8 tips to choose your bank with savings in mind


 

Choosing the bank where you are going to deposit your savings is a decision that should not be taken lightly.

It is necessary to take into account several aspects such as the commissions for opening an account, the interests to pay on a personal loan or a mortgage or the bank’s conditions regarding the quality of its mobile application or the insurance they offer; All this must add up when it comes to finding the bank that interests you the most.

That is why we want to give you a series of tips so that you can find the bank that best suits your needs.

What is the product range?

If the bank has a wide range of products, and it’s good value for money, then it will offer us more possibilities to find what suits our needs.

Home insurance, pension plans or investment funds are some of the products that you should compare in various entities to get an idea of ​​which entity will be more convenient for you.

Compare the interest you can obtain in your savings account

It is one of the first steps to control your expenses in the long term. Take into account the interest that you are currently getting from your savings account and compare it with that of other banks. If it is lower than in the rest, it may be time to change entity.

Take into account the interest rate applied

This is one of the most basic tips, since all banks do not charge the same interest rate on their financial products. In this way, you have to compare the expenses and commissions that the bank usually charges for credit cards or checking accounts.

It can be a long process, but we assure you that it will be worth taking the time to find the right bank.

Confirm that the bank is registered

Before permanently changing banks, you must check that it is registered and approved by the banking commission.

You cannot risk depositing your money in an unsafe place, so it is essential that you take your time to investigate that offer from a new bank that does not represent traditional banking.

Rate the ATM network

An ATM is a must for any bank customer. Therefore, it is very important to have a large number of ATMs available 24 hours a day and that they are in a safe and close location.

To find out if your bank meets these characteristics, we recommend you go to the entity’s website and check its ATM map. You should also obtain information about the commissions when carrying out transactions at other ATMs.

Don’t overlook customer service

While it is true that many procedures are carried out online, it is sometimes necessary to solve problems that require contacting customer service. That the treatment they give us is clear and pleasant and that at the same time they solve the problem in an agile way, says a lot about an entity.

For this reason, we recommend that you investigate the opinions of other customers about this service to get an idea of ​​the importance that the bank gives to this aspect.

Pay attention to online banking

Currently we carry out most of our procedures through online banking, and therefore, we have to have a tool that gives us security and ease of use.

A good online banking service will provide you with more security in the future and will allow you to carry out all your procedures and even chat with your manager with a single click.

Don’t forget the mobile app

We cannot always sit in front of a computer and the smartphone is right now our most faithful ally. If online banking has to be complete and secure, this also has to be extended to the mobile application, and, therefore, that it is always updated and allows you to carry out all the necessary operations is a point in favour of choosing your bank.

Comments

Post a Comment

Popular posts from this blog

The impact of social media in the workplace

Image
  With  modern evaluation  tools you can see exactly how successful your social media marketing is, it can be evaluated in detail, how many users have seen, clicked on and responded to the posts and also how much you spent on campaigns. This will allow you to optimize your achievements to best target your target audience at a minimal cost. Recruiting Social media can help you find potential employees. Through LinkedIn and Xing, but also Facebook & Co., you can specifically and cost-effectively seek applicants. Through authentic social media channels, you show candidates that you are a contemporary employer. So what should you look for when using social media for your business? ·        Create an  account for your business  and do not use your private profile. This can quickly seem unprofessional. ·        You should post  regularly . Customers should not ...
Read more

What to consider when selecting an Accounting Practice

Image
  The accountant’s role has changed quite dramatically over the years, especially with the introduction of online accounting. Everything is more transparent and not to mention immediate. The days of having to wait weeks for your management or even yearend accounts are long gone with client’s expectations such that a few days turn around is the new normal as you can’t base business decisions on old data. These days your accountant can also offer a lot more than just accounts production with a lot of practices offering business and tax advice. Another complex area is Compliance, guiding you through Health and Safety, risk assessments along with HR and any ethical policies your business may have. Getting the best out of your Accountant Here are a few recommendations when you start to look…. Certified or chartered  – choose an accountant that is regulated by a professional body especially if you were to need a business loan or an audit, maybe not immediately, but looking...
Read more

Year-End Closing: Preparing Accounting Documents

Image
A Comprehensive Guide   Introduction   As the end of the fiscal year approaches, many companies need to prepare their accounting documents for the year-end closing. This process is crucial for a company's financial health and ensures that all financial transactions are accurately recorded and evaluated. In this blog post, we provide a comprehensive guide on how to effectively prepare your accounting documents for the year-end closing.   Step 1: Record All Income and Expenses   The first step in preparing your accounting documents is to ensure that all income and expenses for the year have been properly recorded. Check your accounts to make sure no transactions are missing. This includes all sales, purchases, wages and salaries, taxes, and other financial movements. Income and expenses that pertain to the current year but are paid or transferred in the new year should also be recorded in the accounting.   Step 2: Conduct Bank Reconciliations   An accurate b...
Read more