Welcome to Savings Guide
Savings Bonds Calculator Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Savings Accounts – Facilities and Provisions
from:Introduction
In today’s age, an increasing number of customers are looking for lucrative options to save their hard-earned income. Each of these customers aims to look for options wherein they will be able to save their money as well as earn further interest for doing the same.
To cater to such needs, today, the financial institutions offer a vast range of facilities to such customers, which give them handsome returns in turn of depositing their savings with them. Amongst the various sets of facilities offered, it is the savings accounts which still continue to be the most popular and widely used by the customers.
The Concept and Functions
Savings accounts are basically a type of bank account, established to help the customers to keep aside a part of their liquid assets, also earning monetary return simultaneously. The most stringent principle of such savings accounts offered by the series of commercial banks, savings and loan associations, credit unions and mutual savings banks is that the customer cannot use the money deposited directly as cash, further encouraging the build-up up of savings.
Another principle regulated by these savings accounts is that the funds be kept on deposit at least for a minimum length of time, which means that there will be a limit on withdrawals, payments and transfers that might be carried out. While some banks offering such savings accounts will not allow any transfer beyond the stipulated limit altogether, yet others will inform the account owner that a violation has occurred.
At times, withdrawals from these savings accounts are costlier than the same transactions being carried out from a demand account. In addition, most of such savings accounts do not offer cheque-writing services, though there are many institutions that name their higher-interest demand accounts as savings accounts. To fulfill such saving needs of the customers, banks of all types offer good terms for savings accounts of all categories. The interest rate offered by each one of these might differ form each other, but the general trend is usually prevalent across various banks.
Experts suggest that to streamline your savings and ensure that your savings also earn further for you, it is important that you hold at least a single savings account with one of these banks. However, before you actually decide on an appropriate banking institution, you must analyze the terms offered by the bank such as the interest rates, withdrawal limits and other such features, especially in specific context of your own financial status and the results required out of your investments.
Savings Bonds Calculator News
Bad news for lost bond owners
By KRIS REILLY Editor
Read more...SavingsBonds.com Salutes Savings Bond Owners On Memorial Day
SavingsBonds.com Salutes Savings Bond Owners On Memorial Day. US Savings Bond Owners Played An Important Role In American History.Spring Lake, NJ (PRWEB) May 22, 2012 SavingsBonds.com salutes savings bond owners on Memorial Day. US savings bond owners played an important role in American history.In May 1941, U.S. Savings Bonds were introduced as a way for Americans to save for their future, but ...
Read more...Public Debt Announces New Savings Bonds Rates, Series I to Earn 2.20%, Series EE to Earn 0.60%
WASHINGTON -- The Bureau of the Public Debt today announced earnings rates for Series I Savings Bonds and Series EE Savings Bonds, issued from May 2012 through October 2012. Earnings rates for I bonds and fixed rates for EE bonds are set each May 1 and November 1. Interest accrues monthly and compounds semiannually.
Read more...SavingsBonds.com Cash In Report Prevents Savings Bond Owners from Losing Money
SavingsBonds.com's new Cash In Report takes the guesswork out of choosing which savings bonds to cash in and which to hold. The unique report helps bond owners avoid losing money.Spring Lake Heights, NJ (PRWEB) May 09, 2012 SavingsBonds.com has a new solution to the old cash in problems with US savings bonds. Although most Americans buy savings bonds for retirement or education purposes, the ...
Read more...Sonoma County home refinance: When and how?
There’s an old saying among homeowners: “You shouldn’t refinance your mortgage unless you can save 1 percent on the interest...
Read more...