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Richard Greenwood's Articles in Banking

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Advantages of Online Savings Accounts Add more Savings Account: Max Your Savings with Term Deposits If you are looking to save money and don't plan on needing quick access to your cash then you may be able to access high savings rates by locking your money into term deposit accounts which offer a fixed rate of interest for a fixed terms such as a number of months or even years. Banking 2.0: Social Banking Banks have existed for hundreds of years as large and powerful institutions. When we want money, the power is in the hands of the bank. Now in the age of social networks and P2P file sharing it seems banking is entering the age of social networking. In recent years the USA and Europe have seen a number of social lending websites set up to lend money person to person or to group in need and now savings accounts are integrating with Facebook. Savings Accounts: Boost Your Savings Fast Saving money can be difficult and requires some motivation. The easiest way to get this motivation is to set savings goals to help you pay for big ticket items that you really want. Find out how savings goals can help you get the things you want without resorting to debt. Boost Your Savings with Term Deposits A term deposit involves depositing an amount of money with a financial institution and making an undertaking not to make a withdrawal for a specified period in time. In exchange for your commitment you are often rewarded with interest higher than those available in normal savings accounts. High Interest Savings Accounts - Top 10 tips to grow your money faster You might think that savings accounts don't really help save much, even though their name suggests so. However, this is misleading. While they may not compare to other high yield options like mutual funds or stocks and shares, they can provide a safe, effective and risk free way of growing your money fast. Find out how to grow your money faster. Online Savings Accounts - Getting the best interest rate Over 80% of internet users are now enjoying the convenience of online banking. Online banking has also seen the emergence of online saving accounts which offer high interest and lower fees than traditional banks with larger overheads. Find out what to look out for when comparing online saving accounts.