by Matthew Perry
(last updated February 21, 2009)
Sometimes it just seems like there are too many options. That's not the case with savings accounts. There are a few variations, but not a lot, so choosing the account best-suited to your needs isn't too difficult. When you go account shopping, you'll want to keep in mind the following 'sketches' of common accounts, as well as their primary factors: interest rate, access, and fees.
There are other types of savings accounts you can choose from, but these three are the most common. Research whatever account you're looking at so you don't get locked into a tangled trap of fees. One last tip: for many savings accounts, the interest rate goes up or down depending on your balance. This can be true for all types of accounts, so check with your specific institution.
Ecclesiastes says that there's nothing new under the sun. That may be true, but Health Savings Plans are still an ...Discover More
The premise of saving money is simple. Spend less. How can you cut monthly expenses to find money to save?Discover More
Inflation is caused by rising costs for labor, production and debt payments. This in turn cuts the future buying power of ...Discover More