A savings account is an account with a bank or other financial institution that pays interest on the money deposited. Check out the articles, columns, radio shows, blog posts and videos for more information on savings accounts.
What happens if you are ready for retirement and you have no savings account? It means you may have to work longer than you hoped to and push off retirement a bit. Pay off your credit card debt, stash away as much cash as possible, and try to rebuild your savings.
Prepaid cash cards have come to the financial rescue for millions of Americans who don't have a checking or savings account. Having a checking or savings account is better for Americans, because it gives them more options. More than 250,000 people don't have a checking or savings account, so they use a prepaid cash card.
Here's what financial planners have known for years: Every dollar you spend to prepay a debt (any kind of debt) actually earns you the interest rate the debt carries. To rebuild your savings, simply take the money that you would have spent each month on your debt, and keep tucking it away into your savings account.
As hard as it is to believe, up to 50 percent of Chicagoans do not have bank accounts. But without a bank account, it's a lot harder to establish good credit, rent a car or even buy an airplane ticket.
Saving money is a challenge for many of us. Whether you are saving for college, saving for a down payment, or saving for retirement, all it takes is a good system. Here's how one savings plan resulted in a nice, plump savings account.
Where is a good place to invest an emergency fund? What the safest investment in a rocky economy? Is it better to use extra cash to invest or to pay down debt? Your investment and personal finance questions answered here.
When you apply for a mortgage loan a lender is going to need to verify that you have a job, what you earn, how much you have saved, what kind of assets you have, and assess what kind of credit risk you're likely to be. If you're going to be shopping around for your mortgage, it's a good idea to make a few complete copies of all the documents, and keep them in a separate mortgage loan file.
Your credit history and credit score determines the best credit card deals a consumer can get. Lenders treat your credit report and credit history as a running score of your financial life, and use that to decide whether you're worth the risk for a credit card, car loan or mortgage. Clean up your credit score and build a good credit history in order to get the best credit card deals for you.
Electronic banking, or e-banking, means you use machines to do your financial transactions instead of people. With electronic banking, you can do your financial transactions any time of the day or night. If you're worried about security, know that banks do everything they can to be sure they have the best online security money can buy.
Interview with Alberto Azpe, President of Hispanic Banking, Harris Bank about the basic accounts you need to have a successful financial life.