0
What else can I help you with?
What is the difference between a high yield savings account and a regular one?
A high yield savings account is more of an investment than a regular savings account. Most people put money into the high yield account without removing it for extended periods of time, so interest can compound. If you're living paycheck to paycheck, or are saving to travel in 6 months, a regular savings account is a much better choice.
What makes a savings account a better investment than a checkings account?
A savings account earns interest.
What makes a savings than a checking account account a better investment?
A savings account earns interest.
What makes a saving account a better investment than checking account?
A savings account earns interest.
Is a savings account worth the trouble?
A savings account should be a vital part of everyones financial planning. It is good to have separate savings and checking accounts to better prepare for your future.
My current account gives me interest on my savings and my Mom says that it's better off to open up a savings account Why?
If you want a higher rate of interest compared to what you get on your current account you will need to look for a savings account. If you are keeping a lot of money in your current account you may be missing out. Compare rates and see if there is an account that would suit you better.
Why does a savings account make a better investment than a checking accounts?
Savings accounts earn interest.
Why is a savings account better than a checking account?
A savings account may pay higher interest rate than a checking account. Also, you don't have bounced checks, and NSF fees, normally.
Where should my paycheck be deposited, into my checking account or savings account?
Your paycheck should typically be deposited into your checking account, as it is designed for everyday expenses and easy access to your money. Your savings account is better suited for long-term savings goals and should be used to build up your savings over time.
Is a bank savings account interest rate better than a CD?
No, CD rates are higher, but you cannot withdraw the funds as easily as a bank savings account.
Which banks offer the best savings account rates?
You will find the best rates for savings with an online account. THe larger your deposit the better your rate will be,try Netbank.
How can I use my savings account to secure a loan?
You can use your savings account as collateral to secure a loan by putting up a portion of your savings as security for the loan. This can help you qualify for a loan with better terms and lower interest rates.
