UK & rights to a savings account

UN is tasked with eradicating extreme poverty and championing women’s rights.

10:20 03 June 2013

The UK is part of a coalition that is urging the UN to consider bold moves to eradicate extreme poverty across the globe and to improve humanitarian conditions. For example, in certain countries women are not allowed to open bank accounts such as savings accounts.

 

Getting a savings account is one way you can appreciate the opportunity to save and become financially independent or stable. If you want to take advantage of your ability to open a savings account, here are a few things to keep in mind:

 

• Research-finding a beneficial savings account may take a little bit of work while you research the different banking institutions and terms that are offered for the various savings accounts. 

 

• Type of account-you’ll want to determine if you just want a short-term savings account that would allow you to hold finances in the event of an emergency, or if you want something more long-term for use as a retirement supplement. 

 

• Interest rates-comparing interest rates will enable you to choose a savings account that will provide you with some growth in a savings account. 

 

• Investment possibilities-choosing an Independent Savings Account can provide your money with a better interest rate for savings and greater potential for long-term savings. 

 

• Minimum amounts-ensure that you choose a savings account that meets your requirements for minimum amounts, and monthly required deposits for the account. Some banks may require a higher amount than others, so be sure that you choose the bank that meets your needs.