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There are a number of benefits of opening a student saving account. Student saving accounts often have very good interest rates and good introductory gifts. This is because banks want to get customers when that are young as they will often be loyal for life.
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Is it possible to get a loan on a students savings account?
Yes, most banks allow personal as well as auto loans on student savings account. You should check with your bank for more details on this.
What types of account can one apply for with Wells Fargo?
At Wells Fargo, one can apply for a business account, a checking account, a savings account or for the ones that are still in college or school there is an student account.
Where can one find comparisons of student saving accounts?
A person could find comparisons of student savings account by individually evaluating different student saving accounts from different banks. Banks such as Bank of America, Chase, and Capital One all offer student saving accounts. By exploring the websites of these banks a person could compare student savings accounts.
Student credit card?
A student credit card is designed for the use of University students and high school graduates. A student is qualified to apply for this credit card if he or she meets the bank's requirements. Most banks require students to open a savings account as part of the qualifications. Getting a student credit card is now easy with the collaboration of universities and credit card companies.
What would be the benefit of consolidating your private and federal student loans?
One benefit of consolidating your private and federal student loans is that it would lower your monthly payments. Another benefit of consolidating student loans is that the variable interest rate on the loan can be switched to a fixed interest rate.
Is an student ID required when opening a Bank of America Student Banking account?
yes
Put Away That Piggy Bank and Get Your Child Started in a Student Savings Account?
Many parents instill the value of money in their children early on in life. Most children learn the value of saving money through a piggy bank. While that is a good first step, opening a student savings account for your child will have many benefits. Opening a student savings account will help him or her better understand the concept of money and, in the process, prepare for the real world.While this is usually left to a parent's individual judgment, the best time to open a student savings account is in junior high school. By this time, a child has learned a little more about saving money from allowances, chores, newspaper routes, or financial gifts that they receive from grandparents and family members. These formative years is when the adolescent begins to learn the basic concepts of money.The benefits of a student savings account is that there aren't as many restrictions as found in a standard savings account. A standard savings account may require a minimum of $500 to start. In contrast, a student can start a savings account with any initial amount they wish and there is no pressure to keep a certain balance amount. In addition, a student savings account will accrue interest, teaching the child the importance of saving money and the concept of how money can grow.A student savings account can teach through real life experience. Putting away a small amount each day will yield a substantial bank account by the time they are ready for college, thus alleviating some of the financial burden of their parents. Most children can't wait for the day when they turn 18, signifying the end of his or her parents having to sign for their bank accounts.Opening a student savings account has many advantages. It teaches kids the importance of saving money in life, prepares them for their future, and overall gives them first hand experience in monetary concepts. Encouraging children early on in life to understand the importance of money management is the best preparation for the real world and he or she will thank their parents when they have a million dollars one day.
Is it possible to get a loan on a students savings account?
Yes, most banks allow personal as well as auto loans on student savings account. You should check with your bank for more details on this.
What types of account can one apply for with Wells Fargo?
At Wells Fargo, one can apply for a business account, a checking account, a savings account or for the ones that are still in college or school there is an student account.
How can i get my son a debit card He is due to leave for college soon.?
Student debit cards are provided for students with international facilities, when opening a savings account in most banks. This the surest and safest means to get a debit card. You must apply for it immediately.
What are the possible questions of socio economic status of the students?
is the student doing a part time work? what is the monthly/annual expenditure of the student? does he/she have a savings account /etc
Where can one find comparisons of student saving accounts?
A person could find comparisons of student savings account by individually evaluating different student saving accounts from different banks. Banks such as Bank of America, Chase, and Capital One all offer student saving accounts. By exploring the websites of these banks a person could compare student savings accounts.
How to change student savings account into genaral saving account?
Depending on which bank you use, this usually happens automatically. If not, you can always go inside the bank and talk to a personal banker. They can and WILL walk you through it...
What is student accountability?
i think a student account is when students has an account :D
What does ISA mean?
ISA is the abbreviation for 'Individual Savings Account'. It is an account in which you earn interest on the amount deposited, like a normal bank account, with the important difference that the interest is not taxed. This type of account was created by the government to encourage people to save more. There is a limit of £7,200 that can be invested in an ISA per year, to stop you dodging tax on all the interest on your savings. Only half (£3600) of this can be cash, the other half must be stocks and/or shares. Although ISA interest rates tend to be lower than normal high-interest saving account rates, the after-tax interest will be higher with the ISA if the saver is in a higher tax band. If you don't pay tax (earnings under the threshold or if you are a full-time student), then there is no benefit to an ISA over a normal savings account.
If you owe student loans and are unemployed can they take your savings?
In the US, the answer is no.
What is a good sentence for the word benefit?
my teacher gave the student the benefit of the dout.
