Tips on Saving Money: Great Savings Account Tips

Filed under: Personal Finance, The Economy, Savings, Budget, Lynnette Khalfani-Cox

Everyone wants to save more money. If you’d like to pad your savings account and stash more cash, try these time-tested saving techniques.

1. Automate your savings
Most people know that it’s a great idea to have money automatically transferred from their paycheck into their savings account each month. But unfortunately, not everyone does it. In fact, about 1 out of 4 Americans employed full or part time have failed to take this basic step of automated saving, which can make saving more money each month easy and hassle-free.

2. Comparison shop online
If you’re going to sock away your hard-earned dollars, you really want your money to work as hard as you do. So leverage the power of the Internet and find the highest rates you can for your savings accounts. The new InterestPlus Online Savings account offered by Capital One is great because it pays you an above-average interest rate — plus you can get a 10% bonus each quarter. So it’s basically like turbo-charging your savings, because you’re getting paid twice to save.