Health insurance premiums are always on a continual upward rise and many small business owners find it unbearable to pay the same. The HSA or health savings account was introduced with an aim to provide a new avenue for people who cannot afford conventional insurance plans. An HSA is a health coverage plan that pairs a high deductible health plan with a savings account that is tax free for medical purposes. Such …

Opening a bank account for your child at a very young age can go a long way in helping them understand the importance of saving. When they reach their teens they will be ready to take on the world with all the financial wisdom that they have accrued through the years. As a start, teach them the concept of budgeting. It is important to let them know that no matter how much …

A savings bank account is the most common investment option that people resort to in a volatile market situation. A bank account is more of a necessity than an option. When you join a new company, your company will open a bank account on your behalf in order to make regular salary payments to that account. As a business man or self employed individual, you need to do this on your own. …

There are different types of orange accounts. It can include checking accounts, regular savings accounts, certificates of deposits and even IRA accounts. You can save extra money without incurring any risk if you go for orange savings accounts. You can invest around ten percent of your salary into an orange account in order to multiply your earnings. Understanding this account will not take much time and there is no need of maintenance …

A savings bank account is imperative for anybody who wishes to lead a normal life in this country. It gives you a number of benefits that people have now come to take for granted. Things like going to an ATM to withdraw cash, transferring money to a friend, online transactions etc are now a given for anybody who has a bank account in this country. As a teenager, opening a savings bank …

A number of multinational banks offer euro or offshore accounts to their depositors. HSBC for example provides offshore accounts to citizens of more than 200 different countries. They in fact provide accounts in 14 different currencies around the globe. One of the most popular overseas accounts is the euro account. People believe this to be the case because of the relative stability of the said currency. The euro account offered by HSBC …

Opening a savings account has many advantages over checking account. For one, the account holder can make some profit through the interest rates that the banks offer, for the amount deposited in the savings account. For business owners, opening a high yielding savings account is important, since the financial transactions involve bigger amount of money.  High yielding savings account offer higher interest rates than any other kind of savings accounts. There are …

Saving ones funds are an essential part of planning for the future. Unexpected circumstances may arise which would require money and unless one has been smart in way of savings these situations would be difficult to tackle. There are a number of investment vehicles the have been devised to cater to ones savings and investment management. Savings accounts are one among these methods. There are different variations of these accounts which process …

People are often confused on what to do with stagnant funds of savings. They would not want to invest in a long term scheme as they might have unpredictable need for money or may have a variable income. This requirement negates many of the investment options available. The scheme that pops to mind in such a situation would be a savings account. This account offers many advantages but one arena which a …

Among the various vehicles of investment the simplest and safest modes are the savings account. A smart management of finances and savings puts one in good stead for the future. The requirement for money is unexpected in the present day scenario, thus it is essential for setting aside funds for a rainy day. There are various variations of a savings account, one to meet different needs of the investor such as student …