Already on ArticleSlash?

Forgot your password? Sign Up

Learn How to Make Money From Investing in Savings Accounts

Matthew Tutt
 


Visitors: 308

In today's world everyone has a savings account. The financial institutions, banks and credit unions generally maintain these kinds of accounts. Generally an interest is paid on the money that is deposited by people in these accounts. However, a person cannot directly spend the amount of money that is deposited in these accounts. These accounts provide the account holders an opportunity to keep a part of the liquid asset as savings.

People always prefer those money accounts that provide them with higher rate of interest. This is because these accounts allow a faster accumulation of the savings for the account holders. So, a person before depositing his money in any kind of device should find out which one will provide the best rate of interest. A person can do this by comparing the rate of interest provided by the different financial institutions.

The functioning of the savings accounts is different in comparison to the checking accounts. A person can make limited number of both transfers and withdrawals from the savings accounts. Besides, a person cannot use checks for withdrawals from these. However, a person can make purchases using the money deposited in these accounts. However, if a person wishes to make a purchase with the money deposited, he has to get the money transferred to the transactions deposit. These transactions deposits are also known as currency or checkable deposit.

Savings accounts are mainly created in order to keep aside a part of money which can be used during retirement, or for any kind of purchase or during emergencies. A well maintained savings account also creates a good credit score for the holder of that account.

Learn how to make money investing using the Internet. Discover how many people currently make money from utilising savings accounts , gaining interest on any of their money. Find out how you can make money from investing your money at our website.

(326)

Article Source:


 
Rate this Article: 
 
Savings Accounts with High Interest
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Save Money Using High Interest Savings Accounts

by: Fred Peters (May 29, 2008) 
(Finance/Personal Finance)

Learn How To Make Money From Investing In Premium Bonds

by: Matthew Tutt (May 21, 2008) 
(Investing/Stocks)

Learn How to Make Money From Investing in Mutual Funds

by: Matthew Tutt (May 29, 2008) 
(Investing/Mutual Funds)

Health Savings Accounts (HSA Medical Plans) Offer Significant Tax, Premium, & ..

by: Andy Devore (September 18, 2008) 
(Insurance/Health)

Learn the Secrets of Mutual Funds and Make Money Investing

by: Matthew Tutt (June 19, 2008) 
(Investing/Mutual Funds)

An Introduction to Forex Trading Learn How to Make Money From Forex Investing

by: Matthew Tutt (July 01, 2008) 
(Finance/Currency Trading)

Health Savings Accounts Might Be Just What You Need

by: Matt Lockard (July 26, 2008) 
(Insurance/Health)

Child Savings Accounts

by: Rhonda Strump (December 07, 2007) 
(Home and Family/Parenting)

Fixed Interest Investing - Investing In National Savings

by: Edward Smithers (March 02, 2007) 
(Finance)

Savings Accounts with High Interest

by: Rich Greenwood (April 13, 2008) 
(Finance/Personal Finance)