Different Kind of Savings

vidhyaprakash By vidhyaprakash, 30th Jan 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/a9wh9mbc/
Posted in Wikinut>Money>Saving

This article is about different kind of savings method in Bank, we must select the proper one which is appropriate for us

Different Kind of Savings

All the online earners have their own bank account to save their money as well as online earnings. We all know earning from online is not an easy thing and we must work hard to earn a good money. We must spend our hard earned money wisely in a good manner. Better to save the money for our future, if we don't have any present money needs. Don't spend your money lavishly, always think twice before spending your money, because spending money is easy, but earning money is very tough.

We have the ability to keep our money in our savings bank account. As well as we have lot of savings options like investing money in Recurring Deposits(RD), investing money in Fixed Deposits(FD).

In RD we can invest our money in monthly basis and withdraw it in quarterly or Annual or yearly basis. For example, if you are interested in saving 10 dollars per month, you must invest 10 dollar in your RD account every month for a desired period like 1 year, 3 year or 5 years and you will get more than your investment at the maturity time. Bank will give some interest in monthly basis and it will be added in to your RD account, finally you can withdraw your money at the maturity date.

In FD method, you can invest a good money in quarterly, yearly or Annual basis. For example, if you have a good money like 300 dollars and you want to invest it using FD method, you can invest it for 1 year, 3 year or 5 years based on your wish and finally get a good money at the maturity time. In this method, you are not in need to pay monthly payment to the bank and you are in need to save a good money at the beginning and finally at the maturity time you will get a good interest amount based on your plan. In this way we can save our money or online earnings in bank as per our wish. This kind of savings will help us whenever needed.

Save your hard earned online money in an useful manner, don't spend your money in unwanted ways, if you have enough money in your hands, just save it in your bank account in the above methods. Surely you will get benefits with your savings and your excess money will be very useful to your future whenever you need money. Consider about creating a good saving and investing account in your bank account and open a new one based on your need and necessities, think about savings to bright up your future. All the best


Different Types, Kind, Saving Money, Saving Money Ideas, Saving Money Tips, Saving More Money, Saving Tips, Saving Tricks, Savings, Savings Account

Meet the author

author avatar vidhyaprakash
I am running a courier agency.. writing articles in various sites.




Share this page

moderator Mark Gordon Brown moderated this page.
If you have any complaints about this content, please let us know


Add a comment
Can't login?