How To Find The Best Savings Account For You
| Money : Saving If you want to find the best savings account for you, then you need to ask the right questions. Particularly these days, many banks and building societies are offering savings accounts with a big headline rate to grab new customers and savers, knowing that is as far as anyone goes. However many of these savings accounts with big headline rates fail to deliver, dropping you down to a poor interest rate after six months or a year, and heavily limiting how much money you can have in the account earning that rate of interest. You should ask questions such as: - how much do I have to put in minimum? - how much do I have to put in on a monthly basis (if any)? - are there restrictions on the number of withdrawals that I can make? - what is the maximum amount I can put in the account? - Do I have instant access to the money in the account? - What is the AER of the account? These are the sorts of essnetial questions that you need to explore. Make sure that you do to find the best savings account for you.
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