Savings accounts with deals

One of the best ways to get a good deal is to find a bank that is offering money or something else when you open a checking or savings account. usually this is a ploy to get you as a member of that bank, but it is worth it because you can make a little money. All you have to do is just leave the money in the bank usually for a period of 90 days or so.

This can definitely be worth it for those that have some extra cash to push around from bank to bank. If you think about how many times you could do this in a year you could probably make an extra $500 a year just for simply spending a few minutes to open an online account.

Banks find lots of ways to promote themselves and this is just one of the many. keep in mind that there can also be problems if you try to take the money out early which could incur a penalty and thus make you lose the bonus. This is usually why there is a 90 day period you cannot take the money out. Some of the best savings accounts are usually ones that offer more than just an introductory rate if you are going in that direction as well. The best thing to do is just keep your eye open locally for a nice bank deal and jump on it before the bank takes it down from their website or no longer promotes it.

This entry was posted on Saturday, January 31st, 2009 at 4:37 am and is filed under investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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