and has no reason to engage in any act(s) that resemble the act(s) descibed by Wakefield or other person(s).

¶A complete version of this letter will be posted on the NAAS Blog, along with U.S. Postal phone numbers. We encourage any person with accurate information about the identity of the persons to contact your office.

cc:
Dee Dee Terrano
Finance Mgr. Ginnie Beck
Manager of Consumer Affairs
1001 East Sunset Rd., Rm #1015
Las Vegas NV 89199-9655
Ph# 702-361-9419

P.S. Anyone with information that can help identify the suspects should contact NAAS Publishers
by completing NAAS EAS/N2 Form GEC 001.

NAAS Beta Awards

This post will be updated. Due to the the severe economic crisis affecting many of our affilates, and vendors, we would to emphasize again the distinction between Beta awards and standard awards. Beta awards may not yield immediate monetary value after the competition period. We retain information for 2 years at least, and sponors may or may or may not contact re-contact potential contestants.

We prefer that persons submit online free applications

NAAS Malibox Impersonation Scam

Dear
United States Postal Service
CrossRoads Station
Attn: Management
6210 N JONES BLVD
LAS VEGAS, NV 89130-4001

Dear sir:
Thank you for your hand-written letter. According to your letter, you want us to believe that someone is misusing our mailing address as their own. Ok. Ok. we believe you, for now. Is this really surprising?? Think about it. We have the most accurate, most biting NEWS reports on the Internet. Our latest presentation deals with scams and crimes related to Northwest Association of Accredited Schools. They have offices in Las Vegas, Nevada. It seems kind of curious you wrote your later at about the same time we have been publicly profiling this organization and its sub-groups.

Whomever sent you the letter(s) certainly did not use their own address. Duh??? I suggest, you take some DNA samples, and run the letters through the database, and match the times where that person(s) was.

Why would any person associated with NAAS be sending you anything?? Our investigation reveals that you are not qualified or eligible for any NAAS Award(s). It is obvious that we are rather too busy to be engaging in the sort of non-sense that you describe. Nonetheless, we appreciate your correspondence. It simply re-confirms that someone apparently thought enough about the effectiveness and reach of NAAS products and services as to impersonate our mailing address and sucker other people into believing that the letter came from an NAAS agent.

Since National Academy of American Scholars (NAAS) cannot be touched with respect to our superior service, products, and conformance with the federal and state laws, the only route left for desperate persons profiled in our media reports is to bribe, influence, trick, or convince the U.S. Postal Service, and one or more of its crooked employees, to engage in deceit, violation of the federal laws, and violations of U.S. Civil rights.

This is an example as to why we do not promote or solicit correspondence via the U.S. mail.

Your letter seems rather phony. Are you really a U.S. Postal Inspector?? Is so, do you have anything better to do with your time?? Can you provide to us the name of your U.S. employer, or the Postal Inspector you spoke with?

As you know, anyone can use your mailing address in Pahrump, NV and make the exact claims. Why is your claim more legitimate than ours, or anyone else??

Editors note: Has anyone been receiving similar letters claiming
to have received letters from a NAAS mailing address??

NAAS Accreditation Scams Video

NAAS-NEWS has published a video report that pertains to Trademark and Accreditation scams. For the record, the mark 'NAAS' and its logo are registered with the United States Patent and Trademark Office.

This video officially disclaims association with Northwest AssociatIon of Accredited Schools (and their sub-groups); Association of Washington School Principals; Medford School District 549C; National Association of Academies of Science.

The American Academy, LLC, the Idaho Virtual Academy, and several purported online schools associated with Northwest Association of Accredited Schools HAVE NOT been accredited by the official and legitimate NAAS. For a listing organizations and their sub-groups that imply approval, accreditation, or affiliation with the official National Academy of American Scholars (NAAS), please refer to our NAAS Imposter reports, and the report entitled Investigation of Northwest AssociatIon of Accredited Schools.

The mark NAAS is registered with the U.S. Patent and Trademark Office, as well as the official NAAS logo. Both have achieved incontestable status. Unauthorized use of these marks are illegal. Reference U.S. Trademark Registration Number R/N# 2,334,969.