Open a Savings Account for your future Vacation!

Hello there! Are you now planning for your next Summer Vacation in the Philippines? Checkout our list of Hotels in the Philippines for your accommodation needs.

If you are planning to save money for your future vacation, you might want to consider signing up for an online high-yield savings accounts. According to Wikipedia, Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their liquid assets while earning a monetary return.

Some savings accounts are used as security for certain credit and debit cards, and others are used as a buffer to prevent overdrawn cheques. It is important to inquire about the various types of savings accounts available at your bank so that you can find the account that best suits your needs.

Online Savings benefits & features:

• Free Online Banking
• Free Electronic statements
• Maintain a minimum balance of $300.00 each day of the monthly statement cycle to avoid the monthly service charge amount of $4.00.
• No monthly service charge when you open Online Savings account with WaMu Free Checking account online, or link a new Online Savings to an existing active WaMu checking account, as long as checking relationship maintained.
• Sign up for Overdraft Transfer Service and available funds will be transferred from your linked Online Savings account to your checking account to prevent overdrafts or other NSF transactions (e.g., bounced checks). Subject to transaction limits and funds availability.
• Easy access to funds by ATM: Transaction limitations apply to Online Savings accounts and access is subject to funds availability.

Your instant access to the savings account is facilitated mainly by an ATM card, which allows you to have 24 hour access and maximum convenience. Other benefits beyonf the ATM and EFTPOS access include phone banking and 24/7 online banking.

ATM convenience is not limited to the ability to draw funds from the ATM networks operated by your bank and other financial institutions. Once you have a link between accounts then ATM access is a very convenient way to access cash anywhere you need it and at anytime. Other conveniences possible with the instant access savings accounts ATM are:

Making fund transfers to and from the linked accounts Making cash deposits (although this is possible only on selected ATM units) Checking the balance on your accounts

Aside from making deposits at ATMs, you may also deposit money into your instant access savings account by:

• Having your incomes credited directly
• Transferring funds from the linked account or your other savings accounts
• Transferring funds by telephone or Internet banking
• Sending cheque deposits by mail
• Depositing over the counter

For your everyday transactions, you may want to consider the conveniences available to you through instant access savings accounts. Savings Account is usualy offered by commercial banks, savings and loan associations, credit unions, building societies and mutual savings banks.