Having an online bank account comes with a variety of benefits. You get to transact easily without having to actually visit a bank. Unlike brick and mortar banks which incur operating expenses and a fair share of overheads, online banks like Ally Bank cut down on such operating expenses. This means they can offer you good interest rates combined with efficient customer care.
Documents Needed
Opening an online bank savings account is pretty simple and easy. You need to provide your social security number along with identity proof. Your driving license or passport will suffice. Plus, you’ll need to deposit some funds to meet the minimum balance requirements.
Why Savings Account?
Savings accounts encourage you to save some money, which can prove to be handy when you face an emergency. Plus, the funds in the savings account earn you interest as well. The interest that you earn on a savings account is certainly far more than what you earn on checking accounts. So, if you’ve earmarked funds for a specific purpose, you can open a savings account with the amount needed and allow it to accumulate interest. This means that the initial deposit plus the accrued interest will help meet your financial goals.
The accumulated balance in your savings account can bail you out in any emergency. You won’t have to resort to taking heavy interest laden loans or the charges associated with swiping your credit card.
Savings accounts are your liquid assets. While you may hold any form of high interest earning investment, how high do they rank on liquidity? Say, you’re contemplating opening a bank account in the form of a savings account or certificate of deposit. A certificate of deposit, no doubt earns a higher interest percentage, they do have a lock-in tenure. This means if you resort to premature withdrawal, you’ll have to pay a penalty.
On the other hand, savings accounts have no restrictions and you’re free to make deposits whenever you want. You can also make a specified number of withdrawals.
The most enticing feature about savings account is that they enjoy FDIC backing, making them safe.
Advantages
Having an online savings account gives you the following benefits:
Easy Access
You enjoy the convenience of banking at any time of the day or night. Your laptop can help you access your online account, verify the balance and effect transfers.
Mobile Friendly
Smartphones are common today. Banks have developed mobile friendly apps which can be downloaded to your smartphone. You can now easily check your balance, deposit checks and keep an eye on transfers, all with a simple screen swipe. In fact, you can handle all your banking tasks while on the move.
High Interest
Online only banks offer high interest on savings accounts. Thanks to their less overhead costs, you earn a higher interest rate. Plus, their fees are negligible.
Go ahead and open an online savings account and reap the benefits of high interest combined with liquidity.
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Tips to buy chainsaw for the first time
Read moreCutting trees to clear forests or a bushy area can be a tough job. It is quite a labor-intensive task and needs a huge effort. Not only effort but also cutting or felling of trees requires complete expertise in the field. An experienced professional knows the tricks of the trade and have the set of machinery required for cutting trees. He has the saw, axe and all other items required for the work. If you are into this profession and want to reduce the number of efforts you put for the work, you can buy a chainsaw for your work.
Chainsaw refers to a small mechanical saw, which can be easily taken from one place to other and uses teeth set for cutting trees. The teeth set comes with a guide bar and has rotating chain attached to the bar for controlling the device. Though this is mainly a wood cutting machine, you can also find specialized chainsaws to cut concrete structures. At times, they are also used for cutting or shaping ice. Whether you need to use a chainsaw for cutting wood or you are looking for chainsaws to cut concrete, you can search for the best price Stihl chainsaws offer. If you are going to buy chainsaws for the first time, you can follow some simple tips to make the job easier.
Know your usage well- The description of the mechanism and role of chainsaws clearly gives a hint of the dangers that can arise with the improper use of the machine. Therefore, before deciding on the model of a chainsaw to be purchased, you should know your usage or requirements carefully. Chainsaws for infrequent users or new users are not the same for the experienced users. That means, when you are searching for the best-priced Stihl chainsaws, you need to know your usage well. If you cannot decide on the chainsaw model best suited for your use, you can always take the help of the customer service staffs appointed by stores.
Type of chainsaw- Owing to the different types of requirements as well as preferences of the users, you can find gas operated as well as electrically operated chainsaws. Gas operated chainsaws are a good choice for professional users, who need them on a regular basis or have to work in remote areas, where getting a stable electrical connection can be a little tricky. However, if you do not require much mobility from the device and use it once in a while, you can opt for the electric ones. Both electric and gas models are available in stores. Therefore, you can search for any of them, when looking for best price on Stihl chainsaws.
Price and quality- Though functionality and features of the chainsaw play an important role in determining the right type of chainsaw for your use, you should not undermine the price factor. You can search the online stores for best price Stihl chainsaws or visit local retailers in your area. However, to get the best value for your money, you should never compromise with the material quality of the product. The chainsaw you purchase should be able to give a flawless performance. It should be made with quality material or else it will not be able to function for a longer period of time.
When you are looking for best price Stihl chainsaws, you should be careful about your requirements. Selecting a wrong model to save a few dollars may be a complete wastage of money. Therefore, check out every detail carefully and then make your decision. To save a bit extra, you can always consider looking out for online stores.
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Why should you get a bone density test?
Read moreA bone density test is a test that is performed to gauge the strength of the bone. The density of the bone is measured and the chances of fractures and osteoporosis are determined. It is a simple noninvasive test, where a dual x-ray absorptiometry scan is performed. It is mostly done in the spine, hip, finger, wrist, or heel.
Why you should get a bone density test?
Fractured bone
If you have had a fracture previously or are prone to such incidents, it is recommended that you immediately get a bone density test. If bone density is low, then there are more chances of fractures. A bone density test will help doctors to determine if the fracture is due to any underlying causes. It can be treated by medicines and a diet filled with vitamin D and calcium.Lost height
If you have a recorded measure of the decrease in height, get your bone density tested immediately. There’s a chance that the decline is due to low bone density. Although such cases are very rare, it’s better to be on the safe side and get yourself tested as soon as possible.Severely underweight
People who are severely underweight (below 127 pounds) should also get their bone density tested. Not only are they weak, but their bone density can be very low. This increases the chances of fracture with even small impacts to the bone. The low weight could be due to improper consumption of food and inadequate nutrition. This also means that the person might not have the required calcium intake. That leads to bone density. Hence it’s important that people who are underweight get a bone density test.Received a transplant
If you have recently received a transplant, then you should be aware that the body will take some time to adjust itself to the new organ. The time it takes might cause fluctuations in bone density. In these cases, it’s important to get yourself tested and monitored so that there’s no issue that develops.Drop in hormone levels
If there is a sudden drop in hormones due to medication or steroids you have recently taken, you must get a bone density test. There are high chances that the drugs can cause adverse effects to your bone density level.Family history of osteoporosis
If you have a family member who was diagnosed with osteoporosis, then there is a chance that you might suffer from it as well. It’s been found that it can be passed on from one generation to another. Since it can be treated at the initial stages, get regular bone density tests. These tests can reveal if there is any drop in bone density.Women aged 50 and above
Since women above 50 go through menopause, estrogen production in their body decreases. This has adverse effects on bone density. It has been shown that women may experience 2530% bone loss in the first five years after menopause. Hence, frequent bone density tests should be taken and diet should be modified accordingly.
Smoking, hyperthyroidism, and physical inactivity can also lead to problems with bone density. It is important to follow a balanced diet that has increased amounts of vitamin D and calcium to keep bone density levels in check.