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 [...]
Posts Tagged ‘Minimum Balance’
January 17th, 2010
Checking And Savings Accounts
Checking Accounts are operated mainly for making purchases and for paying bills. Savings accounts on the other hand, help you save money for your future. Though many banks lure you with attractive offers and freebies, you have to be careful not to choose the account merely on the basis of the benefits offered on the [...]
December 27th, 2009
Bank Accounts Explained: Savings vs. Checking
One of the perks of being financially independent has something to do with that warm glow you feel as soon as that first paycheck comes in. Unfortunately this perk comes coupled with a dilemma. What do you do with such a significant amount of money? Probably the best way to deal with this is to [...]

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