Gone are the days when you had to make a trip to the bank to open a savings account. Now there are lots of online banks to choose from, and you can open an account with them from the comfort of your own home. Since they do business exclusively online and have no branch locations, they have low overhead and can offer very competitive interest rates and low fees.
That’s not to say that there are no disadvantages. If you go with an online bank, the chances of finding a current customer to talk to about his experiences, and whether... Articles Tagged ‘online savings’
Finding the Best Online Savings Account
Gone are the days when you had to make a trip to the bank to open a savings account. Now there are lots of online banks to choose from, and you can open an account with them from the comfort of your own home. Since they do business exclusively online and have no branch locations, they have low overhead and can offer very competitive interest rates and low fees.
That’s not to say that there are no disadvantages. If you go with an online bank, the chances of finding a current customer to talk to about his experiences, and whether...
Thursday, July 28th, 2011
Gone are the days when you had to make a trip to the bank to open a savings account. Now there are lots of online banks to choose from, and you can open an account with them from the comfort of your own home. Since they do business exclusively online and have no branch locations, they have low overhead and can offer very competitive interest rates and low fees.
That’s not to say that there are no disadvantages. If you go with an online bank, the chances of finding a current customer to talk to about his experiences, and whether... How an Upcoming Inflationary Period Can Affect You
The concept of inflation is pretty simple. It is defined as a general rise in prices in an economy over a given amount of time. There is some debate about the causes of inflation, but its effects on consumers are clear. It reduces the value of currency, which means that the same amount of money buys us a lower amount of goods and services than it did before.
The rate of inflation varies from year to year. Monetary authorities strive to keep inflation low and steady, but sometimes it rises due to circumstances beyond their control. Fortunately, rising inflation rates...
Tuesday, May 24th, 2011
The concept of inflation is pretty simple. It is defined as a general rise in prices in an economy over a given amount of time. There is some debate about the causes of inflation, but its effects on consumers are clear. It reduces the value of currency, which means that the same amount of money buys us a lower amount of goods and services than it did before.
The rate of inflation varies from year to year. Monetary authorities strive to keep inflation low and steady, but sometimes it rises due to circumstances beyond their control. Fortunately, rising inflation rates... How to Find the Best Savings Account
The first financial service that most people have direct experience with is a savings account. Perhaps you had your own savings account before you were old enough to understand what it was.
Even today, in our complex financial world, savings accounts can still serve a vital role in many individuals’ financial planning. Savings accounts are where we store money for significant purchases and investments (such as a down payment for a home), college expenses for our children, or simply as our emergency or rainy day fund. And unlike our mutual funds, stocks, homes or other investments, with...
Thursday, February 3rd, 2011
The first financial service that most people have direct experience with is a savings account. Perhaps you had your own savings account before you were old enough to understand what it was.
Even today, in our complex financial world, savings accounts can still serve a vital role in many individuals’ financial planning. Savings accounts are where we store money for significant purchases and investments (such as a down payment for a home), college expenses for our children, or simply as our emergency or rainy day fund. And unlike our mutual funds, stocks, homes or other investments, with... The Basics of Using an Online Only Bank
Many of us already have savings or checking accounts at banks that offer online services. With online banking through our local banks, we can check our balances online, transfer money between different accounts, and pay our bills. But did you know that there are some banks that only offer accounts online?
At first glance, you might wonder why someone would open a savings or checking account with a bank that they can’t actually visit in person. The answer is money. Because online banks do not maintain physical locations they can keep their costs very low, and...
Monday, September 27th, 2010
Many of us already have savings or checking accounts at banks that offer online services. With online banking through our local banks, we can check our balances online, transfer money between different accounts, and pay our bills. But did you know that there are some banks that only offer accounts online?
At first glance, you might wonder why someone would open a savings or checking account with a bank that they can’t actually visit in person. The answer is money. Because online banks do not maintain physical locations they can keep their costs very low, and... Where Should You Keep Your Savings?
Making your savings work for you is a cornerstone of your overall financial plan. When making the decision to save money, it is also good to have specific goals in mind. However, an important part of saving is almost always overlooked is where to keep the money so that it works for you. There are many different types of accounts that you can use to gain interest on your savings account and make your money work for you.
These days it is difficult to achieve even a 1% return on the money you keep in a bank. But the...
Tuesday, September 7th, 2010
Making your savings work for you is a cornerstone of your overall financial plan. When making the decision to save money, it is also good to have specific goals in mind. However, an important part of saving is almost always overlooked is where to keep the money so that it works for you. There are many different types of accounts that you can use to gain interest on your savings account and make your money work for you.
These days it is difficult to achieve even a 1% return on the money you keep in a bank. But the... 
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