Top Tips: 3 Points to remember when selecting a bank

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‚ÄčThe bank you choose will become the safe house for your money. It is worth while comparing and selecting the bank that offers you the best returns - both in service and finance.

Box's to tick:

  1. Customer Service: Does the bank you are about to choose offer you good customer service. Are they going to help you when you cannot make a payment via internet banking. Do they offer honest advice when it comes to setting up or expanding your banking network? If the answer to these questions is 'Yes' - your life will be a lot easier when working your own hard earned money.
  2. Interest Rate: You need to compare the interest rates each bank offers. The 8th wonder of the world is compound interest... As you build your capital wealth - the interest you earn on your money will make a big difference to your capital growth. Different interest rates are given for different bank accounts. Pointing back to point 1 - you need the trust the advice from your bank and know that they are presenting you with the best options for your needs.
  3. Know what you are wanting to achieve: Know whether you are wanting to use the account as a transaction account, savings account, call account, business account, etc. This will dictate which bank account suits you best.

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