A checking account is an account which allows individuals and businesses to deposit money and withdraw money from time to time. An account holder can withdraw money using checks or through automated cash machines or by cash withdrawals at the teller by filling in a withdrawal slip. A checking account allows easy access to pay your bills and most of …

The recent economic recession especially in the U.S.A has led people to start thinking “if only I had saved some money”. In these days of crises any amount of money saved is a boon. Here is a good way to save and fill up the gaps during global economic crises – have a savings bank account. The first step one …

Money market account is similar to savings bank account that is offered by banks and credit unions which invest in government and corporate securities. It will pay you a much higher interest rate but you must also make a higher initial deposit which should be higher than the average. The minimum deposit itself is around $2,500 but there is no …

A money market account is an efficient way to stash your cash instead of just going for a conventional savings bank account. Money market accounts or MMA’s have a number of advantages over normal savings bank accounts. The interest rates itself are very high on these accounts. The reason for this is the purpose that your money is used for, …

A child begins to learn as soon as it steps on to the face of the planet. Its ability to learn and imbibe new concepts is better the younger it is. Teaching a child to manage its own finances from a very young age is a very important part of its early development. There are a lot of things that …

A medical savings account is a specialized savings account. It is almost like a medical health insurance policy. The only difference is that you keep depositing the money into an account for the purpose of medical emergencies and there is no insurance which will kick in during a time of need. It is only your money which is being put …

When one moves into the country, there will be a number of things to think about and sort out. And for life to stabilize, it will take a lot of time and effort. Opening a savings bank account is just one of those steps that you have to take in order to put your life in order. There are …

Both money market accounts and certificates of deposits are means to invest cash while making investments or purchases along the way. Certificates of deposits are instruments of debt that are given out by banks and even other financial institutions. When a certificate of deposit is issued, a time frame is determined before which the money cannot be removed. And the …

Every bank offers certain services to its account holders. Usually, for opening an account a Bank will have a few initial rules like they would require some sort of identification proof of the person who intends to open an account, they will need address proof and some times they ask for some introduction from some person who already  has an …

When you are out looking for a savings account, there are a number of factors to keep in mind; it’s no longer just about the interest rate on offer. The interest rate is obviously an important criteria but it no longer is the end all of everything with regard to a savings account. A savings account is preferred for a …