Savings Accounts

Summary:
The most traditional way of saving money is through a savings account at your local bank. There are two types of savings accounts: passbook and statement. You usually don't have a choice between the two, most banks offer one or the other.

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The most traditional way of saving money is through a savings account at your local bank. There are two types of savings accounts: passbook and statement. You usually don't have a choice between the two, most banks offer one or the other.

A passbook account comes with a little booklet that you use to keep track of your deposits, withdrawals and interest. You are responsible for all of the necessary math. With a statement account, you receive a monthly or quarterly statement that details the transactions. Most savings accounts are insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC) or the Nation Credit Union Share Insurance Fund (NCUSIF).

A savings account is a liquid savings, which means that you can withdraw your money at any time. Federal regulations only allow you six electronic, telephone or preauthorized transfers each month. No more than three of the transfers can be made by check, draft or debit card. But you can usually make unlimited withdrawals through the teller or ATM. Certain savings accounts have a limit of, for example, three free withdrawals per month if your balance falls under a minimum amount. Make sure that you read and understand the savings policies before you open an account.

Most savings accounts have very low balances to open an account - sometimes just a dollar is required. But they may charge a monthly maintenance fee on accounts that fall below a minimum balance, such as $100. The fee can often be as much as $10 a month, which will quickly eat up your account. If you are looking for a savings account for your children, there may be special accounts that waive or lessen the fee.

There is a big difference in the amount of interest earned on savings accounts compared to other forms of savings. Most banks pay very little interest on savings as count, often as little as 0.25%. There are higher interest payments available through high-yield savings or money market accounts that are found online. Many high-yield money market accounts allow you to write checks, though high-yield savings accounts usually won't offer that feature. There are some high-yield savings accounts that will allow you to link to your checking for faster and easier deposits and withdrawals.

Online accounts are easy to open, but aren't for everyone. Many people are concerned about entering personal information online. You may feel more comfortable being able to walk into a local bank and talk to someone face-to-face if you have a problem with your account. You simply have to weigh the customer service of a local bank with the higher interest available through an online institution.

It is highly recommended to keep an emergency fund in a savings account. You should have enough money in a savings account to pay all of your expenses for a three to six month period. You can also use the money for car repairs, insurance deductions and large appliance replacement. A savings account can often help to see you through a true emergency without ruining your financial stability.

Savings Account Is Important

Summary:
There are many different reasons that prompt people to create a savings account. You may be looking to create a savings account to have some extra money for emergencies or to save up for a vacation. Perhaps you would like to save money for your children’s college education or simply provide them a security net when they enter adulthood. Some people may create a savings account because they want to save money for retirement. All of these reasons are typical for most people. Th...

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There are many different reasons that prompt people to create a savings account. You may be looking to create a savings account to have some extra money for emergencies or to save up for a vacation. Perhaps you would like to save money for your children’s college education or simply provide them a security net when they enter adulthood. Some people may create a savings account because they want to save money for retirement. All of these reasons are typical for most people. There could be thousands of reasons that any one person opens a savings account. The problem is what type of saving account do you open? Well, first things first, you should know that the best benefit of a savings account is that they all earn interest on the money in the account. Typical interest rates are anywhere from .55% to 4.25%.

Banks usually have many different levels of savings account that all require different deposits and balances. These range from regular savings to what may be called platinum savings, money market accounts and retirement accounts. Each will have different fees, deposit and balance requirements. You will want to research different banks to find the one most suitable for your savings account needs.

The internet has made life easier for a great many people and it is no different when it comes to banking. The internet has opened the doors to many more options when it comes to a savings account. Thanks to the internet, it has never been easier to do comparison-shopping with different banks. You can shop and compare the different rates and other benefits, right in your web browser. Talk about convenience! What is even better is that the internet has now allowed people to do their banking right online, in the comfort of their own home. You should consider opening an online savings account.

By opening an online savings account, you will be able to have complete control over your money in an instant. You see, many people have turned to an online savings account because it sure beats going to the bank every time you need to check your balance, transfer money into a personal checking account or just see what transactions have occurred in your online savings account. You can have access to a statement prior to ever seeing one in the mail. In fact, many banks now offer the option of receiving your online savings account statement online or paper through the mail. The choice is yours.

