SearchExclusive.com

All You Need to Know about Online Savings Account

We all want the best worth out of our hard-earned money. We keep trying to find new ways to invest and save our money so that not only our money brings in multiple rewards with it but also we have some savings for the future and unexpected scenarios. Investing in different schemes is now a very normal thing to do; however, a significant number of people still keep money in their savings accounts safely with their banks.

Despite the fact that the amount of money in savings accounts in all the banks is around trillions, the average interest rate that is provided by most banks is only about .06%. Various banks offer different interest rates or high yield savings accounts rates to bring in more customers to their banks. But before you think about opening a savings account, there are few things you need to look at in the fine print of every bank. While comparing the best bank saving accounts, you should always check the minimum balance you need to keep to avoid any penalty. Though in the most popular and top 10 best savings accounts the rate of interest is very paltry, the financial scenario is changing.

There are a few online-only high interest savings accounts, but they are not available in brick-mortar establishments. There are a lot of factors that you need to weigh in if you are considering moving your savings online. Start by looking into the top 10 online savings accounts. The interest that you earn from your saving accounts can be considered to be a bonus on the money that you choose to keep with your bank. But the right decision can help you to make money even though the difference, in the long run, will only be a few hundred dollars. Some of the advantages of having an online savings account are as follows:

Better interest rates which may be slightly more than the national average.
Many banks which provide this online service do not require the customer to maintain a minimum monthly balance.
Online bank accounts offer modern facilities such as online banking and e-alerts.

Online savings accounts come with some disadvantages as well. In some banks accessing money can become an issue. Depositing checks of a higher amount may not be very convenient. Online banking may give you an ease of access; however, in case you need some assistance, you may not be able to contact a relationship manager. Saving accounts with high interest rate can be a great source if you want to keep some emergency money that you may require later on.

A long-term savings account may be a 5 percent interest rate savings account or a 6% interest savings account; however, a short-term plan is essential in case you require some cash on a short notice. Some of the best bank savings accounts may offer you 5% interest saving accounts, 6% interest saving accounts, or a 7% interest savings account but this is offered only with very long-term plans which extend beyond 40 years. A high-interest savings account is good for the money that you can keep aside for your future needs.

Most high-interest savings accounts are not accessible through debit cards or checks. If you are someone who makes multiple withdrawals from your bank account in a single month, then this option may not be the best one for you as most high-interest savings account have an upper limit on the withdrawals that can be done. This is because of the limited access to the money. A bank account in a physical bank is better for someone who likes to interact with representatives of the bank and clarify every query.

When it comes to matters of money, many people still prefer interaction with people in the bank. So in such cases, an online savings account cannot be enough. It is important to remember that your choice of savings account can affect your future and present quality of life. You may diversify your financial portfolio by investing in stocks or other means of investment.

Also, an online savings account does not let you make bigger financial transactions, for examples, make larger check deposits or withdraw large sums of money. In such a case it would be better to consider a brick and mortar institution.

If you need to make hard cash transactions of larger volumes, then a physical bank branch could be a more viable option for you. If you want to keep the exclusivity of dealing with a single bank branch, then online banking is not the thing for you as most of the online banking accounts do not provide the facility of taking loans or obtaining a credit card. Do a thorough research on the top 10 savings accounts and consider all these factors before you decide for saving your money.

Related Reading

Tips for Buying the Best Dog Food

Most of the dogs do not have a food fuss and may eat almost anything that you feed them. Dogs are not choosy at all when it comes to food and nutrition. Hence, it is important to make sure that the food that you are purchasing for your dog is healthy. The landscape of dog food has been developing by leaps and bounds in recent times. There is a wide variety of options to choose from in the online and offline market. Given the wide range of options that are available today, buying the best dog food might seem to be a confusing task indeed. All the commercial pet food that is available in the market today is regulated by the FDA. Therefore, most of the products do contain nutritious, healthy, and safe ingredients. But it does help to know certain basic factors you should look for while buying food for your dog. Prioritize on the nutritional guarantee The best dog food, which meets the dog’s needs adequately has a statement written on the label of the product, from the Association of American Feed Control Officials. Buy from some of the best dog food brands, such as Fromm Family Foods, Earthborn Holistic, Nature’s Variety Instinct, and The Honest Kitchen.

Different Types of Kitchen Cabinets Available for Your Home

The most important aspect when designing your kitchen is deciding on the type of cabinets. In addition to functionality, kitchen cabinets score on aesthetics as well. Once the layout is planned, you can go ahead with choosing the cabinets. If you’re remodeling your home or just the kitchen, what you need to consider are the types of cabinets that furnish your kitchen. Here are a few types of kitchen cabinets that you can choose from. Base cabinets These kitchen cabinets are mounted on the floor and they are placed after checking out the floor plan. A major part of your job in the kitchen is on these base cabinets, which hold and support the countertops. These base cabinets are combined to carve out kitchen islands. A number of base cabinets are fused/set against one another and installed on site. The base cabinets, in addition to supporting the countertops, serve as drawers to hold your cutlery and appliances. Wall cabinets Mounted on the walls, these cabinets can store everything, right from your cookware to cookbooks. In terms of design, they offer utmost flexibility. Wall cabinet kitchen is available in varying heights, multiple widths, and custom depth options. This customization helps you to fit in your stuff of varying shapes and sizes into the wall cabinets.

How to Pick the Right Dog Food for a Sensitive Stomach

In today’s world, where you are presented with over a dozen choices for every item you would purchase for your own kitchen, it is not surprising that you have an equal number of options for your dog’s food. However, choosing the perfect brand and formula for your dog out of a range of options in the market is not an easy job. Your pet depends on you and trusts you to make the right choice for them. Therefore, it is imperative that you do your research about the products available in the market, understand what your dog needs, know what might be your pet’s problems, and then make a sound decision. What is a sensitive stomach? Dogs are known to have voracious and large appetites. Keeping that in mind, it is normal to assume that they have strong stomachs. They can eat close to anything be it sweets, bakes, chewy gum, hard leather or even woolen socks for that matter! It always so happens that the strongest of them are prone to allergies and can develop a disorder which is medically translated as a sensitive stomach. This might be due to a sudden change in the food habits or even due an infection picked up from somewhere.

All You Need to Know about Cat Food

For cat owners, cat food is a hot topic. You need to think about it in different aspects. The best thing is to know which ingredients are good for cat food and which are harmful. If you are aware of this, you can get an idea about the quality of the cat food just by going through the label. It is always sensible to stick to one brand of cat food. However, you may also want to try and prepare cat food yourself. There are also various options for wet cat food as well. Cat’s love for fish is universal, so you can do without going for expensive cat food. Nevertheless, whether you buy it or prepare cat food at home, you need to ensure that the food contains enough nutrition and calories. You would need to have some idea about the ingredients that must be present in cat food and make a worthy selection for your cat. Basic ingredients present in good cat foods Cats need a variety of nutrients to stay healthy and active; they need various vitamins, minerals, fats, proteins, and oils. The following is a brief explanation of the basic ingredients that should be present in cat foods.