Saving for the Future
April 9, 2008 – 4:20 pmSaving money is never too late neither too early. You can start saving a little part of your income whenever. Saving money gives you two lessons; preparing your prosperous future, and teach you to live your life plainly. Sometimes it is need hard effort to force our self to left just $1 per month from our wallet.
If you don’t have any savings accounts yet, this is the time you open a new account. As the growing of banking service today, we can open the bank account via the internet anytime. The amount of money to minimum open of saving accounts also varies from $1 to unlimited amount.
The presence of many new banks emerge the competition among the banks. They offer the competitive interest rate for the saving account. All the banks try to serve their best to fulfill the customer interest, with their services and products. WaMu (Washington Mutual, Inc.), for instance, has many savings services such as Online Savings, Statement Savings, Traditional CD (Certificate of Deposit), Online CD, Liquid CD, etc to accommodate the various needs of the different customer.
Online Savings in WaMu start with $1.00 and apply in about 7 minutes. The convenient online management with electronic statements and Personal Online Banking is the warranty, besides easy access to funds by ATM. The higher amount of money is needed to open Statement Savings, which is $4. This type of statement allows you to make unlimited withdrawals in person and at an ATM.
Traditional CD is best for committed savers as there’s a penalty for early withdrawals. You may have this account with as little as $1,000 ($5,000 for a one-month term). Please note for the client younger than 19 years of age, can start a CD with $100. For other account types, please feel free to visit the official website of WaMu.
Tags: certificateof deposit, savings accounts, statement savings