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Q: Why is it important to understand fees and restrictions before choosing a savings option?
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Related questions

Which plan or plans is knowing the withdrawal restrictions important?

both 529 plans as well as the coverdell education savings account


What plan or plans is knowing the withdrawal restrictions important?

both 529 plans as well as the coverdell education savings account


What factors would you take into account when choosing a savings account?

interest charges


Does sainsburys bank offer free savings accounts?

The savings accounts are free of charge, but there are balance requirements, depending on the type of savings account. There are also restrictions such as the number of withdrawals allowed each month.


How do you get really high interests savings accounts?

Save at an online bank like AIG. You can get >3% on savings there, but it comes with some restrictions that you won't have at a normal bank.


What are saving accounts for?

Savings account are aimed towards mobilising small savings from general public. There are certain restrictions regarding the number of withdrawals and the amount to be withdrawn in a particular time period.


How can I find a bank that has high interest savings accounts?

Your best bet is to look online. AIG Online has high rate savings accounts, but be advised that there are more restrictions compared to a brick-and-mortar bank.


When can you add or remove money from a savings account?

You can do it anytime. There are no restrictions as to when you can deposit or withdraw funds from your savings account. It is your account and your money and so you can use it anytime you want at your will and wish. The bank cannot and will not stop you from doing so.


What questions are important when enrolling in a college savings plan apex?

Provides savings for future college costs.


How do you get money for a savings bond?

By getting the money? I'm not really sure if I understand the question.


Can you use the same PIN for your savings and checking account?

Sure you can. There are no restrictions that expect you to use a different number for your savings and your checking account. You can use the same number that you can easily remember for both the accounts and nobody can stop you from doing so.


What math formulas do accountants use that kids can understand?

I'd suggest checking and savings accounts.