Thinking of Saving for a Holiday or Just a Rainy Day? Some Top Tips on Choosing a Regular Savings Account
Derek Keogh, Head of Personal Savings at Anglo Irish Bank, outlines some of the features to consider when choosing a regular savings account.
Dublin, Ireland (PRWEB) November 14, 2009 -- Continuing to help savers make more of their money, Derek Keogh, Head of Personal Savings at Anglo Irish Bank, outlines some of the features to consider when choosing a regular savings account. If you want to start saving on a regular basis, there are plenty of options available to you, below are some tips to help get you started.
Here are some top tips on choosing a regular savings account
| | - Set a target. There are lots of reasons why people save; homes, cars, holidays, university funds or just a rainy day. Think about what you're saving for and set a savings target.
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| | - Then decide on your budget - how much can you save per month? This will help you eliminate some accounts on the market as they may not allow you to save as much as you want.
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| | - Check the best savings rates on offer and calculate when you can realistically hit your savings target.
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| | - If you are looking at a variable rate, you may want to check if there is an ECB rate guarantee.
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| | - Are you likely to need early access to your funds? Some regular savings accounts will allow access to funds after an agreed initial period. Check the terms and conditions on the account for this.
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| | - Will you be able to skip a month if needs be? Everyone can have unexpected expenditures and some regular savings accounts will be more rigid than others - again, check the terms and conditions for this.
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As always, shop around. Newspaper articles and rate tables are a great place to start.
The material contained in this message is for general information purposes only and does not constitute an offer to buy or sell or a solicitation of any investment products or other financial product or service. You should not act or refrain from acting on the basis of any material contained in this message without seeking appropriate professional advice. All information is provided "as is" and without warranties express or implied and Anglo Irish Bank Corporation Limited accepts no liability whatsoever for any inaccuracies, errors, omissions, opinions or misleading information or for any action taken or not taken in reliance on the information in this message. Any expressions of opinion are current opinions as at the date of publication and are subject to change without notice.
Anglo Irish Bank Corporation Limited is regulated by the Financial Regulator in Ireland.
News update released by:
Group Marketing & Communications
Anglo Irish Bank Corporation Limited
Stephens Court
18/21 St. Stephens Green
Dublin 2
+ 353 1 6162000
http://www.angloirishbank.ie
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