An online savings account has numerous benefits. The first is being able to perform all of your banking duties right in the comfort of your home. Another benefit of an online savings account is that you eliminate or at the very least reduce trips to the bank. With an online savings account, you can check your balance, transfer money to and from another account and review your account history without ever having to leave the house. This saves you a great deal of time and money.

Save Online, Try The Online Savings Account

Summary:
Savings account is account deposited that is only intended to stay in the bank for a relatively shorter time span. This account usually offers much lower interest rates than most bank accounts. But still, like many other accounts, it accumulates interests. The rate of which is largely dependent on the conditions provided by the bank.

Savings accounts are normally maintained by commercial banks, credit unions, loans and savings associations, and some mutual savings bank th...


Article Body:
Savings account is account deposited that is only intended to stay in the bank for a relatively shorter time span. This account usually offers much lower interest rates than most bank accounts. But still, like many other accounts, it accumulates interests. The rate of which is largely dependent on the conditions provided by the bank.

Savings accounts are normally maintained by commercial banks, credit unions, loans and savings associations, and some mutual savings bank that are offering interests that can never be used as money. However, the account may be utilized by writing a check.

These accounts allow customers to use parts of their liquid assets, which may be used for any transactions. But before a savings account is used, the balances in the savings account must first be transferred to checkable deposits or transaction deposits or currency. But due to the simplicity of transferring the saving accounts, they are often termed as "money".

Though the use of checks is often not allowed, withdrawals are still easier when done using the savings accounts. The Money Market Deposit Account or the MMDAs on the other hand may restrict you on a limited number of transference of accounts and withdrawals.

With the advent of the Internet comes the development of a new system of banking- the direct-to-consumer banking system. This particularly addresses online savings accounts. Direct-to-consumer system allows direct access to savings accounts from the traditional bank online where money naturally transfers by means of electronic bank transfer. There are two types of banking institutions that create and allow this form of transaction- online-only banks and the traditional banks.

Online-only banking is the answer of the entrepreneurs to the growing consensus of the general public of who usually make banking transactions through the internet. These banks tried to accomplish what real banks have done. They offered almost the same spectrum of products that traditional banks have but offered them on consumer-friendly deals- high interest rates and low fees.

Online savings accounts often offer significantly higher rates of interest as compared to the contemporary savings account. This deal may be attributed to the fact that lesser expenses during online processing and that online market is naturally rate-sensitive.

Sadly, the majority of the consumers are not yet prepared to this new treatment in banking. This in effect, brought down most of such banks.

But by the end of year 2000, ING launched an optimized form of online-only banking. This was rather successful and brought great increase in the online banking industry. They created a much simpler savings account transaction that pays higher rates than the traditional banking. But this does not permit the use of ATM cards, checks, and other services. It was only intended as an account for which your money may be safely guarded.

For almost three years, ING had no other rivals in this system of banking. But recently, many other banking institutions have followed suit. Some were the pioneers of the online-only banking who eventually died down during the course yet returned to beat the market share ING has. Some of these banks offer the same services with that of the ING programs. Most have the same principle of high interest rates and no unnecessary frills.

One notable new entrant is the VirtualBank. This targeted the high-end techy society yet they offer much lower rates as compared to the ING Bank. Thus they gained some consumers.

Eventually, the industry expanded sometime in 2003 until 2004. And by the year 2005, savings account virtually revolutionized banking by means of online-only banking.

Ready to Sign that Lease Agreement?

Summary:
Explore the advantages of signing a lease agreement.


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Is Signing that Lease Agreement Right for You?

The real estate market is booming across the United States, especially in select areas of California as well as Las Vegas.  Even the sleepy town of Boise, Idaho is experiencing record breaking primary residential development.  Where ever you happen to live, you have probably noticed it’s not so easy to get into that coveted house you have always dreamed of, despite the favorable mortgage rates.  So what should you do?  

Lessons Learned from the Past

With such uncertainty around the real estate market, perhaps it is best to stay away from owning your own property.  Many so called experts predict the housing market in the US has finally reach bubble status, and expect that bubble to burst in the near future.  They may have submitted their predictions a bit early, but their advice should be considered.  If we learned anything from the stock market bubble and subsequent crash of 2000, we realized frequently a conservative approach to investing serves us well when uncertainty surrounds the market.

