Welcome to Savings Guide
Thomaston Savings Bank Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Savings Accounts – Facilities and Provisions
from:Introduction
In today’s age, an increasing number of customers are looking for lucrative options to save their hard-earned income. Each of these customers aims to look for options wherein they will be able to save their money as well as earn further interest for doing the same.
To cater to such needs, today, the financial institutions offer a vast range of facilities to such customers, which give them handsome returns in turn of depositing their savings with them. Amongst the various sets of facilities offered, it is the savings accounts which still continue to be the most popular and widely used by the customers.
The Concept and Functions
Savings accounts are basically a type of bank account, established to help the customers to keep aside a part of their liquid assets, also earning monetary return simultaneously. The most stringent principle of such savings accounts offered by the series of commercial banks, savings and loan associations, credit unions and mutual savings banks is that the customer cannot use the money deposited directly as cash, further encouraging the build-up up of savings.
Another principle regulated by these savings accounts is that the funds be kept on deposit at least for a minimum length of time, which means that there will be a limit on withdrawals, payments and transfers that might be carried out. While some banks offering such savings accounts will not allow any transfer beyond the stipulated limit altogether, yet others will inform the account owner that a violation has occurred.
At times, withdrawals from these savings accounts are costlier than the same transactions being carried out from a demand account. In addition, most of such savings accounts do not offer cheque-writing services, though there are many institutions that name their higher-interest demand accounts as savings accounts. To fulfill such saving needs of the customers, banks of all types offer good terms for savings accounts of all categories. The interest rate offered by each one of these might differ form each other, but the general trend is usually prevalent across various banks.
Experts suggest that to streamline your savings and ensure that your savings also earn further for you, it is important that you hold at least a single savings account with one of these banks. However, before you actually decide on an appropriate banking institution, you must analyze the terms offered by the bank such as the interest rates, withdrawal limits and other such features, especially in specific context of your own financial status and the results required out of your investments.
Thomaston Savings Bank News
Thomaston Savings Bank donates $15000 to Landmark Community Theatre - Foothills Media Group
Thomaston Savings Bank donates $15000 to Landmark Community Theatre Foothills Media Group Thomaston Savings Bank helps Landmark Community Theatre launch inaugural year at the Thomaston Opera House. THOMASTON — Thomaston Savings Bank has donated $15000 to the Landmark Community Theatre (LCT) to help bring the performing arts back to the ... |
Community banks: An endangered species - Hartford Business
Community banks: An endangered species Hartford Business The increased expense is likely being influenced, in part, by tighter compliance standards banks are being forced to comply with as a result of financial regulatory reform. At Thomaston Savings Bank, for example, the compliance department has grown ... |
Union Savings lands ex-Winsted banker - Hartford Business
Union Savings lands ex-Winsted banker Hartford Business Danbury's Union Savings Bank has added a former chief lending officer of Northwest Community Bank to its roster. The $2.5 billion mutual savings bank announced Thursday that John E. Gergots will be its new vice president of commercial lending. |
Thomaston police say woman a victim of Internet check scam - Waterbury Republican American
Thomaston police say woman a victim of Internet check scam Waterbury Republican American THOMASTON -- A local woman fell prey to an Internet scam last week and cashed two bogus checks at Thomaston Savings Bank thinking she would be paid a commission for sending the funds to a third party in Arkansas. Sgt. James Campbell said the woman ... |
Sweet tickets help Easter Seals - Waterbury Republican American
 Waterbury Republican American | Sweet tickets help Easter Seals Waterbury Republican American ... Say it Sweetly, 51 Stoddard Place, Beacon Falls; Savings Bank of Danbury, 357 Bank St., Waterbury; Sweet Maria's, 159 Manor Ave., Waterbury; TCs Pawn Shop, 503 Lakewood Road, Waterbury; Thomaston Savings Bank, 985 Watertown Ave., 824 Highland Ave., ... |
Trekkers receives Bangor Savings Bank Foundation grant - knox.VillageSoup.com
 knox.VillageSoup.com | Trekkers receives Bangor Savings Bank Foundation grant knox.VillageSoup.com Don Carpenter, executive director of Trekkers, accepts a check from Bangor Savings' Rockland Assistant Vice President Branch Manager Mary Bumiller. Thomaston — Trekkers Executive Director Don Carpenter announced recently that Bangor Savings Bank ... |
Humane Society: Pick out a furry Valentine this year - knox.VillageSoup.com
 knox.VillageSoup.com | Humane Society: Pick out a furry Valentine this year knox.VillageSoup.com Visit us at 17 Buttermilk Lane off Route 1 in Thomaston. We are open daily from 11a.m to 5p.m, closed on Sundays. We'll help you make a purrfect match. Have you voted yet? Help us win much needed funds from The Bangor Savings Bank's Community Matters ... |
Apply now for college scholarships for 2012-2013 - West Hartford News
Apply now for college scholarships for 2012-2013 West Hartford News The American Savings Foundation named its scholarship program in honor of Robert T. Kenney, the president and CEO of the American Savings Bank, who passed away early in 2011. Kenney and the foundation board created the scholarship program in 1996, ... |