Welcome to Saving Accounts Guide
Best Savings Account Rates Article
This is a selection made from among articles on Best Savings Account Rates. For a permanent link to this article, or to bookmark it for future reading, click here.
How to compare savings accounts
from:
Are you planning to save money? The easiest to do so is by opening a savings account in a bank. A savings account is the most popular type of bank account currently available. A big portion of a bank’s business is made up of savings account.
But with the many banks out here, choosing where to open can cause confusion. Different banks offer different types of savings accounts. Thee savings accounts often offer different features. Some features are actually useful whiles some are not really practical.
If you are planning to open a savings account but is confused at the different features then read on. This guide is designed to help you choose the right savings account.
Savings and Interest
The first thing that you should look for in a savings account is the interest rate. This is the most important feature of the savings account since it will determine how much your money will earn in a certain amount of time. The interest is often indicated in the bank statement give n each month. Here you will see the interest paid to your account by the bank. This means that on top of the money you deposited, you have additional money on your account. The amount that your money will earn depends on the interest rate. Of course, the higher the interest rate, the higher will be the additional amount to your money.
Account Transfers
Account transfer is one of the more useful features of a bank savings account and is also something that you should look for. This feature allows you to transfer some or all of your money to another bank account without withdrawing money. This feature offers convenience for you since you do not have to take out your money and deposit it again to another account. This is very useful if you have more than one savings account and you want to transfer money from one of your accounts to another.
Chequing Account Link
A link to a chequing account is another common and useful feature of a savings account. This account is particularly useful for preventing overdrafts. For example, If you have a written a cheque with insufficient balance then your chequing account can cover it. Te amount is taken from your savings account and the cheque that you issued will not bounce. This feature can save you a lot of potential embarrassment. Chequing link often has an additional overdraft fee and other fees.
Online Account Access
This is a very useful feature offered by most savings bank. This allows you to access your savings account with the use of the Internet. The online transaction is done over secure connection which means that you need not worry about your money. You can perform basically functions you can do over the counter or an ATM over the Internet such as check your balance, transfer money, and other tasks. What you cannot do of course is deposit and withdraw money.
What this feature offers is convenience. A lot of time will be save d from not going to the bank yourself. This will definitely free up your time for other more worthwhile activities. And you can do most bank transactions in the comfort of you own home or even while you are at work. Online features though tend to differ from bank to bank.
 |
 |
Warning: file(http://www.searchfeed.com/rd/feed/TextFeed.jsp?trackID=K424758685&pID=45097&cat=best+savings+account+rates&nl=5&page=1&excID=) [function.file]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found
in /home/savingac/public_html/datas/searchfeed.php on line 8
Best Savings Account Rates Specific links
Best Savings Account Rates News
Rates status quo rocks savings returns
The era of unusually high interest rates on savings accounts might be over thanks to an RBA decision.
Read more...Bank of Baroda tops best-buy savings tables
Bank of Baroda, a little-known Indian bank, is topping the savings best-buy tables with fixed rates of up to 4.9% Most Brits have probably never heard of it, but Bank of Baroda has this week set its sights on becoming a leading player in the UK savings market. The bank, India's third-largest with 36 million customers across the globe, has launched a range of best-buy fixed-rate savings accounts ...
Read more...Metro Bank rates 'won't trouble best-buy tables'
Financial experts underwhelmed by a lack of introductory offers and products which can usually be beaten by shopping around "The British banking revolution begins today," claimed Metro Bank. But many experts were underwhelmed by its first set of products and the lack of introductory offers. "The rates generally aren't going to trouble any best-buy tables," said David Black at financial research ...
Read more...David Prosser: Bank customers want the best service, not the highest interest rates
Outlook The launch of Metro Bank looks set to be a fascinating case study for the financial services industry. Its founders promise 200 branches in and around London, very high levels of customer service, but not particularly competitive rates of interest.
Read more...Getting on right lines with your investment
Tracking an index or rate makes finance easier to understand. Trackers apply to both loans and savings and are offered by an increasing number of providers but they do have their limitations. (30/07/2010 19:59:01)
Read more...