Articles Service - Marketing And Unique Articles - Online Directory - Quick Promotion - Free Contents


   

Advise to Consider when Selecting a Bank



[Valid RSS feed]  Category Rss Feed - http://www.look4articles.com/rss.php?rss=232
By : Gideon Singh    99 or more times read
Submitted 2011-09-23 14:59:44
Before you open a savings account, you must select beforehand what bank are you going to. There are many aspect you must consider when selecting a bank where your savings account is positioned.

Available are some tips you can remember prior to going to a bank and utilizing a savings account in them. I make this checklist as easy as achievable so it is not difficult to be apprehended.

1. Is it government insured?

When selecting a bank, you must know first if you have the security at any rate the bank went to nonsuccess. If a bank is covered by the state, you don't have to fear because the cash you have in your bank account is guaranteed that will be backed to you.

A bank must be a member of the Depositor Insurance Corporation of the country where you bank is based. Take note that there's a certain restrict of amount of cash this insurance covered. Set an investigation beforehand which bank has the security for its depositors.

2. Reputation - What other people tell relating to it

Is the bank reputable and credible by citizens and its customers? Is the administration and employees of the bank good and customer-oriented. These are some query you should ask prior to choosing the bank you are considering.

It is not hard to know the answer for these questions, simply ask your friends or relatives about their experiences about the bank. You may also research in the Internet, there are lots of information you can get from it. Just be patient and resourceful when searching.

3. Interest rate

One of the most important information you should know is the interest rate of the bank. You can see it in their website where all rates and fees of the bank are listed.

Choose a bank that gives the highest interest. Be careful sometimes because many banks giving high interest on deposits are not members of insurance corporation. When they became bankrupt, you r money is also gone with them since it is not insured by the government.

4. Accessibility

Is there a branch near your place? Do they have ATMs around your location where you can withdraw money in case of emergency?

You should choose a bank that is accessible wherever you are. As much as possible, the bank should have online banking, mobile banking and telephone banking aside from the plenty ATMs it have.

5. Other Products and services

Some banks have a wide range of products giving you access to investment vehicles like stock investing and mutual funds, credit cards, mortgage, loans and a lot more. You must also consider this particularly when you are planning to invest your money other than savings account.
Conclusion

Choosing a good bank is not easy to do especially when you don't have any idea what a good bank should posses. You may consider the tips listed here in order to have a guide when selecting a bank for your savings account.

Author Resource:

Kumar Singh is a money blogger who likes writing about financial education, saving, investments and earn money online. For helpful information on how to open a SBI Bank account, you can visit India Bank site.

Related Articles


HTML Ready Article. Click on the "Copy" button to copy into your clipboard.




Firefox users please select/copy/paste as usual


New Members
select
Sign up
select
Learn more
ASK It!
ASK It!

 
Directory Menu
Home
Login to Directory
Submit Articles
Submission Guidelines
Top Articles
Link Directory
About Us
Articles Directory Advertisement
Articles Directory Advertisement Media Kit
Contact Us
Privacy Policy
RSS Feeds


Categories

Accessories
Advice
Aging
Arts
Arts and Crafts
Automotive
Break-up
Business
Business Management
Cancer Survival
Career
Cars and Trucks
CGI
Cheating
Coding Sites
Computers
Computers and Technology
Cooking
Crafts
Culture
Current Affairs
Databases
Death
Education
Entertainment
Etiquette
Family Concerns
Film
Finances
Food and Drinks
Gardening
Healthy Living
Holidays
Home
Home Management
Internet
Jobs
Leadership
Legal
Medical
Medical Business
Medicines and Remedies
Men Only
Motorcyles
Opinions
Our Pets
Outdoors
Parenting
Pets
Recreation
Relationships
Religion
Self Help
Self Improvement
Society
Sports
Staying Fit
Technology
Travel
Web Design
Weddings
Wellness, Fitness and Di
Women Only
Womens Interest
World Affairs
Writing
 
Actions
Print This Article
Add To Favorites
[Valid RSS feed]

Copyright LOOK 4 ARTICLES FREE DIRECTORY - 2005-2012 - Powered By: HYIP