November 2011

The Benefits of High Yield Savings Account

November 23, 2011 by admin · Leave a Comment 

When investing into High Yield Savings Account, you will receive many benefits.

Security – the maintenance of High Yield Savings Account is usually performed online and by this, the bank is essentially assuring the safety of your money. Furthermore, you will be able to access your account at any time. Whether you take out your fund [...]

Critical Factors to Consider Before Choosing a Savings Account

November 22, 2011 by admin · Leave a Comment 

Here are the critical factors that you should consider before opening a High Yield Savings Account:
1. Can you afford to make the required initial deposit?
2. How much interest is to be paid (APY)?
3. How long will the interest rate last?
4. How is the interest calculated (daily, monthly, quarterly, semi-annually or annually)?
5. Can you maintain the minimum balance required?
6. Does the bank [...]