Bank fees: How to reduce them

Again, we are whinging about bank fees!  In this blog post we provide three more tips to help you keep more of your money for yourself!  Enjoy.


Tip 1: Consider a Credit Union: Credit Unions often offer cheaper interest rates on credit cards, or accounts with fewer fees. It is definitely worth checking these out; the money you can save (or make) over the long term can be quite substantial.




Tip 2: Open an online savings account: On line savings accounts generally earn a higher rate of Interest and attract less fees than traditional accounts.



Tip 3: Daily Interest Savings Account: If you have a large amount of savings in one account, make sure that the account calculates interest daily. This way you can earn more interest, and you are less likely to be penalised if your balance goes below the minimum balance required.

As you can see by making small changes you can make significant changes to your life financially.  Every little bit helps.  And every dollar you save could be properly invested to make you $100 or a lot more.

If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book.

Cheers

Rusty