With the rising cost of education, it is difficult for parents to meet the educational expenses when their children grow. The best way to face this problem is to start saving for the child from very early on. Savings accounts for children will provide this opportunity to parents. There are a number of factors that should be taken in to account to earn benefits   from a children savings account. Factors that decide …

All businesses set aside cash for meeting emergency needs for business purpose. Successful businesses also have cash surplus for short term which is used for meeting the regular expenses of business. The business owner sees to it that this money is not locked for longer investment products as this will create a crash crunch. To enjoy a little growth in the amount deposited in the account, storing the funds in business savings …

A Health Savings Account is an account that complements the normal health insurance plans. It is a saving mechanism that lets people save differently for their   health care needs. Health Savings accounts enables the customer to pay for the existing health expenses as well as save for the future medical expenses that the consumer might have to meet after retirement. These saving plans facilitate tax free health facilities. History of health savings …

The Medical Savings Account or MSA program is a savings program for self employed individuals that offer tax deferred deposits for meeting medical expenses. All withdrawals made from the Medical savings account are tax free if the customer uses it for meeting medical expenses.  Advantages of Medical Savings Plan Medical savings plans are the best method to keep an individual as well the family members prepared with funds to meet medical emergencies …

Every business needs a savings account to protect the profits and use it to reinvest. A good business savings account not only is the best place to save the money, but also offers returns in the form of interest rates for the savings. Since turnovers in every business establishment are a considerable amount of money, which should also be available for investing in business ventures, a business savings account is the best …

Parents who teach children about banking basics at a young age and also open a savings account for them simultaneously achieve two good things. First, by putting away sums of money into this savings account whenever possible, they ensure that the higher education costs of their child are taken care of by the time the child is old enough. Second, they inculcate the saving habit in their children and help them learn …

On January 1, 2007, a new law passed by the US Congress allowed Americans to open Medical Savings Accounts (MSAs). Although the law was initially passed with a cap on the number of people who could open such accounts, it is likely that this cap will be removed by subsequent congresses. What is a Medical Savings Account? A medical savings account needs to be opened together with a high deductible health insurance …

What  The Orange Saving Account is an online savings product offered by ING Direct of the ING Group. It offers high yields and high liquidity, and being a product of ING Direct, the best thing is that it can be opened online without needing to visit a branch. Who  The Internationale Nederlanden Groep, popularly known as ING, was formed in 1991, and offers banking, insurance and asset management services in over 40 …

There are 50 countries in Europe, of which 27 countries have come together to form the European Union. Out of these, only 16 countries have so far accepted the common European currency called Euro as their currency. But because many of these 16 countries are the most important countries in the world in terms of commerce and finance, hence even other countries of Europe other than these 16 countries accept the Euro …

Many healthy people enrol themselves in a health insurance policy every year for two reasons mainly – to get tax benefits on the health insurance premium they pay, and to have a safety net ready in case they face some unforeseen health expenses. But most such health policies have what is referred to in the industry as deductibles. Deductibles refer to that portion of the insurance premium that is taken by the …