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SOURCE: Go Banking Rates
Go Banking Rates personal finance columnist, Stacey Bumpus, divulges five truths about savings accounts that many Americans don’t know about in order to educate depositors on the multifaceted benefits of maintaining a savings account.
EL SEGUNDO, CA (PRWEB) November 27, 2012
For the most part, a savings account is not deemed a complicated banking tool. Customers open an account, add some money, and then watch it earn interest. But Go Banking Rates explains that there is more to savings accounts than what meets the eye.
Stacey Bumpus, columnist for GoBankingRates.com, outlines the benefits of opening a savings account, despite today’s low savings account rates and highlights the little-known advantages that this type of deposit account offers.
One of the five savings facts that Bumpus explores is the various types of savings account options out on the market, including high-yield savings products.
“It’s a good idea to consider a high interest rate savings account. Many depositors are unaware of these great savings accounts that offer a higher rate in exchange for a deeper financial commitment with the institution,” says Bumpus.
Savings accounts are far more multidimensional than most bank depositors assume, so the more customers discover about these great deposit accounts, the better their chances of growing savings substantially will be.
About Go Banking Rates
Go Banking Rates (GoBankingRates.com) a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information. Go Banking Rates also regularly publishes expert advice from personal finance professionals.
GoBankingRates.com belongs to a network of more than 1500 finance websites, including GoInsuranceRates.com and GoFreeCredit.com. These sites receive more than 2 million visits each month.
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