Free Banking Tips

Let us admit, saving money is one of the most difficult thing to do. The last thing that we will do with our money is to put it somewhere and allow it to gain interest. It is very difficult to save money. Even if we are able to keep small part of it and put it in a savings account, we still end up putting it back to our checking account and using it. 

The most common and popular savings account in U.S. is the Way2Save savings account,offered by Wells Fargo Bank, the second largest bank in U.S. Way2Save Savings account is easy to manage, it allows you to save a dollar or even more whenever you swipe your card or make a purchase using your debit card. You can even increase the amount of transfer whenever you swipe your card, if your not satisfied with $1 transfer you can also update and increase it by calling the bank. In case you find this savings option slow, you can also set up an automatic transfer or recurring transfer of funds depending on the occurrence that is convenient for you. Example, set up an automatic transfer of $30 from your checking to your Way2Save every time you get your paycheck. This way, you will have to keep a certain amount in the checking account, since you are have a recurring transfer to come out anytime soon. Sounds cool, right? This is just about mind set.

Even though Way2save savings does not earn high interest compared to other savings account, it is better to have at least extra funds that can be used during rainy days, since this is accessible at anytime, unlike CD account or other types of high interest bearing account, that takes longer before you can have access to the money.

Acknowledgement: Wells Fargo  Way2Save Savings Account.