Banks Near Austin TX 78725

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Jamey Swinton

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Jun 14, 2019, 2:49:38 PM6/14/19
to Guaranty Bank & Trust Austin 78725


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HEALTH SAVINGS ACCOUNT


Tax savings, convenience, portability. These are just a few of the perks of opening up a Health Savings Account (HSA) at Guaranty Bank & Trust. When an unexpected medical bill rolls in, an HSA can help you deal with the stress.


Saving a small amount of money each month is a good idea. Whether you are saving up for something special, or you simply want to have a small nest egg of emergency money, saving is useful to do and an excellent habit to get into.

Start your children saving from a young age. This will help them to understand the value of money and of having savings. Even twenty pence saved in a small savings bank every week will soon add up to a decent amount in a child's eyes. Some children are encouraged to save half the money they receive from friends and family as gifts.

As an adult, if you have a regular income that is at a reasonable level, the standard advice from money experts is to save 1/3 of your monthly income. This can be saved in a long term interest bearing savings account, or an ISA. Your bank, building society or a financial adviser will help you decide the best course of action. You should choose a savings account that gives you access to some of it, but protects a proportion of it too so that it is not easily spent.

Most banks offer a variety of savings accounts with different withdrawal terms. For example, immediate withdrawal, 1 months' notice, 3 months' notice, annual withdrawal or no withdrawal until the saving term has been completed. Choose the options that give you the best flexibility while still protecting the bulk of your savings, and earning you a decent amount of interest.


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