Moving balances intelligently ensures maximum return.
October 31st, 2011
As a general rule, all savings should be in an account that makes them grow, simply keeping salary in a current account is not helpful, and it also makes it difficult to track your finances as monthly transactions and card payments go in and out and fail to display accurately at any one time. It can also be confusing to know how the overdraft is affecting your balance. It is good practice each month to transfer a fixed amount into high interest savings accounts in order to make the most of your earnings and understand their value in the long term.
Entry Filed under: Finance