Technology has made our lives easier and especially when it comes to money. Technology has a great role in managing your savings account options. If you are having a limited amount of money to invest you can open a Basic Savings Accounts with as little as $100 or you can also opt for a Fixed Deposit Accounts for a certain number of years for a defined Interest Rate.
Earlier, to keep track of our saving account balance banks used to issue a book. Every time we deposited in bank or made a withdrawal, bank used to print the transaction detail on our Accounts book. With the advent of computers and online banking we can easily access our savings account on our smartphones, PC or Tablets and save money.
Online banking is very popular among consumers as it provides the best interest rates on savings by making the banks more competitive. With online banking we can deposit bank checks online without visiting our banks. Most of the banks are now offering excellent 24/7 online customer care services via email, chat or phones to solve our online banking queries.
However many consumers are reluctant to use Online banking services due to online identity theft. Criminals can access your online banking log-in information and Account number by phishing scams to gain access to your money. It is advisable that you keep your system secure by installing a good antivirus, anti-malware, you should also change your passwords frequently and never share your online banking log-in information to anyone. If you suspect any fraudulent activities in your Account, don’t forget to inform your bank at your earliest.