Best Savings Accounts

[homekung]

Savings accounts are opened by individuals and maintained by banks, credit unions and other financial institutions. Savings accounts pay interest on money that is deposited in the account. However, the money held in the savings account cannot be spent directly, such as by writing a check. Savings accounts are mainly aimed at allowing account holders to set aside a portion of their liquid assets as a part of their savings strategy. Savings accounts that offer better interest rates to account holders are preferred, as they allow savings to accumulate faster. Therefore, people must compare the interest rates offered by various financial institutions to the find the best savings account offering the best rates

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[Geezer]

Saving accounts are still considered liquid assets, not just a place to deposit liquid assets.

Like Credit Cards, find the plan that fits you the best, don't just compare interest rates. Some banks charge you for deposits and withdrawals, checks, etc., if you rarely do that, it won't mean too much to you.

If you are a owner of many vending machines and go to the bank daily with lots of change to be counted and deposited, find a bank that offers those services for free. It will be worth a interest rate less than the top tier.

Same as Credit Cards, Mine has a higher interest rate than many, but I ALWAYS pay that bill in full every month and don't incur any interest at all. They do have some very nice benefits that are tossed in for free (if you pay your bill every month.)


Like PT Barnum said, "There is a sucker born every minute" just stay in school and learn how to not be a sucker.

[honeybunch26]

Piggy bank the best LOL

[fris3747]

Here in the Philippines, Banco De Oro (BDO) is the best bank (for me!) to open up an account. Asides from their low opening balance and maintaining balance, they can serve you as late as 6pm and even during weekends. FYI.