Make sure the bank you have your money in is FDIC insured. If so, your money is safe up to $100,000.00.
"There are many benefits such as you can transfer savings to a fixed deposit, you are also eligible for HSBC credit cards and keep track of your money with easy, fast, e-statements."
savings account
Yes, a savings account will really help you save money if you remain loyal to the fact that it is a savings account. You still have access to your money, but it's up to you to keep it saved.
If you have 1000 crore cash then, it is best to keep all the money either in a savings account or in an annuity.
Keep most of your savings in your checking account
"There are many benefits such as you can transfer savings to a fixed deposit, you are also eligible for HSBC credit cards and keep track of your money with easy, fast, e-statements."
A savings account is a good place to keep money safe for future needs.
You can have no money and still keep it open. Bank of America doesn't care if it doesn't have any money in it . If your savings account is linked to your checking account then it should be fine.
savings account
Yes, a savings account will really help you save money if you remain loyal to the fact that it is a savings account. You still have access to your money, but it's up to you to keep it saved.
Yes
It is something (usually money) which you do not consume but keep for later.
If you have 1000 crore cash then, it is best to keep all the money either in a savings account or in an annuity.
I have personally never heard of 'federal savings', but I do know that a savings account will usually give you extra interest so that you money will substantially increase over time. But remember, you must keep your money above inflation.
Keep most of your savings in your checking account
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.