Online Savings Accounts - Understanding the Benefits

Achieve your Personal Finance Goals

An online savings account is a great vehicle for reaching your personal financial goals. The key benefit of your online savings account is the interest rate. As a general rule, Internet savings accounts provide you with a higher rate of interest than a conventional bank will. That means the money you worked so hard for works harder for you if you put it into an interest bearing online savings account. Of course the benefits of online savings accounts vary, but along with a higher interest rate you can usually count on the following:

• Online savings accounts are free to open
• No service charge
• Account remains active regardless of balance
• No minimum deposit required
• FDIC insured up to $250,000* per account title
• Easy to operate and manage account

Online Savings Account Do's and Don'ts

Online savings banks have done a great deal to make sure that their sites are safe and secure.

There are a number of tips and suggestions regarding online banking security. Below are just a few things you may want to consider to safeguard your online savings account.

• Be sure your funds are FDIC insured
• Keep browser security downloads up-to-date
• Always view your accounts for suspicious activity
• Make sure your online savings account is covered for cyber break-ins
• Remember to back up your files periodically
• Create a unique PIN
• Don't give your PIN to anyone else
• Don't click on unknown hyperlinks
• Do not respond do emails request personal information, etc

It's easy to sign up for online banking. Go to iGObanking.com, member FDIC, to begin your Internet banking today or call us at 1-888-432-5890.

*250,000.00 until 12/31/2009