Buying a new car can be expensive. As much as it’s tempting to take a short term view and buy a new car through finance you could be saving many thousands of dollars for each automobile you purchase by using a high interest savings account with a good savings rate to fund the purchase instead of financing the car with debt.
Tag Archives: high interest savings
Savings - How To Grow Your Money Faster
July 10, 2008 – 9:03 pm
Having an interest earning savings account is an excellent way to manage your cashflow, afford major purchases debt free and have reserves for a rainy day. Find out how to make the most of your savings.
Savings accounts are wonderful tools to help you save toward a goal, establish an emergency fund, or keep cash handy for unexpected expenses. Comparing savings accounts is a good way to make sure you find a high interest savings account, as well as other factors that might matter to you, like electronic access, debit card access, or automatic monthly transfers.
Instant Access Saving Accounts
May 11, 2008 – 9:00 pm
When deciding on a savings account you decide what is more important, easy access to your money or long term returns. While accounts like term deposits offer the best rates they might not be suitable if your likely to need your money at short notice. An instant access savings account offers instant access via linked accounts with the same bank or direct ATM access.
If your comparing online saving accounts you’ll find there are different types of accounts on the market with varying amounts of flexability and features. The most common account types are high interest savings, term deposits and instant access saving accounts.