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Fuel Savings Article
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Holding a Savings Account
from:Introduction
A savings account is basically defined as a bank account designed to help the customers set aside a portion of their liquid assets, while also earning a monetary return.
Offered and maintained by a series of commercial banks, savings and loan associations, credit unions and mutual savings banks, these accounts require that the amount deposited cannot be used directly as money, thus encouraging savings.
Features and Provisions
In most of the cases, such savings account requires that the funds be kept on deposit alteast for a minimum length of time, though some also allow unlimited access to funds. In other words, there is a limit on withdrawals, payments and transfers that might be performed through a savings account.
While some of the banks will not allow any transfer of money beyond this limit, the other will notify the account holder that such a regulation has been violated. Each of the savings account holders are offered an itemized list of all financial transactions, either through a passbook or through a bank statement.
However, withdrawals from a savings account are occasionally costly and at times much higher and more time-consuming than the same financial transaction being performed on a demand account. Though most of the savings accounts do not offer cheque-writing privileges, yet there are many institutions that refer to their higher-interest demand accounts or money market accounts as savings accounts.
Latest Developments
The introduction of internet into the world of banking has made the concept of high yield savings accounts highly popular. Available through virtual banks, such an internet savings account business model is based on an attempt to offer interest rates which are higher than those available at storefront banks. A few amount of retail locations along with low customer service costs through automated and computer systems makes such a business model quite effective. In fact, internet operated banking systems are highly effective and recommended if the customers concerned are well-versed with nuances of internet and are aware of how the system works.
Experts suggest that holding at least one of such savings account is crucial if you want to develop a consistent regimen of savings and investments. The stringent regulations of most of the institutions offering such savings account do not allow you to withdraw frequent or high amount of savings from your account, which indeed have a favorable effect in the long run. In fact, to encourage and attract a large customer base, quite a few of these institutions also offer special internet rates to specific age groups as well, such as youngsters.
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Fuel Savings Specific links
Fuel Savings News
Traffic light changes cost $109,000 but save drivers $7 6m in time, fuel
Traffic signal improvements in Auckland are offering drivers valuable time and fuel savings.Auckland Transport says $109,000 invested on the first three arterial roads to be treated in a four-year "route optimisation" programme...
Read more...Kroger Doubles Down for Fuel Savings
Just in time for Memorial Day weekend and summer driving season, customers can now earn and redeem fuel points to save up to $2 per gallon at fuel centers at The Kroger Co.’s family of stores.
Read more...Kiwi motorists earn fuel discounts worth $14 million
AA Smartfuel has announced today that New Zealand motorists have earned $14 million of fuel discounts in the first six months of its nationwide fuel savings programme.
Read more...Civil engineers find savings where the rubber meets the road: Stiffer roads reduce fuel consumption
Pavement deflection under vehicle tires makes for a continuous uphill drive that increases fuel consumption, new research shows. A new study by civil engineers at MIT shows that using stiffer pavements on the nation’s roads could reduce vehicle fuel consumption by as much as 3 percent — a savings that could add up to 273 million barrels of crude oil per year, or $15.6 billion at today’s oil ...
Read more...Kroger Doubles Fuel Discount Opportunities for Summer
CINCINNATI -- Kroger customers will have the chance to earn twice the usual possible discount on fuel this summer.
Read more...