In this beautiful and wondrous digital age a question many of millions of people are asking if they should open an online savings account. The answer is absolutely. The easier it is for an individual to put money away for a rainy day the better it is for their fiscal health and well being. It is a proven scientific fact that a person is much more apt to respond to a tedious task if presented to them in a way that is convenient. Online savings is that personified to an absolute perfect “T”. Imagine while you pay your bills online and do your budget in your nifty little spreadsheet that you realize you have an abundant surplus but have no dire need to spend it at this time. This is exactly when a savings account of this type comes in handy. A couple of logins and a transfer from your credit or checking accounts and now you are on the road to having a bright tomorrow and a sun filled rainy day.
Some warnings though just as it is easy to put in it will be just as easy to take out. Normally this would just be a question of your self discipline, but since banks know this as well it is more of a question to find a plant that fits your individual habits in regards to how you manage your money. If you are in a constant state of crisis shifting funds from one account to another than I suggest a lower yield but with no fees for such activity. Make sure to notice the minimum balance of any savings account you are going to maintain because more times than not a bank will charge a very hefty price for you to drop below this which is really just burning your money.
Once you are able to find an account that will fit your needs both in times of emergency and in those times of prospering markets and fiscal times you will be headed down a golden bricked road to better days and sounder fiscal policies in your own life and pocket book.