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"A basic savings account is an essential
part of a good financial plan for everyone.
Pay yourself first by making regular deposits
into your savings account. It makes a great place
to hide your savings so you don't spend it."

The comparison below is based upon information obtained online
for each bank or savings bank listed. Use this information
to determine which account is right for you.

Updated 3/20/08 (Current national average certificate of deposit rates are shown below chart.)	Bank of America	Citibank FSB	Wachovia	World Savings	Bank One	ING DIRECT
Minimum Deposit (to earn APY)	$100	$500	$300	$500	$25	$1
Annual Percentage Yield (rate)	<2.00%	<2.00%	<2.00%	<2.00%	<2.00%	3.00%
Monthly Fee	yes	yes	yes	yes	yes	no
Online Access	yes	yes	yes	yes	yes	yes
FDIC Insured	yes	yes	yes	yes	yes	yes
Avialable 24/7	yes	yes	yes	yes	yes	yes
Link to your current checking account	no	no	no	no	no	yes

CD RATES Below are updated average certificate of deposit rates. The rates are for 3 month, 6 month and one year certificates. Funds cannot usually be withdrawn prior to maturity without penalty. A regular or basic savings account allows withdrawal without penalty and is a perfect source for your emergency savings funds. It is safe, accessible and earns daily interest.

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Budgeting Worksheets

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Loan/Other Calculators

Helpful Information