Savings accounts aren’t as accessible as checking accounts, since they’re designed to hold your money for the long term, rather than to be used for everyday expenses. Typically you would transfer your money from a savings account to your checking account then use it. But if you wish, you can withdraw your cash directly by… Continue reading How to Withdraw Money from a Savings Account?
Category: Personal Finance
What Does The Average American Have In Savings?
It’s common human behavior to compare ourselves to the lives of others around us, to get a rough idea about how we’re doing – be that in our careers, romantic, or financial lives. In some cases this can be a negative habit, but it can also help us know if we’re on track with our… Continue reading What Does The Average American Have In Savings?
How Long Can Banks Hold Funds?
The basic principle of owning a bank account stipulates that as an account holder, you are free to withdraw and spend money from your account just about whenever you want. Sometimes however, a bank can hold your money, preventing you from withdrawing or spending it as quickly as you may want or need. One of… Continue reading How Long Can Banks Hold Funds?
What is the Safest Way to Make International Transfers?
Over the past few decades, it’s become a lot easier for people to move abroad in search of better job opportunities, and education, or to expand their businesses into foreign markets. Some don’t require moving physically, but simply ply their trade via the Internet to clients all over the world. Regardless of the circumstances, most… Continue reading What is the Safest Way to Make International Transfers?
What Is a High Yield Savings Account?
A high-yield savings account at a bank is a savings account offering a higher-than-average rate of return on the amount deposited. These accounts offer a better than the national average APY, provided that you can meet specific conditions (minimum balance/deposit requirements, maintenance fees, etc.). Each bank will have different rates depending on the account, how… Continue reading What Is a High Yield Savings Account?
How To Get A High Yield Savings Account
Whether you create an emergency fund to see your family through unforeseen circumstances or you’ve finally made up your mind to save for an exotic vacation, you need somewhere safe to keep your money. You could keep cash under the mattress where you can fall off the wagon and spend it, or in your checking… Continue reading How To Get A High Yield Savings Account
How Much Should You Have Saved By 40?
Saving is a life skill that many of us know we should be doing more of in order to be on track for a strong financial future. Most financial advisors recommend saving three times your gross salary as the best benchmark — but that could mean very different things for a lot of people. So… Continue reading How Much Should You Have Saved By 40?
Can You Send a Wire Transfer from a Bank’s Savings Account?
Savings accounts or wallets are incredibly useful tools to assist you in reaching your financial goals more easily –regardless of whether those goals are long or short-term. When the time comes to use these tools, it’s essential to have an understanding of how they work. You may need to check with your bank if you… Continue reading Can You Send a Wire Transfer from a Bank’s Savings Account?
Why Would You Put Money Into A Savings Account?
Savings accounts are one of the most popular types of personal finance accounts out there because they are generally safe, easy, and usually provide some amount of interest as well. This isn’t to say, however, that saving accounts are for everyone. If you’re in a position to save money, however, putting some away into a… Continue reading Why Would You Put Money Into A Savings Account?
How Much Should I Have in my Savings Account?
Asking how much you should have in your savings account is a very common consideration that people from all walks of life ponder about. In all honesty, there’s no real answer aside from as much as is realistically possible, enough to prepare for a bad situation, and enough to live in relative comfort for the… Continue reading How Much Should I Have in my Savings Account?
