Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Savings Account- for your Best Interest

By Tyler Subscribe to RSS | February 7th 2012 | Views:

Do you have a chunk of money, which you cannot put into any long term or short term investment schemes, yet cannot understand the need to simply stock them up in your house or in the bank safe? Then why not consider debiting them into your bank account. When we are talking about the money, which you will not be expending soon, it is always better to put the amount into a saving account, rather than a chequing account. The reason is that in a chequing account you will not fetch you any interest, however good your account balance could be; on the other hand, a savings account will give you an interest rate and your money is not just loitering in your account, you are actually going to gain profit on the sum, which you otherwise have no immediate requirement of.

Even though the interest rates may not be as good as investing in the stocks or bonds, you should know that saving account is only for your emergency purposes, not to be considered as a mode of investment. In case of emergencies, you cannot break your bonds or withdraw money from stock as a piece of cake. Even if it were to take less than a day, what if your need arises during the weekend or during the midnight? Where are you going to convert your bonds and how can you liquefy your stocks? Now, you cannot predict the future, but only be ready for the unexpected. So, your savings account acts like a tool to make amends in your time of need.

Having said that, there is no harm in keeping your money in an account, which offers the maximum savings account interest and provides good online services as well. Also, you need to ensure that the savings and chequing account are properly linked or paired, such that you can make easy transfers within the accounts. Hence, even lookout for good online banking system. Your bank must have a good transparent statement generation; or else it becomes difficult to understand how much saving account interest you are gaining from time to time. These days, e-statements have been enabled for all online banking systems, so that you can keep a record of all the transactions happening through your account, including the interest. If you have any doubts regarding the interest you gained, you can always take the help of online saving account interest calculators to do your own math. These tools are programmed according to the way the regional savings account interest works.

Apart from the interest debiting, you need to make sure that your saving account is free from any annual fee. There are some banks that draw a small amount from your savings account as a fee and you would not even know the difference in the balance. However, you need not have to fall prey to such tactics anymore. When you approach the bank, clearly state your requirements for zero annual fee and good savings account interest; if you are not satisfied with what the bank has to offer you move to another one.

Tyler - About Author: is the best online source to know more about saving interest rates and interest rates banks, you just have to click on the link and get all the information about different interests.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Loans Articles Subscribe to RSS

Cheque loan: reliable Source of Money
Published by Malvin Flec on July 17th 2012 | Loans
Grab any amount of money using your cheque book as cheque loan is available in the loan market for y...
No faxing payday loan: Hurdle-Free Cash Assistance
Published by Albann James on June 4th 2012 | Loans
If you are not able to meet any documentation process, no faxing payday loan would really suit to yo...
Business loan- Boon for the beginners Entrepreneurs
Published by Jacob Markus on March 12th 2012 | Loans
A business loan can be very much helpful for you to startup a new business. You can even expand your...
90 day loan no credit check- Perfect cash help for bad creditors
Published by Alesia Ace on April 3rd 2012 | Loans
If you want to fight any unexpected financial needs then you can now apply for 90 day loan no credit...
Get a payday loan- Borrow money and meet cash hurdles
Published by Ponting Sarad on June 8th 2012 | Loans
You can get a payday loan and acquire instant funds up to $1500. The funds are useful to meet cash h...
90 day loan- Unique financial help for US residents
Published by Thoms Stuart on May 25th 2012 | Loans
By availing quick cash through 90 day loan, it is possible for you to overcome financial emergencies...
Text loan: Patch up Urgencies with Comfort
Published by Deniz Jared on June 6th 2012 | Loans
If you need finance at once, you can make your request for text loan to have some instant cash to pa...
Fast payout loans-Quick loan service for your needs
Published by Onner Smith on December 6th 2011 | Loans
If you just want to eradicate urgency then it is better for you to avail fast payout loans. This loa...
Monthly payday loans- Unique form of loan for all
Published by John Simen on June 4th 2012 | Loans
If you have fiscal woes then you can now easily avail monthly payday loans without any hassle. Thus,...
2000 dollar loan- Wonderful financial solution for borrowers
Published by Kelin Smith on June 22nd 2012 | Loans
By getting quick funds through 2000 dollar loan, you will be able to manage short-term financial nee...
A contraction in UK bank lending for the first time since 2009
Published by John Harry on March 3rd 2012 | Finance
The contraction in the UK bank lending is for the first time since 2009 while increasing numbers of ...
6 month loan: Get into a Loan Support over a Period of 6 Months
Published by Daren Rely on May 22nd 2012 | Loans
6 month loan is the advance type of cash support for all UK based populace who are not able to deal ...
90 day loan- Reliable and perfect choice of financial help for everyone
Published by Thoms Stuart on June 22nd 2012 | Loans
By acquiring quick cash with the aid of 90 day loan, you will get instant funds up to $1500. This is...
Fast cash loan today- Cash advance available with 24 hours loan service
Published by Thoms Stuart on July 17th 2012 | Loans
In order to avoid any kind of financial trauma, it is better for you to avail fast cash loan today. ...
Online fast cash loan bad credit - an ideal choice of financial assistance
Published by Thoms Stuart on June 4th 2012 | Loans
It is now easy for you to obtain quick funds through online fast cash loan bad credit scheme availab...
Debit Card Loans- Ideal choice of loan to fight cash emergencies
Published by Kelvin Lopez on June 29th 2012 | Loans
If you are taking quick funds via Debit Card Loans, you can instantly relieve unexpected fiscal worr...
Instant loan today- Get money and repay loan on the next payday!
Published by Aldenn James on November 29th 2011 | Loans
If you want instant money then you need to apply instant loan today available online. This is a grea...
Dollar payday loans - Suitable loan service available online
Published by Kelin Smith on July 25th 2012 | Loans
By availing quick cash via dollar payday loans, you can utilize money for unexpected financial needs...
No teletrack loans-Easy loan with quick approval
Published by Johnty Bert on December 10th 2011 | Loans
Now, you can get easy loan through no teletrack loans whenever you are in need of additional finance...
1000 cash loan- Grab quick cash and remove cash crisis now!
Published by Morgan Sadyu on May 4th 2012 | Loans
With the aid of 1000 cash loan, it is possible for you to borrow quick cash to meet unexpected finan...