I want to OPEN A SAVINGS ACCOUNT

A savings account is designed to store money you don't plan to use in the near future.

Here’s a brief look at Savings Accounts and some of the features they may offer.

Definition: What is a Bank Savings Account?
There are many types of bank accounts. A savings account is designed to hold money that you don’t plan on using immediately. Bank savings accounts tend to pay a slightly higher rate than a checking account.

Some features to look for with a Savings Account:

Is my cash liquid?
Liquid cash meaning you can make a withdrawal easily and quickly. You can do this by using a debit/credit card all banks provide or by stopping in to the local branch office and withdrawing the money you need.

Am I earning interest on my money?
Your money earns interest in a bank savings account. How much depends on the bank, the terms they offer and what kind of account you are opening.

Opening the type of account(s) that meet your needs requires good information and honest advice. Read detailed information by clicking on the article links to the right or…

If you would like to TALK TO A PROFESSIONAL from You Control Your Money.Org we offer free or low-cost help from caring counselors who can assist you in opening an account.

Remember….YOU CONTROL YOUR MONEY!