Archive for June 2012

Savings Accounts – Make Your Money Grow

June 28, 2012

If you want to put money aside safely then a savings account is ideal. People save money for a variety of reasons. You might want to save for a new home, holiday, a car or you want to make sure you have some money aside just in case you need it. Considering today’s climate it is more important than ever put your money in the right place. Whatever you want to save for you need to make sure you are getting the best interest rates available on the market.

When looking for a savings account you need to find an account that will get the most out of your money. When choosing an account you should think about how much you want to save, how long you want to save for, how much money you can afford to save on a regular basis and how much access you need to your account. Always choose an account that suits your saving needs and make sure you fully understand the account before you invest.

When researching the market look at whether you need a certain amount just to open the account. One of the most important factors to consider is the interest rate that you will earn on your money and this should be a priority when comparing different accounts. You can compare savings accounts through sites like Which Way To Pay. Think about whether you want a fixed interest rate or if you don’t mind for it to vary. Always watch out for any fees might that occur for using the account as some providers may charge you for withdrawing cash from a cash machine or an annual fee just for using the account.

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Avoid Getting Into Debt With A Prepaid Card

June 21, 2012

f you don’t want to risk going into debt then a prepaid card could be an ideal solution. A great aspect is that they have all the advantages of a standard credit card in that you can use them online, in shops, restaurants and withdraw money from cash machines. The main advantage of these types of cards is that you can personally manage the amount of money on the card. They work like top up cards; you reload the card with funds which you then spend as you please and once the funds run out you have to top it up to use it again. This gives the user more control over their spending which is great for anyone who has needs to stop bad spending habits.

With a prepaid card you are not being given a line of credit so you are not borrowing any money. This means there are no credit checks and anyone can get one. They are well suited for those who have a bad credit score, are too young for a standard credit card or have a low income. If you don’t have a bank account a prepaid card is a way for you to withdraw money and set up direct deposits. Prepaid cards are very secure and can have useful recovery facilities whereby if you lose the card you can order a replacement and any funds that were on it can be transferred to the new card.

As you are not borrowing any money, but are simply spending whatever you decide to put on the card, you won’t ever have to deal with expensive interest or bank charges or worry about paying off credit card bills each month. However, please note that there may be some hidden charges with these cards such as cash withdrawal fees and some cards might charge you a small amount for issuing you the card or you might even find that some providers charge you a monthly fee. You need to take this into consideration when deciding on the best card for you.

When deciding on the right prepaid card for you it is worth taking the time to research the market. A great way to find the best card for you is compare different products through easy to use comparison sites like Which Way To Pay, which are 100% unbiased so you can find a great deal.