Does the difference between a savings account and a checking account confuse you? Not sure what account suits your needs? Let us help. Before we start, here are a few key points to remember –
Checking accounts are meant for recurring usage. This account is ideal for daily transactions and lets you issue cheques against the checking account. However it offers very little interest.
Savings accounts are established to encourage less usage and are ideal for saving money over a span of time or to establish an emergency fund. These accounts charge heavily after a limited number of transactions. However, they offer larger sums of interest over the financial year.
Both accounts have multiple pros that support different needs, Here are a few key points to keep in mind before opening either account.
Account fees: An important factor to keep in mind is the fee that may be applicable when you open either account. A checking account for instance allows you to access funds at your convenience. However, some banks may impose a minimum balance for the account. This type of account permits functions like overdraft and external online transaction facilities. A savings account limits the number of transactions and only allows you to withdraw a portion of the money deposited in the account. This account limits transactions to limited banks. The account holder must transfer the funds to a checking account before withdrawing those funds. This is in order to limit access to the funds.
Interest rate: Checking accounts generally yield little to no interest. On the other hand, savings account accumulates interest. The interest rate on savings account differ between banks and depend on the time span and amount invested in the account.
Online transactions: Checking accounts are easily accessible online. They allow the account holder to make most bill payments and purchases online. Savings accounts usually do not permit these transactions. However, they allow the holder to transfer funds to a checking account in order to access these functions.
Restrictions: There are little to no restrictions on withdrawals on checking accounts. This means the account holder is free to access their account any number of times in a day or month. However, savings accounts usually restrict the holder to 3 to 6 withdrawals in a month. There are no restrictions on depositing funds into either type of account.
Availability Of debit cards: Checking accounts often come with debit cards that also act as ATM cards. This eases access to funds. Savings accounts usually do not offer the facility of debit cards. Account holders must usually conduct transactions either in person, online, or by phone.
It is possible for a person to maintain both a checking account and a savings account. While the former grants ease of access to funds, the latter encourages the account holder to save. Checking accounts are meant to help those who require frequent access to their account. Savings account offers account holders higher interest rates. They are usually used to set up a college fund or emergency fund and encourages long term investments.
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The best upcoming trend of lightweight TVs
Read moreLG made the pioneer attempt to produce a great innovation in the television market. Two years back that is in 2015, LG launched LG Display(LPL) with the following features-
- 55-inch display
- Thinness comparable to DVD
- Weigh less than 4.5 pounds
- High-definition display with OLED technology
Each feature is good enough to make a customer (updated with latest technological advancements) buy this LG Display ultra-thin TV model. But what is OLED Technology’??
OLED technology has whirled up a storm in television industry by leading to the production of lightweight TVs with thin and flexible high definition ultra-thin television displays. OLED displays are sourced out from carbon-based organic materials which have the potential of emitting light. This emitting light ensures fluorescent backlighting is avoided (All LCD screens have fluorescent backlighting) thus giving good contrast, saturation, and brightness.
The plus point of OLED technology is complemented by the following features-
- Best Photo viewing
- Perfect Contrast
- Bright and solid Colors
- FlawlessFine details
- Smooth display Motion
- Image Artifacts
- LG never fails to surprise us !!
LG is the star of innovation, and it has uplifted our spirits by launching another lightweight TV model that is the LG Signature OLED W television.
Features of LG Signature OLED W television are-- 65 and 77-inch display
- Thinness-2.57mm
- Weight less than 5 pounds
- High definition display with OLED technology
LG Signature OLED W television feels like`looking through a window into another world.’ It is magical watching through the screen of LG Signature OLED W television.
- What is the importance of lightweight TVs?
As the era of light-weightedness and compactness has peaked through our lives, it was necessary to accessorize the greatest electronic gadgets of our times.
Earlier, television was the only thing through which we were connected to the outside world. The internet and computers came a little after the TV. Without innovation, television according to technological advancement would lead us nowhere.
Similarly, OLED came into existence to manufacture lightweight TV, flexible and high definition ultra-thin definition system. - Best choice for interior design lovers
Now with trendy furniture, latest architectural modern kitchen, attractive wallpapers and ultra-thin television system you have a complete way to go and design your house the way you want. Television wallpapers are the new trend biz in the electronic world.
Are you ready to follow the ultra-thin TV trend this fall?
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Furnishing tips for new homeowners
Read moreAfter years of saving, you’ve managed to buy a place which is your exclusive private space. You need to bring in the basics so that your house is set-up well for you and your family to live in. For which, you will need to buy certain needful stuff along with some basic furnishing items. But contrary to the popular belief, furnishing your home won’t require you to break the bank. You can decorate your den with whatever budget is available on hand. The idea is to make your home feel like home, and for that, you won’t like a wall to wall place that is plain and meaningless. Follow these quick tips to set up your abode in the basic yet fun way.
Get a comfortable bed
The essential aspect of the bed is the mattress. When it comes to furnishing, don’t think on spending on a high-quality mattress since you will have to bear with it for a long span of time. When it comes to the frame of the bed, you should look for something that stands out. Though it is not a necessity, it will add character to your bedroom. You will also be interested in spending a little more in the comforter and duvet, particularly if you hail from a colder region. A premium class comforter is bound to last for about a decade. Another point to consider is that stripping off the duvet from the comforter for washing is a lot easier than washing the whole comforter together.Don’t miss the couch
A living room is much comfortable with the a couch and you should always look for a cozy and well-built couch. Futons are equally comfortable and are long lasting. They offer enough space and comfort so that you can relax after a long day. Plus, they can accommodate your guests as well. However, if the budget you’ve set for furnishing is not an issue with you, you can simply invest in a couch rather than a futon.Bring in the coffee table
You will have to think economically before splurging on this furniture item as a quirky furnishing element for your space. You can always look for cheaper versions of tables, which would look equally cool in your home.Set the kitchen
No home is complete without a kitchen items and there are certain things that you must have in the kitchen to cook wholesome meals with ease. These can include microwave, coffee machines, mixer grinders, juicers and a host of utensils.