Protect yourself and consider the advantages of renting or leasing versus buying your own home.  A renter assumes far less risk by signing his/her name to a http://www.oneminutemillionaire.com/affiliate/glossary/lease-agreement.asp>lease agreement than when closing on a house.  Typically a rental agreement locks you into a contract for a short period of time, relatively speaking, during which the rental rate is locked as well.  Such a contract can protect you from the downswings of the real estate market, especially the volatility frequently demonstrated by adjustable rate mortgages.  Granted, as a renter you don’t stand to gain any equity in the house should the market turn up.  However, you also don’t expose yourself to the violent downswings in housing values wrought by an oversaturated market. Should you buy a house now and a year later need to move to pursue a new job opportunity, what happens when your realize those inflated prices you paid for your house are not so inflated anymore, and

Avoiding the Headaches of Ownership

By agreeing only to rent the dwelling, you manage to avoid many of the disadvantages associated with owning a house.  Normally the landlord is responsible for general maintenance of the flat.  Many home owners are quick to offer their stories of frustration, disappointment, and even anger when things go wrong in the house.  Pipes burst, flooding occurs, air conditioning units break during the scorching summer days of July, and heating systems fail in the dead of winter.  All these things can and will happen, setting homeowners back considerably.  Thus, as a renter you can avoid many of the major financial investments owners must make to maintain the comfort and livability provided by a dwelling.  Agreeing to a http://www.oneminutemillionaire.com/affiliate/glossary/lease-agreement.asp lease agreement helps mitigate the risks of living in a home or apartment.

Weighing your Options

A rental or http://www.oneminutemillionaire.com/affiliate/glossary/lease-agreement.asp lease agreement can offer many advantages to those of you looking for a place to live.  Ultimately, each individual must decide what is right for them.  Some are more than willing to bear the risk inherent to the housing market because they have a strong positive http://www.buzzle.com/editorials/8-26-2005-75550.asp cash flow and are in a position to endure the twists and turns of the market.

Don’t be afraid to weigh your options and consider the risks of owning versus renting.  For many, playing the game conservatively and waiting for housing prices to come back down to Earth will prove to be a successful strategy.  There is no shame in signing that lease agreement, living in an apartment for a year or two before moving on to that house you have wanted so badly.

Press Release: Why SEO Experts Should Not Use Press Releases

Summary:
Learn why your SEO company should not pay hundreds of dollars to PR companies.



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Rumor has it that press releases are the next big thing in the SEO business, and many companies are spending top dollars trying to write the next big press release announcing the next big balloon breaking technology. But is this really the next big thing?

By definition, a Press Release is a kind of news item released by the company on whom the news is being reported. As such, you will have to compete with all the other press releases and hope that your will get picked up.

Why Will Your Press Release Be Trashed?
1) Unless you are writing a press release about Microsoft, Adobe, Sony or one of the other mega-companies, or at least about a company that is relatively well known, forget about it. Journalists and news editors receive thousands of press releases a day and there is no way that they will waste more than a quick glance. So why should you pay a company seven to eight hundred dollars for them sending your press release to thousands of editors and journalists when they are going to junk it anyway?

2) Unless you are announcing a truly revolutionary product or technology (which I assume you are not since you are only interested in using the professionally paid and written press release to boost your search engine rankings), whatever you make up or announce such as some new free deal or new portal offering something unique, your chances of being picked up are very slim. Yes, the PR companies will tell you that they have vast experience in writing Press Releases that will make yours stand out and get picked up but this is not accurate. The only way your PR is going to get picked up is if it truly is something out of the ordinary or something that no one has ever thought off.

3) Unless you plan to spend millions of dollars and then just by sheer volume your site will go ahead in the search engines, this is not a good option. Why? If you send a large number of press releases then these will be placed on the different PR companies websites main page. Since most of these home pages have a very high page rank, your site will get a boost. The question is whether this boost is worth the large amount of money you will put into the PR companies pocket. No it is not. Use that money to buy (though I do not recommend this) links from high-ranked websites and you will pay less and receive more benefit.

4) Any press release, even if it has been accepted, will remain on the different pages for just a short time, making the time and effort and even more so the amount of money you paid fruitless.

Conclusion:
A press release is useful if you wish to contact the press and maybe get some free publicity, but it is of no use if you wish to use it as a tool in order to advance your website in the search engines.