Choosing A High Interest Saving Account.

You know the saying, ” Today is the first day of the rest of your life” well it’s true. No matter what shape your finances are in you can always take steps to improve them starting today. One of those steps will probably involve opening a high interest saving account.

You have more choices than ever when it comes to opening a savings account. You don’t just have to stick with your local bank. You can open one online at many large national banks.

There is some evidence to suggest that an online account will make you more interest since the bank doesn’t have as much overhead. This isn’t written in stone though so make sure you check. You will usually need a higher deposit to open a high interest rate account and will often have a higher minimum balance to maintain.

Before you rush off to open an online savings account here are a few points you should keep in mind:

1) Interest rates are always changing so before you make your decision visit a website like But remember, interest rates should be only one consideration when choosing a bank.

2) Make sure whatever bank you choose, whether online or off, has a very competent and easily accessible customer service department. You need to be able to talk to someone if you ever have a question or problem.

3) Make sure you fully understand any fee’s associated with your account. Some savings accounts only allow you a certain number of withdrawals a month after which time you will be charged fee’s. You need to know this and determine if it will fit in with your habits.

You may also be charged significant fee’s if your balance falls below the required minimum balance. Make sure you know beforehand. Even a bank that offers a high interest rate may not be worth it if they are going to ‘nickel and dime’ you to death with a bunch of fee’s.

4) How much money will you need to deposit in order to open the account? Usually the larger the deposit the higher the interest rate, but not everyone has a lot of money to open an account.

5) Do you have to maintain a minimum balance? If so, how much and what fee’s will be accessed if you fall below that level? Again, think about your situation and decide whether or not that arrangement will work for you.

6) Most banks are FDIC insured, online or off, but don’t take that for granted. Always make sure the bank you choose is FDIC insured. (If it’s a credit union it will be NCUA insured).

It doesn’t matter if you open your account at your local bank or choose an online bank. The important thing is that you find a way to put money aside so that if something unexpected happens you won’t have to rely on using credit. Opening a high interest saving account is a great way to take control of your finances, start today.

An Easy Way To Beat Credit Card Debt.

Credit cards debt is something a lot of people all across the globe struggle with, and all of them want to know how to escape their debt. In today’s society it can be nearly impossible to pay for everything with cash, and that’s where credit cards come in. But then the bills comes in and you don’t have the money to cover it, and you suddenly find yourself swimming in debt.

It doesn’t take much to trigger this debt spiral either, a single missed payment can rapidly turn into a raging sea of debt. You may have simply forgotten to make a payment and were charged a late fee, or maybe an emergency came up that took up the money you had set aside for the credit card payment. Accidents happen and you shouldn’t be condemned to a life of debt because of them.

There are many options to get out of debt, from debt consolidation to debt counseling. Many people get to the point where they even consider bankruptcy. But before you decide to do anything that drastic, take a step back and try to solve this yourself. Bankruptcy is an absolute last resort, and some of the other debt relief programs cost money or just don’t work.

As the saying goes, “if you want something done right, do it yourself”. Below is an easy and simple way that can help you get out of debt…permanently. It’s not a quick fix, and it will take time and discipline, but it’s a tried and true system that will help you get out of debt.

1) First of all you need to make a comprehensive list of you debt. Include everything, even the smallest of debts. The list should have all of your monthly expenses such as, house payments, utility payments, insurance payments and anything else that you have to pay for monthly. In one of the columns put all your credit card debt, in another column list all of your ongoing monthly bills.

2) You have to give yourself a strict monthly budget to follow. Give yourself enough so you are able to pay the minimum payments on all of your debt.

3) From the list you made choose the smallest debt to go after. Pay as much as you can toward that single debt, while still paying the minimum payments on all of your other debt. Eventually you’ll have paid off that debt and when you do, take the money you applied to that debt and put it towards the second smallest debt. If you keep doing this over and over again you will find yourself getting out of debt and with this method you won’t even need to bring extra money into the household.

This method has been proven to work, it just takes time and discipline. You will have to make some sacrifices if you want to get yourself out of debt. That means no new TVs or going out to eat, but you will beat credit cards debt, and finally be free of that burden.


To access the masterclass for getting out of debt, click below.

5 Steps To Getting Out of Debt Masterclass