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Online savings accounts
Wednesday July 16, 2008
Many banks are beginning to offer savings accounts that are only accessible with online banking. These savings accounts usually offer a high interest rate and minimal fees.
As these savings accounts that are only available to you when you use internet banking, you won't receive a debit card. You'll be able to transfer money into the savings accounts, but you'll only be able to remove money by using internet banking.
By having online savings accounts, you may be able to resist temptation to use the money in these savings accounts because you don't have ready access to your account. If you can't access you money instantly, you'll have an easier time saving money.
Compare savings accounts and apply for a savings account online to help you start saving
