Online Savings at DollarSavingsDirect.com
A popular choice for today’s savings plan include using an online savings account. If you are looking for a flexible online savings account that allows access to your account and your money at any time, you may be interested in the services of DollarSavingsDirect.com. The Dollar Savings Account is an FDIC insured, online baking option that offers a high annual percentage rate, currently at 2.25%. The APR is flexible and may change at anytime due to the conditions of the market.
Account Advantage
One of the advantages of the Dollar Savings Account is the fact that there are no charges or service fees incurred by account holders. For every penny you deposit into your Dollar Savings Account, you get to keep instead of paying back in fees. One of the account requirements is accounts must maintain a $1,000 minimum balance.
How to Apply
To open a Dollar Savings Account, you visit the website and click on the Open Now! Tab. Account holders must be at least 18 years of age, be able to provide a social security number, possess a legal address in the United States, and have a personal checking account in a US bank. Once the account has been opened and approved, you can either make your initial deposit by transferring funds from your checking account or by mailing in a paper check. Checks can only be used for initial deposit and all other transactions must be made electronically. Transferring of funds generally takes 2-4 business days to be complete. Transfers can be completed on a one-time basis or can be set up to happen on a reoccurring basis. Direct deposits are also accepted.
Account Convenience
The Dollar Savings Account is convenient and available online 24/7 so you can monitor your account whenever you want to. You can easily make deposits by automatically linking a checking account to your Dollar Savings Account. This also allows you to withdraw funds from the online account and have then deposited right into your checking account. Each account can be linked to a total of two checking accounts. Your account statement is available at any time online and are available for a period of up to 24 months. All account statements are issued every month.
If you are looking for a reliable online savings account with flexibility and no fees, check out and apply for an account at DollarSavingsDirect.com where you can earn higher than average interest rates on all of your deposits.
Tags: checking account, direct deposits, online savings account, savings APR, savings plan
