Different features of the bank accounts are being offered to attract more customers. The high interest savings account, promotes more interest than average, however these savings accounts may have more restrictions. Consider the following features of savings account.

The current recession brought positive results in relation to personal savings. In fact, the personal savings rate has increased since the beginning of the recession.

Where should you put those savings?
As more people cut back on the nonessentials here are some suggestions:
High yield savings account. This is the most basic level of savings. However, with recent interest rate cuts, you may get something in the 2% – 3% range.

To establish and administrate an education savings account (ESA), there are several parties involved. These parties are the following:

* The designated beneficiary: The person (child) for whom the ESA is established.
* The grantor or depositor: The individual or entity that establishes and contributes to the ESA.

We all hear it in the news. "The worst recession in a generation".  What can you do to save and come out stronger? We're going to offer you some money savings tips.

Firstly, start by making your own meals at home.  If you cook, this meal can cost only 20% of what you've just paid out.

Secondly, leave your vehicle at home. By taking public transportation, you're doing not only a favor to the environment but also padding your own wallet.  In addition, you save time searching for parking.

Thirdly, start collecting coupons.  Coupons are a great and inexpensive way to save on everything from groceries, and other goods and services.

Fourthly, you should change all your incandescent light home lighting to compact flourescents.

These are some of the money savings that will help you stretch your budget.